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Hempco Food's Reports October Sales 

 

Hempco Food and Fiber Inc. (HFF.V) has released its monthly sales report.

HEMPCO FOOD AND FIBER INC. - COMPARATIVE MONTHLY SALES REPORT

The attached table is a summary of approximate monthly bulk and retail sales (all figures unaudited).

                    BULK HEMP FOODS SALES AND PLANETHEMP BRAND RETAIL PRODUCTS SALES 
           
2015/2016       September      October      November      December       January      February 
   
Bulk             $279,000     $434,000      $249,000      $209,000      $183,000      $540,000  

                    March        April        May       June       July     August          Total

                 $415,000     $632,000   $949,000   $809,000   $351,000   $531,000   $5.6-million

2016/2017       September      October    

Bulk           $1-million     $870,000                                                       
Retail             $1,000      $50,000  
                                                      
Note: Fiscal years end on Aug. 31.

The Korean customer, Seoulution Corp., saw some hurdles with sea freight transportation with Hanjin Shipping's bankruptcy causing turmoil in global sea freight, but is back on track with Hempco hulled hemp seed purchase orders.

Hempco is making progress on launching a retail line of products. Raw Elements Distributors of PlanetHemp brand retail products in Canada expects the company's products to be in 200 stores by the new year and 800 stores by summer 2017. "The marketing dollars and sales team's extensive efforts are paying off!" said chief executive officer Charles Holmes.