TSX-V: HEMP
VANCOUVER, May 16, 2018 /CNW/ - Hempco Food and Fiber Inc.
(the "Company" or "Hempco") (TSX-V: HEMP) today announces that all
resolutions presented at the Company's Annual General Meeting, held
on Tuesday, May 15, 2018, including
the appointment of directors, the appointment of Manning Elliott
LLP as auditors and approval of the Company's stock option plan,
were approved by the shareholders of the Company present at the
meeting (or represented by proxy). At the Meeting, each of the
following individuals nominated by management for election as a
director of the Company was duly elected:
Name of Nominees
Diane Jang
Angela
Holmes
Allan Cleiren
Steve Dobler
Joel Watson
Mary-Lynn Bellamy Willms
Total shareholders holding 18,050,851 (29.94 % of the issued and
outstanding) shares were represented at the meeting.
Change of Officers
Effective immediately, the Company has accepted the resignation
of Charles Holmes as President of
Hempco. Mr. Holmes, who co-founded the Company, oversaw its public
listing and was instrumental in completing the strategic
partnership with Aurora Cannabis. Mr. Holmes has decided to
transition to an advisory capacity and make time to pursue personal
goals.
Effective July 1, 2018 the Company
also wishes to announce the retirement of Angela Holmes as COO of the Company. Ms. Holmes
who co-founded the Company with Mr. Charles
Holmes will stay on as a Director of the Company.
"We wish to thank Charles and Angela for their leadership and
guidance during the early years of Hempco" said Diane Jang, CEO. "With Charles's future role as
an Advisor to the Company and Angela's position as a Director, we
have ensured continued access to their industry expertise and
guidance as we grow the business."
About Hempco
For more than 12 years Hempco has been a trusted and respected
pioneer, innovator and provider of premier hemp based foods. Hempco
is committed to developing hemp foods, hemp fiber and hemp
nutraceuticals. Hempco is expanding its processing ability to meet
global demands in a 56,000 sq. ft. facility located at Nisku, Alberta. Hempco's common shares
trade on the TSX Venture Exchange under the symbol "HEMP".
On behalf of the Boards of
Directors,
HEMPCO FOOD AND FIBER INC
Diane Jang
CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward-looking
statements are frequently characterized by words such as "plan",
"continue", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "potential", "proposed" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. These statements are only predictions.
Various assumptions were used in drawing the conclusions or making
the projections contained in the forward-looking statements
throughout this news release, including the assumptions that the
Hempco shareholders will approve the creation of a new control
person and allow the private placement to proceed. Forward-looking
statements are based on the opinions and estimates of management at
the date the statements are made, and are subject to a variety of
risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the
forward-looking statements. The Companies are under no obligation,
and expressly disclaim, any intention or obligation, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
SOURCE Hempco Food and Fiber Inc.