Hempco Food & Fiber Inc HMPPF

RE:Finally big moment for Hemp?

[raylewis]

Not looking so good for tomorrow! >TSXV-Listed Hempco Says Fiscal Q1 Loss Widens On Exit From Korea 29 Jan 2018 17:01 ET 05:01 PM EST, 01/29/2018 (MT Newswires) -- Hempco Food and Fiber (HEMP.V) said Monday its fiscal first-quarter loss widened on a temporary withdrawal from the Korean market and leasing costs for a new production facility near Edmonton, Alberta. The company said it lost $700,000 in the quarter ended November 30. It said the loss was $300,000 wider than the year-prior quarter but provided no additional detail. It said revenue of $500,000 was down by $2.1 million as it lost a Korean contract and a U.S. customer. However Hempco, which manufactures hemp foods, fibers and nutraceuticals, said it hopes to re-enter the Korean market in the future. It is also growing its Planet Hemp retail line in Canada, where it is carried in 70 stores and is marketing hemp-based supplements for animals, which it expects will contribute to revenue this year. Hempco shares closed down $0.03 to $1.48 Monday on the TSX Venture Exchange.