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Bullboard - Stock Discussion Forum Hempco Food & Fiber Inc HMPPF

Consumer Defensive Household & Personal Products
Hempco Food and Fiber Inc is engaged in manufacturing and distributing hemp food products. The products are used for both human and animal consumption in the United States, Canada, Mexico/Latin America, Asia/Pacific, and Europe. It produces bulk hulled hemp seeds, hemp protein powders, and hemp seed oil under the PlanetHemp brand name.

GREY:HMPPF - Post Discussion

Hempco Food & Fiber Inc > HEMPCO production contract default.
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Post by Hempfarmer on Jan 22, 2019 6:18pm

HEMPCO production contract default.

I had a production and price contract for Hemp with Hempco in 2017 at that time prices were strong. Prices dropped in 2018- Hempco sent me a letter December 2018 that they could not honor the contract. So my obvious question is - They are still in business- so where are they sourcing their Hemp from? At what price are they sourcing it at?  I have tried to call Diane Jung (CEO) to try and resolve this, no answer. If I sign a contract for something and the price goes against me , I still deliver on the contract- that is how it works. Too bad Hempco does abide by these simple business principles/ ethics. I hate to vent publically on this - but it is my last resort. Before it gets nasty and we turn it over to lawyers.
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Hempco Food & Fiber Inc