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.