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Hempco Food and Fiber Inc. (V:HEMP)

Business Focus: Food Processing

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Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
See Regulatory Filings on SEDAR
Company Contact
Address: 5589 Byrne Rd Unit 112
BURNABY BC V5J 3J1
Tel: N/A
Website: hempcocanada.com
IR: See website
Key People
Diane Jang
Chief Executive Officer, Director
John Charles Ross
Chief Financial Officer
 
Business Overview
Hempco Food and Fiber Inc., formerly Genview Capital Corp., is a Canada-based company, which provides hemp seed foods for humans and animals. The Company is engaged in hemp seed food research and development, manufacturing, distribution and marketing. The Company's products include Hemp Protein Powder, Hemp Seed Oil and Hulled Hemp Seed Nut. The Company's Hemp Protein Powder is the protein source for humans, which consists of edestin and albumin. The Company's Hemp Seed Oil can be added to salads, shakes, smoothies and other cooked or raw food recipes. The Company's Hulled Hemp Seed is a one-seeded fruit or Achene and is available in approximately 50 pound (lb) poly lined paper bags and approximately 2,000 lb poly lined super totes. The Hulled Hemp Seed can be added to shakes, smoothies, salad dressing, sauces and baking. The Company produces a range of hemp-based foods, snacks and oil under the brand name, PlanetHemp. It has not generated revenues from operations.
Financial Overview
For the three months ended 30 November 2018, Hempco Food and Fiber Inc revenues increased 46% to C$768K. Net loss increased from C$692K to C$1.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Stock based compensation increase of 66% to C$237K (expense), Professional fees increase from C$13K to C$55K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $58.93M as of Nov 30, 2018
Annual revenue (TTM): $2.42M as of Nov 30, 2018
EBITDA (TTM): -$4.74M as of Nov 30, 2018
Net annual income (TTM): -$5.36M as of Nov 30, 2018
Free cash flow (TTM): -$9.45M as of Nov 30, 2018
Net Debt Last Fiscal Year: $1.06M as of Nov 30, 2018
Shares outstanding: 62,021,741 as of May 1, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization