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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 six months ended 28 February 2019, Hempco Food and Fiber Inc revenues increased 67% to C$1.3M. Net loss increased 85% to C$3.1M. 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 79% to C$570K (expense), Interest Expense increase from C$38K to C$132K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $44.66M as of Feb 28, 2019
Annual revenue (TTM): $2.72M as of Feb 28, 2019
EBITDA (TTM): -$5.43M as of Feb 28, 2019
Net annual income (TTM): -$5.98M as of Feb 28, 2019
Free cash flow (TTM): -$10.31M as of Feb 28, 2019
Net Debt Last Fiscal Year: $4.05M as of Feb 28, 2019
Shares outstanding: 62,021,741 as of May 1, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization