Government of Canada Investment to Help Hemp Farmers and Processors Reach Full Potential

WINNIPEG, MANITOBA–(Marketwire – Dec. 13, 2010)

The Government of Canada is injecting more than $728,000 to help the hemp industry increase production capacity and make new inroads into the U.S. market. The Honourable Vic Toews, Minister of Public Safety, made the announcement today on behalf of Agriculture Minister Gerry Ritz.

“Canadian farmers and processors are finding tremendous success with hemp thanks to its many nutritional benefits and wide range of uses in pasta, salad dressings and frozen desserts,” said Minister Toews. “This Government is proud to invest in this growing industry so that farmers can continue to expand their markets and develop more products.”

The Government of Canada investment will support three groups:

  • A $410,000 repayable contribution through the AgriProcessing Initiative for Fresh Hemp Foods to purchase and install new dehulling, oil pressing, and packaging equipment in its new 20,000 square foot state-of-the-art facility.
  • A $300,000 repayable contribution through the AgriProcessing Initiative for Hemp Oil Canada to purchase and install new air classification milling and cold press oil expeller technology.
  • A $18,625 investment through the AgriMarketing program for the Canadian Hemp Trade Alliance to enhance its website, hold a strategic planning meeting of its board of directors and take the first steps toward achieving Generally Regarded as Safe status in the U.S.

In 2009, exports of hemp seed and hemp products were valued at more than $8 million, with most exports going to the U.S.

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http://www.marketwire.com/press-release/Government-Canada-Investment-Help-Hemp-Farmers-Processors-Reach-Full-Potential-1368122.htm