Hemp processing facility receiving funding
By Top Crop Manager
Sept. 26, 2014 - The federal government is providing a repayable contribution of up to $4.6 million to Hemp Oil Canada to help build a hemp processing facility at Ste. Agathe, Man., with the latest in conveyance, processing and quality assurance equipment.
According to a news release, the new facility will implement the latest processing technology to enhance food safety and quality standards, and to increase the company's capacity for delivering high quality hemp products to buyers around the world.
In the last three years, the cultivation of hemp has been on the rise. Founded in 1998, Hemp Oil Canada was one of the first Canadian companies involved in processing hemp following 60 years of prohibition.
In 2012, Canada exported over $21 million worth of hemp products to international markets. In 2012, the total retail value of hemp products in North America alone exceeded $500 million. This includes food and body products, clothing, auto parts, building materials and other products.
This investment is made through the Enabling Commercialization and Adoption stream of Agriculture and Agri-Food Canada's AgriInnovation Program, a five-year, up to $698 million initiative under Growing Forward 2.