TSX-V: HEMP

VANCOUVER, Jan. 17, 2019 /CNW/ - Hempco Food and Fiber Inc. (the 'Company" or "Hempco") (TSX-V: HEMP) is encouraged by Health Canada's proposed changes to the upcoming Canada Food Guide to be released later this year.

As part of its multi-year Healthy Eating Strategy, Health Canada's latest Food Guide provides practical, nutritious eating recommendations based on best evidence, to help Canadians make sound food choices.

In this latest iteration of the Food Guide, Health Canada is proposing to reduce its legacy 'four major food groups' to three:

vegetables and fruit;

whole grains, and

protein-rich foods, especially plant-based sources of protein.

"It is clear that for a healthier body and planet, encouraging Canadians to eat more plant-based proteins is a step in the right direction. For those looking for alternatives to animal-based proteins, there are a variety of healthy, plant-based options including hemp. Hemp is nutrient-dense, providing valuable omega 3 fatty acids and minerals such as iron, in addition to plant-based protein," said Desiree Nielsen, Registered Dietitian.

"As a leading producer of hemp-based food products, including our consumer package goods Planet Hemp™ Superfood, Hempco is very pleased to see this shift to protein-rich, plant-based food choices in the latest update to Canada's Food Guide. It's evidence that more Canadians are not just recognizing the nutritional benefits of a plant-based diet, but also the overall positive effects it has on sustaining our environment," said Diane Jang, CEO of Hempco Food and Fiber Inc.

About Hempco

For more than 12 years Hempco has been a trusted and respected pioneer, innovator and provider of quality hemp-based foods, hemp fiber and hemp nutraceuticals. Hempco produces and markets the brands PLANET HEMP™ and PRAISE, hemp-based foods and nutritional supplements for people and animals. Hempco is expanding its processing ability to meet global demands in a 56,000 sq. ft. facility located at Nisku, Alberta. Hempco's common shares trade on the TSX Venture Exchange under the symbol "HEMP".

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements in this press release include the Company's anticipation of further growth. These statements are only predictions and are not guarantees of future performance; therefore, undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Companies are under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

On behalf of the Board of Directors,

HEMPCO FOOD AND FIBER INC.

Diane Jang

CEO

SOURCE Hempco Food and Fiber Inc.

For further information: John Ross, Chief Financial Officer, +1.647.291.4234, [email protected]; Darlene Webb, Investor Relations, +1.647.992.3806, [email protected]

Related Links

http://hempcocanada.com/

