The largest hempseed processing plant in the world is under construction south of Winnipeg.
Hemp Oil Canada, which produces hempseed oil, hemp protein and hemp flour, announced the construction of a $13.6 million plant in Ste. Agathe Sept. 26.
President Shaun Crew said the new facility would triple Hemp Oil Canada’s existing production capacity of three million pounds a year.
“This will boost us to well over nine million lb., once we enter the facility,” Crew said during a news conference.
“Within the facility there is still room for more equipment, so growth is inevitable.”
The federal government is providing a “repayable contribution” of $4.6 million to Hemp Oil Canada to build the new plant.
MP Ted Falk said the funding makes sense because the North American retail market for hemp products is more than $500 million a year.
“Hemp is taking off in this country, and one of the big reasons is right here in Ste. Agathe,” he said.
– Read the entire article at The Western Producer.