Hemptown Clothing Inc. (NASD OTCBB: HPTWF), a leading provider of enviro-friendly hemp fabric clothing, announced today that the Town of Craik and the Rural Municipality of Craik No. 222 has provided 80 acres of prime industrial property as an incentive to establish the first of its planned multi-million dollar hemp fiber mills in the community.
Located directly between the dominant cities of Saskatoon and Regina, alongside the major Provincial highway and rail line, the new facility will provide good access to local and international markets. Construction is expected to begin in 2005 and start up of production operations by mid-2007, and the mill could eventually employ hundreds of locals both directly and indirectly.
Hemptown’s intent is to source its hemp requirements from local area farmers, further establishing one of the most sustainable Canadian agriculture crops and supplying the market for industrial hemp fiber worldwide. The facility would initially require production from approximately 4,000 acres of farmland, ramping up to over 10,000 acres in the future.
Hemptown Clothing Inc. recently announced a collaboration with the National Research Council of Canada (NRC) on the development of a specialized hemp enzyme technology process, designed to allow hemp to replace existing cotton crops, a multi-billion dollar industry and one of the worst polluting and heavy water users in agriculture today. This new technology would be incorporated within the Craik facility.
Hemptown President Jason Finnis commented, “It has always been Hemptown’s intent to vertically position itself, “Dirt to Shirt” in Canada. The Town of Craik can be thoroughly commended for both their economic and environmental initiatives. This is clearly a community of the future.”
For further information:
Patrick Smyth, Tel: (604) 255-5005 or
(Vgl. Meldung vom 2004-06-04.)
Source: CNW-Pressrelease vom 2004-07-03.