Investing in Alberta’s hemp industry

In partnership with the federal government, Alberta has awarded two grants totalling $900,000 to help grow the province’s hemp industry. INCA, a globally recognized hemp manufacturing company, will receive a grant of up to $400,000. INCA will use the funding to build a new $72-million hemp processing facility in Vegreville.

Blue Sky Hemp Ventures, a global leader in hemp whole plant utilization, will receive a grant of $500,000 to advance a proposed $75-million hemp food processing facility in Alberta.

“Alberta’s growing hemp industry is helping to build a strong agriculture sector that creates jobs and brings tremendous opportunities to communities across the province. By producing, processing and creating value-added products within the province, the hemp industry can remain sustainable and agile, while seizing new opportunities in domestic and export markets.” MarieClaude Bibeau, federal Minister of Agriculture and Agri-Food

As part of the venture, INCA will transform hemp fibre into natural fibre composites in Alberta for further manufacturing.

The facility will create demand for 54,000 tonnes of hemp biomass per year, adding $270 million in additional farm income over 25 years.

(for the full article visit https://www. alberta.ca/agri-news.aspx)