High­land Hemp inks $14M or­der with Brazil­ian com­pany

Cape Breton Post - - FRONT PAGE - BY CAPE BRE­TON POST STAFF

A fledg­ling lo­cal hemp man­u­fac­tur­ing ini­tia­tive has just inked a $14-mil­lion or­der from a Brazil­ian phar­ma­ceu­ti­cal com­pany for one of its prod­ucts.

High­land Hemp Man­u­fac­tur­ing and Ex­ports, a com­pany owned by Parker Rud­der­ham and Shel­don Nathanson, an­nounced the sale Mon­day that will see oil from hemp seed sent to Brazil be­tween now and a Dec. 31 ship­ping dead­line.

The or­der fol­lows a 22,000-bot­tle ship­ment of hemp oil to Europe late last year but Rud­der­ham said it will be an en­tirely dif­fer­ent prod­uct from a new crop of hemp that will be sent to Brazil.

“I don’t know when I’ve ever been more ex­cited about an op­por­tu­nity, for my­self of course, but what it could mean for the area,” said the com­pany pres­i­dent.

“Frankly, there’s no rea­son why Cape Bre­ton can’t be to hemp what P.E.I. is to pota­toes, ex­cept there’s a lot more val­ued-added things you can do with hemp and there’s a lot more money in hemp than pota­toes. There’s end­less op­por­tu­ni­ties.”

The hemp oil shipped to Europe last year came from hemp grown in com­pany fields out­side of Syd­ney. This time, Rud­der­ham ex­pects the hemp to be grown by in­de­pen­dent con­trac­tors and farm­ers around Cape Bre­ton.

“We’d have to sup­ply the seeds be­cause we are the only ones able to get the seed in the area but then the farmer or in­de­pen­dent con­trac­tor, he grows it and it is like a farmer grows a potato for McCains or Cavendish Farms.

“We are hop­ing to have the farm­ers do ev­ery­thing — utiliz­ing their land, their equip­ment, etc.”

High­land Hemp will soon meet with the Depart­ment of Agri­cul­ture on the ini­tia­tive, not to re­quest gov­ern­ment money, but in­stead to ask for as­sis­tance in terms of in­for­ma­tion ses­sions for farm­ers on the ini­tia­tive.

“Plan B is any short­fall we run into we will be able to pur­chase oil else­where in Canada to ful­fill that or­der. We are hop­ing not to, but you have to hope for the best and pre­pare for the worst.”

In a press re­lease, Glace Bay MLA Geoff MacLel­lan, ap­plauded the com­pany’s suc­cess and said the prov­ince “looks for­ward to op­tions that can be im­ple­mented to con­tinue shap­ing the in­dus­try here in Cape Bre­ton.”

As for pro­duc­tion, Rud­der­ham said machin­ery is now be­ing fab­ri­cated to press the oil where the hemp is grown. The ex­trac­tion process will use car­bon diox­ide, the same way cof­fee is ex­tracted from cof­fee beans.

“What we are at­tempt­ing to do is, rather than have that prod­uct be brought to a fa­cil­ity, we want to go to where it is grow­ing and do it there and then pump it into a tanker and off we go.”

As for job cre­ation, he doesn’t yet have a fig­ure to of­fer but said with hemp be­ing a value-added prod­uct, “you can’t help but cre­ate jobs.”

Rud­der­ham said long­stand­ing global re­la­tion­ships with his phar­ma­ceu­ti­cal com­pany, Phar­macy Whole­sale Ser­vices Inc., helped with at­tain­ing the Brazil or­der.

Trans­ac­tion pro­ceeds from the $14 mil­lion deal will be rein­vested into the com­pany.

Most of the health ben­e­fits of hemp seed oil come from its ex­cel­lent ra­tio of omega -6 to omega – 3. which is sim­i­lar to what the body needs.

Hempseed oil pro­vides pow­er­ful nu­tri­tion and can be used top­i­cally as well as in­ter­nally. It is one of the best sources of omega fatty acids.

CAPE BRE­TON POST PHOTO

This file photo shows a bot­tle of pure hemp oil that was part of a 22,000-bot­tle ship­ment sent to Europe late last year by High­land Hemp Man­u­fac­tur­ing and Ex­ports. A $14-mil­lion or­der of what the com­pany is de­scrib­ing as an en­tirely dif­fer­ent prod­uct from a new batch of hemp will be sent to Brazil be­fore the end of the year.

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