We presume we’ll soon be seeing hemp facemasks from all corners of the industry. A french company announced a launch yesterday now it is the turn of the Australians…
Seeking to take advantage of the growing trend of wearing face masks, Australian Primary Hemp (ASX: APH) has announced the launch of a hemp-based face mask personal protective equipment (PPE) product.
The company produces, manufactures and distributes a range of hemp products to retail, wholesale and white label customers across Australia.
It also conducts operations throughout the value chain, encompassing hemp seed selection, farming, processing, packaging as well as distribution and sales of bulk and retail products.
Just last month, Australian Primary Hemp unveiled a two-year exclusive supply agreement with Annex Foods, a leading Australian food manufacturer and marketer, for the supply of Australian grown hemp seeds.
Annex has agreed to use Australian Primary Hemp’s hemp seeds as ingredients for products sold under its Red Tractor Brand, currently sold in supermarkets throughout Australia and in more than 10 countries globally.
Results-wise, Australian Primary Hemp has posted a 34% boost in revenue growth up to $1.16 million in the last financial year.
Considering the strong uptake of hemp products across Australia based on their high fatty acid, vitamin and mineral content – as well as a growing reputation for being an organic problem-solver across multiple industries – Australian Primary Hemp is attempting to leverage hemp’s natural properties to mitigate the impact of the COVID-19 pandemic.