Hemp Foods AustraliaHFA achieved strong growth with improved...

Hemp Foods Australia

HFA achieved strong growth with improved margin performance throughout FY2020 and now, with leaner operations, accounts for one third of Elixinol’s Group revenue. It is the largest and one of the most recognisable hemp foods brands in Australia.

Australia reported revenue of A$4.2 million for the year ended December 31, 2020, (vs FY2019 loss of A$3.5 million) and EBITDA loss of A$300,000 (vs FY2019 loss of A$2.2 million).

The strong EBITDA improvement was driven by shifting the portfolio mix to higher margin segments, new cost optimisation measures and an increasing overall productivity.

Under a new agreement, HFA also started supplying global retailer and warehouse club, Costco in Q4 FY2020 with its new line of Australian grown hemp seeds.

Throughout Q4 FY2020, HFA also launched a new Organic Hemp Gold™ Protein Powder and Seed Oil range aimed at further premiumising HFA’s portfolio.