Creso Pharma Limited (ASX: CPH, the “Company”) is pleased to announce that its subsidiary Hemp‐ Industries s.r.o. (HI) has successfully delivered its second shipment of hemp protein to one of the largest bakeries in Slovakia, Pekárne Liptovský Hrádok, s.r.o. (PLH).
This second shipment of 700kg of hemp protein follows the first shipment of 500kg of hemp protein in mid‐August. The hemp protein is used by PLH to produce several top‐quality protein bar products, which are sold in leading grocery chains like Tesco, Kaufland and others.
HI is anticipating growing demand for its product from PLH due to increasing public awareness of the health benefits of hemp seeds, which are regarded as the next big thing in the “superfood” industry for its high content of amino acids, omega acids, protein and other beneficial substances.
Superfood is a term used to describe foods with high nutritional and health benefits. The global superfood industry is estimated to be worth around US$130 billion, according to research by Global Industry Analysts1; while research firm Technavio is forecasting that the global hemp‐based food market will expand at a compound annual growth rate (CAGR) of around 20% through to 20202.
"We are very pleased with the market reception of Hemp Industries' new protein product line and we believe we are in a very strong positon to become a market leader in the supply of hemp protein in the region,” said Creso Pharma Executive Chairman, Boaz Wachtel.
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