2 Alberta hemp processors awarded CA$900,000 to expand production

Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.

Two hemp manufacturing plants in Alberta, Canada, will get roughly 900,000 Canadian dollars ($700,000) in public grants for improvements to expand fiber and grain processing through a joint federal-provincial program.

The companies – INCA Renewtech and Blue Sky Hemp Adventures – are building processing facilities worth more than CA$70 million each.

INCA Renewtech’s facility will make hemp fiber materials for composites manufacturing used for vehicles, renewable energy and environmental absorbance.

The Blue Sky Hemp Adventures grant will allow the company to expand hempseed oil production for use in foods and cosmetics and production of hemp protein concentrate, making it the first large-scale hemp food processing facility in the province, the government said.

Alberta produces about 40% of Canada’s total hemp output, according to Doug Schweitzer, Alberta’s minister of Jobs, Economy and Innovation.

Get the MJBizDaily Extraction Buyers Guide, now available.

This free resource offers practical business tips and valuable insights from cannabis extraction professionals to help plan or scale your extraction or processing operation with confidence.

Inside the MJBizDaily Extraction Buyers Guide:
  • In-depth guidance for planning a CBD extraction business
  • Best practices in sourcing solvents + solventless materials
  • Lessons in shopping for extraction/processing equipment
  • Tips for outfitting a facility for psilocybin mushroom extraction
  • And more!

“This investment will not only increase the demand for Alberta-grown hemp, it will also create new manufacturing and processing jobs,” he said in a statement.

The grants are part of a joint federal-provincial initiative created two years ago through the Canadian Agricultural Partnership.