Winnipeg, Manitoba - The Nutrition Business Journal recently announced that Manitoba Harvest Hemp Foods & Oils has been honored with a 2004 Business Achievement Award in the “Growth in Small Companies” category. This announcement comes close on the heels of the 2004 Young Entrepreneur Award recently bestowed on Manitoba Harvest’s Co-founder Mike Fata by the Business Development Bank of Canada.
The Nutrition Business Journal (NBJ) is a leading research, publishing and consulting company serving the nutrition, natural products and alternative health care industries. The NBJ Business Achievement Awards recognize companies for their distinguished achievements in various natural product business categories including: growth in large, mid-size and small companies; efforts on behalf of the industry; stock performance; environment and sustainability; personal service; and product merit. An awards ceremony will be held in July at the NBJ Newport Summit in Dana Point, California. For more information on NBJ or the awards, please visit: http://www.store.yahoo.com/nbj/20nbjbuacaww1.html
“Recognition of our sales accomplishments from a leader in the natural products industry such as the Nutrition Business Journal is pretty cool,” says Manitoba Harvest co-founder Mike Fata. “Knowing that our strong sales growth is fuelled by an increasing number of people eating our nutritious foods and leading healthier lifestyles is what really motivates us,” adds Fata. Educating consumers about the incredible health benefits of hemp foods has been the company’s focus since its humble beginnings in 1998. Hemp foods are gaining more and more recognition from nutrition experts due to their high concentration of Omega-3 and Omega-6 Essential Fatty Acids, protein, fiber and vitamins. Chefs and consumers are seeking healthy hemp seed products because of their pleasant nutty flavor.
The hemp food category is one of the hottest in the booming $43 billion natural products industry – growing by 66% over the past year. Because they are the largest integrated producer of hemp foods in North America, Manitoba Harvest is poised as a category leader. A business that earned less than $50,000 in sales in its first year of 1998, sales at Manitoba Harvest jumped to more than $1 million in 2004 and are on track to explode to $2.5 million in 2005.
Manitoba Harvest™ contracts hemp seed production on more than 4,000 acres by 20 farmers who are shareholders in the company. The raw seed is processed into hemp seed oil, shelled hemp seed, hemp seed nut butter and hemp protein powder at Manitoba Harvest’s 6,000 square foot kosher and organic certified processing plant in Winnipeg. The company’s products are sold by more than 1,500 natural food retailers, including Whole Foods Markets & Wild Oats. For more information, please visit www.manitobaharvest.com or call 1-800-665-HEMP (4367).