About Hempco
Hempco is a Consumer company based in Burnaby (Canada) founded in 2004, and was acquired by Aurora Cannabis in September 2018. Hemp seed products are manufactured and distributed by Hempco. Its focus areas include Food and Agriculture, Food & Beverage Products, Multi-category and Consumer Goods. Its competitors include Above Food and New School Foods; 1 of its 2 listed competitors has raised funding.
Company details
Hempco was founded in 2004 in Burnaby, Canada, focusing on the hemp seed products sector. Hemp protein powder, hemp seed oil, and hemp seed nuts are produced and supplied through retailers and independent grocers. The majority of sales occur in Canada, with operations centered on domestic distribution channels. Products are targeted at health and nutrition markets without international expansion noted.
- Headquarters Burnaby, Canada
- Stage Acquired
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website hempcocanada.com
- Social LinkedIn X
- Acquired by Aurora Cannabis (Sep 2018)
- Latest Funding Round$3.2M (USD), Post-IPO
Nov 2017
- Investors
- Acquired byAurora Cannabis
(Sep 2018)
Funding Insights of Hempco
- Total Rounds 1
- Last Round Post-IPO — $3.2M
- First Round $3.2M
(Nov 2017)
- Investors Count 1
All 1 funding rounds of Hempco with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2017 | $3.2M | Post-IPO | – | – |
1 investors in total: 1 institutional.
Investors in Hempco
Hempco has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Aurora Cannabis.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Medical marijuana is produced and distributed by Aurora Cannabis. | 2006 | auroramj.com | Edmonton, Canada |
Investor details for Hempco
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- Complete investor list
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Timeline of Hempco
4 dated milestones of Hempco across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Hempco is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $3.2M.
- Exit Acquired by Aurora Cannabis.
Competitors of Hempco
Hempco has 2 listed competitors in our database, 1 of them funded. They include Above Food and New School Foods.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| abovefood.com | 2019 | Canada | Plant-based protein products are branded and offered by Above Food. | |||
| newschoolfoods.co | 2020 | Toronto, Canada | $18M | Brand of plant based foods |
Detailed competitors of Hempco
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Related news about Hempco
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Frequently Asked Questions about Hempco
Hempco was founded in 2004 and raised its 1st funding round 13 years after it was founded.
Hempco is headquartered in Burnaby, Canada. It is registered at Burnaby, British Columbia, Canada.
Hempco was founded in 2004 in Burnaby, Canada, focusing on the hemp seed products sector. Hemp protein powder, hemp seed oil, and hemp seed nuts are produced and supplied through retailers and independent grocers. The majority of sales occur in Canada, with operations centered on domestic distribution channels. Products are targeted at health and nutrition markets without international expansion noted.
Hempco's top competitors include New School Foods and Above Food.
Hempco has 1 investor. Key investors include Aurora Cannabis.
Yes. Hempco was acquired by Aurora Cannabis in September 2018.