Oregon Business

warning: Creating default object from empty value in /home/hemporg/public_html/news/modules/taxonomy/taxonomy.pages.inc on line 34.

Oregon: Living Harvest Sees Growth on Horizon

By Christina Williams, Sustainable Business Oregon

Oregon: Living Harvest Sees Growth on Horizon With more traditional grocers starting to open up to the idea of food made from hemp, Living Harvest Foods Inc. is looking ahead to a year of growth, poised to launch a new ice cream product and start selling products in Safeway aisles this spring.

The 10-employee Portland company, which sells milk, ice cream and nutritional products made from hemp seeds, raised $800,000 from existing investors last year and plans to use it to support its growth to reach profitability.

Hans Fastre, Living Harvest CEO, said that sales in 2010 were essentially flat at about $6 million after several years of strong growth.

"It was okay," Fastre said. "We see it starting to rebound across the whole industry. Whole Foods is reporting better numbers and we usually follow them pretty closely."

Fastre said Living Harvest is starting to get more interest from mainstream supermarkets. He expects Living Harvest products to debut in Safeway in March.


Source: http://sustainablebusinessoregon.com/articles/2011/01/living-harvest-see...

Oregon: Jobs Watch | Hemp For The Masses

By Ben Jacklet, Oregon Business

There is a truth that must be heard!Anyone who believes that the hemp industry is best left to the half-baked stoners of the world should spend a few hours talking textiles with Ken Barker. Five minutes into the conversation it becomes clear that this guy is onto something big, and he knows exactly what he is doing.

Barker recently served as head of apparel at Adidas North America in Portland. Before that he held executive positions with Adidas and Levi Strauss in Canada. He knows how hard it is for apparel companies to meet the rising demand for clothing from earth-friendly sources. When he was with Adidas he entertained proposals to make fabric from soy, bamboo, even seaweed. None of them made as much sense as hemp, the plant that once served as the backbone of U.S. industry before it was banned in the 1930s.

Barker and another former Adidas executive, David Howitt (a brain behind the success of Oregon Chai), run an investment firm in Northwest Portland called the Meriwether Group. They have two hemp companies in their portfolio. Living Harvest, which makes hemp milk, is one of the fastest growing companies in Oregon. Naturally Advanced Technologies, the company Barker has run since 2006, recently raised more than $900,000 and plans to get its product to market within six months.

Syndicate content