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$5 million contribution through PrairiesCan to support the construction of an Indigenous owned industrial hemp … – Lakeland Connect

May 7, 2024

A competitive and sustainable agriculture sector is a vital contributor to the Canadian economy. Crop and animal production, food processing and ingredients processing, and the manufacturing of products like biofuels and hemp fibre are key economic drivers that support quality jobs. The Government of Canada is investing in initiatives that increase the value of agriculture, advance reconciliation, create jobs, and establish new opportunities for businesses.

Today, the Honourable Dan Vandal, Minister for PrairiesCan, announced $5 million in federal funding through the Community Economic Development and Diversification fund for the Askiy Hemp Limited Partnership (Askiy) to construct a state-of-the-art industrial hemp processing plant in Elk Point, Alberta. When complete, the plant will process 40,000 tons of hemp stalk annually for use in various products including textiles, building materials, fertilizer, and paper. Increasing demand for hemp will provide a new revenue stream for farmers and diversify Alberta’s agricultural sector.

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