Oregon: Living Harvest Sees Growth on Horizon
By Christina Williams, Sustainable Business Oregon
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.