FinTechFunding

Australian Primary Hemp: Signs $760K supply deal with Annex

  • Australian Primary Hemp (APH) has signed a two-year exclusive agreement with Annex Foods for the supply of hemp seeds
  • Annex will use APH’s hemp seeds in its products sold under the brand Red Tractor Brand
  • Then the agreement is worth $760,000 and is a significant milestone for APH
  • APH’s recently improved Geelong processing facilities has allowed the company to meet Annex’s specifications
  • Annex Managing Director, Kane Fetterplace, said the company committed to using Australian grown ingredients in its products
  • APH is up 7.69 per cent on the market today and is trading for 14 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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