"This year we harvested enough seed to convert into about 4000 litres of Kanapu hemp seed oil, 12,000kg of hemp flour and 8000kg of hemp flakes.
"We aim to release the flour and flakes when the new hemp food regulations come into effect, which we anticipate will be around May or June this year."
He said hemp seed flour was anti-allergenic and was typically blended with traditional flours to boost their protein content.
"Our initial trials have shown the flour contains 35 per cent protein, but we are exploring new natural, non-chemical techniques to enable us to improve this to 50 per cent."
The flakes were de-hulled seeds that he said was the most nutritious way of consuming hemp seed, which contained Omega 3 and 6 and protein, and could be used in cereals, smoothies and other baking.
"Overseas interest in our product has increased as a result of the law change in New Zealand and Australia, and while we have had a fantastic season, we are really interested in making contact with new farmers who have successfully grown seed to discuss the potential opportunities."
Using proprietary hemp crops grown in partnership with a Canadian-based firm that specialised in the development of hemp genetics, other medicinal applications were also being explored.
"Our hemp varieties have zero tetrahydrocannabinol (THC), so are completely non-psychoactive, but they do contain about 4 per cent cannabidiol (CBD) which has been shown to be therapeutically useful in treating pain and epilepsy.
"We are looking into these applications as an addition to our current business and have plans to realise some of the economic value a CBD extractions industry could bring in Hawke's Bay."
He thanked those businesses in the region that already supported the hemp seed oil range, including local chefs and specialty food outlets.