A hemp producer is among a group of small- and medium-sized businesses in Saskatchewan that received funding from the Canadian federal government.

Saskatoon-headquartered Blue Sky Hemp Ventures received 749,115 Canadian dollars ($618,800) to upgrade a facility in Saskatchewan for hemp oil pressing and CBD oil refining, according to the announcement by Western Economic Diversification Canada.

The funding was part of CA$11.5 million divvied up between 11 projects selected under the Business Scale-up and Productivity program.

The program is intended to create opportunities for “high-growth” businesses in new markets.

“These investments are expected to result in increases in export sales and business revenue growth, as well as the creation of new jobs,” according to a government news release.

Information on other available business support is available here.

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