Read the following paragraph and determine if the hypothesis is true:

HTnaturals is a Canadian clothing and accessories company based in Vancouver, BC. The company focuses mainly on wholesale sales to third party retailers but also operates a factory outlet in Vancouver and an online store. Founded in 1998, HTnaturals has grown from a fledgling home-based business to a thriving leader in the natural and organic clothing industry.

Hypothesis: HT was a home business in 1998