LAS VEGAS, NV–(Marketwired – May 16, 2016) – As Hemp, Inc.‘s (OTC PINK: HEMP) multi-purpose industrial hemp decortication facility nears completion, executives are shifting their focus to sales and marketing and are pleased to announce the sale of approximately 7,000 pounds of raw Kenaf to a Tennessee company involved in the biofuel industry. According to David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), the company purchased the raw kenaf for testing and evaluation. “We are extremely optimistic that this sale will lead to even more sales of our raw kenaf,” said Schmitt. “We are also currently working with several Fortune 500 companies on various projects involving either kenaf or industrial hemp.”
Last week’s sale of kenaf (a cousin plant to hemp in the hibiscus family) has definitely kicked Hemp, Inc.’s product sales into action. Schmitt says the company is currently negotiating a five-million-pound potential sale of raw kenaf. “We received a serious inquiry and price request for five million pounds of the raw kenaf we have on hand. If we finalize this sale, we could be looking at $1,250,000.”
Kenaf fiber, while great for oil-absorbent materials, can also be used to make end products such as paper, grass mats, fiberglass substitutes, fiber composites for the automotive industry, animal bedding, chicken litter, animal forage, particle board, potting soil, and more.
Schmitt went on to say, “We are in a very advantageous position because Industrial Hemp Manufacturing, LLC is the only company in America with millions of pounds of kenaf on hand, ready to sell and we are the largest facility capable of outputting forty million pounds per year. Not to mention, we have 400 acres of kenaf planted this year, but if we sell more, we plan to increase this year’s planting from 400 acres to approximately 2,000 acres.”
Once the, now fully funded, North Carolina Industrial Hemp Commission creates the guidelines for the cultivation of hemp, Hemp, Inc. will kick its hemp fiber sales into high gear and process massive quantities for distribution… an easy feat for the 70,000 square foot commercial multi-purpose industrial hemp decortication facility. Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) said, “Right now, we are focused on kenaf. That is what we are planting now. However, next year we expect to plant hemp.”
The raw kenaf is one of the company’s six initial products for sale. SpillSuck™, another one of the six products, is available for sale now. It is a super absorbent, environmentally friendly product made from the core of kenaf and hemp plants which is considered one of the world’s most absorbent natural materials. It’s generally used for oil, chemical and other liquid spills. It’s easy to handle and is thirty times more absorbent than clay. As mentioned in Hemp, Inc.’s previous press release, 25,000 pounds of SpillSuck™ are in the final stages of packaging. For more information on Hemp, Inc.’s SpillSuck™ or to read Hemp, Inc.’s previous press release, click here.
Another product made from the raw kenaf is Spill-Be-Gone. This is the exact same product as SpillSuck but packaged in 1,000-pound bags. This was designed to be used as an emergency response for oil spills in water that were not contained, and has washed up on shore such as the Deepwater Horizon Oil Spill on April 20, 2010. As the most absorbent plant on earth (based on a US Navel Study) kenaf works wonders in cleaning up shorelines and absorbing oil off birds and other animals.
David Schmitt said, “The last time we made this product in my previous company was during the Deepwater Horizon Oil Spill in the Gulf of Mexico. We took roughly 2,000 pounds of it down to the Gulf in Louisiana. We couldn’t get through all the political red tape to demonstrate our product so we made a pile of it on the beach. It was totally amazing to watch all the birds and other small animals that were completely covered in oil walk in and through the pile of kenaf. And how easily it removed the oil from them. It was like they instinctively knew that this mound of kenaf would help save their lives.”
The 1,000-pound emergency response Spill-Be-Gone for oil spills that reach shorelines probably will not sell as rapidly as the 25 pound bags of SpillSuck which is used for everyday oil, chemical and other toxic liquid spills. “However, we feel it is environmentally prudent and socially responsible for oil and chemical companies to maintain a certain amount of our Spill-Be-Gone in inventory to be able to rapidly respond to emergency spills.” According to a recent article on TrueActivist.com, “Since 2012, there have been 147 spills and about 516,900 gallons of oil leaked into the Gulf of Mexico.”
“For oil spills that haven’t reached the shore and are still out at sea, such as last week’s Shell Oil Spill in the Gulf of Mexico, we will be producing another product called SpillMaster. This is the kenaf or hemp made of a coarser particle size than our other products. It is put inside floating booms traditionally made for emergency oil spills at sea. It consists of short fiber/high core content for a high absorbency rate,” said Schmitt.
DrillWall™, commonly referred to as “loss circulation material” or (LCM), is also one of the six products. The DrillWall™ is a micronized plant cellulosic material, naturally non-toxic and is an antimicrobial. “Our DrillWall™ can be used as a drilling fluid, as well as a lubricating agent, a torque or a drag reducer in order to prevent differential sticking. This substance can be used with all types of water-based, oil-based, or synthetic drilling fluids,” says Schmitt. LCMs are mainly used by oil and drilling companies because they seal highly permeable formations of fractured shale, sand or pre-salt during the drilling process.
According to what experts have told Hemp, Inc. executives, the U.S. oil drilling industry suffers losses in excess of a billion dollars each year due to loss circulation. Hemp, Inc., therefore, anticipates very large sales and revenues from our DrillWall™. “One industry expert, in particular, wanted to know if we could produce a million pounds a month because that is how much he can sell. Although Hemp, Inc. is not making any claims or future projections based on this information, we are extremely optimistic about this particular product hitting the marketplace,” said Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP).
Perlowin also mentioned the company will have a 6th product soon but the company is keeping it under wraps for now. “We are in negotiations to either rent 10,000 square feet of our 70,000 square foot facility or provide a separate building on or near our property to the company that wants to purchase this 6th product from us. This seems to be a budding trend with our customers. As with this particular order, we estimate it will take over 10,000 acres of hemp to process enough material to supply their needs,” said Perlowin.
“We have also been in negotiations with several CBD manufacturers who want to rent 1,000 to 3,000 square feet in our facility to process CBDs. Reason being? They want to be where the largest supply of hemp will be grown in America. We suspect we’ll be growing a lot more in North Carolina than we originally anticipated, so we’re considering expanding this model of creating space in our facility or building additional buildings on or near our existing campus as we quickly become America’s first Hemp Hub. With rapid technological advances in CBD extraction, CBD manufacturers will want to have a place to showcase their manufacturing equipment for sale, and create a somewhat turnkey solution for the production of their CBD oils and other products. Our North Carolina Hemp Hub is the perfect place for this.”
Bruce Perlowin continued, “Again, what we are trying to do is invite other hemp manufacturers and producers of hemp products to join us at the North Carolina Hemp Hub and be a part of the new clean green sustainable American agricultural and industrial revolution.”
The race seems to be on in America as to which state will be the largest hemp processor and/or grower to reach the culminating point of the ‘Hemp Renaissance and Hemp Revolution.’ But with Hemp, Inc.’s natural, environmentally friendly products being manufactured, combined with the largest commercial decorticating plant in North America, Hemp, Inc. is already positioned as a leader in the agricultural industrial hemp industry.
“We believe our facility in North Carolina will become the ‘Hemp Hub’ of America in 2017,” said Hemp, Inc. Secretary, Craig Perlowin. “Kentucky is growing about 4,500 acres of hemp. Oregon is growing about 2,000 acres this year. Colorado is growing about 5,000 acres. And Nevada has 43 licenses to grow hemp so Nevada may grow about 1,000 acres… maybe less. We applaud these states for leading the charge in the hemp revolution. We are, however, optimistic that North Carolina will grow 50,000+ acres during the 2017 growing season.”
Craig Perlowin continued, “While we cannot predict this as being accurate or even close to 50,000 acres, it is highly probable with the largest infrastructure in North America… right here in North Carolina. We have made it economically viable for farmers to grow a lot more hemp here than anywhere else in the country. In fact, there are already a few hemp manufacturers that are planning to move operations to North Carolina just to be in or near our facility so they can benefit from this North Carolina Hemp Hub that we are creating. We are also currently negotiating the purchase of 50 acres next to our current 9 acres and/or other buildings and acreage close by to erect buildings for storage and to rent to other hemp related businesses to accommodate the ever expanding multi-purpose hemp startups in our North Carolina Hemp Hub. It only makes sense that with 50,000+ acres of hemp growing, combined with our processing facility, hemp manufacturers move here to maximize their productivity. We are officially inviting other hemp companies to join us in our North Carolina Hemp Hub.”
With a solid economic development strategy and a strong business tax climate, North Carolina has become a very appealing state for business operations. North Carolina’s April 16, 2016 Weekly Newsletter, from Governor Pat McCrory’s office, reported that the U.S. Department of Commerce Bureau of Economic Analysis rated North Carolina number one for having the fastest growing economy in the nation since 2013.
Hemp, Inc.’s corporate culture is one that is eager to help any state in America, or in the world, with their hemp crops or hemp production in any way they can. They believe what the legendary Jack Herer said in his book, “The Emperor Wears No Clothes,” which is considered by many as the holy grail of the hemp industry that “Hemp can save the planet.” Herer’s book started the cannabis-hemp revolution and more than 600,000 copies have been sold to date.
To see the video of America’s largest hemp processing facility (70,000 square feet under roof, on 9 acres) and 60-foot silo installation, making up the central spoke of our North Carolina Hemp Hub, click here.)
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HEMP NATION MAGAZINE
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ABOUT INDUSTRIAL HEMP
When it comes to environmental impact, industrial hemp is a crop that can actually give back to the earth. It takes less water to grow and process, is less polluting from pesticides and can actually help rebuild depleted soil. A hemp crop requires half the water alfalfa uses and can be grown without the heavy use of pesticides. According to a USDA report in 2000, industrial hemp is not very susceptible to widespread disease. Most contagion can be controlled through seed treatment before planting. Additional research has shown that industrial hemp can be used for phytoremediation of polluted environments and significantly detox toxic soil.
Hemp is a durable natural fiber that is grown as a renewable source for raw materials that can be incorporated into thousands of products. It’s one of the oldest domesticated crops known to man. Hemp is used as a nutritional food product for humans and pets, building materials, paper, textiles, cordage, organic body care and other nutraceuticals, just to name a few. It has thousands of other known uses.
U.S. SOON TO REACH THE HALFWAY MARK OF MEDICAL MARIJUANA LEGALIZATION
The Ohio House of Representatives approved House Bill 523, on Tuesday, approving medical marijuana use for people with qualifying medical conditions with a doctor’s recommendation. The bill, passed in a 71-26 vote, now heads to the Ohio Senate. If Ohio legalizes medical marijuana, exactly half of the United States will have done so. According to news sources, “It’s a historic vote for the conservative legislature, putting Ohio one step closer to becoming the 25th state to legalize marijuana in some form.” Thus far, Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Washington, and the nation’s capital, District of Columbia have legalized medical marijuana. From sourceProcon.org, as of April 2016, Florida, Kentucky, Missouri, Nebraska, South Carolina, and Tennessee have pending legislation or ballot measures for 2016.
ABOUT INDUSTRIAL HEMP AND MEDICAL MARIJUANA CONSULTING COMPANY (IHMMCC)
This lucrative division of Hemp, Inc. is once again picking up momentum. The Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) is a wholly owned subsidiary of Hemp, Inc. that pulls industry information from a vast network of specialists. IHMMCC is entrenched primarily in all the multi-faceted opportunities of the Industrial Hemp industry while also maintaining professional contacts in the medical marijuana sector. As the country transitions to embrace more sustainable agricultural practices, public and private companies want to expand into the industrial hemp industry and consulting services from IHMMCC are helping them in leading the way.
IHMMCC’s most recent agreement, before entering into an agreement with Green Cures and Botanical Distribution, Inc., is with FutureLand Corp (FUTL), a leading provider of strategic real estate investment, grow facilities and material solutions to the global cannabis industry. Per the Consultant Agreement, IHMMCC will provide consulting services specific to the Industrial Hemp/Medical Marijuana Industry in the area of sales and marketing strategy, public company venues, and general industry specific business guidance to FutureLand Corp. For more information on FutureLand Corp, visit their website here.
HEMP, INC.’S TRIPLE BOTTOM LINE
Hemp, Inc. (OTC PINK: HEMP) seeks to benefit many constituencies from a “Cultural Creative” perspective, thereby not exploiting or endangering any group. CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. Thus, the publicly traded company believes in “up streaming” a portion of its profits back to its originator, in which some cases will one day be the American small farmer — cultivating natural, sustainable products as an interwoven piece of nature. By Hemp, Inc. focusing on comprehensive investment results — that is, with respect to performance along the interrelated dimensions of people, planet, and profits — the triple bottom line approach can be an important tool to support its sustainability goal.
http://www.hempinc.com (Hemp, Inc. website)
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