LAS VEGAS, NV–(Marketwired – Jun 7, 2016) – Hemp, Inc. is proud to announce its first Kenaf harvest from its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, in Spring Hope, North Carolina. Executives say the 150 acres of Kenaf were cut, raked, baled and was transported to Hemp, Inc.’s 70,000 square foot industrial hemp processing facility where it was weighed, stored and paid for. “This is a huge milestone for Hemp, Inc. From seed, to harvest, to paying the farmers, our 150-acre Kenaf crop represents great success in the fact that we were able to inject revenue into the local farming community that we have become a part of,” says David Schmitt, COO of Hemp, Inc.’s Industrial Hemp Manufacturing.
Kenaf (hibiscus cannabinus) is an annual, non-wood fiber plant that is indigenous to central Africa. Kenaf is a plant in the Malvaceae family also called Deccan hemp and Java jute. It has been likened to okra and cotton and typically grows 12 to 18 feet tall in a six-month growing season. The raw fiber has been known to grow well in many parts of the United States and has been considered an eco-friendlier way to make paper without cutting down trees. According to DavesGarden.com, “uses of the fiber range from paper, grass mats, fiberglass substitutes, animal bedding, oil-absorbent materials, chicken and cat litter, animal forage, particle board, and potting soil, to name a few.”
Schmitt said the company has planted another 400 acres this year for its second season as they prepare for a massive hemp crop in 2017, in North Carolina. “We planted 400 acres this year which represents about a 70% increase from last year. The harvest came in just as our truck scale was installed. That was perfect timing because we were able to weigh the Kenaf.”
Bruce Perlowin, CEO of Hemp, Inc. commented, “This was such a critical cycle that we completed. Once you plant a crop, successfully harvest it and pay the farmers, you have gotten the farmer’s attention. They’ll be eager to grow Kenaf and hemp next planting season. In order to grow the amount of hemp we expect to grow in 2017, having the confidence of the farmers is a must. Even though it’s Kenaf this year, next year, we expect to grow a lot of hemp.”
In a state where tobacco and cotton were once cash crops, farmers in North Carolina have been struggling to try to make ends meet. Hemp, Inc. has provided hope and seems to be viewed as a “savior”. By importing a special strain of Kenaf seed from China to harvest and contracting with the farmers for the first 150 acres, small and medium farms now have a source for reliable income. With a 166.7% increase in its planting, Hemp, Inc. is paving the way for a massive 50,000+ acre hemp crop production in 2017. While this is not guaranteed, the estimated projection is based on projected sales, market demand and farmer loyalty.
Demand for hemp continues to increase and even with a solid infrastructure of a processing facility the size of Hemp, Inc.’s, Perlowin says it may still be tough to meet such a high demand.
“We feel like no one will be able to keep up with the demand for industrial hemp and hemp based products. There simply aren’t that many big players in the game, so to speak. At least not on a commercial level,” said Perlowin.
“Demand” seems to be an understatement. Another recent article bode the hemp industry as scrambling to meet Korean demand due to regulatory hurdles hindering acre expansion. According to the article, there’s been an explosion in demand for Canadian hemp out of South Korea. “Six months ago, South Korea was unknown as a market for Canadian hemp; now, that market requirement is outstripping the requirements for the U.S. A promotion on a home shopping channel in South Korea led to sales of 40,000 pounds of hempseed in one hour, according to reports.”
The article went on to state that “the regulations in place for growing hemp are hampering a quick increase in acres, as farmers are unable to get licensed in time. Due to industrial hemp’s association with its cousin marijuana, farmers need to be licensed through Health Canada and pass a criminal record check in order to grow the crop.” The acres of hemp could drop to 30,000 this year from 85,000 acres in 2015.
On June 2nd, the Western Producer published an article, stating that it has taken six years and over $5 million in taxpayer dollars for Manitoba’s Parkland region to even open its hemp processing plant. The soon-to-open plant is optimistic it will open by 2017. The plant, Plains Industrial Hemp Processing, expects to export Manitoba hemp fiber around the world. The article also cited that the “plant’s official opening has been delayed, many times, because of issues with machinery imported from China and failures to satisfy Canadian construction standards.” Unlike Hemp, Inc.’s multipurpose industrial hemp processing plant, there were electrical issues due to wiring that was not up to code. Having to go back and re-wire most of the plant came at a very high cost. Thus, the Canadian plant is about 75% complete.
In Hemp, Inc.’s latest video update, shareholders and the public are able to view the whole process of the Kenaf crop from start to finish. From the 50-acre Kenaf crop field being fertilized in 2015, to the different stages of the kenaf growing, to the harvesting, to the baling of the Kenaf and then to also showing this year’s planting of the 400 acres. The purchase of the truck scale, delivery and installation are also highlighted in the video. The truck scale is a critical component to weigh the harvest.
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, clickhere.)
MEDICAL MARIJUANA UPDATE: UP TO 12 STATES COULD VOTE ON MARIJUANA IN THE NOVEMBER ELECTION
Marijuana legalization has also been on the incline. In total, voters in three states are guaranteed to vote on marijuana this November. Of the remaining nine states, one is a seeming lock to get a marijuana initiative on the ballot, while the remaining eight are still in the process of collecting signatures. Three states guaranteed to vote on marijuana in November are Nevada, Florida and Maine. The remaining nine states are California, Arizona, Arkansas, Massachusetts, Michigan, Missouri, Montana, North Dakota, and Oklahoma. For more detailed info on each state mention above, visit TheMotleyFool.com. Any advances in the medical or recreational marijuana industries automatically become a catalyst to legalize industrial hemp since no one can get high smiling hemp.
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HEMP NATION MAGAZINE
HempNationMagazine.com (HNM) is published by Hemp, Inc. and focuses on informing, educating, raising awareness and connecting the public to the powerful world of HEMP. HNM reports on Politics, Industrial Growth, Banking, Distribution, Medical, Lifestyles and Legalization. HNM is your source for all things HEMP and news about this emerging multi-billion-dollar industry. For more information on HNM, visitwww.HempNationMagazine.com.
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.
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.
SAFE HARBOR ACT
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