LAS VEGAS, NV–(Marketwired – Mar 4, 2016) – Hemp, Inc.’s (OTC PINK: HEMP) wholly owned subsidiary, Industrial Hemp Manufacturing, LLC is in the final stages of completing its mill and decortication facility in North Carolina. David Schmitt, COO of Industrial Hemp Manufacturing, LLC, is “cautiously optimistic” that the 60-foot steel storage silo will be erected next week. Spring Hope’s rainfall during the last 60 days hindered progress on the silo. According to Schmitt, the wet soil was too soft to hold 2,100-ton cranes on site to perform the work needed for the installation. In Hemp, Inc.’s new video update, you can see the concrete being poured for the 60x16x2-ft thick silo pad near the end of the video. Although there was almost a month delay for the foundation, due to rain as mentioned above, crews are relentlessly moving forward through rain sleet or snow to finish North America’s largest hemp processing facility. Nothing can stop the hemp revolution.
Workers have also spent a great deal of the last couple of weeks preparing to finish the harvesting of the Kenaf crop. “If the weather permits, we will begin baling the Kenaf and will start transporting it to our warehouse late next week.” The truck scale has also been purchased and is being installed to weigh incoming loads of Kenaf. Per Schmitt, the scale is set to be operable prior to bringing in the harvest.
Due to excessive rainfall, progress was delayed about a month, however, weather permitting, the company is expecting the scale to be operational by the end of next week. “We have a lot of excavating to do on-site for the scale and there’s quite a bit of concrete to pour,” says Schmitt.
Aside from the weather setbacks, Schmitt has continued to make progress on the electrical wiring of the Temafa decortication line (for hemp processing) as well as all of the machinery for the milling operation. “Our engineering firm has completed all of the engineering drawings for the milling operation and will start fabricating the few components needed to finish the installation. Once the milling operation is online, we will immediately begin manufacturing our Drillwall loss circulation materials (LCMs) as the first phase of the factory installation is completed.”
Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, “Our company has been working feverishly to get the decortication line and mill up running. It’s a process and whenever you embark upon a task such as this, there will be unforeseen setbacks and obstacles. However, once it’s operational, our shareholders can expect to see the fruits of our labor. Also, more states are unfolding pro-hemp legislature which means there will be endless opportunities. This also means Hemp, Inc. will be able to deploy its portable decorticators to more and more farmers as they begin to grow hemp.”
Hemp, Inc.’s portable decorticators will help process fiber on location without having to ship the hemp stalks to its facility in Spring Hope, North Carolina. This creates additonal revenue streams for Hemp, Inc. and revenue for the farmers. Any farmer, in any state, interested in Hemp, Inc.’s portable decorticator machine can contact firstname.lastname@example.org.
In other industrial hemp news, the Minnesota Department of Agriculture is now looking for farmers to participate in their hemp pilot program that was ordered by the state legislature, last year. “It will be the first time that hemp has been grown legally in Minnesota in 60 years.” Thus far, at least 27 states have passed some sort of pro hemp law, according to the National Conference of State Legislatures and VoteHemp.
In Hawaii, “bills that would allow the state Department of Agriculture to create pilot research programs for industrial hemp are moving through both chambers of the state Legislature.” According to the article posted by West Hawaii Today, Senate Bill (SB) 2659 and House Bill (HB) 2555 are not “companion” bills but both focus on establishing the agricultural research program.
In Oregon’s 2016 legislative session, lawmakers passed agriculture-related bills which included allowing growers to cultivate hemp in greenhouses and “propagate it from cuttings under House Bill 4060, which eliminates the requirement that the crop be directly seeded in fields of at least 2.5 acres.” According to the article posted by Capital Press this week, “the changes are aimed at providing farmers with more flexibility in producing hemp for cannabidiol, a medicinal compound, in addition to industrial products such as oil and fiber.”
In Colorado, Montezuma County planners had a roundtable discussion on having more hemp fields to boost the local economy. According to the article posted this week in The Journal, hemp is regulated by the state. Colorado farmers can apply for a permit to grow hemp from Colorado’s Department of Agriculture. “Random testing is done to ensure it’s the hemp variety. So far, 330 farmers, including several in Montezuma County, have obtained permits. About 3,700 acres have been planted and harvested statewide.”
Washington state legislature has also passed a bill that would allow licensed growers to produce industrial hemp in Washington as part of a research program. According to the article in The Olympian, “Senate Bill 6206 cleared the House on a unanimous vote Tuesday after passing the Senate last month. It now heads to the desk of Gov. Jay Inslee.” The bill would allow Washington State University to study if hemp production in the state is feasible and if there is a market for it. The university would report findings to the Legislature in January of 2017.
Moreover, the Kentucky Hempsters, a group of Kentucky natives who educate Kentuckians on industrial hemp processing, and the Hemp Road Trip, another group of hemp advocates who educates others through a grassroots campaign, teamed up this week for an all-day road trip across historical hemp country “in an effort to promote the ample history of the Kentucky hemp industry and educate others about the current initiatives taking place to re-ignite this antebellum industry.”
The Hemp Road Tour is also sponsored by the National Hemp Association. The National Hemp Association (NHA) is a mission-driven, non-profit organization “dedicated to the re-birth of industrial hemp in America which helps connect farmers, hemp processing facilities, manufactures, researchers, investors and policy makers to accelerate the growth of this important industry in the United States.” To join the National Hemp Association, click here.
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Watch as Hemp, Inc., the #1 leader in the industrial hemp industry, engages its shareholders and the public through each step in bringing back the hemp decorticator as described in the “Freedom Leaf Magazine” article “The Return of the Hemp Decorticator” by Steve Bloom. Freedom Leaf Magazine, a leading cannabis industry magazine is published by the public company, Freedom Leaf Magazine, Inc. “Hemp, Inc. Presents” is accessible 24 hours a day, 7 days a week, by visiting www.hempincpresents.com. To subscribe to the “Hemp, Inc. Presents” YouTube channel, visit: http://www.hempincpresents.com.
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HEMP NATION MAGAZINE
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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 is with FutureLand Corp (OTC PINK: 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 there 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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Investor Relations – Ken Maciora