PHOENIX, Oct. 24, 2018 (GLOBE NEWSWIRE) — The Uptick Newswire “Stock Day” podcast keeps investors up to date on the latest penny stock news by bringing transparency in the micro-cap side of the market. Today, Everett Jolly, CEO and host of Stock Day, focuses on the rapidly growing industrial hemp industry in the latest interview with Bruce Perlowin, CEO of Hemp Inc. (OTC:HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers which includes the largest multipurpose industrial hemp processing facility in the western hemisphere, located in North Carolina.
Success in this rapidly growing industry will be determined by know-how and speed. And that’s just what Bruce Perlowin is bringing through Hemp, Inc. Jolly opened the interview with Perlowin’s daily, informative video posts on social media. Perlowin posts daily video updates on the company’s progress on his personal Facebook page to keep his followers and investors informed about the company.
“I put them up on Facebook, and what you don’t get is a press release of me telling you what we are doing. Instead, you get a video of me showing you what we’re doing. Quite frankly, I do it because I’m pretty impressed with what we are doing.”
Perlowin also talked about their 85,000 square foot industrial hemp processing facility, on over 59 acres in Spring Hope, North Carolina. It has been up and running for over a year and is shipping out biomass and kenaf by the semi-load, indicating that production and sales are full speed ahead.
“We are focused on building the hemp infrastructure for ourselves and for the farmers. This is the first infrastructure (Division One), which is the largest industrial hemp processing facility in the western hemisphere. It is completed and has been running for over a year. Now, I’m focusing on the extraction and farming infrastructure (Division Two and Three).”
Jolly asked Perlowin what kind of revenues does the company expect. Perlowin explained that the processing facility in North Carolina has been selling ground hemp and kenaf, regularly, to the oil and gas industry for over a year at $2.50 a pound. Quite impressive.
“For hemp right now, it’s harvest time. You harvest it, you dry it for a week, you cure it for a week or two and then you package and sell it. In our case, we focus on making pre-rolls and hemp buds that are high in CBD. CBD is the fad and all the rage across America. People also starting smoking it about a year ago, not to get high, but to get healed.”
Oregon is also a burgeoning state in the industrial hemp industry. Jolly asked Perlowin about its Oregon-based processing facility, Local Processing Center Inc. (LPC). In case you missed the announcement, Hemp, Inc. announced on Sept. 6th that it had entered into a majority ownership agreement with JNV Farms LLC for the Medford, Oregon-based LPC.“The joint venture with JNV Farms will focus on the Farming Infrastructure (Hemp, Inc.’s Division Three).”
For a bit more background information on Hemp, Inc.’s Local Processing Center, it consists of 8 greenhouses that are about 3,000 square feet each. The greenhouses are used for drying, at harvest time and sprouting new hemp plants in the spring. Since curing and storage need to be done in a controlled environment (for temperature and humidity), a steel building is used. According to Hemp, Inc. executives, this building is very effective and they are building another one which will be completed soon. The company expects it to be a “cookie-cutter” model that can be duplicated all over America through joint ventures. Does anyone need more convincing that Hemp, Inc. is leading the way? Just wait to see what this will do to their bottom line. Not to mention, Perlowin said that in just 90 days, they built the 8 greenhouses and the 2 buildings that are already processing hundreds of thousands of pounds of hemp.
They recently began processing the first two harvests which is more than 100,000 pounds of industrial hemp from the first two of many farms they have contracted with in that area. According to executives, Hemp, Inc. is currently creating strategic partnerships with farmers across Oregon to provide them with services including drying, curing, trimming, packaging and storing and selling their industrial hemp.
Jolly then asked Perlowin about Hemp, Inc.’s project in Arizona with the 500-acre Veteran-Village “Kins” Community that will grow hemp and produce CBDs. Their 500-acre strategic growing partner, Veteran Village Kins Community, in Golden Valley, Arizona, is also designed to grow hemp and produce cannabidiol (CBD) products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village and individual veterans living in the community.
“That’s a giant project. The idea is that you grow 500 acres, then you transition, little by little, into a community. This community is for veterans. It’s to rehab the veterans, to teach them how to grow hemp, to teach them a new way of making money.”
The basic framework or overall plan of the Veteran Village Kins Communities is to create a holistic healing and learning center that is designed to educate and heal veterans with PSTD, alcoholism, meth addiction, opioid addiction, and other psychological conditions while at the same time training them on the numerous aspects of being part of the emerging multi-billion dollar hemp industry.
According to Perlowin, one thousand trees, on 36 of the 500-acres, have also been planted, with an additional 1,000 trees on order and retaining ponds. The “Veteran Village Kins Community” will include a 100,000-square foot GMP compliant, central processing plant, a state-of-the-art testing laboratory, and various health and wellness centers to support veterans who may have psychological, emotional or health issues. They are also growing kenaf. With well over $1 million dollars’ worth of heavy equipment working on site, the project is coming along fine.
“We are growing kenaf, which is similar to hemp, because we can’t legally plant hemp yet. We’ll have live streaming video going up soon so people can watch this hemp growing veteran’s village industry emerge out of the desert. It’s very impressive.”
Hemp, Inc. has been helping to build the industrial hemp infrastructure that was basically non-existent in America. It has six hemp infrastructures, Divisions One through Six (the 6th Division just launched):
Division One – The Industrial Hemp Infrastructure
Division Two – The Hemp Extraction Infrastructure
Division Three – The Hemp Farming Infrastructure
Division Four – The Hemp Educational Infrastructure
Division Five – The Hemp Marketing Infrastructure
Division Six – Accessories, Products and Services
Division Six is the company’s newest division to be formed which focuses on the sale of hemp accessories such as the sale of extractors, storage bags, containers, fertilizer, soil amendments, humidifiers, dehumidifiers, balers, greenhouses, and greenhouse equipment; the drying, trimming, curing, storing and brokering for other farmers; and ultimately anything else a hemp farmer may need to be successful.
If you want to hear more from the interview with Stock Day, listen here: https://upticknewswire.com/
ABOUT HEMP, INC.
With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.
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Phone: (855) 436-7688
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. To clarify the issue of OTC placing a stop sign next to Hemp, Inc.’s stock trading symbol, that symbol indicates Hemp, Inc. does not report their financials. As a non-reporting pink sheet company, Hemp, Inc. is not required to report. The company does, however, choose to publicly report its quarterly and yearly financials on its website. According to the company’s CEO, the OTC stop sign is a misrepresentation of that reporting fact. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties.
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Source: Hemp, Inc.