LAS VEGAS, NV–(Marketwired – Aug 3, 2015) – Hemp, Inc. (OTC PINK: HEMP) officials announced today that Phase One of installation of its decortication plant in Spring Hope, North Carolina has been completed. The company just released a video update which can be viewed onwww.HempIncPresents.com. According to executives, the video shares what has transpired since Hemp, Inc.’s CEO, Bruce Perlowin, visited the facility July 7-11, 2015. According to the new video footage, the remainder of the decortication line is now entirely placed in position.
“American farmers will greatly benefit from being able to process their crops here. We believe hemp should be grown in the U.S.A, processed in the U.S.A. and sold in the U.S.A., and while we await legalization of industrial hemp we can process kenaf for the American farmers and make valuable and beneficial green products,” said David Schmitt, COO of Hemp, Inc.’s subsidiary, Industrial Hemp Manufacturing, LLC.
“There have been major changes just over the course of about three weeks,” says Bruce Perlowin, CEO of Hemp, Inc. (OTCPink : HEMP). OnJuly 14, 2015, Executives stated that process took a little longer than expected, but now with Phase One completed, the company can move forward with Phase 2 of the three phases necessary to bring the plant on-line to process both kenaf and hemp. Shareholders can view Perlowin’s last visit to the plant, as shown on video here, and see how much has transpired in the video today.
There are only five decorticators of this magnitude in the world. “Once in operation, the American kenaf and hemp farmers will have access to the largest natural fiber manufacturing and processing facility in North America for their crops,” said Bruce Perlowin, CEO of Hemp, Inc.
The company’s strategic move to purchase the decortication plant as well as the decision to complete a modest ten to one reverse split, is expected to ensure the company’s future success as it forges ahead.
According to executives, Hemp, Inc. (OTC: HEMP) shareholders maintained the same percentage of ownership while positioning the stock to rise in value as production comes on line. That means, the Hemp, Inc. stock price prior to the reverse split was one and one-third cents per share. After the 10-to-1 reverse split, the shareholder would have one tenth as many shares however, at the new price of thirteen cents per share, thus maintaining the same exact dollar value. No further adjustments in the stock are contemplated.
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. (OTC Pink: HEMP), 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 “upstreaming” of a portion of profit from the marketing of their finished hemp goods back to its originator, in which most cases will one day be the American 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 — our triple bottom line approach can be an important tool to support our sustainability goal.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.