October 19, 2015 (www.investorideas.com newswire) Hemp, Inc. has been on a tear in recent months. On the heels of recording its best quarter in company history during the second quarter of 2015, the company has continued to make considerable progress toward the impending launch of its hemp processing plant in Spring Hope, North Carolina. Initially, Hemp, Inc. plans to process kenaf in the 70,000 square foot facility, but recent regulatory action has set the stage for industrial hemp legalization in the near future. Last month, a legislator in North Carolina introduced a bill that, if passed, would commission a pilot program studying the immense benefits of industrial hemp cultivation. Put simply, the movement to legalize industrial hemp is rapidly gaining steam, and Hemp, Inc.’s decortication plant is a big reason for the push.
“The Spring Hope facility will give North Carolina farmers a leg up in this industry,” Representative Jeff Collins, member of the North Carolina House of Representatives and sponsor of the industrial hemp legislation, stated.
The commercial potential of legalized industrial hemp is vast, as the plant can be used to produce more than 25,000 products. From paper, fabric and building materials to high quality health and beauty products, the countless benefits of hemp have ushered in a growing revolution calling for the legalization of a crop that’s production has been banned in the U.S. for more than 70 years.
In preparation for this green revolution, Hemp, Inc. has partnered with Gawk, Inc. (OTC: GAWK), a global innovator of digital technology, in order to enhance its web presence and improve its ability to speak to consumers and investors about its progress during this exciting time. Through this partnership, Hemp, Inc. will be provided with a secure cloud-based platform that can be remotely managed from anywhere in the world with an internet connection.
“Gawk has been materially beneficial to us in our pursuit of informing the public of the many benefits and uses of hemp-based products,” Bruce Perlowin, chief executive officer of Hemp, Inc. stated. “Having our own private cloud infrastructure with Gawk as our strategic partner allows us to focus on our core business with the confidence that our infrastructure is robust.”
Pending unforeseen delays, Hemp, Inc. executives expect the decortication plant to be fully operational before the end of 2015, putting the company in a strong strategic position to bolster its financial performance while preparing to capture a sustainable foothold in the industrial hemp market following legalization. As North Carolina inches closer to this regulatory change, the company is preparing to launch a redesigned website that better communicates its established strategic position in the world of industrial hemp.
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