LAS VEGAS, NV–(Marketwired – Nov 23, 2015) – Hemp, Inc. (OTC PINK: HEMP), a leader in the industrial hemp industry, announced today that sales for the 3rd quarter ending September 30, 2015 increased 53.8% over the 2nd quarter. Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK:HEMP), stated, “The industrial hemp industry is really booming. More states are beginning to realize it is more advantageous for them to legalize it. As you know, North Carolina, home to our industrial hemp commercial decortication facility, legalized hemp. Farmers in North Carolina now have the option to cultivate hemp crops with easy access to Hemp, Inc.’s (OTC PINK: HEMP) multipurpose industrial hemp commercial processing facility.”
The legalization of industrial hemp in North Carolina has been a game changer for Hemp, Inc. The direction of the company has shifted towards more advanced processing in the milling line. Perlowin said the company will still continue to market its hemp-based cosmeceutical and nutraceutical product line. “In terms of generating profit, our multipurpose industrial hemp processing facility in Spring Hope, North Carolinaby far outweighs any sales revenue generated from our product line, which is why we feel it best to shift focus,” said Perlowin.
Hemp, Inc. Sales for 3rd Quarter Ending September 30, 2015 Increased 53.8% Over Last Quarter
According to Aubree Arias, CEO of Green Leaf Joint Ventures, “I believe Hemp, Inc. has a distinct advantage. Not only is its commercial decortication facility the only one in the U.S. that will be able to process raw hemp or kenaf on a large scale, the company is also producing lost circulation material (LCM) for the oil and drilling industries. That’s very lucrative partly because it’s hard to source. I’ve heard of companies having issues with their supply coming from overseas (China, Indonesia, etc.). Currently, the supply chain is not reliable and it’s hard to get a steady supply of raw materials. Hemp, Inc., however, is a local source for LCMs of better quality.”
As the industry continues to boom, Hemp Inc. is expecting millions of dollars in revenue to be generated per year pending the completion of its multipurpose industrial hemp processing plant that vertically integrates growing, decortification, milling, and more. The burgeoning demand for hemp, the plant used for thousands of years that became illegal decades ago, in the United States continues to increase.
Hemp Inc. sales expected to be millions per year from processing plant.
More states are realizing the enormous environmental and economic benefits of industrial hemp. Hemp, Inc. (OTC PINK: HEMP) executives feel their shareholders, potential shareholders and all others should be informed of “industry material events” to keep them informed of hemp legislation and rapidly changing laws in the industry.
If you missed the latest news covering the industrial hemp industry, you’ll find “The Hemp Industry Booms in the U.S.” by Lucie Couillard quite an important, interesting read. Published November 18, 2015 by the New York Daily News, the article says, “Hemp isn’t just for hippies anymore.”
In other news:
Hemp, Inc. announced in their previous press release that it has entered into a definitive 5-year term agreement to sell its industrial hemp fiber from its decortication plant in North Carolina to a premium hemp denim apparel company, Hemp Blue. Hemp Blue, Inc. specializes in environmentally friendly clothing and advocates for the return of agricultural hemp as a sustainable crop in the United States. Hemp Blue will purchase the raw hemp fiber for the production of its hemp denim fabric and manufacture their hemp denim apparel line in the United States all from hemp grown in the United States.
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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 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.
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