Hemp Operations Picking Up Steam In Cannabis & Agricultural Industries With Demand For Hemp-Based Products Continuing To Skyrocket at a Brisk Pace
Coral Springs, FL -- May 4, 2016 -- As the U.S. continues to develop and import a vast of amount of hemp based materials & products, the conversations around hemp are changing as supply and demand for industrial hemp products present impressive growth opportunities for developers and operators. Hemp/Cannabis companies with current developments of note in the markets today are Hemp, Inc. (OTC: HEMP), Medical Marijuana, Inc. (OTC: MJNA), Terra Tech Corp. (OTC: TRTC), CV Sciences, Inc. (OTC: CANV) and Greengro Technologies, Inc. (OTC: GRNH)
Hemp, Inc. (OTC: HEMP) executives announce that its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), a soon-to-be leading producer of quality natural fiber and other cellulose based products for major growth markets, is set to release its first product in the marketplace... an environmentally friendly absorbent, SpillSuck. The super absorbent biodegradable material is made from the core of kenaf and hemp plants and is one of the world's most absorbent natural materials used primarily for oil, chemical and other liquid spills. David Schmitt, COO of Industrial Hemp Manufacturing, LLC, informed Hemp, Inc. executives that the company's first 25,000 pounds of SpillSuck are in the final stages of packaging, after which the product will be ready for market. "This is a big deal for Hemp, Inc. (OTC PINK: HEMP) because this is our first environmentally friendly product-to-market from our decortication plant in Spring Hope, North Carolina. While our subsidiary, IHM, has been making excellent progress in getting our decortication plant fully operational, we are extremely pleased we were able to churn out the first 25,000 pounds of SpillSuck from the mill portion of our facility to go to market," said Bruce Perlowin, CEO of Hemp, Inc.
Read the full Hemp Inc. (HEMP) Press Release at: http://www.financialnewsmedia.com/profiles/hemp.html
According to Schmitt, twenty-five thousand pounds are currently being bagged for market delivery. "In the next 2 to 3 weeks, we expect to have another 100,000 pounds ready and 2 - 3 weeks after that, we expect to have 50,000 pounds ready for market delivery. Once in full production, our target is one to three million pounds per month," says Schmitt... Also... With an array of natural, environmentally friendly products to come and the largest commercial decorticating plant in the United States, Hemp, Inc. has positioned itself as a leader in the agricultural industrial hemp industry that has emerged. As Americans continue to gravitate toward more sustainable living, the benefits of industrial hemp are undeniable thus causing the industry to grow by leaps and bounds. So much so that the industry birthed its first business journal. The inaugural issue was published in January, 2016... a clear indication of the growth, desirability and maturity of the industrial hemp industry.
In other Hemp/Cannabis operations, news and recent developments: Medical Marijuana, Inc. (OTC: MJNA) recently announced that the Company and its portfolio company HempMeds participated as exhibitors and speakers at the U-T's Successful Aging Expo on Saturday, April 30 in San Diego. An estimated 8,000-10,000 was expected to attend the event, which is focused on education, entertainment and healthy aging solutions. Dr. Stuart Titus, Chief Executive Officer of Medical Marijuana, Inc., presented on cannabis-based anti-aging research and information on cannabinoids such as THC and CBD that are capturing global news headlines. Dr. Titus also provided insightful facts about non-psychoactive hemp cannabidiol (CBD)-based solutions available to any consumer without a medical marijuana card.
Terra Tech Corp. (OTCQX: TRTC), a vertically integrated, cannabis-focused, agriculture company, announced that its subsidiary Edible Garden, is retailing vitamin and dietary supplement lines throughout the U.S. as part of its ongoing strategy to expand into additional areas of the healthy living industry. Edible Garden's offering now includes the following brands : VitaminWay, Vitamin Whey Protein, SlimTrim, Surgex Sports Nutrition, OmEssentials and Bikini Ready . These brands have an industry leading reputation for quality, which is built on strict adherence to exacting standard of control and regulatory compliance with the FDA's GMPs and NCAA regulations. These vitamins and dietary supplements are already sold in over 5,000 major food, drug, mass and specialty stores across the U.S.
CV Sciences, Inc. (OTCQB: CANV), a company that develops products containing the hemp plant extract cannabidiol (CBD) as the active pharmaceutical ingredient while it also engages in the sale of CBD, as well as the development, marketing, and sale of end consumer products containing CBD, which is refined into its own PlusCBD Oil brand, recently reported financial results for the year ended December 31, 2015. "CV Sciences expanded its corporate mission during 2015, culminating with the acquisition of CanX, Inc., a Florida-based drug development company ("CanX Acquisition") in December 2015. The CanX Acquisition allows the Company to be positioned both as a specialty pharmaceutical company focused on developing and commercializing novel therapeutics utilizing synthetic Cannabidiol ("CBD"); and, to continue our existing consumer product business segment in manufacturing, marketing and selling plant-based CBD products to a range of market sectors," stated Michael Mona, Jr., chairman and CEO of CV Sciences. "Our new pharmaceutical development program builds on our reputation, experience and expertise in CBD to leverage the attributes of CBD to the prescription drug market," continued Mr. Mona. "Our consumer products business segment continued to expand during 2015. Distribution of our branded products increased to 340 retail locations as of December 31, 2015. Our leadership in educating the market about CBD as a dietary supplement, beauty care product, and, as an ingredient for numerous other products from pet foods, vape products and specialty beverages, continues to grow," continued Mr. Mona. "We made excellent progress with sales of $11.5 million for the year ended December 31, 2015 compared to sales of $10.2 million for the year ended December 31, 2014." Read the full report at http://finance.yahoo.com/news/cv-sciences-inc-reports-financial-221236394.html
Greengro Technologies, Inc. (OTC: GRNH), a world class provider of ecofriendly green technologies, announced recently that it has acquired growcameras.com, a revolutionary way to monitor crop health. The Grow Camera is a self-contained, WiFi enabled, five megapixel NDVI camera and temp/humidity sensor. It can be used with most modern DVR equipment that support networked cameras while also featuring monitoring capabilities through Android, iOS, or Windows devices using the mobile application. The Grow Camera NDVI technology is traditionally used in space imaging and weather satellites, and can be used to quantify vegetation health and provide an early indicator to problems in the grow room. As part of the growcamera.com acquisition, Greengro Technologies, Inc. (OTC PINK: GRNH) has also acquired technology to integrate temperature, humidity, CO2, pH, TDS, DO, and light sensors with a database for M&C (Monitor and Control) capability which will be integrated into the company's existing horticultural offerings of modular gro rooms and light dep greenhouses.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at financialnewsmedia.com. Follow us on Facebook: facebook.com/financialnewsmedia and Twitter: twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated three thousand seven hundred dollars for news coverage of the current press release issued by Hemp, Inc. by a non-affiliated third party. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Company: FN Media Group, LLC
Contact email: firstname.lastname@example.org
U.S. Phone: (954)345-0611
Source: FN Media Group