Production Of Industrial Hemp to Dramatically Increase
As Demand For Eco-Friendly Natural fiber Continues to
Rise
Coral Springs, FL -- August 10, 2016 -- InvestorsHub
NewsWire -- Industrial hemp known as a hardy and renewable
resource (one of the earliest domesticated plants known) is quickly
becoming a required resource for various industrial applications,
including paper, textiles, and cordage. Sustainable hemp
seed, fiber and oil are being used in raw materials by major
companies, including Ford Motors, Patagonia, and The Body Shop, to
make a wide variety of products as a few select Hemp manufactures
race to increase operations as the demand continues to grow.
Hemp, Inc. (OTC:
HEMP) executives announced today they expect the first 200,000
pounds of Lost Circulation Materials (LCMs) in inventory to go to
market in the next 2 weeks. David Schmitt, COO of Hemp, Inc.s
wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM)
is meeting with specific companies next week to ensure the LCMs
will be ready to go to market. The companys LCMs are
expected to potentially sale for two to three dollars per pound
which could bring in revenue of four to six hundred thousand
dollars. Schmitt has also been overseeing the final stages of
Hemp, Inc.s 70,000 square foot multi-purpose industrial hemp
processing facility and milling operation on 9 acres, in Spring
Hope, North Carolina, that is in the final stages of
completion. "Hemp, Inc. is strategically positioned at the
forefront of the industrial hemp industry and continues to remain
ahead of the curve to be able to process industrial hemp and
manufacture products made from hemp fiber due to its commercial
size and by it being the only one in the United States.
Once the milling machinery is operational, Hemp, Inc. will be able
to produce thousands of pounds of LCMs a day along with other oil
absorbent products," said Bruce Perlowin, CEO of Hemp, Inc.
Read the full Hemp, Inc. (HEMP)
Press Release at: http://financialnewsmedia.com/profiles/hemp.html
According to Schmitt, the first shipment of machinery to finish
the mill is expected to arrive on August 25, 2016 and the
remaining of the machinery will arrive 30 days after the first
shipment. The milling machinery parts that were already in
the warehouse have already been positioned in its permanent
location and will be secured once all the machinery arrives. Our
meeting with the air handler manufacturer, a little over two weeks
ago, went extremely well so we are looking forward to the
shipments. Once the air handler and dust collector are on-site,
we're looking to hire specialized contractors to assist with
securing all of the equipment in place which should save us over 3
to 4 weeks in time. Once the rest of the machinery is here, my best
guestimate would be 3 weeks for us to have both mills operational,"
says Schmitt. Schmitt has also been working with Duke Energy
to install a new transformer because of all the amperage that will
be used. Everything is really coming together nicely.
In other Hemp, Legal Marijuana & Cannabis news and
developments: Medical Marijuana, Inc. (OTC:
MJNA) announced that Penny Howard, a Dallas mom who from her
own volition has become a spokesperson for the Company's subsidiary
HempMeds, was featured on Fox News Channel's Health Talk with Dr.
Manny Alvarez, who interviewed Howard about her daughter Harper's
battle with the rare genetic condition CDKL5. In the Aug. 4
segment, "Harper's Legacy: Family Donates 5-Year-Old's Brain to
Science After Death From Rare Condition," Howard tells Dr. Alvarez
about how her family found out about HempMeds Real Scientific Hemp
Oil (RSHO) after weeks and weeks of research online.
Terra Tech Corp. (OTC:
TRTC), a vertically-integrated, cannabis-focused agriculture
company, last week announced the Grand Opening of its latest Blm
retail dispensary, to be located on 3650 South Decatur Boulevard,
Suite 6 & 7, Las Vegas, Nevada, will be held on August 20,
2016. This is Terra Tech's second retail location in Nevada and
follows the opening of the Western Las Vegas Dispensary in April
2016. The Company also operates a Blm dispensary in Oakland,
California.
Cannabis Science, Inc. (OTC:
CBIS), a U.S. company specializing in the development of
cannabis-based medicines, earlier this month announced they are in
the final stages of escrow to transfer the 20-acre Northern
California cultivation property into its name and commence
indoor/outdoor cultivation and production on the land. This is
another separate property the Company has secured for cultivation,
production, and extractions for its proprietary formulations.
22nd Century Group, Inc. (NYSE: XXII), a plant
biotechnology company that is a leader in tobacco harm reduction,
released the Companys second quarter 2016 financial results and
announced that it will provide a business update for investors on a
conference call to be held on Wednesday, August 10th,
at 4:00 PM (Eastern Time). Henry Sicignano, III,
President and Chief Executive Officer of 22nd Century Group,
together with John T. Brodfuehrer, Chief Financial Officer, will
conduct the call. Interested parties are invited to participate in
the call by dialing 800-768-6570 and using Conference ID
8455411.
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