Hemp, Inc. Announces Largest Industrial Hemp/Kenaf Sale to Date
February 17 2023 - 11:18AM
InvestorsHub NewsWire
LAS VEGAS, NV -- February 17, 2023 -- InvestorsHub NewsWire --
Hemp, Inc. (OTC
PINK: HEMP) announces its largest industrial product sale to
date. Four semi-trucks hauled 120,000 pounds of Hemp, Inc.’s
DrillWall™, the only all-natural kenaf/hemp Loss Circulation
Material (LCM) blend of its kind on the market, for the oil
and gas well drilling industries. The sales
agreement was initially signed at the end of 2019 through
Hemp, Inc.’s subsidiary, Industrial Hemp Manufacturing, LLC, (IHM),
and was set to sell 1 million pounds worth of DrillWall™ over the
course of one year. However, due to the COVID-19 global pandemic
rearing its ugly head (or ugly
spikes), there was a disruption in the distribution.
“We are back on track with distribution under this agreement and
we are also (separately) negotiating a substantial order for
literally everything we have at our processing facility in North
Carolina,” says Gary Perlowin, CEO of Hemp, Inc. There are
444,000 pounds of Spill-Be-Gone™ (an oil spill cleanup product made
from the core particles and powder of the kenaf and hemp plant) and
750,000 pounds of raw kenaf bales that can be turned into
Spill-Be-Gone™ in a 60-day period. Farmers are also on
standby, ready to grow more kenaf this year in order to keep a
continual supply.
On a cost-performance basis, DrillWall™ is superior to most LCMs
in the marketplace and is the best option for buyers looking for
non-toxic alternatives for their operations. Specifically,
DrillWall™ is made of kenaf and hemp cellulose. It also
includes milled products from kenaf and hemp that are made into oil
drilling fluid additives and oil absorbents. Thus, there has been a
sea of interest in DrillWall™ and Spill-Be-Gone™ (and their raw
materials) over the past several months so the Company is expecting
ample activity at the plant in North Carolina.
As one of the pioneers in the hemp industry, Hemp, Inc.’s
foothold runs 14 years deep. The Company has facilities on the east
and west coast and offers the broadest range of industrial hemp
products. In addition to the DrillWall™ and Spill-Be-Gone™
mentioned above, Hemp, Inc. also has its full line of CBD/CBG/CBN
that includes CBD-CBG Topical Pain Relief Roll-on, CBD/CBG Natural
Coffee Enhancers, CBD/CBG Tinctures, and CBDa/CBGa/CBD/CBG/CBN
Capsules. Hemp, Inc. also has the means to produce hempcrete, horse
bedding, hemp bio-plastics, and more. For more information on Hemp,
Inc.’s products, click here.
We expect 2023 to be a banner year in terms of generating
income.
About Hemp, Inc.
With more than 10 years of experience in growing and processing
hemp in North America, Hemp, Inc. has an established network of
industry professionals in every segment of the industrial hemp
industry. Hemp, Inc.’s 85,000-square-foot facility on over 9 acres
in Spring Hope, N.C. is one of the largest industrial multipurpose
hemp processing facilities in North America. Its mission of
providing green solutions that help make the world a better place
continues to flourish as the company advances an ever-growing
portfolio of revenue and value-generating synergistic businesses.
Hemp may be the salvation in retooling America for greener, more
sustainable domestic manufacturing.
The Company will continue to keep its shareholders up to date on
all pertinent material events, product releases, production plans,
and inventory availability. Those interested in distributing on a
large-scale basis should email sales@hempinc.com or call
877-436-7564 for more information.
Forward-Looking Statements
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and is subject to the Safe Harbor
created by those sections. The Securities and Exchange Commission
(SEC) requires issuers to provide “adequate current information”.
Financials for Hemp, Inc. are listed on the OTC Exchange. More
information can also be found on the Hemp, Inc. website by
visiting www.hempinc.com/hemp-financial-disclosures/. The
material contains statements about expected future events and/or
financial results that are forward-looking in nature and subject to
risks and uncertainties. Such forward-looking statements involve
risks and uncertainties.
Contact: Hemp, Inc.
ir@hempinc.com /
(855) 436-7688
Sales: (877) 436-7564
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