Hemp, Inc. (OTC:HEMP) exploded in Friday’s session, closing out at 1-month highs of .015 cents after hitting .016 cents intraday. Traders are feeling a sense of optimism following this last session as the stock has been on a steady downward decline for months. Back in February of 2014, the stock struck .33 cents when momentum struck and the sense of urgency to buy was rather high. Since then, the stock has seen a continued downward slide.
This most recent spike comes off the heels of news announced by the company. Below is a copy of the article posted on by the Dow Jones Newswires regarding the recent developments of the exploding company. Investors should watch for a continued spike in this stock as this is one that can catch extremely quickly and fly to ultra-high levels very fast.
Hemp, Inc. CEO, Bruce Perlowin, Gets First-Hand Look at the Progress of Its Decortication Plant
1 day 3 hours 35 minutes ago – DJNF
Hemp, Inc. CEO, Bruce Perlowin, Gets First-Hand Look at the Progress of Its Decortication Plant
LAS VEGAS, July 14, 2015 (GLOBE NEWSWIRE) — Hemp, Inc. (OTC:HEMP) releases first July video update on the progress of its decortication plant in Spring Hope, North Carolina as it continues to gain momentum. The most recent video, which will be available today on http://www.HempIncPresents.com, will share what has transpired since the last June update. According to the new video footage taken this past week, Hemp, Inc.’s decortication line is about 60% complete from being installed.
Thus far, the company has completed the rebuild of the second structural breaker for the Temafa decortication line. The structural breaker is responsible for stripping the fiber from the core of the plant. The main components of the structural breaker are the ‘teeth’. These ‘teeth’ (square metal pieces attached to the drum roller of the structural breaker) have been welded and reshaped to specification. David Schmitt, COO of Hemp, Inc. subsidiary, Industrial Hemp Manufacturing, LLC, says that by the end of week, they expect the first 150 feet of the decortication line to be fully installed, meaning laser-lined, leveled and bolted to the concrete floor.
“Our hand-picked team of skilled labor has been instrumental in keeping us on track. The executives of Hemp, Inc. have been adamant on ensuring the shareholders fully understand where the company is headed in this fast-growing industrial hemp industry and how much of an impact Hemp, Inc.’s decortication facility will have on the American farmers and the American economy,” said David Schmitt, COO of Hemp, Inc.’s subsidiary, Industrial Hemp Manufacturing, LLC.
To date, there are only five decorticators of this magnitude in the world. Hemp, Inc. owns the only one, of this scale, in the United States. “Once in operation, the American hemp farmers will have access to the largest natural fiber manufacturing and processing facility in North America for their crops,” said Bruce Perlowin, CEO of Hemp, Inc.
“Frequent internal assessments are conducted to ensure every aspect of our Temafa decortication line is prepped for maximum, operational efficiency. But actually seeing the size and scope of the machinery and the progress of it first-hand was absolutely astonishing. Our investment in this decortication machine was the best investment we’ve made,” says Bruce Perlowin, CEO of Hemp, Inc. (OTC:HEMP).
During the visit to the plant, Perlowin and Schmitt also reviewed the blueprint of the plant relative to where they are in the installation process. The largest and more complex component of the Temafa decorticator is the Duvex filtration system which sits at the very end of the over 300-ft line. This component, which holds and processes any remaining fiber that’s left over from the core, has been installed.
“If you’ve been following the evolution of our natural fiber manufacturing and processing facility, you know Hemp, Inc. was progressive enough to take this project on and then make incredible progress with getting it up and running. Since the beginning, this has all been an amazing challenge with the expected obstacles and minor setbacks along the way, but we overcame them and now we’re close to the final stages of being fully operational,” concluded Perlowin.
As stated in the previous press release, the 150 acres of kenaf that was planted this year will be processed at Hemp, Inc.’s decortication plant and it’s what you would call a ‘Super’ strain of kenaf. The Kenaf seed being used is a modified version of the Tainung 2 cultivar. Typically, the Tainung 2 cultivar has produced the highest yields of any Kenaf cultivar in the southern United States. Typical yields have been in the 10,000 pound per acre range.
The modified Tainung 2 cultivar being used this year should produce yields in the 14,000 pound per acre range. During harvest, the yields from each field are closely monitored. Soil types, as well as fertilizer types and quantities of fertilizer applied to each field before planting are also monitored.
“In just under a week, the plant grew from 17 inches to 30 inches tall,” says Perlowin.
HEMP INDUSTRY UPDATES
Here’s a look at more material events just in the past week alone concerning the industrial hemp industry:
1. SCU specialist scientists step up research into cannabis use
SOUTHERN Cross University researchers are boosting their involvement in cannabis research including medicinal use. Director of Southern Cross Plant Science, Professor Graham King, said the University was responding to the increased investment from the public and private sectors for research and development associated with different valuable end uses of cannabis.
Read full article (Source: Coffs Coast Advocate — 7/12/2015)
2. Industrial hemp research now allowed in Virginia
It is now legal to grow industrial hemp in Virginia — but only for some. A new law went into effect July 1 allowing public universities to grow industrial hemp for research in conjunction with the Virginia Department of Agriculture and Consumer Services. Private farms can grow hemp only with a license from the state and a written agreement with a participating university.
Read full article (Source: Roanoke.com — 7/10/2015)
3. Cannabis is Being Used to Build Homes
Until now, the word “weed” within the context of homebuilding has meant something that plagues landscapers or is smoked inside finished homes, not something that builds the houses themselves. But that could be about to change. The New York Times’ Matt A.V. Chaban reports that a new, cannabis-based material called “hempcrete” could be the next trend in homebuilding. The material has been around since the 1980s, reports Chaban, but it’s enjoying new attention now that hemp is in vogue. Chaban writes that it is made from cannabis, lime and water and contains no more than 0.3 percent THC.
Read full article (Source: SmithsonianMag.com — 7/10/2015)
4. Hemp now seen as growth industry
Business is booming for Canada’s hemp industry, but industry experts say it could be on the cusp of even bigger things. “This year is a year of change,” says Jan Slaski, a senior researcher at the government-funded Alberta Innovates Technology Futures who has been studying hemp uses.
Read full article (Source: ChronicleHerald — 7/10/2015)
5. Rhode Island nullifies oppressive government restrictions on hemp cultivation – Throughout history, big industries have lobbied and infiltrated the federal government, steering and influencing policymaker decisions. The federal government is routinely used as a vehicle of force to stifle out competition and prop one industry over another. This crony capitalism corrupts the free market, driving away honest entrepreneurial endeavors in agriculture, energy production and medicine, among other important fields.
Read full article (Source: NaturalNews.com — 7/10/2015)
6. Legislators to discuss hemp oils after break
Reaching a compromise on allowing the use of medicinal hemp oils awaits lawmakers when they return from a 10-day hiatus July 13. A concurrence conference is necessary for House Bill 766, which would permit a pilot study on the use of hemp oils, or extracts, for pediatric and adult patients with intractable epilepsy. Hemp extract comes from a cannabis plant.
Read full article (Source: JournalNow.com — 7/10/2015)
ABOUT HEMP, INC.’S DECORTICATION LINE
Hemp, Inc.’s automated Temafa decortication line, which can be used to process raw hemp and Kenaf for the American farmers, is the only one of its magnitude in North America. The highly coveted decortication line is currently the only commercial, large-scale machine of its kind in North America. According to Perlowin, it would take at least 2 years, minimum, to duplicate the line. Hemp, Inc. and its whole team is committed to the American farmers and plans to continue spearheading a new clean, green American Agricultural and Industrial Revolution based on hemp and hemp products. The decortication and milling plant is housed in a 70,000 square-foot warehouse (with a 6-inch cement foundation and a refrigerated section). Temafa, the manufacturer of Hemp, Inc.’s decortication line, is a leader in the global blending solutions industry with more than 120 years of experience in the manufacturing of fiber opening, cleaning and blending systems.
HEMP, INC.’s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC:HEMP) seeks to benefit many constituencies from a “Cultural Creative” perspective, thereby not exploiting or endangering any group. CEO of Hemp, Inc. (OTC:HEMP), 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 “upstreaming” of a portion of profit from the marketing of their finished hemp goods back to its originator, in which most 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–our triple bottom line approach can be an important tool to support our sustainability goal.
SAFE HARBOR ACT
(MORE TO FOLLOW) Dow Jones Newswires
July 18, 2015 08:58 ET (12:58 GMT)