Spring Hope, NC, Oct. 19, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers including the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today the company is featured in an article by InvestorPlace ranking the company number 12 among the top 30 stocks to buy in the cannabis sector. InvestorPlace is an online publication that provides investors with specific, daily investing advice. The article highlights the huge potential for agricultural revenues from hemp and includes comments about Hemp, Inc.’s prospective growth as states continue to legalize hemp.
The article, “30 Marijuana Stocks to Buy as the Future Turns Green,” details the immense opportunity within the cannabis industry, highlighting the most promising investment opportunities. Though Hemp, Inc. is not a marijuana company but only deals with hemp, the editors decided to include it in the roundup due to the huge potential of the burgeoning hemp-derived cannabidiol (CBD) market. The article also highlights the changing public opinion on hemp, noting that the highly-conservative state of Oklahoma recently became the 37th to legalize industrial hemp production.
“Such legislative tailwinds boost firms like Hemp, Inc., which specializes in the cannabis-derivative,” InvestorPlace states. “Moreover, hemp-legalization increases agricultural revenues and employment opportunities.”
The CBD market is expected to hit $591 million this year, and it may grow 40 times this size—to $22 billion by 2022, according to a new report by Brightfield Group.
“We are pleased to see our efforts recognized by InvestorPlace’s roundup of cannabis stocks to buy,” said Hemp, Inc. CEO Bruce Perlowin. “It is an honor to be recognized for our continued role in the growth of the hemp industry, having recently built out the infrastructure of our processing facility in partnership with JNV Farms LLC in Medford, Oregon.”
Hemp, Inc. is already partnering with and/or providing services to local farms in the Medford area which include: harvesting to drying; machine bucking; hand bucking; bagging; curing; storing for up to 60 days or more; nitrogen sparging; machine trimming; hand trimming; extracting; and selling. These services are provided to farms that need a reliable facility to process their hemp.
“We are also thrilled to be improving the Veteran Kins Community in Arizona, which we predict will serve as a highly-strategic location for the processing and distribution of hemp throughout the southwest. We expect that the industry’s growth will continue to accelerate and lead to an agricultural revolution throughout the U.S.,” said Perlowin.
While Hemp, Inc. prepares for the potential impact of the 2018 Farm Bill that would legalize hemp nationwide, lawmakers missed the bill’s initial Sept. 30 deadline. Regardless of when the 2018 Farm Bill passes, Congress has confirmed that the hemp pilot program regime, passed in the 2014 Farm Bill, remains in place. The 2018 Farm Bill includes hemp legalization that is backed by Senate Majority Leader Mitch McConnell. Hemp, Inc. has previously announced its support for McConnell’s introduction of a bill to remove industrial hemp from the federal government’s schedule of controlled substances.
Notably, there are now 40 states in the nation that have legalized hemp. Companies seeking to enter or further develop their footprint in the industrial hemp marketplace are aligning with Hemp, Inc. for the company’s proven expertise and state-of-the-art hemp processing and manufacturing infrastructure in Spring Hope, North Carolina and operations in additional states. Hemp, Inc.’s 85,000 square foot hemp processing and manufacturing facility has been operational since August, 2017.
To read the article, “30 Marijuana Stocks to Buy as the Future Turns Green,” click here.
Hemp, Inc. is also helping to build the industrial hemp infrastructure that was basically non-existent in America. And five years later, it’s still in its infancy as our nation, gradually, embraces industrial hemp as a new emerging multi-trillion dollar industrial agricultural green revolution.
Hemp, Inc. has been building six hemp infrastructures, Divisions One through Six (the 6th Division just launched):
Division One – The Industrial Hemp Infrastructure
Division Two – The Hemp Extraction Infrastructure
Division Three – The Hemp Farming Infrastructure
Division Four – The Hemp Educational Infrastructure
Division Five – The Hemp Marketing Infrastructure
Division Six – Accessories, Products and Services
Division Six is the company’s newest division to be formed which focuses on the sale of hemp accessories such as the sale of extractors, storage bags, containers, fertilizer, soil amendments, humidifiers, dehumidifiers, balers, greenhouses, and greenhouse equipment; the drying, trimming, curing, storing and brokering for other farmers; and ultimately anything else a hemp farmer may need to be successful.
ABOUT LOCAL PROCESSING CENTER, INC.
Hemp, Inc. entered into a majority ownership agreement with JNV Farms LLC for the hemp cultivation and processing company in Medford, Oregon. As the majority owner of the, now fully functional, hemp cultivation and processing company, Local Processing Center, Inc. (LPC), Hemp, Inc. will be able to create a pipeline of industrial hemp and hemp products in states, where legal, on the West Coast. This makes Hemp, Inc. a bi-coastal hemp processing center in America with many more Hemp Local Processing Centers planned for other areas where Hemp is being grown. Thus far, the company has created about 50 jobs in its LPC and also helps create even more jobs for the local farmer. “A to Z” services for the farmers are available – from harvesting to drying, machine bucking, hand bucking, bagging, curing, storing, nitrogen sparging, machine trimming, hand trimming, extracting and selling, creating a “one stop shop” for the small to large family farm. Updates on LPC can be found on Bruce Perlowin’s personal Facebook page beginning October 13, 2018.
ABOUT HEMP, INC.
With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.
SUBSCRIBE TO HEMP, INC.’S VIDEO UPDATES
“Hemp, Inc. Presents” is capturing the historic, monumental re-creation of the hemp decorticator today as America begins to evolve into a cleaner, green, eco-friendly sustainable environment. What many see as the next American Industrial Revolution is actually the Industrial Hemp Revolution. Watch as Hemp, Inc., the No. 1 leader in the industrial hemp industry, engages its shareholders and the public through each step in bringing back the hemp decorticator as described in the “Freedom Leaf Magazine” article “The Return of the Hemp Decorticator” by Steve Bloom.
UPCOMING INTERNATIONAL AND DOMESTIC EVENTS
Across the globe, the hemp industry is rising to astronomical levels. In the wake of the hemp industry projected to grow 700% and hit $1.8 billion by 2020, there has been more education and networking within the industry. That means more events and conferences, thus, Hemp, Inc. has started compiling an ongoing list of upcoming hemp events around the world. Check out the listing of international and domestic events here.
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
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. To clarify the issue of OTC placing a stop sign next to Hemp, Inc.’s stock trading symbol, that symbol indicates Hemp, Inc. does not report their financials. As a non-reporting pink sheet company, Hemp, Inc. is not required to report. The company does, however, choose to publicly report its quarterly and yearly financials on its website. According to the company’s CEO, the OTC stop sign is a misrepresentation of that reporting fact. This 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 by definition involve risks, uncertainties.
Source: Hemp, Inc.