Industrial Hemp Producing Solid Revenue Opportunities for
Cannabis & Agriculture Industries; Company Announces Product
Sales of Raw Kenaf
Coral Springs, FL -- May 16, 2016 -- InvestorsHub NewsWire
-- The Cannabis industry's applications continue to grow with
the increasing demand for hemp-based and other natural fiber
composite products. U.S. consumers are likely to find kenaf fiber
in carpet backing and padding, a fiber mat in automobiles, biofuels
applications while the US government is starting to recognize the
difference between marijuana and hemp. Legislation is being passed
in many states to allow industrial hemp with a THC content of 0.3%
or less to be grown in research studies.
In hemp operations of importance in the markets today: As Hemp,
Inc.'s (OTC:
HEMP) multi-purpose industrial hemp decortication facility
nears completion, executives are shifting their focus to sales and
marketing and are pleased to announce the sale of approximately
7,000 pounds of raw Kenaf to a Tennessee company involved in the
biofuel industry. According to David Schmitt, COO of Hemp, Inc.'s
wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM),
the company purchased the raw kenaf for testing and evaluation. "We
are extremely optimistic that this sale will lead to even more
sales of our raw kenaf," said Schmitt. "We are also currently
working with several Fortune 500 companies on various projects
involving either kenaf or industrial hemp." Last week's sale of
kenaf (a cousin plant to hemp in the hibiscus family) has
definitely kicked Hemp, Inc.'s product sales into action. Schmitt
says the company is currently negotiating a five-million-pound
potential sale of raw kenaf. "We received a serious inquiry and
price request for five million pounds of the raw kenaf we have on
hand. If we finalize this sale, we could be looking at
$1,250,000."
Read the full Hemp Inc. (HEMP) Press Release
at: http://www.financialnewsmedia.com/profiles/hemp.html
Schmitt went on to say, "We are in a very advantageous position
because Industrial Hemp Manufacturing, LLC is the only company in
America with millions of pounds of kenaf on hand, ready to sell and
we are the largest facility capable of outputting forty million
pounds per year. Not to mention, we have 400 acres of kenaf planted
this year, but if we sell more, we plan to increase this year's
planting from 400 acres to approximately 2,000 acres." Once the,
now fully funded, North Carolina Industrial Hemp Commission creates
the guidelines for the cultivation of hemp, Hemp, Inc. will kick
its hemp fiber sales into high gear and process massive quantities
for distribution... an easy feat for the 70,000 square foot
commercial multi-purpose industrial hemp decortication facility.
Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP) said, "Right now, we
are focused on kenaf. That is what we are planting now. However,
next year we expect to plant hemp."
The raw kenaf is one of the company's six initial products for
sale. SpillSuck, another one of the six products, is available for
sale now. It is a super absorbent, environmentally friendly product
made from the core of kenaf and hemp plants which is considered one
of the world's most absorbent natural materials. It's generally
used for oil, chemical and other liquid spills. It's easy to handle
and is thirty times more absorbent than clay. As mentioned in Hemp,
Inc.'s previous press release, 25,000 pounds of SpillSuck are in
the final stages of packaging.
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.
In other industry developments of note: HempTech Corp. (OTC:
HTCO), a provider of advanced Controlled Environment
Agriculture (CEA) with sophisticated automation and analytical
tools for the cultivators of legal industrial hemp and cannabis,
announces today that it has signed an exclusive MVA (Master Vendor
Agreement) with Tinkerer's Obsession Labs (TOL) to be an exclusive
provider of containerized grow systems (grow.droid II) for TOL in
the following jurisdictions: Alaska, Continental United States and
First Nations in Canada. TOL agrees to purchase from HempTech a
minimum of 1000 "grow.droid II" systems between 2016 and 2022,
primarily to satisfy the growing needs of the people of the Indian
Reservations. HempTech has also signed an exclusive agreement with
FutureLand Corp (OTC: FUTL) to obtain financing and consultation
support for the life of the MVA agreement to better service the
agreement with TOL. HempTech will compensate FutureLand through
revenue sharing on the project.
Medical Marijuana, Inc. (OTC:
MJNA) announced this month to shareholders and the public that
the Brazilian government has approved its hemp cannabidiol (CBD)
oil product Real Scientific Hemp Oil (RSHO) from HempMeds Brasil
for a fourth indication for import as a prescription medication for
the treatment of cancer. The first three indications approved for
HempMeds Brasil to import are: epilepsy, Parkinson's disease and
chronic pain. "We are right now tempering our excitement because
this is a process and it needs to be approached carefully and
scientifically," states Dr. Stuart Titus, CEO of Medical Marijuana,
Inc. "The opportunity within Brazil may open doors for the Company
to explore our RSHO product as an adjunctive, potentially
post-chemotherapy prescription medication, by assisting patients
with their recovery. Further, this may even allow us to enter into
pre-clinical work to see if there may be merit for botanical
cannabis and its derivatives as a primary treatment option for
certain types of cancers in those places in our world that may
allow such alternative and integrative treatment options."
Greengro Technologies, Inc. (OTC:
GRNH), a world class provider of ecofriendly green
technologies, announced in late April 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.
GW Pharmaceuticals plc (NASDAQ: GWPH), a biopharmaceutical
company focused on discovering, developing and commercializing
novel therapeutics from its proprietary cannabinoid product
platform, announced that Justin Gover, GWs Chief Executive Officer,
will present at the 2016 UBS Global Healthcare Conference on
Tuesday, May 24, 2016, at 8:00 a.m. (EDT) at the Grand Hyatt Hotel
in New York City. A live audio webcast of the presentation will be
available through GWs corporate website in the investor relations
section from the investors calendar of events page at
www.gwpharm.com. A replay will be available soon after the live
presentation..
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