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4-Traders Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Hemp Inc    

HEMP INC
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Hemp Inc :. hopes to hit on 550-acre crop

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10/16/2017 | 08:49am CEST

Hemp Inc. recently announced that the company has begun harvesting 550 acres of North Carolina-grown hemp and later kenaf, a cousin plant to industrial hemp.

“This is the first time in over 80 years that viable hemp seed grown in North Carolina is available,”said Bruce Perlowin, CEO of Hemp Inc.

The 550 acres of hemp and kenaf belong to both Industrial Hemp Manufacturing LLC, Hemp Inc.'s wholly owned subsidiary, and independent North Carolina farms that are strategic partners with Industrial Hemp Manufacturing LLC. The hemp and kenaf — to be harvested at various locations throughout the state — will be processed and manufactured at Hemp Inc.'s 85,000-square-foot facility in Spring Hope.

“We are very proud to work with local farmers to help them capture the financial benefits of cultivating these highly valuable and sustainable crops which will help ensure the stability of the family farm for generations to come,” Perlowin said. “We are additionally pleased to see our efforts gain increased media exposure as we continue to spread our message about the opportunities this new clean, green agricultural and industrial American revolution is providing for Americans throughout our country.”

The company previously announced its plan to grow 3,000 acres of hemp and kenaf in North Carolina, however, the Drug Enforcement Agency delayed giving the state of North Carolina their hemp permit, thus farmers were not able to get seed in time for this year's planting.

“The delay in getting the green light to start planting negatively affected the amount of acres we believed would yield a successful crop," said David Schmitt, COO of Industrial Hemp Manufacturing LLC. “As a result, we scaled back our plan from planting 3,000 acres to 550 acres. This is still a very substantial 2017 crop. Currently, we plan to plant 3,000 to 10,000 acres in the spring of 2018.”

Anyone interested in purchasing viable industrial hemp seed should contact Sandra Williams at [email protected] These are seeds grown from industrial hemp plants from North Carolina's first hemp seed harvest from certified seed out of Europe. The company expects to have around 100,000 pounds of seed available, which will consist of a mixture of Felina 32, Futura 75 and Carmagnola.

Hemp Inc. is a global leader in the industrial hemp industry with the largest industrial hemp multi-purpose processing facility in the western hemisphere in Spring Hope.

© 2017 Cooke Communications LLC - Rocky Mount Telegram, source Newspapers

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Managers
NameTitle
Bruce Perlowin Chairman, Chief Executive & Financial Officer
Craig Perlowin Secretary
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