Hemp, Inc. (HEMP) Announces First Industrial Hemp Fiber Customer Ahead of Impending Launch of Hemp Processing Plant
Just over two weeks ago, Hemp, Inc. announced the long-awaited legalization of hemp in North Carolina, the home state of its multi-purpose industrial hemp processing facility. In that release, the company outlined plans to support the local agricultural industry while encouraging non-GMO, certified organic hemp production. Yesterday, Hemp, Inc. gave prospective shareholders a preview of the tremendous market potential of this sustainable business model when it announced the execution a definitive agreement to sell its industrial hemp fiber to Hemp Blue, a premium hemp denim apparel brand. Hemp, Inc. is currently in the final stages of preparation at its processing facility, and its hemp processing operations are expected to commence in the second half of 2016.
“This is part of our long-term planning,” Bruce Perlowin, chief executive officer of Hemp, Inc., stated in a news release. “These are the kind of long-term, cutting edge companies that we believe will not only provide substantial revenue to Hemp, Inc., by purchasing our fiber, but also add great value to Hemp, Inc.”
Hemp Blue’s Kickstarter campaign highlights the clothing brand’s ambitious goals, which fall squarely in line with those of Hemp, Inc. Moving forward, the two companies will continue to spread the word about the benefits of hemp and support the rising movement to legalize industrial hemp farming across the country. This eco-friendly message has resonated with Hemp Blue’s target audience, as the brand has already received pledges for over two-thirds of its funding goal on Kickstarter since beginning the campaign earlier this month.
“Hemp Blue represents our fight for the legalization of hemp as a legal resource in the U.S. and the whole world,” Robin Lane, co-founder of Hemp Blue, stated. “We are starting the movement toward a more sustainable future.”
In addition to adding the business as its first customer, Hemp, Inc. also announced that it is currently a shareholder in Hemp Blue. Through this investment, as well as the company’s ongoing retail efforts through Hempify.com, Hemp, Inc. is establishing a formidable strategic foothold in the rapidly expanding retail segment of the industrial hemp market. In 2013, the total retail value of hemp products sold in the U.S. was estimated at $581 million, an increase of 26.5 percent over the previous year, according to the Hemp Industries Association.
As the nationwide hemp movement continues to pick up steam, Hemp, Inc. is set to benefit from the operation of the largest industrial hemp processing facility in North America. For prospective shareholders, the company’s agreement to sell hemp fiber to Hemp Blue could foreshadow an opportunity for Hemp, Inc. to realize significant financial growth in the years to come.
For more information, visit www.hempinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Just over two weeks ago, Hemp, Inc. announced the long-awaited legalization of hemp in North Carolina, the home state of its multi-purpose industrial hemp processing facility. In that release, the company outlined plans to support the local agricultural industry while encouraging non-GMO, certified organic hemp production. Yesterday, Hemp, Inc. gave prospective shareholders a preview of the tremendous market potential of this sustainable business model when it announced the execution a definitive agreement to sell its industrial hemp fiber to Hemp Blue, a premium hemp denim apparel brand. Hemp, Inc. is currently in the final stages of preparation at its processing facility, and its hemp processing operations are expected to commence in the second half of 2016.
“This is part of our long-term planning,” Bruce Perlowin, chief executive officer of Hemp, Inc., stated in a news release. “These are the kind of long-term, cutting edge companies that we believe will not only provide substantial revenue to Hemp, Inc., by purchasing our fiber, but also add great value to Hemp, Inc.”
Hemp Blue’s Kickstarter campaign highlights the clothing brand’s ambitious goals, which fall squarely in line with those of Hemp, Inc. Moving forward, the two companies will continue to spread the word about the benefits of hemp and support the rising movement to legalize industrial hemp farming across the country. This eco-friendly message has resonated with Hemp Blue’s target audience, as the brand has already received pledges for over two-thirds of its funding goal on Kickstarter since beginning the campaign earlier this month.
“Hemp Blue represents our fight for the legalization of hemp as a legal resource in the U.S. and the whole world,” Robin Lane, co-founder of Hemp Blue, stated. “We are starting the movement toward a more sustainable future.”
In addition to adding the business as its first customer, Hemp, Inc. also announced that it is currently a shareholder in Hemp Blue. Through this investment, as well as the company’s ongoing retail efforts through Hempify.com, Hemp, Inc. is establishing a formidable strategic foothold in the rapidly expanding retail segment of the industrial hemp market. In 2013, the total retail value of hemp products sold in the U.S. was estimated at $581 million, an increase of 26.5 percent over the previous year, according to the Hemp Industries Association.
As the nationwide hemp movement continues to pick up steam, Hemp, Inc. is set to benefit from the operation of the largest industrial hemp processing facility in North America. For prospective shareholders, the company’s agreement to sell hemp fiber to Hemp Blue could foreshadow an opportunity for Hemp, Inc. to realize significant financial growth in the years to come.
For more information, visit www.hempinc.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
