Hemp, Inc. Announces First Commercial Harvests
Post# of 990
TONOPAH, NV--(Marketwired - Oct 11, 2016) - Hemp, Inc. (OTC PINK: HEMP) is pleased to update shareholders on one of the first experimental hemp crops to be grown in the state of Nevada by Ronald Almadova of Agri-Tech Farms, LLC. Supported by Hemp, Inc. CEO, Bruce Perlowin, the experimental 43-acre hemp crop is one of the first hemp crops to be grown in Nevada since the cultivation of hemp was legalized in the state. Executives Craig Perlowin, Secretary of Hemp, Inc., David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, and William Billings, CEO and Founder of Colorado Hemp Project all visited Almadova's 43-acre hemp crop in Tonopah, Nevada last week and found the results of the experimental grow to be quite impressive given the growing conditions. According to executives, the crop will be ready to harvest by the end of this week.
"We plan to be on-site the day of harvest with media coverage. This grow is a part of history and we're proud to be a part of it. Not only that, we learned a lot from this first hemp grow. This was an experimental grow in an area not commonly known for farming, so this was a very unique situation. To our surprise, it did really well to be grown in high desert climate and it appears a significant amount of seed can be yielded from it, and as you know, the seed can be of great value," said Perlowin.
Typically, hemp can be grown on a wide variety of soil types, however, a mild climate, humid atmosphere and average rainfall are ideal factors for producing an optimal hemp yield at harvest. By this experimental 43-acre hemp crop, in Tonopah, Nevada being grown in less than favorable climate conditions, we were able to see how this lucrative this 'cash crop' would fare in Nevada.
William Billings commented, "I think Agri-Tech Farms will get a lot of demand for the seed. Right now, there's a lot of experimentation with hemp farming going on. Factors such as seed shortages, poor germination rates and just plain inexperience have prohibited many of the farmers from yielding a full crop. You have to remember, hemp farming is a new business area, a relatively new adventure for farmers. Ryan Laughlin was the first farmer to grow a hemp crop back in 2013 on his Springfield, Colorado farm before state hemp regulations were finalized. My first crop was in 2014 and this is 2016 so it's still quite new."
William Billings, commonly known to many as "Wild Bill," has become very knowledgeable in hemp farming. His company, Colorado Hemp Project is "an organic hemp farm consulting agency that works with local farmers and municipalities across the globe to bring certified hemp cultivars and resources to the communities that need it the most with the sole intention of healing the planet by accelerating the establishment of local, sustainable hemp farms and companies everywhere." To read more on Billings' Colorado Hemp Project, visit his website at www.coloradohempproject.com.
Billings continued, "Hemp farming is so important. For instance, a lot of people may not know that hemp can end our voracious dependency on carbon producing, non-renewable resources like fossil fuels, lumber and plastic; and that for every ton of hemp that is produced, 1.63 tons of carbon is removed from the air, making hemp an environmentally responsible crop to grow; or that hemp seed is considered to be one of the most delicious, easily digestible, balanced and complete sources of protein and essential fatty acids found in nature. I could go on and on about the benefits of hemp."
"'The introduction of legalized farming of Industrial hemp in the State of Nevada, will someday prove to be a giant step in the right direction for the benefit of the citizenry of our country. Agri-Tech Farms is among the first companies to plant industrial hemp in Nevada so this is a really big deal for us. This is history in the making. I planted these 43 acres of hemp in early July of this year. When I planted it, I estimated an early October timeframe to harvest and it's about that time now," said Almadova. Ronald "Ron" Almadova's company, Agri-Tech Farms (ATF) is "a farm technology company focused on Nevada's newly approved Industrial Hemp cultivation program."
While Hemp, Inc.'s primary focus remains on bringing its 70,000 square foot industrial hemp processing facility online, the company can see there are lucrative opportunities in growing hemp, especially for CBDs. "Our multi-purpose decortication hemp processing facility is in the final stages of completion, so our first and foremost focus is on getting it operational. Growing hemp is part of our strategic business model and with the success of this first groundbreaking industrial hemp grow, we're really excited to grow more, especially for CBDs," said Perlowin.
According to David Schmitt, the company does have access to land where they can grow industrial hemp in North Carolina. "Cannabis plants bred for industrial hemp produce high levels of cannabinoid, or CBD. We can separate the hemp plants from the flowering plants to isolate them for their medicinal properties. After conferring with Bill, we realize this would be a great opportunity for Hemp, Inc. to take advantage of and capitalize on it. We already have the infrastructure to grow industrial hemp in the short run, maybe even in January. We even have access to two greenhouses."
Schmitt continued, "Once the rules and regulations have been defined and established by the North Carolina Industrial Hemp Commission, we can do an experimental grow for CBDs. Billings says it's definitely possible to do and believes that could be the most profitable venture Hemp, Inc. can embark upon. We can start off with 10 acres of organically grown, low THC, high CBD industrial hemp," said Schmitt.
Partnering with landowners across America, coupled with having the ability to process industrial hemp at Hemp, Inc.'s industrial hemp processing facility will provide unlimited business opportunities for the company.
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