Take Action On Hemp Legislation Before Jan 27 2017
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Posted On: 01/24/2017 9:29:03 PM
Take Action On Hemp Legislation Before Jan 27 2017
Hemp Inc is an industrial hemp play that often gets lumped in with the cannabis sector. At present, the stock has been rallying as markets digest a new report from the North Carolina Industrial Hemp Commission (NCIHC). HEMP management (ie, Bruce Perlowin) continues to voice its confidence in the path forward for Hemp growing in North Carolina, where the company has assembled its production base.
According to the recent release, the NCIHC is only a few weeks away from finalizing the rules and regulations on the cultivation of hemp in North Carolina since it last convened on December 22, 2016. According to the article NC Nears Finalizing Rules Regarding the Growing of Hemp, published 1/12/17 on wncn.com, “about 80 people interested in the hemp industry attended a public forum to comment on the proposed rules” last week. The commission will accept written comments about the rules through January 27, 2017
Hemp Inc was founded in 2008. According to company information, the company’s long-term goal is “to be the leader in the industrial hemp industry in America”.
The company understands its mission to be a provider of “green solutions that help make the world a better place to live. We support products that are eco-friendly, organic, healthy, and solutions that replace many petroleum-based products.”
The narrative the company spins includes the idea that “In a forward-thinking move, Hemp, Inc.’s wholly owned subsidiary Industrial Hemp Manufacturing, LLC purchased the largest decortication plant in North America, which is located in Spring Hope, North Carolina. The plant is housed in a 70,000,000 square foot warehouse on 9 acres. The company will start producing fiber, loss circulation materials (LCM) and absorbents from kenaf and later from hemp.”
That narrative continues forward to include the concept that “Hemp, Inc. will produce a product for drilling rigs called “lost circulation material” (LCM), which is used for maintaining the seals when drilling for water, oil, gas, and any other liquid or gas. This product alone is capable of producing millions of dollars in revenue, since some of the largest oil companies in the world will be our primary customers.”
“Eventually, the company will produce fiber materials for the paper and fabric industries, and other industries that utilize materials from hemp to make products such as plastics, building materials, health and beauty related products and more.”
Hemp, Inc. has stated that it plans to purchase, acquire and/or joint venture with complimentary companies across various sectors of the hemp industry in an effort to “build a portfolio of synergistic businesses that will bring Hemp, Inc. cash flow, revenues, value, and position us as a leader in the industrial hemp industry.”
According to the release, Hemp, Inc. executives say the spring planting of industrial hemp is contingent on how soon NCIHC finalizes the rules and regulations. However, now that the rules are, at least, on the table “the Commission can go full speed ahead,” said Bruce Perlowin, CEO of Hemp, Inc.
“I believe North Carolina is poised to be the leading hemp growing state in North America and am confident that as the hemp market develops, farmers will see this as a viable alternative crop. Right now, more than 30 nations grow industrial hemp as an agricultural commodity. Once hemp is de-scheduled and removed from the Controlled Substances Act, I believe the tables will turn and the U.S. could be the largest exporter of hemp instead of the largest importer. Moreover, Hemp, Inc. has the infrastructure in place to process hemp on a large scale.”
The chart shows 67% piled on for shareholders of the name during the trailing month. The situation may be worth watching. HEMP has a history of dramatic rallies. In addition, the company has benefitted from a jump in recent trading volume to the tune of a bit less than 150% beyond its prior sustained average level.
At this time, carrying a capital value in the market of $34.5M, HEMP has virtually no cash on the books, which is balanced by virtually no total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view.
Source...
Rules Summary...
Proposed Rules...
Hemp Inc is an industrial hemp play that often gets lumped in with the cannabis sector. At present, the stock has been rallying as markets digest a new report from the North Carolina Industrial Hemp Commission (NCIHC). HEMP management (ie, Bruce Perlowin) continues to voice its confidence in the path forward for Hemp growing in North Carolina, where the company has assembled its production base.
According to the recent release, the NCIHC is only a few weeks away from finalizing the rules and regulations on the cultivation of hemp in North Carolina since it last convened on December 22, 2016. According to the article NC Nears Finalizing Rules Regarding the Growing of Hemp, published 1/12/17 on wncn.com, “about 80 people interested in the hemp industry attended a public forum to comment on the proposed rules” last week. The commission will accept written comments about the rules through January 27, 2017
Quote:and hopes to finalize the rules and regulations next month. (Licenses could be issued as soon as spring.) Once finalized, the Commission will be able to accept applications and issue permits for people to grow hemp as part of the state’s pilot program.
Comment by contacting Christina Waggett, 1001 Mail Service Center, Raleigh, NC 27699-1001, email Christina.waggett@ncagr.gov
Hemp Inc was founded in 2008. According to company information, the company’s long-term goal is “to be the leader in the industrial hemp industry in America”.
The company understands its mission to be a provider of “green solutions that help make the world a better place to live. We support products that are eco-friendly, organic, healthy, and solutions that replace many petroleum-based products.”
The narrative the company spins includes the idea that “In a forward-thinking move, Hemp, Inc.’s wholly owned subsidiary Industrial Hemp Manufacturing, LLC purchased the largest decortication plant in North America, which is located in Spring Hope, North Carolina. The plant is housed in a 70,000,000 square foot warehouse on 9 acres. The company will start producing fiber, loss circulation materials (LCM) and absorbents from kenaf and later from hemp.”
That narrative continues forward to include the concept that “Hemp, Inc. will produce a product for drilling rigs called “lost circulation material” (LCM), which is used for maintaining the seals when drilling for water, oil, gas, and any other liquid or gas. This product alone is capable of producing millions of dollars in revenue, since some of the largest oil companies in the world will be our primary customers.”
“Eventually, the company will produce fiber materials for the paper and fabric industries, and other industries that utilize materials from hemp to make products such as plastics, building materials, health and beauty related products and more.”
Hemp, Inc. has stated that it plans to purchase, acquire and/or joint venture with complimentary companies across various sectors of the hemp industry in an effort to “build a portfolio of synergistic businesses that will bring Hemp, Inc. cash flow, revenues, value, and position us as a leader in the industrial hemp industry.”
According to the release, Hemp, Inc. executives say the spring planting of industrial hemp is contingent on how soon NCIHC finalizes the rules and regulations. However, now that the rules are, at least, on the table “the Commission can go full speed ahead,” said Bruce Perlowin, CEO of Hemp, Inc.
“I believe North Carolina is poised to be the leading hemp growing state in North America and am confident that as the hemp market develops, farmers will see this as a viable alternative crop. Right now, more than 30 nations grow industrial hemp as an agricultural commodity. Once hemp is de-scheduled and removed from the Controlled Substances Act, I believe the tables will turn and the U.S. could be the largest exporter of hemp instead of the largest importer. Moreover, Hemp, Inc. has the infrastructure in place to process hemp on a large scale.”
The chart shows 67% piled on for shareholders of the name during the trailing month. The situation may be worth watching. HEMP has a history of dramatic rallies. In addition, the company has benefitted from a jump in recent trading volume to the tune of a bit less than 150% beyond its prior sustained average level.
At this time, carrying a capital value in the market of $34.5M, HEMP has virtually no cash on the books, which is balanced by virtually no total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view.
Source...
Rules Summary...
Proposed Rules...
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