UPDATE: Hemp, Inc. Distribution Deal with Quadco,
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Spring Hope, NC, Aug. 24, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today that the company was featured in an article by Colorado Springs Independent regarding Hemp, Inc.’s signing of an agreement with Alaska-based gas and oil drilling services company Quadco LLC to distribute DrillWall™, a loss circulation material (LCM). LCM is a term for substances added to drilling fluids when drilling fluids are being lost to the formations downhole.
The Colorado Springs Independent serves the Pikes Peak region of Southern Colorado both in print and online, and its website reaches over 100,000 unique monthly visitors. Hemp, Inc.’s 85,000 square foot industrial hemp processing and manufacturing facility, on 59 acres, in Spring Hope, North Carolina has been operational since August 2017 and creates products for the gas and oil drilling industries, among others.
The article, “Hemp Inc.’s new product makes oil drilling a bit more eco-friendly ,” highlights Hemp, Inc.’s new partnership with Quadco to provide environmentally-friendly products for the gas and oil drilling industries in Alaska. Specifically, Quadco will be exclusively distributing DrillWall™ in Alaska, which is comprised of a proprietary blend of hemp and kenaf. DrillWall™ is non-toxic and biodegradable, and is a mixture of micronized organic cellulose fibers that has been field proven for all types of drilling fluid formulas including water-based fluids (WBM), oil-based fluids (OBM), synthetic based fluids (SBM) and constant rheology fluids (CR-SBM).
The article notes that Hemp, Inc. CEO Bruce Perlowin is already working toward meeting increased demand by expanding the operational abilities of Hemp, Inc.’s existing operations in Spring Hope. The article also discusses Perlowin’s plans to build upon Hemp, Inc.’s success with a focus on the development of cannabidiol (CBD) oil and partnerships with hemp farmers nationwide.
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