Hemp Inc (OTCMKTS:HEMP)

Hemp Inc (OTCMKTS:HEMP) Stock Explodes After Opening State Of The Art Processing Facility

Hemp Inc (OTCMKTS:HEMP)

Shares of Hemp Inc (OTCMKTS:HEMP) rallied 75.86% after the company announced the opening of a multimillion state of the art cannabis processing facility. The facility is set to supplement the company’s operations in North Carolina, Kentucky, and Colorado where it already has production and processing facilities.

Wednesday’s rally pushed Hemp Inc (OTCMKTS:HEMP) to the upper end of its $0.02-$0.03 trading range waiting to see if the momentum is strong enough to catapult it to 52-week highs of $0.22 a share. The rally came as Investors remained bullish about the company’s growth prospects in the fast growing legal cannabis industry.

Hemp Inc (OTCMKTS:HEMP)
One month daily candlebar chart for HEMP

Growing Extraction Capabilities

Hemp Inc (OTCMKTS:HEMP) has been aggressive in the pursuit of opportunities in the multibillion industry. Recently, the company installed the NuAxon Tech CO2 Supercritical extractor to further enhance its cannabis extraction capabilities. The extractor, reportedly the “gold standard” for the industry, boasts of a large capacity for extracting various therapeutic compounds.

Hemp Inc (OTCMKTS:HEMP) is also in negotiations to form a joint venture with a huge 40,000 square-foot facility capable of producing between 1,000 to 3,000 pounds of CBDs per day.

Hemp Inc (OTCMKTS:HEMP) has also secured the largest industrial hemp mill in the Western Hemisphere. The company has already begun processing and packaging after 3 years of trials. Chief executive officer, Bruce Perlowin has since announced plans to begin marketing efforts for products processed from the milling operations

“[…] However, we have some very huge, potential orders that we have been in discussion with lately including one very large company that wants to purchase the entire productive capacity of our mill’s capabilities including expanding to double or triple its current capacity,” said Mr. Perlowin.

Diversifying Operations

Hemp Inc (OTCMKTS:HEMP) has also planted hundreds of acres of high-quality CBD hemp as it continues to explore ways of diversifying its revenue stream. In North Carolina and Colorado, Hemp Inc. (OTCMKTS:HEMP) has planted 17 acres of one strain of high-CBD clones. Its licensed farming associates have also secured over 150 pounds of a different strain of CBD-rich hemp seeds, which are on course for harvesting in September or October.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $HEMP and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms

Hemp Inc. (OTCMKTS:HEMP)

Hemp Inc. (OTCMKTS:HEMP) Begins Massive Planting

Hemp Inc. (OTCMKTS:HEMP)

Hemp Inc. (OTCMKTS:HEMP) associates are in the process of planting over 550 acres of CBD-rich plants in North Carolina after the firm acquired 150+ pounds of CBD hemp seeds. The CBD hemp plantation will be the largest ever in the U.S. as the company moves to capture a sizeable piece of the growing market.

Hemp Inc. (OTCMKTS:HEMP) Infrastructure

The move to plant more than 550 acres of marijuana in North Carolina comes on the heels of South Carolina legalizing industrial hemp cultivation. The legalization allows Hemp Inc. to more fully utilize its 70,000 square-foot processing facility as it continues to pursue new growth opportunities.

“Hemp, Inc.’s 70,000 square foot industrial hemp processing facility is right in North Carolina so we are ecstatic that South Carolina has joined the other states that have legalized industrial hemp within their borders. As a leader in the hemp industry, Hemp, Inc. will gladly contract with South Carolina farmers to buy most, if not all, of the hemp grown,” said Hemp Inc. (OTCMKTS:HEMP) CEO, Bruce Perlowin.

The recent expansion of the CBD market has prompted Hemp Inc. to strengthen its asset portfolio as it looks to gain a dominant industry position. The fact that the CBD market is expected to grow to over $2.1 billion in annual sales by 2020 presents unique opportunities that the company can tap into on the cultivation front.

Hemp Inc. (OTCMKTS:HEMP) is planning to establish its farming infrastructure across the United States. So far it has bought a hemp baler in North Carolina. The company also spread its hemp clones in Colorado as part of the first phase of its current expansion plan.

In addition to ramping up efforts on the cultivation front, Hemp Inc. (OTCMKTS:HEMP) is investing big on CBD extraction methods. The company is in the process of purchasing its second CBD extractor in addition to the one just purchased from NuAxon Tech.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $HEMP and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading.

Hemp Inc. (OTCMKTS:HEMP)

Hemp Inc. (OTCMKTS:HEMP) Acquires Hemp Extractor As North Carolina Legalizes

Hemp Inc. (OTCMKTS:HEMP)

Shares of Hemp Inc. (OTCMKTS:HEMP) traded higher in the market after the company confirmed it had received a NuAxon Super Critical CO2 hemp extractor at one of its plants in North Carolina. The CO2 supercritical extraction equipment was purchased from NuAxon Bioscience through a joint venture with Freedom Lead Inc.

Hemp Extractor Purchase

Installation of the extractor should be complete over the next 90 days and is expected to go a long way in bolstering Hemp Inc. cannabis extraction capabilities in the state. Reportedly, the large CO2 extractor is one of the most efficient pieces of extraction equipment available in the market. Hemp Inc. (OTCMKTS:HEMP) has already confirmed plans to purchase more NuAxon Tech Industrial Extractors going forward as it seeks to bolster its production processes.

“Generally, the supercritical CO2 method produces a safe, potent end product for its users. By using innovative, technological advances in CO2 extraction, Hemp, Inc. stands to gain a large share of the CBD and industrial hemp market to satisfy end users,” NuAxon In a statement.

The acquisition of the extraction equipment comes at a time when Hemp Inc. is aggressively bolstering its farming infrastructure. The company is currently planning for its first Fall harvest in North Carolina and Colorado.

In view of the expected harvest Chief Operating Officer, David Schmitt, says they are currently looking for two additional extraction units as they look to gain a bigger share of the fast growing marketplace. The company has already acquired a prefabricated clean room that will house the first extraction units. Delivery should be completed over the next four weeks.

North Carolina Legalization Boost

Hemp Inc. (OTCMKTS:HEMP) prospects in North Carolina have received a major boost in the wake of Governor McMaster signing into law a bill that legalizes industrial hemp cultivation. This means is that companies like Hemp Inc. can now apply for licenses to legally cultivate marijuana, develop cannabis-based products, and market them.

“Hemp, Inc.’s 70,000 square foot industrial hemp processing facility is right in North Carolina so we are ecstatic that South Carolina has joined the other states that have legalized industrial hemp within their borders. As a leader in the hemp industry, Hemp, Inc. will gladly contract with South Carolina farmers to buy most, if not all, of the hemp grown, “said CEO Bruce Perlowin.

Hemp Inc. (OTCMKTS:HEMP) stock was up by 5.52% in Thursday trading session, ending the day at $0.0253 a share

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $HEMP and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Hemp Inc (OTCMKTS:HEMP) Reports: Alaska’s Industrial Hemp Bill Passes Senate

Hemp Inc (OTCMKTS:HEMP)

Hemp Inc (OTCMKTS:HEMP) has announced that Alaska is like to be the next state to legalize the industrial use of hemp. In an update to the shareholders, the company’s executive said the Alaska State Legislature passed the Senate Bill (SB) 6 with a unanimous 20-0 vote. The senate Bill seeks to commercialize the use of industrial hemp in the state. The bill will also seek to mirror hemp programs in other states as hemp farmers will be required to obtain a permit.

Senate Bill 8, introduced in 2015, failed at the committee stage. The bill was introduced again earlier this year in a move to diversify the state’s economy. Hemp, Inc CEO Bruce Perlowin said the bill will make way for the return of hemp to the state and added that the company is proud to be part of this effort.

Jack Bennett, the company’s Alaska Hemp Ambassador, was invited to give a public lecture at the Department of Petroleum Engineering and Department of Economics at the University of Alaska Fairbanks (UAF) on behalf of Hemp Manufacturing, LLC, Hemp, Inc.’s fully owned subsidiary engaged in industrial manufacture of hemp. In his speech, Bennett highlighted on how industrial hemp can be part of a solution to the state’s financial crisis. Additionally, he gave some marketing data and insights on industrial hemp as well as the agricultural laws that have so far received a lot of support both in the senate and the house.

In other segment, Missouri House Bill 170 which also seeks to legalize industrial hemp in Missouri passed in the state house by 126 – 26 vote. The bill has passed in the state senate during the first reading. If passed, the bill will give green light to farmers licensed by the state Department of Agriculture to grow industrial hemp. Once passed, the bill will offer farmers an opportunity to exploit the booming economic benefits of hemp. Farmers will be required to get approval from the state Department of Agriculture, undergo a background check and present their crop samples for inspection.

The Kansas House of Representatives also passed Kansas House Bill 2182 which seeks to legalize growth of Kansas agribusiness by developing the industrial hemp industry as well as passing the state agricultural industry growth act. The bill is now waiting to go through the senate.