We were just discussing Hemp Inc (OTCMKTS:HEMP) earlier this month when the company announced it was going to be using the NuAxon Tech Industrial CO2 Supercritical Extractor from NuAxon BioScience, manufacturer and the producer of the world class, large capacity CO2 Supercritical Extraction equipment as part of a joint venture with Freedom Leaf, Inc. (OTCQB: FRLF).
The company claims to have the largest hemp processing facility in the Western Hemisphere, where the new machine would be refining massive amounts of hemp oil, but there were some adjustments to be made.
This week Hemp Inc (OTCMKTS:HEMP) has announced that the NuAxon Tech Extractor has officially launched and is in its first phase of operation after its designers helped fine tune the machine’s operation.
David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary Industrial Hemp Manufacturing, LLC, said, “I was extremely pleased with NuAxon BioScience. They not only delivered a superior product but did an outstanding job guiding our team through the testing and debugging phase. Now, we are proud to announce that the NuAxon Tech CO2 Supercritical Extractor is running like clockwork. From the purchase of it, building, delivery, installation and commissioning… it is perfect! There were only a few very, very minor glitches that were resolved.”
Schmitt continued, “Hemp, Inc. is now in position to be a fully integrated high quality CBD manufacturer.” According to executives, full operation of its NuAxon Tech CO2 Supercritical Extractor is a significant step forward in its ability to clone, grow, cultivate and process high CBD plants. The income expected to be generated is substantial. “It basically all boils down to supply and demand. Today, market prices are somewhere in the ballpark of $20,000 per kilo and we have large amounts growing,” said Schmitt.
“This is a very complex piece of machinery that is running smoothly at 4500 PSI, which is supercritical,” says Schmitt. This particular super-critical CO2 method for extraction “employs the use of carbon dioxide placed under high pressure and extremely low temperatures to preserve, isolate, and maintain the purity levels of this medicinal oil.” Most of the industry views this process as expensive. However, this enables Hemp, Inc. to have a huge advantage in the marketplace. They were able to purchase their Supercritical CO2 extraction equipment and learned how to fully operate it for maximum efficiency. The big reward behind it is a superior end product that is potent and safe.
“We have several large marketing partners around the world and in the USA in talks with potential large purchasers of our LCMs and now CBDs,” says Perlowin. “Our ‘hemp/kenaf manufacturing and processing infrastructure’ is in place and our mill is now operating full time creating product from the 18,000,000 pounds of kenaf currently in inventory. Our hemp/kenaf farming infrastructure consists of hemp and kenaf growing in 5 states, farm equipment, cloning rooms, grow rooms, greenhouses and a huge amount of peripheral farming tools and equipment. These four divisions represent a massive buildout of the industrial hemp infrastructure to allow Hemp, Inc. to successfully be one of the leaders in this emerging billion-dollar industry. To make America hemp again is how you make America great again and we are doing exactly that,” concluded Perlowin. (Source: Marketwired)
It certainly seems like an exciting time for HEMP, but the fact remains that HEMP shares lost a fair bit of their value this summer, and have a long way to go to return to the levels that it recorded early on in 2017. We’ll be interested to monitor its progress. Stay locked to Street Register for updates, and we’ll deliver important developments on HEMP as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in HEMP stock, short or long.