It’s been about a month since we last touched upon Hemp Inc (OTCMKTS:HEMP) here on Street Register, so we wanted to come back around today to discuss a couple significant recent developments.
HEMP is another one of those multi-faceted cannabis companies, and we’ve found, that many of the most interesting players in the space fit that same M.O. There are a multitude of subsectors with the cannabis sector as a whole, and the newly-developing nature of the business lends itself to creating an advantage for those companies with multiple irons in the fire.
Firstly, Hemp Inc (OTCMKTS:HEMP) recently revealed that it has received all brand new, state-of-the-art components of the cannabidiol (CBD) post processing equipment to complete the Company’s hemp oil extraction infrastructure.
“The completion of our hemp oil extraction infrastructure will allow us to ramp up production of CBD products, creating increased Company value for the public and shareholders.” said Hemp, Inc. CEO Bruce Perlowin. “The market price of CBD crystalline isolate was commonly $20,000 per kilogram at the early part of 2017. While prices have gone down this year, in some cases, to as low as $6,500 per kilo on the low end volume price, CBD full spectrum extract making customized formulas have in some cases gone up and other cases gone down. Whether the price decreases or increases, I think it’s important to note and remind our shareholders that while we expect significant returns from our hemp oil extraction, it’s a secondary component of our overall business plan that we added to ‘enhance’ our revenues. Hemp, Inc.’s primary business is focused on producing non-toxic loss circulation material (LCM) and spill absorbents for the oil and gas industries.”
In oil or gas well drilling, “loss circulation” occurs when drilling fluid flows into one or more geological formations instead of returning up the annulus. “Loss circulation” can be a serious problem during the drilling of an oil well or gas well. Hemp, Inc., as mentioned in a previous press release, has a provisional patent that covers Hemp, Inc.’s process of dramatically reducing the time, cost, and energy required to create LCMs and spill absorbents using natural plant materials – resulting in a higher quality product for the oil and gas industries. (Source: Marketwired)
HEMP also recently announced that the Company has been featured in “Could Hemp Save the Planet?”, a new Documercial Group video production that details the various business operations of Hemp, Inc. and its role in driving forward the hemp industrial revolution that is transforming the American landscape.
“Could Hemp Save the Planet?” features Hemp, Inc.’s news that its hemp processing and manufacturing facility in Spring Hope, North Carolina became operational this summer – a massive feat in the realm of North American hemp production. It also features the Company’s NuAxon Tech CO2 Supercritical Extractor. Zapolin states that this is the machine that “extracts medical grade CBD oils,” adding that “these are the oils that are helping kids to stop having seizures.”
“We are very pleased to have this prominent coverage of all the ground-breaking activities that are taking place at Hemp, Inc. headquarters in Spring Hope,” said Hemp, Inc. CEO Bruce Perlowin. “It is a very proud moment to watch this incredible coverage of our state-of-the-art operations as it relates to our larger mission to support and empower the small family farm through the production of hemp.” (Source: Marketwired)
Bruce Perlowin has consistently been one of the most vocal executives in the cannabis space, and the film he took part in falls very neatly into his wheelhouse. He has often been a voice for not only HEMP but the hemp business as a whole. His involvement with HEMP alone is enough to make the company a very interesting prospect. 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.