We have not talked about Hemp Inc (OTCMKTS:HEMP) for a while here on Street Register, but we’re always keeping an eye on it, so we wanted to come back around today to discuss 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 within 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.
One of the driving forces behind the company’s diversity, and visibility is Hemp Inc (OTCMKTS:HEMP) CEO Bruce Perlowin. Who appeared as an expert speaker on the topic of industrial hemp at the international event, CannaTech Tel Aviv 2018: The Big Picture held March 19-20, 2018.
Perlowin joined international industry thought leaders known for their significant and groundbreaking contributions to the global cannabis market in all fields, including Emmy Award-winning television personality, inspirational speaker, author, entrepreneur, and medical cannabis advocate Montel Williams.
In his presentation, Perlowin discussed why industrial hemp and hemp-derived cannabidiol (CBD) is “on the rise to the top” in regards to price per pound and how Hemp, Inc. is strategically positioning itself on the forefront of this multi-billion dollar market. The hemp industry is projected to grow 700% and hit $1.8 billion by 2020, according to Hemp Business Journal.
“CannaTech provided unparalleled networking opportunities for Hemp, Inc. and offered a tremendous opportunity to share with an international audience our industrial hemp cultivation and manufacturing expertise,” said Hemp, Inc. CEO, Bruce Perlowin. “Israel is world renowned for leading innovations in the cannabis industry. Participating in this conference aligns with our goals of supporting cannabinoid research and being on the cutting edge of the latest innovations in the cannabis space. Events such as CannaTech Israel further embolden the global cannabis community as we all work together to advocate for legislation that supports greater access to natural and safe products for all.”
As part of Hemp, Inc.’s ongoing expansion of its operations, the Company announced on March 7, 2018, that it was set to grow 25,000 acres of industrial hemp this year, thus further positioning North Carolina as the epicenter of the industrial hemp industry. In addition, the Company announced March 13, 2018, its long-term strategy to build the world’s largest hemp oil extraction infrastructure by creating joint ventures with multiple companies to house and operate their CBD extraction equipment in its 85,000-square foot facility in Spring Hope, North Carolina. The first company of these joint ventures is HQ Global Education, Inc. (OTC: HQGE), a scientific research development company.
HQ Global Education, Inc.’s exclusive educational database is one of the largest and valuable resources in the industry, reporting on thousands of hours of research that have been accumulated, tested and verified by professionals in the field. HQGE’s proprietary CBD database is a primary source of highly coveted up-to-date information required by CBD manufacturers, distributors and researchers in order to create the proper strains for their formulations. (Source: Globe Newswire)
Bruce Perlowin has consistently been one of the most vocal executives in the cannabis space. 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.