Hemp Inc (OTCMKTS:HEMP) has continued to trend higher in recent weeks from the $0.02 level it held earlier this year to current levels over $0.04. The stock is a volume leader and as we near September HEMP is transforming into one of the top traded stock on the OTCBB.
HEMP has a long history of explosive moves making a huge run in 2014 and many smaller runs since. HEMP is of course all about HEMP and as recreational and medical marijuana slowly become legal in states across the country, the business of hemp is booming. In 2017, $820 million worth of legal hemp products were sold in the United States alone. Given this number, it’s clear that there’s a demand for hemp and businesses are popping up everywhere to serve it.
Hemp Inc (OTCMKTS:HEMP) seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan. Thus, Hemp, Inc.’s “Triple Bottom Line” approach serves as an important tool in balancing meeting business objectives and the needs of society and environment at the same time.
HEMP is holding company with a number of subsidiaries operating in the industrial hemp sector as well as the legal cannabis industry. The Company intends to focus on the huge peripheral businesses created by the quickly emerging, and growing, multi-billion-dollar medical marijuana and hemp industries.
The big story here is HEMP’s Temafa decortication line in North Carolina. The automated Temafa decortication equipment is designed to separate the fiber from the core of the hemp plant through a process known as decortication.
Hemp, Inc.’s 70,000 square foot industrial hemp processing facility, on over 9 acres in Spring Hope, North Carolina, is the only one of this magnitude in North America. It is indeed bound to become the mecca of this new clean green agricultural and industrial American revolution. Based on a variety of factors, Perlowin believes North Carolina is strategically positioned to be the largest hemp producing state in America by 2018. However, Kentucky and West Virginia (where Perlowin is currently traveling visiting hemp growing sites) will join this industrial hemp hub along with Virginia, Pennsylvania, New York, Tennessee, South Carolina, and Georgia. Most of these states were historically considered the hemp hub of America and will be again this time next year.
The Temafa decortication line of equipment, the only one of its kind in the United States (there are 2 in Canada, 2 in South Africa and 1 in the UK) enables HEMP to process raw hemp for American farmers into two valuable base products (fiber and hurd) that can both yield hundreds of products.
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According to HEMP this product alone is capable of producing millions of dollars in revenue, since some of the largest oil companies in the world will be our primary customers. Eventually, the company will produce fiber materials for the paper and fabric industries, and other industries that utilize materials from hemp to make products such as plastics, building materials, health and beauty related products and more. Hemp, Inc. plans to purchase, acquire and/or joint venture with complimentary companies across various sectors of the hemp industry in an effort to build a portfolio of synergistic businesses that will bring Hemp, Inc. cash flow, revenues, value, and position us as a leader in the industrial hemp industry.
Earlier this year HEMP said it will hold its 4th educational symposium entitled: The Hemp Oil Event (The Art & Science of CBD Oil) on Saturday, September 30, 2017 from 8:30am – 5:00pm. The event will be held at the Peachtree Hills Country Club, 3512 Peachtree Hills Road, Spring Hope, NC 27882.
The educational symposium, The Art & Science of CBD Oil, will bring attendees up to speed on all business and scientific aspects of Industrial Hemp CBD cannabinoids by disseminating current, reliable information that continues to shape the revolutionary CBD market. Attendees will also get a chance to go to Hemp, Inc.’s 70,000 square foot multipurpose industrial hemp decortication facility for the first live public demonstration of its Supercritical CO2 Extraction System using North Carolina-grown CBD industrial hemp. Representatives from NuAxon Bioscience will be on hand for those interested in purchasing their own CBD extraction system.
The Farm bill:
Senator Mitch McConnell introduced the Hemp Bill, S.2667, on April 12, 2018. It was co-sponsored by Oregon senators Ron Wyden and Jeff Merkley. The Hemp Bill was rolled into the Agriculture Improvement Act of 2018 (Farm Act) in early June, which easily passed the Senate on June 28 with an 86-11 vote. The current version of the Farm Act, the Agricultural Act of 2014 (2014 Farm Act), expires on September 30, 2018. It includes the industrial hemp provisions that currently govern the hemp industry. If the 2014 Farm Act is allowed to expire without a replacement then the US hemp industry will be in an uncertain state of flux (as will any number of other federal programs).
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Currently trading at a $28 million market valuation HEMP has $575k in the treasury, significant long term debt and reported $108k in sales for the quarter ended June 30, 2018. HEMP has been pink for a long, long time and has yet to get their filings in order or up list to the OTCBB. This continues to be a big problem for the Company. But HEMP is an exciting story in small caps; the Company is focused on becoming a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere. There is also huge demand for HEMP and the stock regularly tops $500k in dollar volume per day; Investors here might just get the September to remember they have been waiting for. We will be updating on HEMP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HEMP.
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Disclosure: we hold no position in HEMP either long or short and we have not been compensated for this article.