PALM BEACH, Florida, October 10, 2017 /PRNewswire/ --
Expansion of legal cannabis throughout North America is leading to the production of new products, as well as strengthened stock performance as the industry continues to earn lofty revenue forecasts from analysts. According to ArcView, one of the leading cannabis research firms, legal cannabis, hemp and marijuana sales soared in North America by 34% last year, and they're slated to grow by an average of 26% annually through 2021. That type of growth is certainly enough to attract investors to marijuana stocks, which have risen as a group by more than 100% over the trailing year. Hemp and Cannabis Company in the industry with current and recent developments include: Hemp, Inc. (OTC: HEMP), mCig, Inc. (OTC: MCIG), Medical Marijuana, Inc. (OTC: MJNA), Cannabis Science, Inc. (OTC: CBIS), Canopy Growth Corp. (TSX: WEED) (OTC: TWMJF),
Hemp, Inc. (OTC: HEMP) today outlined and clarified its core infrastructures that it has built and has been using to capture the rapidly growing industrial hemp industry. The company continues to position itself on the frontlines of America's hemp revolution. Led by Hemp, Inc. CEO, Bruce Perlowin, executives have taken a number of bold, methodical steps to position Hemp, Inc. for profitable and sustainable growth across the industrial hemp landscape. The four key infrastructure divisions, through which steps have been taken, thus far, are: (1) Industrial Hemp Manufacturing and Processing; (2) Hemp Oil Extraction; (3) Hemp Farming; and (4) Hemp Education. Read this and more news for HEMP at http://www.marketnewsupdates.com/news/hemp.html
"We want to drive home to our shareholders that we have very lucid infrastructure divisions in action that have created a strong platform for growth, now and into the future. While always adhering to our discipline on transparency with our shareholders and the public, we are resolutely committed to these infrastructure divisions," said Perlowin. "We believe our core infrastructure divisions outline Hemp, Inc.'s operations, and, allow us to allocate time and capital strategically to drive long-term shareholder value, as you will see below."
1. Industrial Hemp Manufacturing and Processing Infrastructure - Division One
The Industrial Manufacturing and Processing infrastructure division consists of the largest multi-purpose industrial hemp processing facility and milling operation in the western hemisphere that has grown to become the pre-eminent center of the industrial hemp industry. The now 85,000 square foot facility sits on a 9-acre campus in Spring Hope, North Carolina. With the patent pending manufacturing process, it is operating full time to process approximately 18,000,000 pounds of kenaf, on-hand, into all green, natural loss circulation materials (LCMs) that is to be sold to the oil and gas drilling industry. According to Perlowin, Hemp, Inc. has been negotiating sales to oil companies on 5 continents with one company in America wanting to take the entire productive capacity of the plant. These sales will be announced in future press releases as soon as they occur. (To see a one-minute video of the millions of pounds of kenaf on hand, go to Bruce Perlowin's personal FaceBook page, September 7, 11, 13, 20 and 22nd.) David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, said, "I've built 6 processing facilities from the ground up. However, this is not only the most exciting but world-changing. Our facility is environmentally sustainable and was built from the ground up during a time when we are striving to make America great again."
2. Hemp Oil Extraction Infrastructure - Division Two
The Hemp Oil Extraction infrastructure consists of its NuAxon Tech Industrial CO2 Supercritical Extractor from NuAxon BioScience, manufacturer and the producer of the world class, large capacity CO2 Supercritical Extraction equipment. Hemp, Inc. is currently in negotiations with several other extraction companies to house other extractors. (To see Hemp, Inc.'s NuAxon Tech CO2 Supercritical Extractor in operation, visit Perlowin's Facebook page, Sept. 27th and Aug. 16th. As one of the most transparent public companies in the sector, Bruce Perlowin posts 1-minute video updates daily of Hemp, Inc.'s progress in all 5 of these divisions.)
3. Hemp Farming Infrastructure - Division Three
The Farming infrastructure division consists of hundreds of acres of hemp and kenaf growing in multiple locations, farm equipment, cloning rooms, clones and seeds, grow rooms, greenhouses, hemp drying facilities and a huge amount of peripheral farming tools and equipment. (Some of this farming infrastructure can be seen on Bruce Perlowin's Facebook page, Sept. 8th, Aug. 30th, 19th, 15th - 11th, 9th and 4th, July 31st, 29th, 21st - 16th.) Hemp, Inc. also has a model family farm situated on 5 acres that consists of a cloning room, a greenhouse, and 5,000 hemp plants. (This model farm can be seen on Bruce Perlowin's Facebook page, Aug. 22nd - 26th.) By showing farmers how to grow high CBD hemp plants, operate a greenhouse and turn a barn into a cloning room to earn $500,000 a year, the small family farm can reappear on the American landscape. After all, the original small family farms in America were able to survive economically by growing hemp as their main cash crop and the first 5 Presidents of the United States were all hemp farmers. "For most of the last 20 years, I have been the largest kenaf grower in the United States, as several of my previous factories used kenaf fibers in the manufacturing process. Now that we are transitioning from kenaf to hemp, my agricultural background is greatly serving our current farming endeavors," said Schmitt.
4. Hemp Education Infrastructure - Division Four
The Hemp Education infrastructure division includes Hemp, Inc.'s Hemp University; attending various events (see Bruce Perlowin's personal Facebook page, Oct. 7th and 8th); and, attending, speaking and displaying at industry expos (see Bruce Perlowin's personal Facebook page, Sept. 14th through 16th) to, in turn, educate the public on hemp in our industry. The educational seminars, through the Hemp University, are held approximately every 6 weeks and teach farmers and landowners how to create a profitable income stream by maximizing their per-acre crop revenue. The Hemp University is also one way the company is contributing to making America great again by making America hemp again. (To see the Hemp University, visit Bruce Perlowin's personal Facebook page, Oct. 30th, 24th - 29th and Jul. 1st - 10th.)
"Since our launch with the first educational symposium, the number of attendees has grown tremendously and it has been an overwhelmingly success, each time. Our interactive, hands-on learning approach is invaluable. By learning in an interactive cohort format, students gain the necessary skills they need to immediately implement them on their farm or in their organization. We've achieved the perfect mix of quality instruction, relevant educational content and a high level of commitment, to ensure the educational success of each attendee," said Rick Rainbolt, President of Hemp, Inc.'s wholly owned subsidiary, Hemp University, LLC.
5. Hemp Education Infrastructure - Division Five
The company is reaching the point soon where it will implement its 5th infrastructure division, Marketing Infrastructure - Division Five. "Once we have enough inventory (in 30 days or less), we will begin to market aggressively," said Perlowin. "Our focus on operational expansion and education-focused outreach allow us to grow sustainably while helping shape America's newest industry as it continues to evolve."
In the industry developments and happenings in the market this week include:
mCig Inc., (OTCQB: MCIG), a leading distributor of innovative products, technologies, and services for the global recreational and medical cannabis industry announced last week that the company has signed an agreement to purchase land in Kern County, California, expanding its asset base in preparation for California's January 1, 2018 "Green Rush." Paul Rosenberg, CEO of mCig Inc., commented, "California is a major emerging market for legal cannabis consumption, with adult-use sales expected to begin in 2018. We were looking for the right deal that makes sense for the company and its shareholders, and it took us quite a few months, but we have finally taken the first step in establishing a vertically integrated cannabis-focused agriculture company. The company has since initiated the licensing process and application for cultivation/production/distribution licenses."
Medical Marijuana, Inc. (OTC: MJNA) announced last week that subsidiary Kannaway LLC, the first hemp lifestyle network to offer cannabidiol (CBD) hemp botanical products, is hosting the inaugural Kannaway® Incentive Trip to recognize top performing Kannaway® brand ambassadors. The seven-day cruise departs from San Diego, California, on Oct. 7, 2017, and will include stops in Mazatlán, Mexico, and Puerto Vallarta, Mexico, until reaching its final destination of Cabo San Lucas, Mexico. The incentive event will celebrate the top leaders in the Kannaway® family. "We look forward to engaging our Kannaway® leaders on our inaugural Incentive Trip," said Kannaway® CEO Blake Schroeder. "Over 70 Kannaway distributorships qualified for the cruise, well beyond our expectations, and we are looking forward to celebrating our successes together."
Cannabis Science, Inc. (OTC: CBIS), a U.S. company specializing in the development of cannabinoid-based medicines, and Free Spirit Organics Native American Corporation (FSO NAC) announced late last week that the American States University Department of Agriculture industrial hemp research project on the San Joaquin Sovereign Tribal Fee Land is making good progress. There have been several property visits from the Ministry of Health of a certain Country in need of cannabinoids, stating "international supply deficiencies of high-quality industrial hemp for proper research." The government Ministry of Health entity is one of several groups that have expressed serious interests to purchase the entire crop. Another example, a private medical practitioner group consisting of several doctors and very large medical services agent group came to see the research project looking to treat and supply a vast range of medical patients requiring a large amount of cannabinoids, and again, the discussion was the opportunity to purchase the crop in full.
Valens Groworks Corp.'s wholly owned subsidiary Valens Agritech Ltd., a Health Canada licensed dealer, announced last week it has signed a supply and sales agreement with Canopy Growth Corp. (TSX: WEED.TO) (OTC: TWMJF) for the distribution, marketing and sale of the company's branded products through Canopy Growth's extensive CraftGrow distribution network, including the Tweed Main Street website, to take effect upon Valens securing a Health Canada licence under the Access to Cannabis for Medical Purposes Regulations (ACMPR). The deal secures a diverse supply of curated products for Canopy Growth and a reliable sales channel and stream of revenue for Valens. "This supply and sales agreement with Canopy Growth, a world leader in the cannabis space, is a significant milestone, ensuring Valens will have a secure revenue stream from our production while building brand recognition through a substantial distribution pipeline, after becoming a licensed producer under the Access to Cannabis for Medical Purposes Regulations," said Tyler Robson, Chief Executive Officer of Valens Groworks.
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