Hemp purchases equipment to separate fiber from hemp plant

"The kenaf will be incorporated as the base for the construction material to build out 4,500 acres for the Arizona Kins Domain. The kenaf is currently being used in lieu of hemp until our American farmers can increase their hemp crop(s) or until we import it from an outside source, such as China. Since the kenaf is a natural material, we are helping American farmers, and Americans in general, transition from non-sustainable synthetic solutions to a more environmentally friendly hemp-like solution," continued Perlowin.

 

Hemp, Inc. has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant #

"This first order reaffirms Hemp, Inc.'s long-term business goals of a hemp presence on two continents."

 

Hemp, Inc. has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant #

According to Perlowin, disassembling the decortication machinery has been successfully progressing and has put Hemp, Inc. ahead of schedule of moving the machinery to a suitable location for a facility, or plant. One Industry expert stated, "Hemp grows better in a hot and humid climate, similar to the climate favored by cotton, so the Southeastern part of the United States makes an ideal location. And since this decortication line of equipment is the only one of its kind in the United States, it has put Hemp, Inc. at a strong advantage."

 

Hemp, Inc. has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant #

Hemp, Inc. has not only received requests for samples of the kenaf, but has also since received a potential order for 200,000 pounds of kenaf. Other potential buyers of the kenaf are currently testing the kenaf and if it suits their needs, may purchase the entire inventory, according to Hemp, Inc. CEO, Bruce Perlowin. The kenaf is expected to be an easy sell. It has a history of being an important source of bast or cordage fibers used in the manufacturing of rope, bagging and other coarse fiber products.

 

Hemp, Inc. has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant #

Hemp, Inc. has been doing exceptionally well according to its executives. The company's first-quarter 2014 sales revenue of $5,490,874 (derived primarily from consulting fees through Hemp, Inc.'s wholly owned subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company and its "Community of Companies") resulted in a net income for the quarter, alone, of $2,606,782, surpassing previous high marks for revenue, in any one quarter, since inception. (See Hemp, Inc. Reports 2014 First Quarter Results – 5/21/2014)

 

Hemp, Inc. has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant #

Last year (2013) sales, from nutraceuticals, were $2,357,266 which represented an increase of 26,359% over the previous year (2012). (See Hemp, Inc. Reports Full Year and Fourth Quarter 2013 Results – 4/8/2014). It was also the year Hemp, Inc. went from a developmental stage company to an operating company with stable, consistent growth through each quarter.

 

Hemp, Inc. has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant #

"Simply put, our divisions are strong. Now with a hemp processing plant of this caliber and magnitude, we expect over the long term our efforts will have positioned us to drive growth and increased value to our shareholders," concluded Perlowin. "Our new hemp processing plant is expected to be the most profitable division of Hemp, Inc. yet."

 

Hemp, Inc. has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant #