LAS VEGAS, NV - (NewMediaWire) - August 13, 2015 - Hemp, Inc. (OTC PINK: HEMPD) (OTC PINK: HEMP) updates shareholders today on its kenaf crop in North Carolina. The kenaf crop, planted this year, will be the first crop processed by Hemp, Inc.'s decortication facility after the 4-5 million pounds currently in storage is processed. As of today, the 150 acres of kenaf planted in June of this year in and near Spring Hope, North Carolina, have reached almost 7 feet tall (83 inches). The company expects to harvest the kenaf crop before the end of the year.
The kenaf seed used for the kenaf crop was a modified version of the Tainung 2 cultivar (a variety of the kenaf plant), which is expected to produce substantially greater yields. "We'll know how much greater the yields are over conventional Tainung 2 when it's time to harvest the crop. We will be processing kenaf while we wait for the legalization of hemp in North Carolina or the legalization of interstate transportation of hemp, either of which will benefit (the American farmers growing hemp), our company and our shareholders," said Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP) (OTC PINK: HEMPD).
Typically, the Tainung 2 cultivar has produced the highest yields of any kenaf cultivar in the southern United States. Typical yields have been in the 10,000 pound per acre range. It has been referred to as the 'Super' strain of kenaf. David Schmitt, COO of Hemp, Inc.'s Industrial Hemp Manufacturing, LLC in North Carolina, has been overseeing the kenaf crop.
"This crop will continue to grow until the first frost covers it, which in this region is typically around October. Then, we'll let it stand and fully defoliate. Once the crop has fully defoliated, we'll cut the stalks and lay them on the field until the moisture content is in the 12% range. It will then be raked into rows to go into the baler for processing," said David Schmitt, COO of Hemp, Inc.'s Industrial Hemp Manufacturing, LLC.
The kenaf (a member of the Hibicus Canabinus L. plant) to be processed in Hemp, Inc.'s decortication facility is an annual, non-wood fiber plant that is indigenous to central Africa. It has been likened to okra and cotton and typically grows 12 to 18 feet tall in a six-month growing season. The raw fiber has been known to grow well in many parts of the United States and has been considered a more eco-friendly way to make paper without cutting down trees. According to DavesGarden.com, "uses of the fiber range from paper, grass mats, fiberglass substitutes, animal bedding, oil-absorbent materials, chicken and cat litter, animal forage, particle board, and potting soil, to name a few."
While the last 9 videos document the step-by-step process of getting the decortication machinery operational, the current video updates and reminds shareholders of the kenaf the company has on hand and the current crop. "Our kenaf will help Hemp, Inc. spearhead a new, clean, green, agricultural and industrial revolution for America," said Perlowin.
He continued, "Our manufacturing facility is in the final stages of being operational and we'll be able to commercially process and supply kenaf while we wait for hemp to be legalized in North Carolina. The decision to purchase the Temafa decortication line, over a year ago, has been one of the best investments we've made. It is the only one of its magnitude in North America and would take at least 2 years, minimum, to duplicate the line so we will truly be pioneers leading the way with the only manufacturing facility in America to decorticate raw hemp and kenaf on a commercial scale."
Hemp, Inc.'s decortication and milling plant is housed in a 70,000 square-foot warehouse located on 9 acres (with a 6-inch cement foundation and a refrigerated section). Currently, Hemp, Inc.'s Industrial Hemp Manufacturing crew is conducting internal assessments of the decortication facility to ensure every aspect of the Temafa decortication line is prepped for maximum operational efficiency. To see the latest video update, click here.
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HEMP, INC.'s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC PINK: HEMPD) seeks to benefit many constituencies from a "Cultural Creative" perspective, thereby not exploiting or endangering any group. CEO of Hemp, Inc. (OTC PINK: HEMPD), Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. Thus, the publicly-traded company believes in "upstreaming" of a portion of profit from the marketing of their finished hemp goods back to its originator, in which most cases will one day be the American farmer, cultivating natural, sustainable products as an interwoven piece of nature. By Hemp, Inc. focusing on comprehensive investment results -- that is, with respect to performance along the interrelated dimensions of people, planet, and profits -- our triple bottom line approach can be an important tool to support our sustainability goal.
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