Hemp, Inc. has been on a tear in recent months. On the heels
of recording its best quarter in company history during the second quarter of
2015, the company has continued to make considerable progress toward the
impending launch of its hemp processing plant in Spring Hope, North Carolina.
Initially, Hemp, Inc. plans to process kenaf in the 70,000 square foot
facility, but recent regulatory action has set the stage for industrial hemp
legalization in the near future. Last month, a legislator in North Carolina
introduced a bill that, if passed, would commission a pilot program studying
the immense benefits of industrial hemp cultivation. Put simply, the movement
to legalize industrial hemp is rapidly gaining steam, and Hemp, Inc.’s
decortication plant is a big reason for the push.
“The Spring Hope facility will give North Carolina farmers a
leg up in this industry,” Representative Jeff Collins, member of the North
Carolina House of Representatives and sponsor of the industrial hemp
legislation, stated.
The commercial potential of legalized industrial hemp is
vast, as the plant can be used to produce more than 25,000 products. From
paper, fabric and building materials to high quality health and beauty
products, the countless benefits of hemp have ushered in a growing revolution
calling for the legalization of a crop that’s production has been banned in the
U.S. for more than 70 years.
In preparation for this green revolution, Hemp, Inc. has
partnered with Gawk, Inc. (OTC: GAWK), a global innovator of digital technology,
in order to enhance its web presence and improve its ability to speak to
consumers and investors about its progress during this exciting time. Through
this partnership, Hemp, Inc. will be provided with a secure cloud-based
platform that can be remotely managed from anywhere in the world with an
internet connection.
“Gawk has been materially beneficial to us in our pursuit of
informing the public of the many benefits and uses of hemp-based products,”
Bruce Perlowin, chief executive officer of Hemp, Inc. stated. “Having our own
private cloud infrastructure with Gawk as our strategic partner allows us to
focus on our core business with the confidence that our infrastructure is
robust.”
Pending unforeseen delays, Hemp, Inc. executives expect the
decortication plant to be fully operational before the end of 2015, putting the
company in a strong strategic position to bolster its financial performance
while preparing to capture a sustainable foothold in the industrial hemp market
following legalization. As North Carolina inches closer to this regulatory
change, the company is preparing to launch a redesigned website that better
communicates its established strategic position in the world of industrial
hemp.
For more information, visit www.hempinc.com
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