Just over two weeks ago, Hemp, Inc. announced the
long-awaited legalization of hemp in North Carolina, the home state of its
multi-purpose industrial hemp processing facility. In that release, the company
outlined plans to support the local agricultural industry while encouraging
non-GMO, certified organic hemp production. Yesterday, Hemp, Inc. gave
prospective shareholders a preview of the tremendous market potential of this
sustainable business model when it announced the execution a definitive
agreement to sell its industrial hemp fiber to Hemp Blue, a premium hemp denim
apparel brand. Hemp, Inc. is currently in the final stages of preparation at
its processing facility, and its hemp processing operations are expected to
commence in the second half of 2016.
“This is part of our long-term planning,” Bruce Perlowin,
chief executive officer of Hemp, Inc., stated in a news release. “These are the
kind of long-term, cutting edge companies that we believe will not only provide
substantial revenue to Hemp, Inc., by purchasing our fiber, but also add great
value to Hemp, Inc.”
Hemp Blue’s Kickstarter campaign highlights the clothing
brand’s ambitious goals, which fall squarely in line with those of Hemp, Inc.
Moving forward, the two companies will continue to spread the word about the
benefits of hemp and support the rising movement to legalize industrial hemp
farming across the country. This eco-friendly message has resonated with Hemp
Blue’s target audience, as the brand has already received pledges for over
two-thirds of its funding goal on Kickstarter since beginning the campaign
earlier this month.
“Hemp Blue represents our fight for the legalization of hemp
as a legal resource in the U.S. and the whole world,” Robin Lane, co-founder of
Hemp Blue, stated. “We are starting the movement toward a more sustainable
future.”
In addition to adding the business as its first customer,
Hemp, Inc. also announced that it is currently a shareholder in Hemp Blue.
Through this investment, as well as the company’s ongoing retail efforts
through Hempify.com, Hemp, Inc. is establishing a formidable strategic foothold
in the rapidly expanding retail segment of the industrial hemp market. In 2013,
the total retail value of hemp products sold in the U.S. was estimated at $581
million, an increase of 26.5 percent over the previous year, according to the
Hemp Industries Association.
As the nationwide hemp movement continues to pick up steam,
Hemp, Inc. is set to benefit from the operation of the largest industrial hemp
processing facility in North America. For prospective shareholders, the
company’s agreement to sell hemp fiber to Hemp Blue could foreshadow an opportunity
for Hemp, Inc. to realize significant financial growth in the years to come.
For more information, visit www.hempinc.com
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