Hemp, Inc. recently announced the execution of a definitive
five year term agreement to sell its industrial hemp fiber to Hemp Blue, a
premium denim apparel brand. Through this partnership, Hemp Blue is seeking to
become the first brand to produce apparel made from American-grown hemp since
Levi Strauss did so decades ago. In recent weeks, Hemp Blue has taken to
Kickstarter to spread the word about its eco-friendly mission while offering
supporters an opportunity to become among the first people to claim items from
their initial collection of hemp-based clothing. With just two days left in the
campaign, Hemp Blue has surpassed its funding goal, demonstrating the
marketability of its innovative business model.
“I’m amazed at how well Hemp Blue is doing,” Bruce Perlowin,
chief executive officer of Hemp, Inc. stated in a news release. “Only 33
percent of the Kickstarter campaigns in the fashion division ever get completed
or are successful. Their performance is quite impressive.”
To date, more than 300 individual backers have contributed
to Hemp Blue’s campaign, which it has stressed is “a movement toward a more
sustainable future.” In addition to spreading the message about the benefits of
hemp for both people and the planet, Hemp Blue is also supporting the ongoing
movement to legalize industrial hemp by pledging to donate a portion of their
profits to organizations that fight for the cause.
As Hemp Blue inches toward its initial goal, Hemp, Inc. is
continuing to push forward in the industrial hemp industry. Through
wholly-owned subsidiary Industrial Hemp Manufacturing, LLC, the company is
rapidly approaching the completion of its decortication facility in Spring
Hope, North Carolina. Initially, the facility will be used to process kenaf,
which is already located on site in North Carolina. According to David Schmitt,
chief operating officer of Industrial Hemp Manufacturing, the company is
currently awaiting the first frost, which will play a key role in killing and
defoliating the crop before it is ready to bale.
For both Hemp, Inc. and Hemp Blue, the coming months
represent an exciting opportunity to promote strong growth. Look for Hemp, Inc.
to benefit from its agreement with Hemp Blue moving forward, providing a
foothold in the emerging apparel industry that’s stemming from the ongoing push
for the nationwide legalization of industrial hemp production.
For more information, visit www.hempinc.com
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