Demand Continues to Surge for Cannabis & Industrial Hemp Products While Becoming a Cornerstone for Financial Stability for Growers & Processing Facilities
CORAL SPRINGS, Florida, June 7, 2016 /PRNewswire/ --
As the U.S. and Global demand is surging for cannabis and industrial hemp products and services, it is estimated in 2016 the U.S. could important over $500 Million in hemp foods, seeds and products made from the crops alone. Industrial Hemp by itself has spawned many new start ups as other possible uses for the crop now include fiber, food, paper, textiles and many industrial applications & uses.
In hemp operations of importance in the markets today: Hemp, Inc. (OTC: HEMP) is proud to announce its first Kenaf harvest from its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, in Spring Hope, North Carolina. Executives say the 150 acres of Kenaf were cut, raked, baled and was transported to Hemp, Inc.'s 70,000 square foot industrial hemp processing facility where it was weighed, stored and paid for. "This is a huge milestone for Hemp, Inc. From seed, to harvest, to paying the farmers, our 150-acre Kenaf crop represents great success in the fact that we were able to inject revenue into the local farming community that we have become a part of," says David Schmitt, COO of Hemp, Inc.'s Industrial Hemp Manufacturing.
Read the full Hemp Inc. (HEMP) Press Release at: http://www.financialnewsmedia.com/profiles/hemp.html
Schmitt said the company has planted another 400 acres this year for its second season as they prepare for a massive hemp crop in 2017, in North Carolina. "We planted 400 acres this year which represents about a 70% increase from last year. The harvest came in just as our truck scale was installed. That was perfect timing because we were able to weigh the Kenaf. "
Bruce Perlowin, CEO of Hemp, Inc. commented, "This was such a critical cycle that we completed. Once you plant a crop, successfully harvest it and pay the farmers, you have gotten the farmer's attention. They'll be eager to grow Kenaf and hemp next planting season. In order to grow the amount of hemp we expect to grow in 2017, having the confidence of the farmers is a must. Even though it's Kenaf this year, next year, we expect to grow a lot of hemp."
In other Hemp/Cannabis/Marijuana operations, news and recent developments: Medical Marijuana, Inc. (OTC: MJNA) announced today that the Associated Press and Paraguay's top television news channel Telefuturo covered the historic news of the government of Paraguay granting its first-ever import permit for Real Scientific Hemp Oil™ (RSHO™) as a prescription medication for refractory epilepsy. The Associated Press article titled "Paraguay importara aceite de marihuana de Estados Unidos (Parguay imports hemp oil from the United States)," features comments from a spokesman for the Paraguay Government's National Anti-Drug Secretariat about the country's decision to allow RSHO™ into the country. The Telefuturo broadcast is titled: "Autorizan importación de aceite de cannabis para uso medicina (Hemp oil authorized for import for medical use.)"
Terra Tech Corp. (OTC: TRTC) (OTCQX: TRTC) last month announced that its subsidiary, Edible Garden, a retail seller of locally grown hydroponic produce, herbs, and floral products, has shipped its first order of nutritionally-enhanced lettuce to ShopRite Supermarkets. The lettuce was developed in partnership with Nutrasorb LLC under the name SUPERLEAF™, in conjunction with Rutgers University, and is the latest addition to Edible Garden's product line of non-GMO fruits and vegetables. TRTC is up slightly today in trading at $0.303 as of 10:00am EST.
Rocky Mountain High Brands, Inc. (OTC: RMHB), a consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products., announced yesterday that a new audio interview with the Company, is now available. The interview can be heard at http://smallcapvoice.com/blog/6-2-16-smallcapvoice-interview-with-rocky-mountain-high-brands-rmhb.
22nd Century Group, Inc. (NYSE: XXII), a plant biotechnology company that is a leader in tobacco harm reduction, announced last month that Paul J. Rushton, Ph.D., the Company's Vice President of Plant Biotechnology, gave a seminar to discuss 22nd Century's novel Very Low Nicotine smoking cessation aid at Hofstra Northwell School of Medicine on the campus of Hofstra University in Hempstead, New York. During the presentation, Dr. Rushton announced a new initiative to engage medical departments, medical professionals, and professors at prominent U.S. medical schools as part of a new effort by 22nd Century to inform health care professionals about the Company's Very Low Nicotine products and their potential to revolutionize the options available for doctors to treat smoking addiction.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at financialnewsmedia.com. Follow us on Facebook: facebook.com/financialnewsmedia and Twitter: twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNMG has been compensated three thousand seven hundred dollars for news coverage of the current press release issued by Hemp, Inc. by a non-affiliated third party. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
Contact Information: Company: FN Media Group, LLC Contact email: firstname.lastname@example.org U.S. Phone: +1-(954)345-0611 URL: http://www.financialnewsmedia.com
SOURCE FN Media Group, LLC