Hemp Operations Picking Up Steam in Cannabis & Agricultural Industries with Demand for Hemp-Based Products Continuing to Skyrocket at a Brisk Pace
CORAL SPRINGS, Florida, May 4, 2016 /PRNewswire/ --
As the U.S. continues to develop and import a vast of amount of hemp based materials & products, the conversations around hemp are changing as supply and demand for industrial hemp products present impressive growth opportunities for developers and operators. Hemp/Cannabis companies with current developments of note in the markets today are Hemp, Inc. (OTC: HEMP), Medical Marijuana, Inc. (OTC: MJNA), Terra Tech Corp. (OTC: TRTC), CV Sciences, Inc. (OTC: CANV) and Greengro Technologies, Inc. (OTC: GRNH)
Hemp, Inc. (OTC: HEMP) executives announce that its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), a soon-to-be leading producer of quality natural fiber and other cellulose based products for major growth markets, is set to release its first product in the marketplace... an environmentally friendly absorbent, SpillSuck™. The super absorbent biodegradable material is made from the core of kenaf and hemp plants and is one of the world's most absorbent natural materials used primarily for oil, chemical and other liquid spills. David Schmitt, COO of Industrial Hemp Manufacturing, LLC, informed Hemp, Inc. executives that the company's first 25,000 pounds of SpillSuck™ are in the final stages of packaging, after which the product will be ready for market. "This is a big deal for Hemp, Inc. (OTC PINK: HEMP) because this is our first environmentally friendly product-to-market from our decortication plant in Spring Hope, North Carolina. While our subsidiary, IHM, has been making excellent progress in getting our decortication plant fully operational, we are extremely pleased we were able to churn out the first 25,000 pounds of SpillSuck™ from the mill portion of our facility to go to market," said Bruce Perlowin, CEO of Hemp, Inc.
Read the full Hemp Inc. (HEMP) Press Release at: http://www.financialnewsmedia.com/profiles/hemp.html
According to Schmitt, twenty-five thousand pounds are currently being bagged for market delivery. "In the next 2 to 3 weeks, we expect to have another 100,000 pounds ready and 2 - 3 weeks after that, we expect to have 50,000 pounds ready for market delivery. Once in full production, our target is one to three million pounds per month," says Schmitt... Also... With an array of natural, environmentally friendly products to come and the largest commercial decorticating plant in the United States, Hemp, Inc. has positioned itself as a leader in the agricultural industrial hemp industry that has emerged. As Americans continue to gravitate toward more sustainable living, the benefits of industrial hemp are undeniable thus causing the industry to grow by leaps and bounds. So much so that the industry birthed its first business journal. The inaugural issue was published in January, 2016... a clear indication of the growth, desirability and maturity of the industrial hemp industry.
In other Hemp/Cannabis operations, news and recent developments: Medical Marijuana, Inc. (OTC: MJNA) recently announced that the Company and its portfolio company HempMeds® participated as exhibitors and speakers at the U-T's Successful Aging Expo on Saturday, April 30 in San Diego. An estimated 8,000-10,000 was expected to attend the event, which is focused on education, entertainment and healthy aging solutions. Dr. Stuart Titus, Chief Executive Officer of Medical Marijuana, Inc., presented on cannabis-based anti-aging research and information on cannabinoids such as THC and CBD that are capturing global news headlines. Dr. Titus also provided insightful facts about non-psychoactive hemp cannabidiol (CBD)-based solutions available to any consumer without a medical marijuana card.
Terra Tech Corp. (OTCQX: TRTC), a vertically integrated, cannabis-focused, agriculture company, announced that its subsidiary Edible Garden, is retailing vitamin and dietary supplement lines throughout the U.S. as part of its ongoing strategy to expand into additional areas of the healthy living industry. Edible Garden's offering now includes the following brands : VitaminWay®, Vitamin Whey Protein®, SlimTrim®, Surgex Sports Nutrition®, OmEssentials® and Bikini Ready ®. These brands have an industry leading reputation for quality, which is built on strict adherence to exacting standard of control and regulatory compliance with the FDA's GMPs and NCAA regulations. These vitamins and dietary supplements are already sold in over 5,000 major food, drug, mass and specialty stores across the U.S.
CV Sciences, Inc. (OTCQB: CANV), a company that develops products containing the hemp plant extract cannabidiol (CBD) as the active pharmaceutical ingredient while it also engages in the sale of CBD, as well as the development, marketing, and sale of end consumer products containing CBD, which is refined into its own PlusCBD Oil brand, recently reported financial results for the year ended December 31, 2015. "CV Sciences expanded its corporate mission during 2015, culminating with the acquisition of CanX, Inc., a Florida-based drug development company ("CanX Acquisition") in December 2015. The CanX Acquisition allows the Company to be positioned both as a specialty pharmaceutical company focused on developing and commercializing novel therapeutics utilizing synthetic Cannabidiol ("CBD"); and, to continue our existing consumer product business segment in manufacturing, marketing and selling plant-based CBD products to a range of market sectors," stated Michael Mona, Jr., chairman and CEO of CV Sciences. "Our new pharmaceutical development program builds on our reputation, experience and expertise in CBD to leverage the attributes of CBD to the prescription drug market," continued Mr. Mona. "Our consumer products business segment continued to expand during 2015. Distribution of our branded products increased to 340 retail locations as of December 31, 2015. Our leadership in educating the market about CBD as a dietary supplement, beauty care product, and, as an ingredient for numerous other products from pet foods, vape products and specialty beverages, continues to grow," continued Mr. Mona. "We made excellent progress with sales of $11.5 million for the year ended December 31, 2015 compared to sales of $10.2 million for the year ended December 31, 2014." Read the full report at http://finance.yahoo.com/news/cv-sciences-inc-reports-financial-221236394.html
Greengro Technologies, Inc. (OTC: GRNH), a world class provider of ecofriendly green technologies, announced recently that it has acquired growcameras.com, a revolutionary way to monitor crop health. The Grow Camera is a self-contained, WiFi enabled, five megapixel NDVI camera and temp/humidity sensor. It can be used with most modern DVR equipment that support networked cameras while also featuring monitoring capabilities through Android, iOS, or Windows devices using the mobile application. The Grow Camera NDVI technology is traditionally used in space imaging and weather satellites, and can be used to quantify vegetation health and provide an early indicator to problems in the grow room. As part of the growcamera.com acquisition, Greengro Technologies, Inc. (OTC PINK: GRNH) has also acquired technology to integrate temperature, humidity, CO2, pH, TDS, DO, and light sensors with a database for M&C (Monitor and Control) capability which will be integrated into the company's existing horticultural offerings of modular gro rooms and light dep greenhouses.
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