The Hemp Industry is Ever-changing Offering Wide-open Opportunity for the Cannabis Global Market

Wednesday, October 4, 2017 Drug News
Email Print This Page Comment bookmark
Font : A-A+

MarketNewsUpdates.com News Commentary

PALM BEACH, Florida, October 4, 2017 /PRNewswire/ --

The quest

for cannabis plants that consistently and reliably produce less than 0.3 percent THC continues, although hemp tends to be overlooked by many in the cannabis and legal marijuana community, the market is significantly gaining momentum as more hemp-based
products burst onto the scene with regulations becoming increasingly more friendly for hemp industry leaders. Hemp and Cannabis Company market activity and news coverage today includes: Hemp, Inc. (OTC: HEMP), mCig, Inc. (OTC: MCIG), Marijuana Company of America, Inc. (OTC: MCOA), Medical Marijuana Inc. (OTC: MJNA) and 22nd Century Group, Inc. (NYSE: XXII)

Hemp, Inc. (OTC: HEMP) a global leader in the industrial hemp industry with the largest industrial hemp multi-purpose processing facility in the western hemisphere, announced today that the Company has begun harvesting 550 acres of North Carolina-grown hemp, and later kenaf (hibiscus cannabinus, a cousin plant to industrial hemp). The 550 acres of hemp and kenaf belong to both Industrial Hemp Manufacturing, LLC. (Hemp, Inc.'s wholly owned subsidiary) and independent North Carolina farms that are strategic partners with Industrial Hemp Manufacturing, LLC. The hemp and kenaf - to be harvested at various locations throughout the state - will be processed and manufactured at Hemp, Inc.'s, now 85,000 square foot facility in Spring Hope, North Carolina.

Those interested in purchasing viable industrial hemp seed should contact Ms. Sandra Williams at [email protected]. These are seeds grown from industrial hemp plants from North Carolina's first hemp seed harvest, from certified seed out of Europe. The company expects to have around 100,000 pounds of seed available which will consist of a mixture of Felina 32, Futura 75, and Carmagnola. Read this and more news for HEMP at http://www.marketnewsupdates.com/news/hemp.html

"This is the first time in over 80 years that viable hemp seed grown in North Carolina is available. I encourage everyone, especially our shareholders, to check out the historic harvesting of some of North Carolina's industrial hemp crop by visiting my Facebook page. Scroll down to the posts between September 7th and 11th and September 20th and 22nd," said Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP). He continued, "Our industrial hemp grown in Kentucky will be ready for harvest later this month, which can also be seen on my Facebook page in the September 13th post."

"We want to remind our current and future shareholders that Hemp, Inc. strives to be one of the most transparent companies in the public sector. To adhere to this company policy of transparency, I post 1-minute video updates daily on my personal Facebook page to give an inside look and behind-the-scenes footage of what Hemp, Inc. is doing on a daily basis. We want them to know how the company is performing and what it is doing to reach its goals. For example, this past weekend we held the 4th educational symposium through the Hemp University. It was an overwhelming success."

To see the 1-minute video updates of this Hemp University educational symposium, go to Bruce Perlowin's personal Facebook page and scroll down to the posts between September 30 and October 4, 2017. "We had to stop selling tickets, just like in the first three events, because we were over capacity. We originally planned for only 100 attendees but there were over 140 people in attendance. We're expecting an even larger crowd at the next Hemp University educational symposium, scheduled for December 2, 2017, of 300 to 420 attendees. Of course, we plan to hold it at a much larger venue. We strongly encourage you to buy your tickets early. We will definitely sell out and this isn't marketing hype," says Perlowin.Read this entire release at http://www.marketnewsupdates.com/news/hemp.html

Market leaders in the industry this week include:      

mCig Inc. (OTCQB: MCIG) closed up over 6% on Tuesday with over 1.2 million shares traded by the market close. The company recently announced that its Supply Division has successfully expanded its operations into California. MCIG's supply division launched its operation in Temecula, California today capitalizing on months of preparation and will begin generating revenue ahead of its projected implementation schedule. The company will be working with growers, dispensaries and production facilities in fulfilling their supply needs for operations throughout California. Cannabiz Supply has become a major key player and provider of custom packaging, office, dispensary supplies, and vape products for the cannabis industry. As MCIG's Supply Division continues to grow its customer base across the state, it anticipates continued record growth in the foreseeable future.

Marijuana Company of America Inc. (OTC: MCOA) recently announced that Space Cowboys, Inc. ('SC') of Loveland, Colorado, has been retained to provide consulting services for its New Brunswick hemp project. Space Cowboys has extensive expertise in growing high cannabinoid (CBD & CBG) hemp for extraction and will assist GHG and MCOA to maximize cannabinoid production as the group ramps up cultivation operations in New Brunswick in the coming years. SC currently has ongoing hemp cultivation and extraction operations within the Colorado cities of Loveland and Longmont; meticulously developed over the last four years.

Medical Marijuana Inc. (OTC: MJNA) closed up slightly on Tuesday with over 4.6 million shares traded by the market close. The company recently announced that its subsidiary HempMeds® Brasil is excited to support the establishment of the Associação Nacional dos usuários de Canabidiol (ANUC) Patient Association in Brazil dedicated to connecting patients with cannabis-friendly doctors and continuing to educate the Brazilian medical community and its citizens on the therapeutic uses of cannabis. The Company also applauds the appointment of Franklin Vargas as President of the Patient Association. This new Patient Association in Brazil will offer educational courses on the medical value and therapeutic uses of cannabis introduce potential cannabis patients to cannabis-friendly doctors and coordinate efforts to donate cannabis products to patients who cannot afford them.

In other developments: 

22nd Century Group, Inc. (NYSE: XXII) closed up slightly on Tuesday at $2.82 trading over 2.6 Million shares by the market close. 22nd Century Group, a plant biotechnology company that is focused on tobacco harm reduction, announced yesterday that the Vermont Center on Behavior and Health's 5th Annual Conference will focus on Tobacco Regulatory Science and will include the prodigious science surrounding 22nd Century's Very Low Nicotine tobacco cigarettes. This national conference will take place on October 5-6, 2017 in Burlington, Vermont and will feature, as its keynote speaker, Mitch Zeller, J.D., Director of the U.S. Food and Drug Administration Center for Tobacco Products

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU 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. MNU'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. MNU 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 MNU has been compensated thirty-nine hundred dollars for news coverage of the current press release issued by Hemp, Inc by the company. MNU 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 MNU undertakes no obligation to update such statements.

Contact Information: MarketNewsUpdates.com

email: [email protected] +1(561)325-8757

SOURCE MarketNewsUpdates.com



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store