Hemp Inc. Nearing Completion of North America's Leading Industrial Hemp Decortication Facility Issued by BrokerBank Securities, Inc.
NEW YORK, April 9, 2015 /PRNewswire/ -- Hemp Inc. (OTCBB: HEMP) with offices in Las Vegas, Nevada operates in the emerging hemp industry. The Company strives to facilitate research and development for the utilization of industrial hemp, while also offering a wide range of hemp based products. The Company makes large strides to distinguish itself from Marijuana. As stated on their website under investor relations:
"Hemp should not be confused with marijuana, which is illegal and contains psychoactive ingredients. Hemp does not contain psychoactive compounds and is legal in the United States and most of the world."
Although the Company has several retail products, and has turned strong sales for FY2014; on May 12, 2014 the Company took the first steps towards becoming the largest industrial processor of kenaf in North America with the purchase of processing equipment through its subsidy Industrial Hemp Manufacturing, LLC. Kenaf a fibrous plant with relations to hemp, has industrial, commercial, and consumer applications. The Company has obtained a 70,000 square-foot North Carolina factory building on 8 acres to house the decortication equipment. It is anticipated that the plant will be functional at the end of April, and already has five million pounds of kenaf ready to be processed.
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SOURCE BrokerBank Securities, Inc.
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