LAS VEGAS, April 23, 2013 /PRNewswire/ -- Hemp, Inc. (OTC: HEMP), continuing its strategy of delivering exceptional hemp-derived products to consumers worldwide, acquired Scrubnuts, Inc., a company specializing in providing "fun-raising" clothing to the medical field.
Under the terms of the agreement, the transaction value is $135,000 plus two million shares of stock. The acquisition is already proving to be successful as the first $100,000 sale has been made by Hemp, Inc.'s CEO, Bruce Perlowin.
"This transaction combines a world-class portfolio of branded clothing with Hemp, Inc.'s unique and unparalleled creativity for marketing across multiple platforms, businesses, and markets to generate sustained growth and drive significant long-term value," said David Koral, Scrubnuts previous owner.
Perlowin, a 45-year veteran in the hemp industry, purchased the scrub company to provide sustainable, eco-friendly clothing made of natural fibers that are durable, elastic, and antimicrobial and transform it into the future clothing line of medical professionals worldwide.
Scrubnuts, originally owned by David Koral and Levi Koral, had successfully been making healthcare more joyful through fun clothing aimed at raising the spirit of patients and caregivers in clinical settings.
"Scrubs used to be white—the color of cleanliness. Then, one influential doctor switched to green thinking it would be easier on a surgeon's eyes plus, green has a very calming, soothing effect," said Perlowin.
"These scrubs will be the future of hemp clothing and I'm excited. We've been talking of partnering with the right clothing company over the years... Cartel Blue and many others. The future of hemp clothing will continue to ease suffering and promote healing through laughter and humor," said Perlowin.
Under Perlowin's leadership, Scrubnuts will evolve and pioneer into an even more advanced worldwide market with hemp scrubs, nurse's jackets, lab coats and more. In fact, Perlowin plans to donate an enormous amount of these scrubs to his Child Legacy project as one of the Benefactors of Humanity.
Also, Perlowin plans to give 10 percent of the sales proceeds to Patch Adams' Gesundheit Institute to aid in building a multi-million dollar free hospital in West Virginia. The institute is a not-for-profit health care organization specializing in holistic medical care based on the belief that one cannot separate the health of the individual from the health of the family, the community, the world, and the health care system itself.
Moreover, the acquisition of Scrubnuts will provide an outlet of sustainable clothing made of natural fabric for more eco-friendly clothing. The physical advantages of hemp fiber are its length, strength, durability, elasticity, and ability to withstand high temperatures without degeneration. It also has antimicrobial properties, as hemp is resistant to the growth of Aspergillus Niger... a fungus and one of the most common species of the genus Aspergillus. It causes a disease called black mold and is ubiquitous in soil, commonly reported from indoor environments. Furthermore, hemp can be grown without or very minimal herbicides and pesticides.
In comparing hemp to cotton, a textile used in producing many garments, studies show cotton uses about 50% of the world's toxic crop chemicals and not only is hemp stronger, but it lasts longer, is more absorbent, warmer, breathes better, and is more microbially-resistant. Not to mention, hemp requires only a third as much water as cotton to grow and only a tiny fraction of the fertilizer, pesticide and herbicide that cotton does.
According to Van B. Klingeren, in PubMed, "The chemical components in hemp are able to kill microorganisms including: Staphylococcus aureus, Streptococcus viridans, Pneumococcus Cornyebacterium diphteriae, Bacillus anthracis, and Mycobacterium." Indeed, Hemp, Inc. is on the forefront and leading the trend in hemp clothing.
ABOUT HEMP, INC. Hemp, Inc. (OTC: HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Hemp, Inc. is not involved in the cultivation or marketing of medical marijuana. It is the company's belief that legalization of hemp in all 50 states and at the federal level will come to pass. With that in mind, the company is building infrastructure with the potential to gain substantial market share before and after industrial hemp prohibition ends. (Pending any federal licensing or other requirements, that may be enacted after hemp prohibition ends).
HEMP, INC.'s TRIPLE BOTTOM LINE Hemp, Inc. (OTC: HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in the "upstreaming" of a portion of profit from the marketing of their finished hemp goods back to its originator, in which most cases will one day be the American farmer, cultivating natural, sustainable products. By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits— our triple bottom line approach can be an important tool to support sustainability goals.
CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. In fact, he wanted to, consciously, found a business with non-financial goals that were not an after-thought, but are part of its DNA.