PALM BEACH, Florida, September 28, 2017 /PRNewswire/ --
Marijuana Business Daily's most recent report, 'Marijuana Business Factbook 2017', stated that the forecast for legal U.S. marijuana, hemp and cannabis sales are expected to soar by approximately 300% to around $17 billion annually by 2021. A compound annual growth rate in the mid-20% range moving forward is simply something that investors can't overlook. Hemp and Cannabis Company market activity and news coverage today includes: Hemp, Inc. (OTC: HEMP), Rocky Mountain High Brands, Inc. (OTC: RMHB), Marijuana Company of America, Inc. (OTC: MCOA), GreenGro Technologies, Inc. (OTC: GRNH), mCig, Inc. (OTC: MCIG)
Hemp, Inc. (OTC: HEMP) shareholders can now get an in-depth look by attending exclusive "First Friday Tours" of Hemp, Inc.'s expanded industrial hemp processing facility and milling operation in Spring Hope, North Carolina. Hemp, Inc. executives are pleased to extend the opportunity for Hemp, Inc. shareholders to visit the processing plant and milling operation for an "inside" free tour which will commence, next week, Friday, October 6, 2017 from 9:00am to 11:00am eastern standard time and on the first Friday of the month thereafter.
These exclusive bonus tours will take shareholders behind-the-scenes of North Carolina's burgeoning industrial hemp epicenter to see Hemp, Inc.'s processing equipment in full operation and producing product from the cultivation of its hemp plants and kenaf to the processing and manufacturing of their quality CBD products. Shareholders will also meet and interact with Hemp, Inc. CEO Bruce Perlowin and COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, David Schmitt. Both Perlowin and Schmitt welcome any and all questions from Hemp, Inc.'s valued shareholders. Read this and more news for HEMP at http://www.marketnewsupdates.com/news/hemp.html
Part of the "First Friday Tours" will showcase a section of the warehouse where a variety of hemp and hemp-based products are displayed. Shareholders can peruse the whole gamut of hemp products from hemp clones, hemp lotions, hemp denim jeans, hemp shoes, hemp hats, chocolate covered hemp seeds and hemp pastas to hemp farming equipment, super sacks filled with kenaf and/or hemp and so much more. There will also be a hemp kiosk in the industrial hemp facility that, as was stated in a previous press release. Per the agreement Hemp, Inc. signed with One Step Vending, Corp. (OTC PINK: KOSK), Hemp, Inc. will create unique hemp oil-based consumer products specifically for sale through One Step Vending, Corp.'s approved, existing micro markets, or kiosks around the country.
According to executives, this "First Friday Tours" series is expected to connect the shareholders more directly with the industrial hemp sector with first-hand knowledge of what is most often "hidden" from the public. "We've received many requests and inquiries regarding the operation of our industrial hemp processing facility and mill. We are adamant about being completely transparent, as one of the leaders in this public sector, so we wanted to extend the opportunity for our shareholders to actually come out and see and experience what we are doing first-hand and what we are all about," said Perlowin.
Market leaders in the industry this week include:
Rocky Mountain High Brands, Inc. (OTCQB: RMHB) closed up over 7% on Wednesday trading over 4.6 Million shares by the market close. Rocky Mountain High Brands is a consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products. The Company currently markets a lineup of four naturally flavored hemp-infused beverages (Citrus Energy, Black Tea, Mango Energy and Lemonade) and a low-calorie Coconut Lime Energy drink. Rocky Mountain High Brands also offers hemp-infused 2oz. Mango Energy Shots and Mixed Berry Energy Shots. The recently announced that its Board of Directors approved an increase in the authorized common stock to 4,000,000,000 shares. The increase in authorized stock will be effective 20 days after mailing to shareholders an information statement Schedule 14C.
Marijuana Company of America, Inc. (OTC: MCOA) closed up slightly on Wednesday trading over 2.5 Million shares by the market close. Marijuana Company of America, in conjunction with its joint venture partner, Global Hemp Group, Inc. (CSE: GHG) (FRANKFURT: GHG) (OTC PINK: GBHPF), is pleased to provide an update on the hemp cultivation trials conducted in New Brunswick, Canada. The field portion of this first-year trial is now complete, with results from laboratory analysis of CBD concentrations of the flowers and leaves expected within the next two to four weeks. For this initial growing season:
- Two farmers were contracted in northeast New Brunswick to participate in the trial
- Three varieties of hemp were grown on Test Plot 1 (CFX1, CFX2 & CRS1)
- Two varieties of hemp were on Test Plot 2 (CFX1 & CFX2)
- Three planting densities were utilized (15, 30 & 50 kg/ha)
- Straw yields ranged from 1.10 to 2.47 tons/ha
- Flower production ranged from 0.79 to 1.69 tons/ha
These results confirm what was seen from casual observation. This year's yields are somewhat lower than expected, due to the late planting and incomplete field preparation (both which will be rectified for the 2018 cultivation), and lack of rainfall in the spring. In 2018, taller varieties of hemp will be grown to increase straw yields and flowers. For the 2017 trial, the CRS1 outperformed the other varieties in straw production, and CFX2 produced the best flower yields. These results are indicative of the performance of varieties under largely unfavorable conditions.
GreenGro Technologies, Inc. (OTC: GRNH) closed up slightly on Wednesday trading over 2.3 Million shares by the market close. GreenGro Technologies, a world-class provider of eco-friendly green technologies, this week announced that it has completed the buildout of its flagship igot420-branded marijuana dispensary and grow, located in North Hollywood, California, on-time, within budget and in advance of its expected grand opening, scheduled for mid-October 2017. The grand opening of the Company's flagship igot420 dispensary will also represent a new revenue stream for the Company consisting of leases and management contracts. Additional details of the North Hollywood flagship igot420 dispensary will be disclosed by its new tenants, the owners and operators of the igot420 brand, over the next several weeks.
mCig, Inc. (OTCQB: MCIG) closed up slightly on Wednesday trading just under 2 Million shares by the market close. mCig Inc., a diversified company servicing the legal cannabis, hemp, and CBD markets, is pleased to announce that it is concluding efforts to raise up to $3 million under a private placement to qualified accredited investors for the expansion of its operations. The Company has already raised over $1 million, about one-third of our target at the purchase price of $0.25 per share of common stock. MCIG CEO, Paul Rosenberg, also participated in the offering. The capital raise is scheduled to conclude on September 30, 2017 and may be extended by the company if deemed necessary.
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