The Uptick Newswire “Stock Day” podcast keeps investors up to date on the latest penny stock news by bringing transparency in the micro-cap side of the market. Today, Everett Jolly, CEO and host of Stock Day, focuses on the rapidly growing industrial hemp industry in the latest interview with Bruce Perlowin, CEO of Hemp Inc.(HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers which includes the largest multipurpose industrial hemp processing facility in the western hemisphere, located in North Carolina.
Success in this rapidly growing industry will be determined by know-how and speed. And that’s just what Bruce Perlowin is bringing through Hemp, Inc. Jolly opened the interview with Perlowin’s daily, informative video posts on social media. Perlowin posts daily video updates on the company’s progress on his personal Facebook page to keep his followers and investors informed about the company.
“I put them up on Facebook, and what you don’t get is a press release of me telling you what we are doing. Instead, you get a video of me showing you what we’re doing. Quite frankly, I do it because I’m pretty impressed with what we are doing.”
Perlowin also talked about their 85,000 square foot industrial hemp processing facility, on over 59 acres in Spring Hope, North Carolina. It has been up and running for over a year and is shipping out biomass and kenaf by the semi-load, indicating that production and sales are full speed ahead.
“We are focused on building the hemp infrastructure for ourselves and for the farmers. This is the first infrastructure (Division One), which is the largest industrial hemp processing facility in the western hemisphere. It is completed and has been running for over a year. Now, I’m focusing on the extraction and farming infrastructure (Division Two and Three).”
Jolly asked Perlowin what kind of revenues does the company expect. Perlowin explained that the processing facility in North Carolina has been selling ground hemp and kenaf, regularly, to the oil and gas industry for over a year at $2.50 a pound. Quite impressive.
“For hemp right now, it’s harvest time. You harvest it, you dry it for a week, you cure it for a week or two and then you package and sell it. In our case, we focus on making pre-rolls and hemp buds that are high in CBD. CBD is the fad and all the rage across America. People also starting smoking it about a year ago, not to get high, but to get healed.”
Oregon is also a burgeoning state in the industrial hemp industry. Jolly asked Perlowin about its Oregon-based processing facility, Local Processing Center Inc. (LPC). In case you missed the announcement, Hemp, Inc.announced on Sept. 6ththat it had entered into a majority ownership agreement with JNV Farms LLC for the Medford, Oregon-based LPC.
“The joint venture with JNV Farms will focus on the Farming Infrastructure (Hemp, Inc.’s Division Three).”
For a bit more background information on Hemp, Inc.’s Local Processing Center, it consists of 8 greenhouses that are about 3,000 square feet each. The greenhouses are used for drying, at harvest time and sprouting new hemp plants in the spring. Since curing and storage need to be done in a controlled environment (for temperature and humidity), a steel building is used. According to Hemp, Inc. executives, this building is very effective and they are building another one which will be completed soon. The company expects it to be a “cookie-cutter” model that can be duplicated all over America through joint ventures. Does anyone need more convincing that Hemp, Inc. is leading the way? Just wait to see what this will do to their bottom line. Not to mention, Perlowin said that in just 90 days, they built the 8 greenhouses and the 2 buildings that are already processing hundreds of thousands of pounds of hemp.
They recentlybegan processingthe first two harvests which is more than 100,000 pounds of industrial hemp from the first two of many farms they have contracted with in that area.According to executives, Hemp, Inc. is currently creating strategic partnerships with farmers across Oregon to provide them with services including drying, curing, trimming, packaging and storing and selling their industrial hemp.