Hemp Inc (OTCMKTS:HEMP) Shows a Little Life – The Oracle Dispatch

Hemp Inc (OTCMKTS:HEMP) Shows a Little Life - The Oracle Dispatch

Shares of Hemp Inc (OTCMKTS:HEMP) have been tracing along in a sideways
pattern for the past 6 weeks after suffering a devastating bearish slide for
most of 2019. But the action to close out last week suggests a possible change
in the tone for the stock. Helping to drive the nail of that idea home, the
company just updated its shareholders on the first phase of processing its high
cannabidiol (CBD) hemp crops in Medford, Oregon.

According to the release, “the company has harvested what will be over 85,000 pounds of high CBD hemp flower. Hemp, Inc.’s drying process lends itself to creating its high quality range of “King of Hemp” pre-rolls and high CBD hemp flower. The sheer size and scope of this year’s crop is nothing short of amazing and is expected to be a massive game changer for Hemp, Inc. in terms of anticipated revenue.”

Hemp Inc (OTCMKTS:HEMP) was
founded in 2008. The company has a reputation as one of the more controversial
enterprises, even by the standards of either the OTC or the cannabis patch,
which certainly paints a picture.

In any case, the company is
making strong strides toward reshaping its image as a legitimate emerging
leadership play in the industrial hemp space.

Hemp Inc understands its
mission to be a provider of “green solutions that help make the world a better
place to live. We support products that are eco-friendly, organic, healthy and
solutions that replace many petroleum-based products.”

“Hemp Inc.’s wholly-owned subsidiary Industrial Hemp Manufacturing, LLC purchased the largest decortication plant in North America, which is located in Spring Hope, North Carolina. The plant is housed in a 70,000,000 square foot warehouse on 9 acres. The company will start producing fiber, loss circulation materials (LCM) and absorbents from kenaf and later from hemp.”

That narrative continues
forward to include the concept that “Hemp, Inc. will produce a product for
drilling rigs called “lost circulation material” (LCM), which is used for
maintaining the seals when drilling for water, oil, gas, and any other liquid
or gas. This product alone is capable of producing millions of dollars in
revenue since some of the largest oil companies in the world will be our
primary customers.”

“Eventually, the company will
produce fiber materials for the paper and fabric industries, and other
industries that utilize materials from hemp to make products such as plastics,
building materials, health, and beauty related products and more.” In other
words, the concept of “diversified applications for hemp as an industrial
material” is the paramount idea.

Find out when $HEMP reaches critical levels. Subscribe to
OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, HEMP just updated its shareholders on the first phase of processing its high cannabidiol (CBD) hemp crops in Medford, Oregon.

Recent action has seen 7%
added to share values of the listing over the past month of action. Moreover,
the name has benefitted from a jump in recent trading volume to the tune of
100% beyond what we have been seeing over the larger time frame.

“Many people, experts in the industry, have come out to see our grow and we’ve gotten a lot of positive comments. Many have said it’s the best crop in Southern Oregon,” said Bruce Perlowin, CEO of Hemp, Inc. “We expect this to be the largest on-going profit center in Hemp, Inc.’s 10-year history. The results of this harvest are proving to be incredibly promising. Furthermore, our shareholders and potential customers have a unique opportunity to watch the successful roll-out, on a daily basis, of Hemp, Inc.’s pre-rolls and high CBD smokable flower, as it goes through each of the different steps of production.”

Now commanding a market cap of
$8.4M, HEMP
has a stash ($525K) of cash
on the books, which compares with about $487K in total current liabilities.
HEMP is pulling in trailing 12-month revenues of $2.3M. In addition, the
company is seeing major top-line growth, with y/y quarterly revenues growing at
407.6%. This may be a very interesting story and we will look forward to
updating it again soon. Sign-up for
continuing coverage on shares of $HEMP stock, as well as other hot stock picks,
get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $HEMP, either long or
short, and we have not been compensated for this article.

Post Views:

You have Successfully Subscribed!

Previous articleWhy Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) Action is MysteriousNext articleIs Acreage Holdings Inc (OTCMKTS:ACRGF) Finally Seeing the Winds of Change?

Source link

Previous Schumer Pushing FDA On CBD - HempGazette
Next HARVESTING HEMP | Agriculture - messenger-inquirer