PHOENIX, Jan. 16, 2018 (GLOBE NEWSWIRE) -- 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. Connect with Stock Day and to over 600+ interviews from CEOs on the OTC, Pink Sheets and micro-cap news from around the world by following Stock Day’s YouTube, Google Play and iTunes. Everett Jolly, CEO and host of Stock Day, focuses on the rapidly growing industrial hemp industry, in the latest interview with David Schmitt, COO of Industrial Hemp Manufacturing, LLC, a “wholly owned subsidiary” of Hemp, Inc. (OTC:HEMP) (the “Company”).
Industrial hemp, as most are aware, is cultivated much differently than marijuana. Marijuana is used solely for its medical and psychoactive aspects. Hemp, on the other hand, has a low THC content and produces no psychoactive results. It has long been known for its versatility, durability, sustainability, and high-quality. It grows quickly in just about any climate, doesn’t require pesticides, and removes toxins found in soil. Used for over 12,000 years, hemp was once the primary fiber used to produce rope, paper, canvas, and clothing in the United States and Europe. Hence, industrial hemp, which is not marijuana, is here to stay and Hemp, Inc. is at the forefront of that industry.
Mr. Schmitt, who is also on the board of NCIHA (North Carolina Industrial Hemp Association), had started the interview off discussing his association with North Carolina’s written legislation and the initial involvement in establishing this legislation to the hemp industry within North Carolina. Switching gears, he continues with Industrial Hemp Manufacturing’s involvement with the farmers across North Carolina helping them prosper with their infrastructure. Mr. Schmitt was asked to elaborate on how hemp crop income is measured compared to other farm produce within North Carolina. 2017 was North Carolina’s first year for industrial hemp farmers but as Mr. Schmitt discussed, last year was not the best due to legalities with the DEA and government regulations.
“Nobody did great [last] year and one thing was we learned a lot. I think 2018 is going to be a great year for the hemp farmers in North Carolina and it is my belief that by 2020 North Carolina will lead the nation in industrial hemp production. There is no infrastructure in this country, nobody has invested $20 million in an industrial hemp facility like we have. Bruce Perlowin, CEO of Hemp, Inc., is a visionary. He does a great job of looking into the future and we built the infrastructure here before hemp was even legal.” Mr. Schmitt overviews on the importance of their 85,000 square-foot multi-purpose industrial hemp processing facility, which is one of the top five in the world for its size.
The company currently has 18,000,000 pounds of kenaf in inventory and another 2,000,000 to be harvested in the next couple of months. At $2 to $4 per pound, Hemp, Inc. is looking at some very hefty revenues! Amid backlash from U.S. Attorney General’s move on cannabis, industrial hemp is a safe bet. Hemp, Inc. would be immune if there is any federal pushback on marijuana.
In the conclusion of the interview, Mr. Schmitt highlights the plans for creating revenues within the first quarter of 2018 and the company expanding distribution in 2018. He states, “Industrial hemp has a very bright future in the U.S. It is our goal to help the family farms survive and prosper and it is our goal to make this a reality.”
Listen to the interview by clicking here or on following link: https://upticknewswire.com/featured-interview-ceo-david-schmitt-industrial-hemp-manufacturing-otcpink-hemp.
About Uptick Newswire and the “Stock Day Podcast”
Uptick Newswire is a private company reaching out to the masses keeping investors and shareholders up to date on company news and bringing transparency to the undervalued, undersold, micro-cap stocks of the market and is the sole producer of the Uptick Network “Stock Day” Podcast. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire and has recently launched the Video Interview Studio located in Phoenix, Arizona with its new host Kathryn Donnelly.
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About Hemp, Inc.
With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties.
The statements in this press release have not been evaluated by the Food and Drug Administration (FDA) and are not intended to diagnose, treat or cure any disease. The Company does not sell or distribute any products that are in violation of the United States Controlled Substances Act. The Company does sell and distribute hemp-based products.
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Source: Uptick Newswire