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Hemp, Inc. Purchases Hemp Decortication Equipment That Was Originally Purchased for Over $10,000,000 to be Used for Core Processing of Raw Hemp in U.S.
Hemp, Inc. Purchases Hemp Decortication Equipment That Was Originally Purchased for Over $10,000,000 to be Used for Core Processing of Raw Hemp in U.S..
About this update from Global Links Corp.
[{"type":"text","content":"\nLAS VEGAS, May 19, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC:HEMP) announced today that it has purchased a whole line of automated Temafa decortication equipment designed to separate the fiber from the core of the hemp plant through a process known as decortication. The Temafa decortication line of equipment, the only one of its kind in the United States, purchased by Hemp, Inc. will now enable the company to process raw hemp for American farmers into two valuable base products (fiber and hurd) that can both yield hundreds of products. The equipment is currently located at a plant in North Carolina. Hemp, Inc. is set to move the equipment to a more suitable location such as Kentucky, Tennessee, South Carolina, North Carolina, or the Georgia area. Click here to see video of the processing plant.\n\n\t\"This purchase of decortication equipment was a critical step in order for Hemp, Inc. to help Americans transition from non-sustainable synthetic solutions to a hemp-based green solution. We are very excited at what we'll be able to achieve once our manufacturing facility ramps its hemp production volume up over the next few years,\" said Perlowin, CEO of Hemp, Inc. (OTC:HEMP).\n\n\tAccording to Hemp, Inc. executives and its Board of Directors, the purchase of decortication equipment was crucial to Hemp, Inc.'s long-term business goals, giving Hemp, Inc. a hemp presence on two continents. Hemp, Inc. (OTC:HEMP) also has contract grows of hemp in Northwest China. The first year growth test yielded over 40,000 kg of seeds and 35,000 kg of raw fiber.\n\n\tNow that Hemp, Inc. has purchased the only decortication equipment of this scale in the country, executives said they are looking forward to purchasing the American farmers' hemp for processing which would allow the farmers to benefit from the move to a more sustainable, beneficial, and faster growing biomass supplied through hemp.\n\n\tAfter meetings with business associates, including meeting one Wall Street icon in New York and an industry political group in Washington, DC last week, Bruce Perlowin, CEO of Hemp, Inc., continued on to Snow Hill, North Carolina over the weekend to visit the plant housing the decortication equipment. Up until a short time ago the Temafa decortication equipment had been in use in North Carolina for processing kenaf (Hibiscus cannabinus which is a plant...