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Hemp, Inc. Expected to Have 200,000 Pounds of LCMs in Inventory for Sale
Hemp, Inc. Expected to Have 200,000 Pounds of LCMs in Inventory for Sale.
About this update from Hemp, Inc.
[{"type":"text","content":"\n \n \n Hemp, Inc. Expected to Have 200,000 Pounds of LCMs in Inventory for Sale\n \n \nHemp, Inc. Expected to Have 200,000 Pounds of LCMs in Inventory for Sale\n \n LAS VEGAS, NV--(Marketwired - Aug 10, 2016) - Hemp, Inc. (OTC PINK: HEMP) executives announced today they expect the first 200,000 pounds of Lost Circulation Materials (LCMs) in inventory to go to market in the next 2 weeks. David Schmitt, COO of Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM) is meeting with specific companies next week to ensure the LCMs will be ready to go to market. The company's LCMs are expected to potentially sell for two to three dollars per pound, which could bring in revenue of four to six hundred thousand dollars. Schmitt has also been overseeing the final stages of Hemp, Inc.'s 70,000 square foot multi-purpose industrial hemp processing facility and milling operation on 9 acres, in Spring Hope, North Carolina that is in the final stages of completion. \n \"Hemp, Inc. is strategically positioned at the forefront of the industrial hemp industry and continues to remain ahead of the curve to be able to process industrial hemp and manufacture products made from hemp fiber due to its commercial size and by it being the only one in the United States. Once the milling machinery is operational, Hemp, Inc. will be able to produce thousands of pounds of LCMs a day along with other oil absorbent products,\" said Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP).\n Perlowin continued, \"This represents the first of many Hemp, Inc. products to come that we will be producing at our industrial hemp processing plant in North Carolina and selling on a very large scale to major corporations around America and around the world.\"\n According to Schmitt, the first shipment of machinery to finish the mill is expected to arrive on August 25, 2016 and the remaining of the machinery will arrive 30 days after the first shipment. The milling machinery parts that were already in the warehouse have already been positioned in its permanent location and will be secured once all the machinery arrives. \"Our meeting with the air handler manufacturer, a little over two weeks ago, went extremely well so we are looking forward to the shipments. Once the air handler and dust collector are on-site, we're looking ...