Business
Hemp, Inc. Announces First Sale of Kenaf
Hemp, Inc. Announces First Sale of Kenaf.
About this update from Hollund Industrial Marine Inc
[{"type":"text","content":"\nLAS VEGAS, June 12, 2014 (GLOBE NEWSWIRE) -- Since purchasing its line of automated decortication equipment and accompanying kenaf, Hemp, Inc. (OTC:HEMP) announced today the first sale of its raw and processed kenaf in the United States. According to Hemp, Inc. executives, a developer in Kingman, Arizona has purchased approximately 12,000 pounds of raw kenaf and approximately 15,000 pounds of finished kenaf fiber for inclusion in the concrete and/or stucco home building materials for their environmentally sound eco-community.\n\n\tBruce Perlowin, CEO of Hemp, Inc. said, \"We are excited to announce this milestone (our first sizable sale) just 3 weeks after the purchase of the decortication equipment and the raw and processed kenaf that came with the purchase.\" According to a Hemp, Inc. recent press release, the purchase of the decortication machinery also included roughly 15 million pounds of raw and processed kenaf which can be sold as construction material and to the automotive, paper, oil drilling, textile industries.\n\n\t\"The kenaf will be incorporated as the base for the construction material to build out 4,500 acres for the Arizona Kins Domain. The kenaf is currently being used in lieu of hemp until our American farmers can increase their hemp crop(s) or until we import it from an outside source, such as China. Since the kenaf is a natural material, we are helping American farmers, and Americans in general, transition from non-sustainable synthetic solutions to a more environmentally friendly hemp-like solution,\" continued Perlowin.\n\n\t\"This first order reaffirms Hemp, Inc.'s long-term business goals of a hemp presence on two continents.\"\n\n\tAccording to Perlowin, disassembling the decortication machinery has been successfully progressing and has put Hemp, Inc. ahead of schedule of moving the machinery to a suitable location for a facility, or plant. One Industry expert stated, \"Hemp grows better in a hot and humid climate, similar to the climate favored by cotton, so the Southeastern part of the United States makes an ideal location. And since this decortication line of equipment is the only one of its kind in the United States, it has put Hemp, Inc. at a strong advantage.\"\n\n\tHemp, Inc. has not only received requests for samples of the kenaf, but has also since received a potential order for 200,000 ...