|Over a week ago|
Rising High: Alberta lifts cannabis vaping ban as firms report earnings » 10:1902/1302/13/20
SPRWF, KERN, ACB, HEMP, APHA, CVSI, CTST, CRON, CGC, CANN, IGC, TLRY, TCNNF, ZYNE
In this week's "Rising…
Hemp, Inc. enters LOI with One World Pharma to buy CBD products » 08:1502/1102/11/20
Hemp, Inc. announced the…
Hemp, Inc. announced the execution of a letter of intent, or LOI, between the company and One World Pharma. According to the LOI, Hemp Inc. will purchase 3,000 kilograms of CBD Crude and CBD Distillate every 3-4 months from One World Pharma. The price per kilo will be based on the prevailing U.S. market price less mutually agreed volume discounts. Hemp, Inc. expects its price to be 30% below the U.S. wholesale market prices, at the time of purchase each month. The LOI sets forth a due diligence period and the shipment of a sample from Colombia to the United States.
Hemp, Inc.'s North Carolina operation enters $1M sales agreement for DrillWall » 08:1202/0402/04/20
Hemp, Inc. announced that…
Hemp, Inc. announced that Hemp, Inc.'s wholly owned subsidiary, Industrial Hemp Manufacturing, is now fulfilling a $1M sales agreement for its DrillWall, their proprietary kenaf-hemp blend natural Loss Circulation Material product for the oil and gas well drilling industries. The Company has executed a sales agreement to sell $1M worth of DrillWall over the course of one year. According to Hemp, Inc. CEO, Bruce Perlowin, IHM received its first $30,000 payment and shipped the first batch of DrillWall out about a month ago. Yesterday, another $60,000 payment was received for the second batch of DrillWall. "We expect another $90,000 to go out this month and $150,000 to be shipped in March with the balance being shipped throughout the rest of 2020," said Perlowin. IHM is based in Spring Hope, North Carolina, and is the production facility for DrillWall, along with other industrial hemp products.
|Over a month ago|
Hemp, Inc. supports House legislation that promotes CBD as dietary supplement » 08:2101/2101/21/20
Hemp, Inc. announced its…
Hemp, Inc. announced its support of new bi-partisan House legislation that would promote hemp-derived CBD as a substance that could be lawfully marketed as a dietary supplement instead of a drug. House Agriculture Committee Chairman Collin Peterson sponsored the legislation, and found support from lawmakers on both sides of the aisle. The new legislation amends the Federal Food, Drug, and Cosmetic Act to change the way the Food and Drug Administration regulates the product. Hemp and its derivatives were federally legalized under the 2018 Farm Bill, but the Food and Drug Administration is still in the process of developing regulations that would let businesses sell it in the food supply or as nutritional supplements. Under Colin Peterson's new legislation, the Agriculture Department would be required to study "regulatory and market barriers" for hemp farmers and would amend the Dietary Supplement Health and Education Act by carving out a specific exemption for hemp derived CBD. The bill, which has been referred to the Agriculture and Energy and Commerce Committees, also includes a provision that would require the U.S. Department of Agriculture to research the costs of destroying hemp with excess THC content, the costs of implementing a hemp testing program, the "feasibility" of the testing timeline farmers must follow and "other known or potential challenges" related to participation in a domestic hemp market. The department would have to issue a report on its findings within one year of the bill's enactment.
Hemp, Inc. announces availability of biomass from hemp cultivar » 08:2301/0801/08/20
Hemp has announced that…
Hemp has announced that approximately 33,000 pounds of hemp biomass have been processed and are now available for sale. The biomass that is available for sale tested at a minimum of 7.5% cannabidiol. The biomass is from Pre-98 OG Bubba Kush, one of the top selling cultivars on the market.
Hemp, Inc. announces support of USDA's new insurance option for hemp » 08:1012/3012/30/19
Hemp announced its…
Hemp announced its support for the U.S. Department of Agriculture's new crop insurance option for hemp growers in select counties of 21 states in 2020. The insurance program will provide Actual Production History coverage under 508(h) Multi-Peril Crop Insurance. The MPCI coverage is for hemp grown for grain, fiber, and CBD oil for the 2020 crop year. This offering comes in addition to the Whole-Farm Revenue Protection coverage program available to hemp growers that was announced earlier this year. This new pilot insurance program is open to eligible producers in certain counties in Alabama, California, Colorado, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan, Minnesota, Montana, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee, Virginia, and Wisconsin. Additionally, beginning with the 2021 crop year, hemp will be insurable under the Nursery crop insurance program and the Nursery Value Select pilot crop insurance program. Hemp will be insurable if it is grown in containers and in accordance with federal regulations, any applicable state or tribal laws, and terms of the crop insurance policy.
|Over a quarter ago|
Hemp, Inc. announces support of USDA proposed hemp rules » 10:1610/3110/31/19
Hemp announced its…
Hemp announced its support of the White House's approval of plans to regulate hemp and its derivatives, signing off on interim final rules for the crop that were submitted by the U.S. Department of Agriculture. In addition to Hemp, Inc.'s 85,000 square-foot multipurpose industrial hemp processing facility in Spring Hope, North Carolina, the Company operates processing center in Medford, Oregon, and a 500-acre hemp growing Eco-Village in Golden Valley, Arizona. The Company will be launching KING OF HEMP pre-rolls later this year; this is one of the first trademark registrations to issue in the PTO's post-Farm Bill era of allowing trademark registrations on products containing less than .3 percent THC and the first trademark registration for "hemp cigarettes." "We have come such a long way since the decades-long ban on hemp. From lifting the ban, to the first harvest in 80 years, we are getting closer to receiving clarity on an array of hemp-specific policies such as safety and quality control standards, so this will be a game-changer for the industry," said Hemp CEO Bruce Perlowin. "This is going to be great for growers, especially small farmers. They'll benefit from the expansion of crop insurance, standards and infrastructure that can be built out based on the sheer certainty that comes with uniform regulations." The details of this plan have not yet been disclosed, however they are expected to provide clarity on an array of hemp-specific policies ranging from THC potency testing guidelines, banking, and quality control standards.
Hemp, Inc. highlights The Fly's interview with CEO Bruce Perlowin » 11:4610/2110/21/19
Hemp, Inc. announced news…
Hemp, Inc. announced news coverage in a "leading digital publisher of real-time financial news," The Fly. The published article features an exclusive interview with Hemp, Inc. CEO, Bruce Perlowin, for its recent edition of "Rising High". During the conversation, Perlowin "discusses smokeable hemp; providing green solutions through a healthy, eco-friendly approach; the Company's social mission, expansion, competitive advantage, challenges and opportunities; and the critical importance of infrastructure for hemp in America," Hemp said in a statement. Reference Link
Rising High: An exclusive talk with industrial hemp company Hemp Inc. » 13:2010/1710/17/19
HEMP, APHA, ACB, CVSI, CRON, TLRY, CTST, CGC, CANN, IGC, ZYNE, TCNNF
In this edition of…