LAS VEGAS, Dec. 3, 2013 (GLOBE NEWSWIRE) — Hemp, Inc. is pleased to update shareholders on the recent harvest of 108 acres of hemp in Northwest China. The crop has yielded approximately 40,000 kg of seeds and 35,000 kg of raw fiber, according to Hemp, Inc.’s contract partner, the Yasheng Group, which is noted as one of China’s largest agricultural producers. There is also a sizeable amount of chaff.
A photo of the seeds, fiber and chaff (stems) is posted on Hemp, Inc.’s info blog site www.hempnewsupdates.com.
The seeds will be hulled to produce sought after hemp hearts. “The initial sample of hemp hearts is good quality, and Yasheng Group has assured us that the hemp fiber is suitable for textile manufacturing,” stated Hemp Inc. President, David Tobias. “The hulling process will reduce the final seed product weight by 40-50%, but the value and marketability of hemp hearts is excellent. The combined revenue from the hemp hearts and finished fiber products should prove substantial to Hemp, Inc.’s bottom line.”
Hemp hearts contain 33% protein and 9% omega fatty acids and are becoming a very popular superfood among health conscious people. “They’re essential to a well-balanced diet and can be added to a smoothie, mixed in cereal, or sprinkled on a salad; and they pack a mean nutritional punch,” stated Hemp, Inc. CEO Bruce Perlowin. “We are also very much concerned with providing sustainable building products, and chaff is used in hemp concrete. It’s resistant to mold and mildew, insects and fire, and is carbon negative”.
According to a July 24, 2013 report by the Congressional Research service, total sales of products containing hemp are estimated to be nearly $450 million per year, with food and body care products growing. “The marketplace for these and all industrial hemp products has expanded into the mainstream and it’s exciting to be offering hemp goods that Hemp, Inc. has produced from seed to sale”, Perlowin continued, “We choose China because it has a very long history, over 4,000 years of cultivating and using hemp, and has the infrastructure in place to manufacture. Hemp, Inc. 100% supports American farmers efforts, and even paid for a film crew to document Ryan Loflin’s planting in Colorado. We look forward to marketing American industrial hemp products as soon as possible”, said Perlowin. “The development of Canada’s hemp market followed a 60 year prohibition — we are positioned at the birth of an industry!”
Hemp, Inc.’s TRIPLE BOTTOM LINE
Hemp, Inc. (HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in “upstreaming” of a portion of profit from the marketing of their finished hemp goods back to its originator. By Hemp, Inc. focusing on comprehensive investment results—that is, with respect to performance along the interrelated dimensions of people, planet, and profits— our triple bottom line approach can be an important tool to support sustainability goals.