Connect with us

INDUSTRIAL HEMP

Hemp Inc (OTCMKTS:HEMP) Infrastructure Divisions Creating A Strong Growth Platform

Published

on

David Schmitt, COO of Hemp Inc (OTCMKTS:HEMP)‘s 100% owned subsidiary entitled Industrial Hemp Manufacturing, LLC reported that IHM has already engaged additional staff to increase work shifts. By the close of this month, the firm projects to be running another shift. The new additional staff are being trained to manage their milling operation and their Cannabidiol extraction equipment.

The details

Schmitt added that just to fulfill demand, they will require to have shifts across the clock, 24/7, by the close of the second quarter. They have already commenced trials on additional milling equipment so as to fulfill the demand for the oil and gas drilling industries. More recently, West Texas Intermediate crude oil was trading around $61.44 per barrel. The crude oil price hasn’t been this high since 2014. As crude oil prices surge, there will be increasingly more active drilling rigs getting online.

In gas or oil well drilling, “loss circulation” happens when drilling fluid moves into one or more geological structures instead of going back to the annulus. “Loss circulation” can be a grave concern during the drilling of a gas well or an oil well. Hemp as reported in a previous PR, has a provisional patent that comprises company’s course of dramatically lowering the cost, energy and time required to create spill absorbents and LCMs utilizing green natural plant materials, leading in a superior quality product for the gas and oil industries.

Bruce Perlowin, the CEO of Hemp, reported that they have been driving home to their shareholders that their infrastructure divisions have allowed them to establish a robust growth platform. It’s now starting to pay off, as they are vigorously selling now. These initial two purchase orders are merely the start. They are positioning themselves to be the ‘go-to’ supplier firm in helping formulators, entrepreneurs, distributors and manufacturers shape the industrial hemp market with products ranging from oil absorbents and fiber to custom blended Cannabidiol oil.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

BRANDS

DETAILS

SCORE

PRODUCT SITES

  • Certified Organic
  • Made In U.S.A
  • Purity Promise
  • Price From $49

9.8

30% OFF Today! “30 0FF”

  • All Natural
  • Made In U.S.A
  • Lab Tested
  • Price From $69

9.7

  • All Natural
  • Made In U.S.A
  • Dissolvable Oral
  • Price From $99

9.6

  • All Natural
  • Made In U.S.A
  • Oral Mist
  • Price From $39

9.5

BRAND
DETAILS
  • All Organic
  • Made In U.S.A
  • Purity Promise
  • Price From $49
SCORE

9.8

PRODUCT SITE
BRAND
DETAILS
  • All Organic
  • Made In U.S.A
  • Lab Tested
  • Price From $69
SCORE

9.7

PRODUCT SITE VIEW PRODUCTS
BRAND
DETAILS
  • All Organic
  • Made In U.S.A
  • Dissolvable Oral
  • Price From $99
SCORE

9.6

PRODUCT SITE VIEW PRODUCTS
BRAND
DETAILS
  • All Organic
  • Made In U.S.A
  • Oral Mist
  • Price From $39
SCORE

9.5

PRODUCT SITE VIEW PRODUCTS
Advertisement

Symbol        Alert        High        Gain

 

  VBIO          $0.67       $4.10      500%

  IMLFF        $0.11       $0.57      400%

  CMXC        $0.25       $0.45      80%

  REPCF       $0.54       $0.79      48%

 

Get Your Latest Winner Delivered to Your Inbox!

FREE

For The Next 48 Hours

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement