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SOURCE Hemp, Inc.
LAS VEGAS, Oct. 9, 2013 /PRNewswire/ -- Over 60 hemp activists and supporters, who gathered this past weekend, were able to reap the results from the first industrial hemp harvest in the United States in over 60 years and Hemp, Inc. gained a first-hand account of it.
According to one advocate, Tom McClain, the goal was to preserve the seed in order to avoid contamination with the foxtail grass. This diaspore caused more weeds than hemp in the field that Ryan Loflin, a Springfield farmer, planted back in May this year. Erik Hunter, one of the founders of the Rocky Mountain Hemp Association, was there gathering a sample to determine levels of production and to figure out proper planning of the harvest.
"It was a pretty big learning experience. We learned quite a bit," one source quoted Loflin.
Bruce Perlowin, CEO of Hemp, Inc. said, "I said it before and I'll say it again... this is a monumental step for the industry. What we are all trying to get people to understand is that this will finally unlock a clean industrial revolution that will not only be economically sound, but environmentally advantageous. And think of the jobs this will create." The Huffington Post, in their recent article, stated, "this harvest may be the symbolic first that restarts a once-booming American industry, if other farmers choose to follow Loflin's lead."
A new law signed last week by California's Governor, Jerry Brown, may also enable California farmers to be able to finally grow industrial hemp too. Supporters of the bill say industrial hemp is a "$500 million industry in California and is growing by 10% annually."
Hemp, Inc.'s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC.PK: 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.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance, or achievements of Hemp, Inc. to be materially different from the statements made herein.
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