Hemp Inc (OTCMKTS: HEMP) is an OG OTC cannabis stock and a pioneer in the hemp industry spanning well over a decade, the Company’s mission to provide the highest quality hemp products and information to its customers. Hemp, Inc. has manufacturing facilities in Spring Hope, NC and Las Vegas, NV, where Hemp produces some of the best cannabinoid products available and at an extremely attractive prices. Hemp’s 85,000-square-foot facility on over 9 acres in Spring Hope, N.C. is one of the largest industrial multipurpose hemp processing facilities in North America.  

Hemp has established a network of industry professionals in every segment of the industrial hemp industry and continues to advance an ever-growing portfolio of revenue and value-generating synergistic businesses. Hemp also has its full line of CBD/CBG/CBN products that includes CBD-CBG Topical Pain Relief Roll-on, CBD/CBG Natural Coffee Enhancers, CBD/CBG Tinctures, and CBDa/CBGa/CBD/CBG/CBN Capsules. Hemp, Inc. also has the means to produce hempcrete, horse bedding, hemp bio-plastics, and more. 

Hemp Inc.’s CBD/CBG Tinctures are made from hemp isolate (99% pure), fractionated organic coconut oil (MCT oil) and USP grade β cyclodextrin (BCD), which increases the body’s ability to quickly absorb the cannabinoids in the intestines. This same tincture (minus the BCD) is used in Hemp Inc.’s Coffee Enhancer.  Hemp Inc. also has a potent Pain Relief Roll-on that has received rave reviews from users. For people who prefer capsules, Hemp Inc. offers CBDA/CBGA capsules, CBD/CBG capsules, as well as CBD/CBG/CBN capsules. The Company’s King of Hemp ® products include Caviar, Diamonds, Pre-Rolls, Fortified Pre-Rolls and high-CBG Pre-Rolls under the Midnight Express moniker. Full product information and laboratory analysis for every King of Hemp ® product is accessible online as well as in USA Grocery stores.

At Hemp’s Spring Hope, N.C. facility, the Company produces Spill-Be-Gone™ and Drill-Wall™; both Hemp/Kenaf blends of a product that is well suited as a base for Hemp/Kenaf plastics, oil/gas well drilling and oil spill cleanup. Spill-Be-Gone™ is sold in industrial sized quantities for large oil spill cleanups. It is exclusively available through Industrial Hemp Manufacturing LLC. It is a quick absorbent and is cost effective in cleaning up oil spills on land or water. It can also be disposed of in a green manner. It can be used by first responders to clean up oil spills on highways and land and is several times more absorbent than clay. 

Hemp’s DrillWall™ is a tested loss circulation material (LCM) consisting of kenaf and hemp cellulose. It includes milled products from kenaf and hemp that are made into oil drilling fluid additives and oil absorbents.  DrillWall™ is insoluble in water, non-toxic, and is a biodegradable drilling fluid additive used in oilfield drilling applications. This product is used by many major oil, water and gas companies. Hemp Inc.’s proprietary LCM product also acts as a borehole stabilizer, a lubricating agent, as well as prevents differential sticking. The proprietary LCM product works faster to plug the leaks and is cost competitive with most LCM materials. 

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On February 16 HEMP announces its largest industrial product sale to date. Four semi-trucks hauled 120,000 pounds of Hemp, Inc.’s DrillWall™, the only all-natural kenaf/hemp Loss Circulation Material (LCM) blend of its kind on the market, for the oil and gas well drilling industries.   The sales agreement was initially signed at the end of 2019 through Hemp, Inc.’s subsidiary, Industrial Hemp Manufacturing, LLC, (IHM), and was set to sell 1 million pounds worth of DrillWall™ over the course of one year. However, due to the COVID-19 global pandemic rearing its ugly head (or ugly spikes), there was a disruption in the distribution. 

On a cost-performance basis, DrillWall™ is superior to most LCMs in the marketplace and is the best option for buyers looking for non-toxic alternatives for their operations. Specifically, DrillWall™ is made of kenaf and hemp cellulose. It also includes milled products from kenaf and hemp that are made into oil drilling fluid additives and oil absorbents. Thus, there has been a sea of interest in DrillWall™ and Spill-Be-Gone™ (and their raw materials) over the past several months so the Company is expecting ample activity at the plant in North Carolina. 

HEMP CEO Gary Perlowin stated: “We are back on track with distribution under this agreement and we are also (separately) negotiating a substantial order for literally everything we have at our processing facility in North Carolina,” says Gary Perlowin, CEO of Hemp, Inc.  There are 444,000 pounds of Spill-Be-Gone™ (an oil spill cleanup product made from the core particles and powder of the kenaf and hemp plant) and 750,000 pounds of raw kenaf bales that can be turned into Spill-Be-Gone™ in a 60-day period.  Farmers are also on standby, ready to grow more kenaf this year in order to keep a continual supply. 

$HEMP – Hemp, Inc. Announces Largest Industrial Hemp/Kenaf Sale to Date https://t.co/U4CVFObB57

— Bruce Tarleton (@Kbtarl) February 17, 2023

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Currently trading at a $7.5 million market valuation HEMP has significant assets on the books especially in land and property as well as debt and steady revenues on the books. As we said HEMP is one of THE OG OTC cannabis stocks and a pioneer in the hemp industry spanning well over a decade, that his historically made some enormous moves whenever cannabis stocks light up the OTCQB. Sitting right at its historical lows HEMP will have buyers if it manages to gain any momentum northbound. HEMP has a past of massive dilution leading most investors to stay away for the stock; there is a reason its in the triple zeroes. We will be updating on HEMP when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

Disclosure: we hold no position in HEMP either long or short and we have not been compensated for this article.