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A Potential Catalyst for Hemp Inc (OTCMKTS:HEMP)

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One of the constant battles defining the OTC marketplace is to be found in shares of Hemp Inc (OTCMKTS:HEMP). The stock has been basing for the past umpteen years, boxed into a technical range between two cents and a nickel per share seemingly forever. We are on watch for catalysts that might suggest a path to somewhere else. Its Hemp University program represents an interesting device on that level. As such, we find it worthwhile to point out that the company just announced the second Oregon-based Hemp University will take place at Southern Oregon University at 1250 Siskiyou Blvd, Ashland, OR 97520, on Saturday, May 4, 2019.

According to the release, “the second Hemp University in Oregon is a Pre-Planting Support Workshop that will be held from 12:00pm to 6:00pm PST and will feature a keynote speaker and three 90-minute master classes followed by a question and answer session. The workshop will focus on how farmers can begin planting hemp. In addition to the keynote presentation and master classes, a seed, clones, soils and nutrients vendor market will be held for attendees to select specific products for farming hemp just in time for the planting season.”

Hemp Inc (OTCMKTS:HEMP) was founded in 2008. The company has a reputation as one of the more controversial enterprises, even by the standards of either the OTC or the cannabis patch, which certainly paints a picture.

In any case, the company is making strong strides toward reshaping its image as a legitimate emerging leadership play in the industrial hemp space.

Hemp Inc understands its mission to be a provider of “green solutions that help make the world a better place to live. We support products that are eco-friendly, organic, healthy and solutions that replace many petroleum-based products.”

“Hemp Inc.’s wholly owned subsidiary Industrial Hemp Manufacturing, LLC purchased the largest decortication plant in North America, which is located in Spring Hope, North Carolina. The plant is housed in a 70,000,000 square foot warehouse on 9 acres. The company will start producing fiber, loss circulation materials (LCM) and absorbents from kenaf and later from hemp.”

That narrative continues forward to include the concept that “Hemp, Inc. will produce a product for drilling rigs called “lost circulation material” (LCM), which is used for maintaining the seals when drilling for water, oil, gas, and any other liquid or gas. This product alone is capable of producing millions of dollars in revenue since some of the largest oil companies in the world will be our primary customers.”

“Eventually, the company will produce fiber materials for the paper and fabric industries, and other industries that utilize materials from hemp to make products such as plastics, building materials, health, and beauty related products and more.” In other words, the concept of “diversified applications for hemp as an industrial material” is the paramount idea.

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As noted above, HEMP just announced the second Oregon-based Hemp University will take place at Southern Oregon University at 1250 Siskiyou Blvd, Ashland, OR 97520, on Saturday, May 4, 2019.

Traders will note 4% during the past month in terms of shareholder gains in the listing. In addition, the name has seen a growing influx of trading interest, with the stock’s recent average trading volume running 16% beyond its prior sustained average level.

The company’s CEO, Bruce Perlowin, stated, “I run into literally dozens of people who are planning to grow between 50 and 10,000 acres of hemp this year.  However, the majority of them do not have the experience to do this successfully. So, rather than jump into the industrial hemp industry with potentially millions to be made, the best thing you could possibly do would be to grow 5 acres initially.  (It costs $50,000 to participate in the Grow-Off. And, based on our experiences in Oregon, 5 acres can produce up to a million dollars or more of net profit.)  It costs about $100,000 for 5 acres to plant, grow, harvest, and process, based on our experiences with our growers from Oregon last year.  The joint venture arrangement would be a 50/50 revenue split with Hemp, Inc. creating the probability that the grower could generate half a million dollars and Hemp, Inc. would also receive that same amount.  This will not only generate a substantial revenue stream for Hemp, Inc. and its shareholders, it will also generate a nice return on investment (ROI) for the grow-off participants while they learn from industry experts all over America, over a four to six month period.”

At this time, carrying a capital value in the market of $17.57M, HEMP has a reserve ($1.4M) of cash on the books, which compares with about $1M in total current liabilities. One should also note that debt has been growing over recent quarters. HEMP is pulling in trailing 12-month revenues of $400K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 248.3%. We will update the story again soon as further details emerge. Sign-up for continuing coverage on shares of $HEMP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

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

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