Hemp Inc (OTCMKTS:HEMP) closed at $0.232 and reported a net plunge of 2.52% on April 9, 2015. If taken into consideration the financial performance, Hemp doesn’t look that much solid. But its continuous efforts for overcoming this situation are making the real difference. As per the reports, Hemp is looking forward to completing the leading Industrial Hemp Decortications Facility of North America as soon as possible.
Insights On The Matter:
Hemp Inc. managed to earn net income of $2.7 million in 2012, but due to adverse situations, it was dragged down to $1.2 million net income in the next year. The below average performance of Hemp hurt its management as well as shareholders though it bounced back in the subsequent months and registered some of the great operational achievements. Back in 2013, U.S. hemp industry was not going through a good phase, but things have changed now. Hemp Inc. seeks to offer research and development activities to suggest the various effective usage of industrial hemp. Along with services, it also offers products based on industrial hemp.
Hemp Inc has posted on its official website that people should not misunderstand hemp with marijuana. The latter is dangerous, illegal and banned in United States while hemp is a safe product. In order to aware people about various utilizations of hemp for good, the company took the challenge to complete hemp decortications facility some time back. By far, it’s the largest facility of the North America and Hemp Inc (OTCMKTS:HEMP). is on the verge of completing it. As soon as this facility is completed, Hemp Inc. will become the largest industrial processor of kenaf in the area.
The management of the company is excited on this achievement and hopes that it will help the company in taking its revenues from $2.3 million (on January 1, 2014) to newer heights. Market experts agree with what the senior management of Hemp Inc. thinks.