Hemp Inc announces US hemp fibre sale agreement
America's Hemp, Inc. has entered into a definitive 5-year term agreement to sell its industrial hemp fiber from its decortication plant in North Carolina to a premium hemp denim apparel company, Hemp Blue, it said in a press release.
Hemp Blue, Inc. specializes in environmentally friendly clothing and advocates for the return of agricultural hemp as a sustainable crop in the US. Hemp Blue will purchase the raw hemp fibre for the production of its hemp denim fabric and manufacture their hemp denim apparel line in the US all from hemp grown in the country.
Hemp, Inc.'s subsidiary, Industrial Hemp Manufacturing, LLC, is in the final phases of bringing a raw kenaf/hemp processing plant online in North Carolina and is expected to be operational early 2016 for the processing of kenaf, and expects to be operational for hemp processing in the third or fourth quarter of 2016....
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