Hemp, Inc. Profiled as One of the Leading, Innovative Companies in Recent Industrial Hemp Market Report

LAS VEGAS, NV, Oct. 24, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -  A recent report by 360iResearch cited Hemp, Inc. (OTC PINK: HEMP) as one of the leading and innovative companies in the industrial hemp market, a market it says will be worth $81.54 billion by 2030.  The exclusive report, Industrial Hemp Market by Type (Hemp Fiber, Hemp Flower), Source (Conventional, Organic), Application – Global Forecast 2023 - 2030, categorizes the industrial hemp market into sub-markets in order to forecast the revenues and trends in each. It also offers an insightful look at the current state of vendors by comparing its contributions to “overall revenue, customer base, and other key metrics” of hemp.  Of particular interest in this report is its “FPNV Positioning Matrix” which organizes vendors into four distinct quadrants representing varying levels of success (forefront, pathfinder, niche, or vital) – all of which has put Hemp, Inc. among the top companies in the hemp market.

With over 14 years of experience in hemp cultivation, hemp farming, hemp processing, and educating on the benefits of hemp, Hemp, Inc. plays a pivotal role in the industrial hemp industry. The company's product line includes CBD, CBDA, CBG, CBGA, and CBN, all derived from hemp and known for their therapeutic properties.  The Company also discovered its grounded kenaf and hemp blend is the perfect substrate to grow healthy and/or medicinal mushrooms and has the capability to make and/or provide the raw materials to produce hemp-based products such as hempcrete, horse bedding, hemp bio-plastics, and more. As one of the most rapidly growing plants on the planet, the hemp plant is used to make a variety of hemp products. It can be shifted into rope, paper, textiles, clothing, disposable polymers, paint, insulation, food, and animal feed.

These factors are influencing the hemp market and creating exponential growth opportunities for Hemp, Inc. and other industry businesses in the hemp market.

On the industrial side, Hemp, Inc.’s industrial hemp plant in North Carolina manufactures and sells two industrial hemp products: Spill-Be-Gone (an oil spill cleanup product made from the core particles and powder of the kenaf and hemp plant) and DrillWall (a non-toxic, biodegradable drilling fluid additive used in oilfield drilling applications).