Clean Power Concepts Inc. Announces Name Change to Hemp Technology Inc.
LOUISVILLE, Ky., April 1, 2019 /PRNewswire-PRWeb/ -- Clean Power Concepts Inc (OTC PINK: CPOW ) CEO Michael Shenher announced that the company has changed it's name effective January 18, 2019, to Hemp Technology Inc.
Additional related announcements will follow in due course.
is striving to become the largest vertically-integrated producer, manufacturer, and distributor of hemp-derived high-value phytocannabinoids in the world. We are a B2B, bulk and wholesale supplier of hemp-derived CBD isolate.
The parent company, Hemp Technology Inc. specializes in creating maximum value through patent-pending processes to create nano-emulsions, and water-soluble CBD to serve the growing market.
Hemp Technology Investors Summary:
Hemp Biotech, a subsidiary of Hemp Technology are both listed on the 2019 list of License Holders in Kentucky as Processor/Handlers:
Hemp Technology’s product line-up includes whole plant hemp, CBD isolate powder, high CBD hemp seeds, CBD distillate oil, and full extract CBD oil.
Hemp oil has a higher wholesale price than isolate and market demand is increasing globally. CBD is only one possible revenue stream that can be sourced and isolated from hemp. The Hemp Technology team is well versed in distilling these potential resources that allow us to capitalize on the hemp plant in its entirety.
The current wholesale price of CBD isolate is well over $3,800 USD per kilogram and has continued to rise. We expect the Company will be able to produce a minimum of 1,5400 kilograms of CBD isolate per month sold at $4,500 a kilo wholesale, conservatively. The wholesale price for the minor cannabinoid, CBN, is currently $50,000 a kilo. We will be able to produce 50 kilos and have priced to sell at $40,000 a kilo.
Based on the Company’s established industry connections, the Company anticipates that it will be able to sell more CDB/CBN that it is able to produce. This will open the door for new partnerships to meet the strong industry demand for hemp.