Thursday, January 08, 2015 2:08:07 PM
Over 70% of the world hemp production is in Asia where the Company’s farm management operations are based. In addition to the seeds and oil, hemp is valued for its fiber which is used in dozens of industrial products and hemp produces several common cannabinoids that are being studied for their medicinal values. Mr. Blankenbaker concludes, “Longer term we intend to leverage our farming and extraction technologies we developed for stevia and position the Company to be the major hemp player in the US.”
And in March 2014, Stevia Corp. announced the Company has registered a wholly owned subsidiary, Real Hemp LLC, an Indiana limited liability company, as part of its strategy to enter the US hemp industry and become a leading importer, manufacturer and licensor of hemp products and hemp derivatives. In July, 2014, Real Hemp LLC announced that they were “confirming orders from US manufactures wanting to purchase hemp products” and “preparing to fulfill these orders when the current hemp crop is harvested beginning in October 2014.” Products range from hemp seeds and their by-products such as edible oil (richest source of essential fatty acids) and protein (contains all of the essential amino acids and is easy to digest) to fiber (used by more than 65 industries) and cannabidiol (CBD) extract (sought for medical applications and used as a dietary supplement)
George Blankenbaker, Stevia Corp President, comments, “Real Hemp is very focused on developing and commercializing cannabidiol (CBD) intellectual property and products which we believe will provide high margin revenues and be a major contributor to bottom line growth in 2015.”
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