Hemp Inc (OTCMKTS:HEMP) is looking to make a move back 0ver the $0.02 mark as the stock has continued to slide in recent months since the $0.06 break earlier this year. In early 2014 is when HEMP saw its biggest move which are harder to come by these days due to dilution and the increasing share count.
While HEMP is not officially an MJ stock it trades with the sector which recently got a boost as many new states have legalized the drug including California, Nevada, Maine, and Massachusetts on November 8.
Hemp Inc (OTCMKTS:HEMP) is holding company with a number of subsidiaries operating in the industrial hemp sector as well as the legal cannabis industry. The Company intends to focus on the huge peripheral businesses created by the quickly emerging, and growing, multi-billion dollar medical marijuana and hemp industries.
The big story here is HEMP’s Temafa decortication line in North Carolina. The automated Temafa decortication equipment is designed to separate the fiber from the core of the hemp plant through a process known as decortication.
The Temafa decortication line