Incline Village Nevada–GLOBE NEWSWIRE (June 15 2022) Hemp-Solutions, Inc. (the “Company” (www.hemp-solutions.us) is pleased to announce that Thomas Ducharme has joined our staff as Chief Science Officer. He held the previous position as president and founder of iHemp alliance company. Mr.
Ducharme started his career in Quality Control Engineering and graduated from University of Advancing Computer Technology in 1997. Mr. Ducharme has led a team of organic scientists in applying natural fertilizers, plant genetics, propagation concepts, aeroponics, organic soil design and plant methodology. He has coordinated Investors, Lenders, to Mechanical Engineers, versed in Hemp Processing and facility design.
Mr. Celecia indicated “Mr. Ducharme is an incredible source of information regarding science and technology driving the future of the Industrial Hemp industry and will help guide Hemp-Solutions, Inc. into becoming a major US operator in processing Industrial Hemp and developing products and markets as its Chief Science Officer.”
Industrial Hemp (Legalized in the US 2018 Farm Bill) also represents a new cash crop for US farmers that has the added benefit that it is a net “Carbon Negative” crop in that it pulls more carbon out of the atmosphere and returns it to the soil than the carbon that is utilized in its farming and processing. As such, Industrial Hemp represents a new “Green Industry”. Industrial Hemp represent a new industry ranging from the supply of fiber to supplement or replace plastic, concrete, wood replacement, paper products, and hundreds of other carbon negative products.
Hemp-Solutions Inc. has seen a shortage of Industrial Hemp processing plants in key farming areas wanting to incorporate Industrial Hemp as a new cash crop. The company plans to initially secure existing bio-mass from farming sources and is raising capital via a (First Round) Private Placement for one million dollars (downloaded at www.hemp-solutions.us) to build its first processing capability to begin filling orders. A (Second Round) Private Placement for five million dollars is planned to expand operations to other locations. The business opportunity that Hemp-Solutions, Inc. is offering farmers is to construct Industrial Hemp high-capacity processing plants in the local community, to buy the bailed hemp from the farmer at an agreed price under a contract signed before the hemp is planted and to assist the farmer in the proper planting and harvesting procedures. Hemp-Solutions, Inc. will process the bailed hemp into “Best Fiber”, “Hurd Pellets and sell these products to third party wholesale markets and manufacturers.
How Big Might the Hemp Fiber Sector Eventually Become?
The potential of hemp fiber and grain (that is, hemp seeds intended for consumption) and not for planting is well-known. In mid-September 2021, in response to a request from the White House Domestic Policy Office, the National Hemp Association (NHA) released an economic impact report regarding the potential of a sustainable hemp industry in the U.S. According to the report, the domestic hemp fiber and grain sector is projected to have a $32 billion “impact” by 2030. The NHA report is based on the assumption that, with enough education and investment, hemp could become another major rotational crop for American farmers.
About Hemp-Solutions, Inc.:
Hemp solutions, Inc. is a new private corporation headquartered in Nevada and incorporated in Wyoming. Hemp-Solutions, Inc. was founded by the former CEOs of two public companies to take advantage of a growing opportunity-in the new Industrial Hemp marketplace. More specifically Hemp-Solutions, Inc. is currently raising initial operating capital in a private placement and intends to attempt to take the company public in the future to allow liquidity for its initial investors. More detailed information can be found on the company website at www.hemp-solutions.us or by directly contacting Mr. Frank Celecia, the CEO, using the contact information shown below.
This press release may contain forward-looking statements, including information about management’s view of Hemp Solution’s future expectations, plans and prospects, including within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the “Act”).This press release contains forward-looking statements that involve numerous risks and uncertainties These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties, including those related to COVID-19. Actual results, performance or achievements could differ materially from those anticipated in such forwardlooking statements as a result of certain factors. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future.
SOURCE Hemp-Solutions, Inc.