Earlier today, Hemp, Inc. released it’s sales number for the first quarter of 2014. After an outstanding end of 2013, many expected a good first quarter, but an increase of 1,182% over the the same period of time of last year was not in the forecast.
With a first quarter sales number of $5,463,215, HEMP outperformed ALL of last year by 132% in just three months (and the 4th quarter of 2013 by 656%). Since moving from it’s developmental stage to it’s operational stage, Hemp, Inc. has seen immediate success.
“We are seeing the momentum continuing to build from our sales and marketing efforts. As the first all-hemp public company in the industrial hemp industry, Hemp, Inc. remains grounded and steadfast on ensuring the integrity of its guiding principles and commitment to our shareholders… the proof is in the numbers, … We continued the tenacious execution of our marketing strategy during the first quarter, further positioning the company for long-term growth and increased shareholder value,”
– Bruce Perlowin, CEO of Hemp, Inc.
Hemp, Inc. executives say due to the company’s stability, both financially and operationally, and its commitment to the shareholders, the company expects to continue generating positive sales, in its consulting division as well as in its other corporate divisions, through the remaining fiscal year. – Globe Newswire
What does this mean for HEMP? Back on March 26th, when the agreement with HIMR was announced, I wrote my take on HEMP, “HEMP has announced: market research in aquatic cultivation, announced a new head of investor relations, partnership for the development of a radio station and acquired interest in an alternative energy product company, ALL IN MARCH. Hemp, Inc. is pushing to maintain it’s place in the front of the pack in the hemp industry. Expect the stock to make slow and steady gains, unless a major deal or break in news comes into play.” I still like Hemp, Inc. and think that is currently a bargain now being traded at $0.0823 per share (HEMP closed at $0.1078 per share on March 26th). 2014 should be a breakout year for the industry leader in industrial hemp. HEMP has stayed near the top of my watchlist and I will have an eye open for a re-entry point.
Rosenberg (OTC Daily)