Flameret (OTC Pink: FLRE) announced today that it has filed and received approval for Royal Hemp Corporation, a new wholly-owned subsidiary in the State of Colorado. At the same time, the company also announced that it has completed the filing of its financial reports at Otcmarkets.com and it has received current information status.
Royal Hemp Corporation has been formed to hold and market the hemp assets of the company. Flameret previously announced a successful test of its Flamex product when it was applied to industrial hemp. Flameret’s interest in industrial hemp goes well beyond the potential applications of its current product line to industrial hemp. The company plans on introducing its own line of products that will be derived from industrial hemp. The first product will be available for sale in approximately one week.
Industrial hemp is one of the most useful and often misunderstood agricultural products on the face of the earth. The cultivation of industrial hemp has been banned in the United States for decades. The most popular explanation has always been industrial hemp’s association with the marijuana plant.
Beginning in the 1990’s, the social and political climates regarding industrial hemp and medical marijuana began to change in the United States beginning with the approval of medical cannabis in the state of California. After numerous federal legal challenges, the basic rights of doctors to approve cannabis for medical use was affirmed and many states followed California’s position on the legalization of cannabis for medical use.
Over the past 24 months, the push to legalize the farming of industrial hemp in the United States has gained widespread appeal among nutritionists, environmental conservationists and industrialists that understand industrial hemp’s use as a super food, nutraceutical, rope, textile, and its many other uses. The United States Farm Bill of 2014 approved hemp production in 10 states at state agricultural departments and state universities for research purposes.
John Meredith, Chief Executive Officer of Flameret, Inc. remarked, “We are excited to bring this news to the marketplace and we are thrilled that we will be able to deliver our first hemp-based product to the marketplace within a week.”
Mr. Meredith completed his comments by saying, “We believe there is a very large market for our first product. We appreciate the patience and the commitment from all our shareholders.”
Flameret, Inc. has developed fire retardant products to suit a wide range of applications. These products are marketed under the brand names; Flameret, Flamex, Ultra Flamex and Impex. Flameret™ products are patented and held in the name of United American Inc.
The company is also in the process of launching a new line of products derived from industrial hemp. These products will be marketed under a wholly-owned subsidiary of Flameret, Inc.
About Royal Hemp Corporation
Royal Hemp Corporation is a Colorado corporation which was created to market and sell hemp based nutraceuticals, industrial products and consumer goods in the United States and throughout the world. All of the corporation’s products will be legal to sell in all states in the United States and in many countries throughout the world.
The press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to the Company's development program and any other statements that are not historical facts. Such statements involve risks and uncertainties, including, but not limited to, those risks and uncertainties relating to difficulties or delays in development, testing, regulatory approval, production and marketing of the Company's products, the uncertainty of patent protection for the Company's intellectual property or trade secrets, and the Company's ability to obtain additional financing. Such statements are based on management's current expectations, but actual results may differ materially due to various factors, including those risks and uncertainties mentioned or referred to in this press release.