CARSON CITY, NV–(Marketwired – Jun 22, 2015) - Rapid Fire Marketing (OTC PINK: RFMK), a developer and reseller of herbal vaporizers, announced today that the Company has acquired assets, including equipment as well as a land lease, to begin Industrial Hemp farming in California.
In addition to the Company’s vaporizers, including the PocketPuffer™ Dry Herbal Vaporizer, this acquisition of equipment and land lease represents a second division of Rapid Fire Marketing’s business — Industrial Hemp Farming. It is the Company’s plan to set up multiple business divisions to diversify income streams and to get the Company to cash flow positive as soon as possible.
All of the equipment needed for the Company’s industrial hemp farm, including a skip loader tractor, 2,000 gallon capacity water truck, water storage tank which holds 25,000 gallons and harvesting equipment, was purchased by the Company through an asset purchase agreement for $90,000.
Within the next 30 days, the Company will begin preparation of farmland for industrial hemp farming. The land will be cleared of rocks and debris and plowed to enable the Company to begin planting immediately upon receiving a permit from the State of California Department of Agriculture.
The 66-acre farm is located in the Inland Empire section of California. All capital equipment is operational and ready to commence preparing land for industrial hemp farming. Four crops per year can be harvested on the available land. Net profits for an acre of hemp range from $200-400 per acre, which makes hemp one of the most valuable crops in the world. Therefore, the Company expects around $80,000 in net profits the first year once the permit is received and planting begins. As crops are sold, the profits generated will be used to obtain additional acreage for expansion of the business available for lease.
Industrial Hemp Industry
Industrial Hemp is currently legal to grow in more than 30 countries including Canada, Germany, England, France, Spain, Australia, New Zealand, the Russian Federation, China, Hungary and Romania. The United States currently imports all hemp products.
California is one of fifteen states (the others are Arkansas, Hawaii, Illinois, Kentucky, Maine, Maryland, Minnesota, Montana, New Mexico, North Dakota, North Carolina, Vermont, Virginia, and West Virginia) that have passed pro-hemp laws or resolutions. An additional thirteen states have considered pro-hemp legislation or resolutions.
On February 7, 2014, President Obama signed the Farm Bill of 2013 into law. Section 7606 of the act, "Legitimacy of Industrial Hemp Research", defines Industrial Hemp as distinct from marijuana and, in states where hemp is legal to grow, authorizes institutions of higher education or State departments of agriculture to grow hemp for research or agricultural pilot programs. Since industrial hemp has not been grown in the United States since 1957, there is a strong need for research to develop new varieties of industrial hemp that grow well in various states and meet current market demands. Every state where industrial hemp is legal to grow will provide their own licensing requirements, which is currently underway in the majority of states that have legalized the cultivation of industrial hemp including California.
The Permit Process
California is currently putting the infrastructure in place to facilitate the aforementioned permit process. As of now, it is unknown how long the process will take. In the meantime, the Company is actively executing employment contracts into place as well as the infrastructure to begin industrial hemp farming as soon as it is possible.
Why Industrial Hemp?
Rapid Fire Marketing’s new business plan is the production of industrial hemp to benefit from the recent deregulation of Industrial Hemp throughout the United States. Once harvesting begins, Industrial Hemp will then be sold to processors of the fibrous plant. Industrial Hemp has no psychoactive properties in any part of the plant and is cultivated as an agricultural field crop. The plant grows as a stalk to a height of 4 to 15 feet within 90-110 days. Industrial Hemp produces more fiber, food and oil than any other plant on the planet.
Tom Allinder, CEO of Rapid Fire Marketing, said, "This has been in process for a long time, but we are expanding our business from just vaporizers to the industrial hemp industry. It is important for our shareholders to understand that the industrial hemp farming is an addition to our business; it does not represent a change or switch in our business."
Allinder continued, "I have visited the farm and we have plenty of work to do prior to getting a permit. We are going to use a bulldozer to remove some of the rocks and level the land to make it easier to plant and harvest. At first, I was hesitant about any sort of farming in California due to the water shortage but this property has two deep productive water wells on it. The equipment is all in good working order and we are looking forward to getting to work."
Allinder went on to say, "We are in the process of setting up a new website for Rapid Fire Marketing which will cover our Vaporizer division and our Industrial Hemp Farming division in comprehensive detail. After years of work organizing the public side of this Company, I am excited about getting the business side going."
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About Rapid Fire Marketing, Inc.
Rapid Fire Marketing, Inc. is a developer and reseller of herbal vaporizers. The core strategy is to maximize revenues in the rapidly expanding vaporizer industry. The Company has also acquired assets in connection with the development of a new business division in Industrial Hemp farming. Rapid Fire Marketing also looks to invest and do joint ventures with companies with established revenue streams that are looking to grow their businesses. Rapid Fire Marketing is also looking to grow through acquisitions of companies or technologies that are synergistic with our business plan.
From time to time, the Company may issue news releases that 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, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
Rapid Fire Marketing, Inc.