Island’s Mission is to strategically align with the agricultural communities of the United States, providing economic opportunity to the heart of our country, the farmers, while also providing a widely sought after resource and product at a higher quality and lower cost into the market that will revolutionize the way that healthcare and wellness are approached.
Island will be the leader in the US Hemp Derived Cannabis Market by the end of 2019. The global industrial hemp market size was estimated at USD 3.9 billion in 2017, which we know is grossly underestimated due to the lack of banking opportunities, regardless, expanding at a CAGR of 14.0% over the forecast period. Growing demand for hemp-based wellness and food products including cooking oil, dairy alternatives, flour, and salad dressings is expected to drive market growth.Island has 7100 acres under contract for the 2019 farming season which will have an expected yield of 14,200,000 pounds of hemp biomass (the monetizable flower of the hemp), having a market value of no less than $35-50 per pound.
The sales of the biomass into the industry can then be monetized a second time by setting up what are known as process tolling contracts, whereas we will run the biomass through our network of labs in order to produce the end derivatives realizing revenues greater than $2000 per unit of oil or isolated cannabinoids.
When Colonel Edwin Drake drilled the first successful oil well in Titusville, Pennsylvania in 1859, few had any idea of how petroleum would change the world. The cannabis industry is in the same place the petroleum industry was in the late 1800s. People are looking for alternative health and wellness options, discouraged with the state of the current healthcare market, the prevalence of chronic disease, and the lack of availability for effective medicines without life threatening side effects.
There is enough money in hemp biomass production and purification to fund the large scale implementation of farming, drying and processing of these essential oils. As we move forward, we will find that not only can we compete and even replace many petroleum derivatives with hemp fiber derivatives, but the oils of the plant are of EXTREME medical interest.
This petroleum analogy is a similar strategy in which ISLAND looks to deploy. Island has access to over 400,000 acres of farmable and contractable land, major university relationships in which we will develop the programs for hemp farming, developing the conversations and educational components around hemp, consulting with the farms to successfully raise hemp, the sales channels to monetize the materials, the capabilities and engineers to build large scale extraction for manufacturing and the retail component.
Starting in 2019 with the 7100 will provide the framework and successful model to ensure Island is able to capture up to 200,000 acres for the 2020 season yielding over 400,000,000 pounds of biomass, as well as the buildout of the physical plant location that can successfully process over 144,000 pounds of biomass daily.
Product being delivered to our centralized holding facility daily!October, 2019
Harvet has begun!!!October, 2019
All acreage planted. Most plants are 6-12" in height. Successful Emergence on all acreage.June, 2019
Successfully executed on the largest genetics contract and partnership in the USMay, 2019
Dropped off 98 pounds of seeds to Oklahoma farmersMay, 2019
Partnered with the largest cattle farmers in the world for farming of 300 acres of their landMay, 2019
Secured major Oklahoma banking relationshipMay, 2019
Secured State Certified AgronomistsMay, 2019
Dropped off 650 lbs of seeds to Montana Farmers to begin plantingMay, 2019
Purchased 700 lbs of seedsMay, 2019
Rasied $500,000May, 2019
Successfully executed on 35 signed contracts with farmersMay, 2019
Purchased 45 pounds of seedsApril, 2019