By Press Release
New Growth Opportunities Emerge to Leverage Underwater Timber Operations & Enhance Models for Project Sustainability
BLAINE, WA–(Marketwired – Mar 18, 2014) – Hollund Industrial Marine, Inc. (“Hollund”), an underwater forest management company, announced today that it will participate in a Hemp study with North Cal Wood Products, Inc. (“North Cal”).
North Cal is conducting a market research study on Hemp, with a goal of launching a pilot project to cultivate organic hemp in aquaponic systems applying new aquaculture and biodynamic farming practices. Hollund’s interest in North Cal’s project revolves around possibilities being explored by the Company to enhance the sustainability and profitability of underwater timber projects — such as the Bayano project in Panama — as well as to diversify into new markets.
“At Hollund, we are committed to reducing tropical deforestation by harvesting the abandoned rainforests submerged in Panama’s Bayano Reservoir, and in the countless other reservoirs, lakes and rivers around the world,” stated Peter Meier, President of Hollund. “With the recent passage of the U.S. Farm Bill legalizing hemp production for research purposes, we are intrigued by hemp as a fiber potentially relating to our underwater timber activities and overall environmental objectives.”
In explaining the Company’s move, Sheldon Romain, Vice President of Hollund stated, “Hemp is a durable, renewable fiber and, like underwater wood, represents a next frontier opportunity for natural resource exploration and development. Through our participation in this study, we look forward to learning more from North Cal and their industry partners, about aquatically grown hemp, the Hemp industry, aquaculture, and biodynamic farming.”