The Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) has acquired an interest in alternative energy company Liberated Energy. Per the agreement, IHMMCC, a subsidiary of Hemp Inc., will provide consulting services to help Liberated Energy market and distribute their products.
The Guard Lite Security Lighting System is patent-pending and uses wind and solar energy to power its security system, which consists of High Tech LED Lighting WiFi HD Camera with 2 way audio Infrared and Motion Technology. According to Liberated Energy, the Guard Lite is self-powered and will use only approximately 10 percent of its maximum rated wind and solar energy. One of the company’s objective is to make small wind and solar turbine technology a significant contributor to the global clean energy supply portfolio for both businesses and consumers.
“We are thrilled and looking forward to this new venture. After researching the industry and weighing our options, it was a no-brainer to collaborate with Hemp, Inc.’s Industrial Hemp and Medical Marijuana Consulting Company, Inc. to create new marketing and distribution capabilities for our Guard Lite Security Lighting System for the medical marijuana and industrial hemp industries,” said Frank Pringle, CEO of Liberated Energy, Inc.
With several states legalizing medical marijuana, the hemp market is in need of cost efficient energy sources to meet the growing demand – especially in states where hemp cannot be grown outside year round. Companies are also looking to convert hemp to biofuels.
Bruce Perlowin, CEO of Hemp, Inc. noted, “Liberated Energy’s move into the industrial hemp and medical marijuana industries could not have come at a better time. The demand is expanding for growers and dispensaries to ramp up security for their operations with more comprehensive surveillance and monitoring, especially since most of these operations are high-volume, cash-based facilities.”