Hemp, Inc. Commends Illinois Senate Vote to Legalize Industrial Hemp

SPRING HOPE, NC, May 03, 2018 (GLOBE NEWSWIRE) — Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today that the Company applauds the Illinois Senate for unanimously passing legislation to legalize industrial hemp in The Prairie State.

Senate Bill 2298 passed April 24, 2018, in a 50-0 vote and is now before the Illinois House. Senate Bill 2298 creates the Industrial Hemp Act and provides that “cannabis” does not include industrial hemp as defined by state law. Illinois passed legislation in 2014 allowing the state’s Department of Agriculture and state universities to grow hemp for research purposes. The newly passed bill by the Illinois Senate would allow Illinois farmers to apply for permits to grow industrial hemp to make a variety of commercial and industrial products.

Rebecca Osland, the Alliance’s director of government relations, said “there could be a whole [new] set of industries that could grow up around this,” according to Chicago Tonight. The cannabidiol (CBD) market is projected to grow to a $2.1 billion market in consumer sales by 2020, according to The Hemp Business Journal.

Hemp, Inc. CEO Bruce Perlowin said, “The bill under consideration in Illinois would offer farmers the opportunity to add a viable and lucrative plant to their crop rotation, which helps to support the success of small- and mid-size farms for many years to come.”

If Illinois passes Senate Bill 2298 it could become the 38th state to legalize industrial hemp. As more states move toward adopting industrial hemp legislation, companies seeking to enter or further develop their footprint in the industrial hemp marketplace are aligning with Hemp, Inc. for the Company’s proven expertise and state-of-the-art hemp processing and manufacturing infrastructure in Spring Hope, North Carolina. Hemp, Inc.’s 85,000 square foot hemp processing and manufacturing facility has been operational since August 2017.

The Company recently announced its signed consulting agreement with HQ Global Education, Inc. (HQGE), a scientific research development company. Per the agreement, Hemp, Inc. will provide consulting services in an effort to help HQ Global Education, Inc. expand into the hemp CBD industry. In addition, Hemp, Inc. announced on May 1, 2018, that the Company encourages large scale companies to secure their hemp biomass now before Hemp, Inc.’s supply runs out. Hemp, Inc.’s sale price for interested entities will be the market price at the time of harvest.

Perlowin continued, “America is undergoing a hemp revolution with more than half of the United States now having industrial hemp legislation, and we are well positioned to capture the momentous growth of this industry that is still yet to come.”

Illinois Senate’s action follows news that Senate Majority Leader Mitch McConnell introduced a bill that would remove industrial hemp from the federal government’s schedule of controlled substances.

As Hemp, Inc. provides consulting services in the hemp-CBD market, specifically in the areas of growing high-quality organically-grown CBD rich hemp, harvesting, and extracting, executives say they will also build Veteran Village Kins Communities across the country. “Our ‘Veteran Village Kins Communities’ is where we will not only grow some of our Hemp, it is a full-blown holistic solution to the multifaceted veteran problems in the USA. Our prototype model is in Arizona about 20 miles north of Kingman and 90 miles from Las Vegas, NV. It’s our way of saying, ‘Thank You’ to our Veterans.”

Hemp, Inc. Announces Strategic Hemp Growing Partner “Veteran Village Kins Community Arizona, Inc.” Completes Final Site Plan Blueprints

Hemp, Inc. has announced that its strategic growing partner, “Veteran Village Kins Community Arizona, Inc.,” has completed its final site plan blueprints for its 500-acre site in Golden Valley, Arizona (20 miles north of Kingman, AZ and 90 minutes from Las Vegas, NV). The site plan was submitted to the Mohave County Building Department for final review. The Company is also in the final stages of completing the necessary infrastructure to support an off-grid, renewable, energy system. With the solar equipment in place, the site’s solar power operation is now complete.

Dwight Jory, the Project Manager for the “Veteran Village Kins Community Arizona, Inc.,” said, “We are very happy with the progress. Our Kins Community is really beginning to come together.” In anticipation of planting to begin during the spring, 300 acres have been fenced, 16 overnight trailer park sites are under construction, and six 40×40-ft organic vegetable gardens are ready for seasonal planting, according to Jory. As for the 6 geodesic domes mentioned in an earlier press release, 1 is structurally complete with only the electrical and plumbing to be completed. The rest are on site awaiting final site plan approval. “We are now accepting volunteers who have expressed an interest in helping to build the first Kins Community for our veterans,” said Jory. Those interested in making the first hemp growing CBD-producing “Veteran Village Kins Community” become a reality should contact Ms. Sandra Williams via email (swilliams@hempinc.com).

One thousand trees, on 36 of the 500-acres, have also been planted, with an additional 1,000 trees on order. The “Veteran Village Kins Community” site plan also includes a 100,000-square foot GMP compliant, central processing plant, CBD testing laboratory, and various health and wellness centers to support veterans who may have psychological, emotional or health issues.

Hemp, Inc. and “Veteran Village Kins Community Arizona, Inc.” began development on the “Veteran-Village Kins Community in Arizona” approximately 6 years ago. Kins Communities are designed to grow hemp and produce cannabidiol (CBD) products to benefit veterans and to generate revenue for Hemp, Inc., the Veteran Village, and the individuals living on the land. Each 2.5-acre lot is designed to be self-sustainable, with 1 acre allocated to grow hemp and other areas for an organic garden, natural beehives, a living fence, a pond, a family tree and other elements that make up a “Kins Domain.”

To learn more of what a Kins Domain is, click here. Volunteers who want to help build America’s first “Veteran Village Kins Community” can contact Ms. Sandra Williams via email (swilliams@hempinc.com).

“As Hemp, Inc. positions itself on the forefront of America’s industrial hemp revolution, we see our partnership with ‘Veteran Village Kins Community Arizona, Inc.’ being paramount in supporting the small family farm movement that we are confident will reshape the American landscape,” said Perlowin. “As we work toward getting our eco-village up and running in Arizona, we are also aggressively scouting strategic locations in other states including North Carolina, South Carolina, Florida, Georgia, Kentucky, Tennessee and West Virginia. Giving veterans and other Americans a place to learn new skills and take part in this multi-billion-dollar hemp CBD market is very exciting. It’s a big part of our mission to give back.”

According to Perlowin, seven “master hemp growers” from Oregon, Colorado, California, Kentucky, North Carolina, Nevada and, of course, Arizona have expressed an interest in pursuing a joint venture with Hemp, Inc. to each grow industrial hemp on the 300 fenced acres in Arizona. Perlowin says he’ll call this “The Great United American Hemp Project.”

To learn more about Veteran Village Kins Communities to grow hemp, click here.

ABOUT HEMP, INC.

With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.

SOCIAL NETWORKS

https://www.twitter.com/hempinc (Twitter)

https://www.facebook.com/hempinc (Facebook)

https://www.facebook.com/KingOfPot (Bruce Perlowin’s Facebook Page)

https://www.facebook.com/TheHempUniversity/ (The Hemp University’s Facebook Page)

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UPCOMING INTERNATIONAL AND DOMESTIC EVENTS

Across the globe, the hemp industry is rising to astronomical levels. In the wake of the hemp industry projected to grow 700% and hit $1.8 billion by 2020, there has been more education and networking within the industry. That means more events and conferences, thus, Hemp, Inc. has started compiling an ongoing list of upcoming hemp events around the world. Check out the listing of international and domestic events here.

FORWARD-LOOKING DISCLAIMER AND DISCLOSURES

This press release may contain certain forward-looking statements and information, as defined 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 contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties.