UPDATE: Hemp, Inc. Named ‘Best Hemp Company’ by Media Outlet Cashinbis’ Best of Cannabis Awards 2018

SPRING HOPE, NC, March 28, 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, was named “Best Hemp Company” by Cashinbis as part of its Best of Cannabis Awards 2018. The awards celebrate excellence in the global cannabis industry and is the first popular vote awards contest for the legal cannabis and marijuana industry, celebrating excellence in a variety of categories, according to Cashinbis.

“As we continue to position Hemp, Inc. on the forefront of America’s hemp revolution, we are honored to receive this award based on an outpouring of support from those who believe in our mission and work accomplished to date,” said Hemp, Inc. CEO Bruce Perlowin. “We look forward to achieving many more milestones in the year to come and continuing our work to provide opportunities for the small family farmer, Veterans, women, sustainable communities and others to flourish in the multi billion dollar hemp marketplace.”

Best of Cannabis Awards nominees were accepted for four main categories: Best Cannabis Companies, Best Cannabis Products, Best in the Cannabis Industry, and Best Cannabis People. See the full list of Best of Cannabis Awards winners here.

In addition to being recognized as “Best Hemp Company” by Cashinbis as part of its Best of Cannabis Awards 2018, Hemp, Inc. was also one of the recipients to receive the First Annual Jack Herer Award in 2015 specifically for its technological advancement in the industrial hemp industry. “Bruce Perlowin’s vision and leadership continues to set the tone for the industrial hemp industry. He was also very instrumental in the startup of Nevada’s hemp program,” said Michael Whalen, President and Founder of the Nevada Hemp Association.

As part of the Company’s ongoing expansion of its operations, Hemp, Inc. announced Jan. 4, 2018, that the Company was shipping its first purchase orders of loss-circulation material DrillWall™ and Kenaf fiber. On Jan. 25, 2018, the Company announced it had fulfilled its first purchase order for Spill-Be-Gone™, part of Hemp, Inc.’s spill-absorbent family of products.
Hemp, Inc. also announced on March 7, 2018, that it was set to grow 25,000 acres of industrial hemp this year, thus further positioning North Carolina as the epicenter of the industrial hemp industry. In addition, the Company announced March 21, 2018, its long-term strategy to build the world’s largest hemp oil extraction infrastructure by creating joint ventures with multiple companies to house and operate their CBD extraction equipment in its 85,000-square foot facility in Spring Hope, North Carolina. The first company of these joint ventures is HQ Global Education, Inc. (OTC: HQGE), a scientific research development company.

Perlowin elaborated, “The business synergies that will be realized between Hemp, Inc. and HQ Global Education, Inc. through this consultant agreement are paramount to our ongoing efforts to identify and align with strategic partners that will allow us to meet the rapidly growing demand for hemp-derived CBD oil and other products. Hemp, Inc. will share with HQ Global Education, Inc. its proven expertise in the areas of growing high-quality organically-grown CBD-rich hemp, harvesting, extracting and creating a variety of high-end CBD products for its business and partnerships in the industry,”

Per the consulting agreement in cooperation with Hemp, Inc., HQ Global Education, Inc. intends to become a leading provider of the highest-quality customizable extractions of CBD oil to this rapidly growing industry. During this first year, HQGE will be deriving its income from two main sources: sales of high quality customized CBD formulations and subscription-based revenues from its exclusive CBD database generated by its proprietary web crawler.

Luis Proetta, CEO of HQ Global Education, Inc., added, “We are very excited to be teaming with Hemp, Inc., an industry leader that has received so much recognition in the industrial hemp and cannabis industries. The timing of this strategic partnership between our companies is perfect. By combining Hemp, Inc’s. industry leading resources and expertise with HQGE’s most up to date and continually expanding exclusive CBD database, and then implementing these exclusively designed high tech CBD extractors to utilize that information to create customized CBD formulations never before available, we believe that HQGE and Hemp, Inc. will set the standard as the ‘go-to’ source for top quality CBD formulations. We are beyond excited for the future of this business and we look forward to a prosperous road ahead for every stakeholder involved.”

Associated Press

Tue, Mar 27, 2018 (12:30 a.m.)

FRANKFORT, Ky. — Hemp advocates have a powerful ally in Senate Majority Leader Mitch McConnell. The Kentucky Republican said he will introduce legislation to legalize hemp as an agricultural commodity by removing the plant — prized for its oils, seeds and fiber —from the list of controlled substances.

A look at hemp’s tortured past and its prospects for the future:

WHAT’S THE DIFFERENCE BETWEEN HEMP AND MARIJUANA?

Hemp and marijuana come from the same species of plant, but hemp has a negligible amount of THC, the psychoactive compound that gives marijuana users a high.

THEN WHY IS HEMP ILLEGAL?

The family connection sidelined hemp production for decades. Growing hemp without a federal permit was banned due to its classification as a controlled substance related to marijuana.
The crop got a limited reprieve when Congress passed the 2014 Farm Bill. A provision pushed by McConnell allowed state agriculture departments to designate hemp research and development projects.

HOW IS HEMP USED?

Supporters tout the versatility of a crop valued for its oils, seeds and fiber. Hemp has historically been used for rope but has hundreds of other uses, including clothing and mulch from the fiber, hemp milk and cooking oil from the seeds, as well as soap and lotions. Other uses include building materials, animal bedding and biofuels.

WHAT WOULD McCONNELL’S PROPOSAL DO?

McConnell wants a full pardon for hemp by removing it from the list of controlled substances. That would restore
hemp as a legal agricultural commodity, he says, and “allow this industry to continue to flourish here in Kentucky.”

ARE MORE FARMERS GROWING HEMP?

Since the 2014 federal Farm Bill allowed experimental hemp production, crop production has spread but remains tiny.
So far, 34 states have authorized hemp research, according to the advocacy group Vote Hemp. Actual production took place in 19 states last year. Hemp production totaled 25,541 acres (10,336 hectares) in 2017, more than double the 2016 output, said Eric Steenstra, president of Vote Hemp.

In McConnell’s home state of Kentucky, agriculture officials recently approved more than 12,000 acres (4,856 hectares) to be grown in the state this year, and 57 Kentucky processors help convert the raw product for other uses.

HOW WOULD MCCONNELL’S BILL WORK?

McConnell said his bill seeks to build on pilot program successes and has bipartisan backing in the Senate.
The U.S. Department of Agriculture would have to approve of states’ implementation plans, but once that happened, states would be the primary regulators of hemp. The bill also would allow hemp researchers to apply for competitive federal grants from USDA.

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

SUBSCRIBE TO HEMP, INC.’S VIDEO UPDATES
“Hemp, Inc. Presents” is capturing the historic, monumental re-creation of the hemp decorticator today as America begins to evolve into a cleaner, green, eco-friendly sustainable environment. What many see as the next American Industrial Revolution is actually the Industrial Hemp Revolution. Watch as Hemp, Inc., the No. 1 leader in the industrial hemp industry, engages its shareholders and the public through each step in bringing back the hemp decorticator as described in the “Freedom Leaf Magazine” article “The Return of the Hemp Decorticator” by Steve Bloom.

“Hemp, Inc. Presents” is accessible 24 hours a day, 7 days a week, by visiting www.hempinc.com. To subscribe to the “Hemp, Inc. Presents” YouTube channel, be sure to click the subscribe button.

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.

Hemp, Inc.
855-436-7688
ir@hempinc.com
Source: Hemp, Inc.