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UPDATE: Hemp, Inc. Renews Its Commitment to American Companies & Farmers Through Everyday Business Practices

Las Vegas, NV – (NewMediaWire) – March 18, 2020 – Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers, including the largest multipurpose industrial hemp processing facility in Spring Hope, NC, a state-of the art local processing center in Southern Oregon, a 500-acre hemp growing Veteran Village Kins Community in Golden Valley, Arizona, two model “Small Family Hemp Farms” in North Carolina and Arizona, and a pre-roll blending manufacturing facility in Las Vegas, NV,  and The King of Hemp StoreTM, a 5,000 square-foot retail location in Kingman, Arizona, announced today that it has fortified its commitment to supporting local hemp farmers, the American hemp industry, and local economies through its ever-expanding business ventures and operations.

“Since Hemp, Inc.’s inception, we have been committed to bringing back the small American family farm to the nation’s landscape, creating jobs locally, and supporting local businesses. These directives are central to our foundation and are reflected throughout the scope of our business ventures – from our King of Hemp(TM) pre-rolls to the Veteran Village Kins Community Arizona, Inc.,” said Bruce Perlowin, CEO of Hemp, Inc. “When you make a purchase from Hemp, Inc., you are not only supporting the small American hemp farmer and the American hemp industry, but you are also supporting American laborers and the small American manufacturers in ancillary industries. We are proud to lead by example and show how the Hemp Revolution will be mostly American Made.”

The Company sources its supplies for its King of Hemp(TM) pre-roll line from a U.S.-owned and -based manufacturing company, and recently purchased 300,000 tubes for its pre-rolls’ packaging. Additionally, advertising materials such as banners for Hemp, Inc.’s Kins Community in Kingman, Arizona, and educational materials such as brochures for the Company’s recently announced Hempathon are all sourced from American companies.

Hemp, Inc.’s commitment to domestic products and partnerships can also be seen in the Company’s Southern Oregon hemp operation. The Company utilizes American-made tractors, discs, planters, vehicles and plows to service its cultivation sites and Local Processing Center (LPC). The same applies for the tractors, farming equipment, the heavy duty construction equipment and other vehicles purchased to build the Veteran Village Kins Community Arizona. It is all American made, including the 7 geodesic domes on the Veteran Village Kins Community property. The geodesic domes were made by Pacific Domes, an Ashland, Oregon-based company.
In addition, the majority of Hemp, Inc. employees are from the local communities in which the Company operates.  The employees are paid the prevailing wage that is above minimum wage.

Furthermore, Hemp, Inc. is featuring the American-designed, American-made clothing line, Hemp Blue which prides itself in providing premium hemp and denim blends made with love in Los Angeles, CA. Hemp Blue represents a conscious, decision-driven lifestyle and stands for responsible consumption and sustainable resources. The King of Hemp StoreTM will be well-stocked with Hemp Blue and other premium hemp clothing collections.

Additionally, wood being used on the floor and walls of The King of Hemp StoreTM were manufactured by North Cal Wood Products, Inc., a small American business based in Ukiah, CA.  North Cal offers a wide variety of reclaimed domestic and tropical woods.
Perlowin also noted other sections of the store will use hemp wood from Fibonacci LLC, another Made-in-America company, which opened the first HempWood factory in Murray, Kentucky. “We’re proud to use their wood in our store and we’re looking forward to becoming a reseller for HempWood products soon,” says Perlowin.

HempWood aims to be a catalyst for a wave of innovation consumed by the idea that cultural shifts toward a more sustainable way of living is no longer a luxury, but a requirement.
“We cherish diversity and supporting American communities, and this can be seen in our hiring practices nationwide,” Perlowin added. “Our employees range in age from college students to the elderly, and come from all walks of life. The hemp movement is an inclusive one, and while we oversee our operations in North Carolina, Arizona, Oregon and Nevada, we continue to scout new locations to build new local processing centers for communities who need the infrastructure and knowledgeable support our team provides.”

The U.S. hemp market continues to heat up for a variety of reasons, especially as the general populace continues to better understand the difference between cannabis as marijuana and cannabis as hemp, as well as the benefits of cannabidiol (CBD) and other cannabinoids derived from cannabis. In addition, Chinese hemp producers and China’s hemp industry is only now starting to diversify from its industrial hemp products into consumer hemp products, positioning many U.S. hemp producers and extractors ahead of their Chinese competitors, according to Cannabis Business Executive.

The Cannabis Business Executive’s (CBE) mission is to provide cannabis industry leaders with utilitarian information to help them run their businesses successfully and advance the cannabis industry by helping its leaders stay abreast of emerging trends that impact their long-term success in the industry.  CBE distinguishes itself as the premier authority by developing original content, aggregating news content and partnering with recognized industry experts to provide thought-provoking feature articles, news, opinions and insights, events and e-media. CBE provides its readers with business intelligence and the knowledge they need to succeed in new and changing markets.
It’s no surprise Hemp, Inc. revenues are flowing in from every direction. After building a broad-based multi-state U.S. infrastructure over the last 10 years, Perlowin believes this year, 2020, will be the biggest year of revenues for Hemp, Inc. as shown below:

  1. DrillwallTM – Their wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM) in North Carolina is now fulfilling a $1 million dollar sales agreement for its DrillWall(TM), their proprietary kenaf-hemp blend natural Loss Circulation Material (LCM) product for the oil and gas well drilling industries. The Company has executed a sales agreement to sell $1 million worth of DrillWall(TM) over the course of one year. (Read the full press release here.)
  1. The King of Hemp Store(TM) – Hemp, Inc. also had a soft launch of The King of Hemp Store(TM), its flagship, brick-and-mortar retail store in Kingman, Arizona, last month. The store is expected to officially open next month.  According to executives, The King of Hemp Store will carry as hemp shirts, pants, hemp denim jeans, jackets, backpacks, purses, handbags, topicals, shampoos, conditioners and a variety of cannabidiol (CBD) and CBG products such as flower. A lounge area in which community members can learn more about hemp, in a relaxing setting, is also planned as part of the store.  The proceeds from the sale of its products will go to help children, the homeless and veterans. The plan is to utilize money earned at the store to create activities and subsequent venues for the children of Kingman, Golden Valley, and Dolan Springs, Arizona. (To read the full release, click here.)
  1. King of HempTM Pre-Rolls – Hemp, Inc.’s King of HempTM pre-rolls are also bringing in revenue for the company.  The much anticipated King of HempTM pre-roll line didn’t disappoint once it launched as distributors reported quick sales in a matter of hours after stocking the high-quality CBD smokeables. One distributor, in particular, sold almost 300 King of HempTM pre-rolls in a week after listing it on its website, www.naturalexposurecbd.com, and noticed a huge interest for autographed King of Hemp pre-rolls from the King of Hemp himself, Bruce Perlowin.  Based on the interest, Perlowin expects the current limited edition (signed and numbered) to be extremely valuable in the collector’s market in the future.  The Company is also transitioning from the current packaging to hemp packaging.

Derived from one of the top selling cultivars on the market, Pre-98 OG Bubba Kush, the King of HempTM pre-rolls are already positioned to corner the market as one of the best tasting for hemp consumption and is expected to be a massive revenue generator for the company. (To read the full release, click here.)

  1. Pre-98 OG Bubba Kush – The Pre-98 OG Bubba Kush is Hemp, Inc.’s top-shelf CBD flower sourced from certified growers to ensure high CBD content, eye-popping aesthetics, and clean genetics. The company has made 10,000 lbs. of Pre-98 OG Bubba Kush available for sale at a wholesale price ranging from $500 to $800 per pound and that is just a small percentage of the Company’s Oregon grow output. The rest of the grow will be used for the King of HempTM pre-rolls which is expected to earn the Company more than three times as much money as selling it wholesale. (For those interested in purchasing the company’s hemp buds, email flower@hempinc.com.)
  1. The Great American Hempathon – The Company’s first ever grow contest recently opened enrollment and is scheduled to take place during the first growing season of 2020, which begins this month, and includes planting, maintaining, harvesting, and processing. Hemp growers will demonstrate their skill and share in the $50,000 prize money. Each team is responsible for installing irrigation systems, preparing the soil, and maintaining the grow operation. To inquire about participating in the Hempathon, click here. To watch the “The Great American Hempathon” in real time, click here.
  1. CBD tincture to be launched in the next 1 to 2 weeks.

For those interested in becoming a distributor for Hemp, Inc.’s King of HempTM pre-roll line, please email flower@hempinc.com. According to Perlowin, the Company will also offer an affiliate program for the pre-roll line. Those interested in becoming an affiliate should email flower@hempinc.com.
According to a June 2019 market research report published by MarketsandMarkets(TM), the industrial hemp market is projected to grow from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound annual growth rate of 34.0% during the forecast period.
To see 1-minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all of Hemp, Inc.’s activities around the country.

What is 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.

Hemp, Inc. has been helping to build the industrial hemp infrastructure that was basically non-existent in America. There are now ten divisions:
Division One –            The Industrial Hemp Infrastructure
Division Two –            The Hemp Farming Infrastructure
Division Three –         The Hemp Extraction & Pre-Roll Blending Infrastructure
Division Four –          The Hemp Educational Infrastructure
Division Five –          The Hemp Marketing Infrastructure
Division Six –              Accessories, Products and Services
Division Seven –         Research and Development
Division Eight –          Industrial Hemp Investments and Joint Ventures
Division Nine –          Industrial Hemp Consulting
Division Ten –             Educational Entertainment
Division One – The Industrial Hemp Infrastructure

Hemp, Inc. strives to be one of the most transparent companies in the public sector. To adhere to this company policy of transparency, CEO Bruce Perlowin posts 1-minute video updates daily on his personal Facebook page to give an inside look and behind-the-scenes footage of what Hemp, Inc. is doing on a daily basis. “We want them to know how the company is performing and what it is doing to reach its goals,” says Perlowin. To see 1 minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all the activity Hemp, Inc. is doing around the country. (No other public company has this level of transparency than Hemp, Inc.)

Hemp, Inc. entered into an agreement with 2 Manifest Studio, LLC, a Wyoming, Limited Liability Company (VED), to create a documentary and subsequent docuseries over the course of an estimated five years.  Per the terms of the agreement, VED will create a feature length film and corresponding docuseries and other video materials about the history of hemp with a strong focus on Hemp, Inc. and other pioneers and companies that are leaders in the modern-day history of industrial hemp. The content will be wholly-owned by Hemp, Inc. 2 Manifest Studio Director Joseph Trivigno and his team have been tracking Hemp, Inc.’s progress, as executives meet with farmers throughout the country to document the company’s expansion into new markets.  The documentary is expected to be released by 2020. The docuseries is expected to follow the film’s release. The film crew will also capture hemp developments in markets around the globe.

Hemp is completely different from marijuana in its function, cultivation and application. In cultivating marijuana, the plants are spaced far apart, and the male plants are destroyed to assure that they cannot seed the female plants, which would result in undesirable, less potent and less marketable, seeded marijuana buds. Hemp, on the other hand, is planted close together and commonly hermaphrodites, which creates an abundance of seeds, the main component of Hemp foods and supplements. The Hemp stalks are processed and used for fiber, composite, and other hemp based end products.

Hemp is used in variety of other applications that marijuana couldn’t possibly be used in. These include healthy dietary supplements, skin products, clothing, and accessories. Overall, hemp is known to have over 25,000 possible applications. Hemp products such as Hemp Milk, Hemp Cereal, and Hemp Oil are used by consumers every day.
For an excellent read on the difference between hemp and marijuana, visit the Ministry of Hemp.

Fiber – Hemp fiber can be used to make fabrics and textiles, rope and paper. The word ‘canvas’ actually derives from the word cannabis.
Fuel – While the industrial, medicinal and commercial properties of hemp have been known to mankind for a very long time, its benefits to the environment have just been realized in recent years. One of the compelling things hemp offers is fuel. With reserves of petroleum being depleted, it would be nice if we could have a fuel source which was reusable and which we could grow right here, making us completely energy independent.
Food – Hemp seeds are very nutritious and were first thought to be eaten by the Ancient Chinese and Indians. Hemp seeds have a nutty taste and can be eaten raw, ground up, sprouted, or made into dried sprout powder. Hemp seeds also contain a very beneficial oil that is high in unsaturated fatty acids, including an optimal 1:4 ratio of omega-3 to 6.
Building Material – Hemp can be made into a variety of building materials. These include concrete-like blocks called ‘hempcrete’, biodegradable plastics, and wood replacements. These materials have been used in the manufacture of many things, including electronics, cars and houses. In fact, the first American home made of hemp-based materials was completed in August 2010 in Asheville, North Carolina.
Biofuel – Remarkably, the oil from hemp seeds and stalks can also be made into biofuels such as
Biodiesel — sometimes known as ‘hempoline’. While this biofuel can be used to power engines, it does take quite a lot of raw material to produce a substantial amount.

Hemp, Inc. Presents” captures the historic, monumental re-creation of the hemp decorticator and the hemp grinding and milling facility (which has been operational for 2 1/2 years now) 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.

Hemp Benchmarks(R) , a division of New Leaf Data Services, is a leading provider of financial, business and industry data for the North American hemp markets. They offer comprehensive and unique benchmark services for public and private organizations, and financial institutions. Hemp Benchmarks’ management team has over 100 years of cumulative commodity data services experience, more than 80 years of cumulative hemp and cannabis industry experience and subject matter experts in multiple jurisdictions/geographies. Their September 2019 “Hemp Benchmarks Spot Price Index Report” is a comprehensive and valuable resource that includes the following:

  •   September Assessed Price by Product Category
  •   Monthly Biomass Volume Discount Curve
  •   Wholesale Price Correlation Matrix
  •   2019 Biomass Yield & Market Value Estimates
  •   Comprehensive U.S. State Acreage & License Counts
  •   USDA & FDA Updates

The downloadable PDF can be accessed here. Be sure to visit their site, www.hempbenchmarks.com.

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.

https://www.facebook.com/KingOfPot (Bruce Perlowin’s Facebook Page)
http://www.facebook.com/hempinc (Facebook)
https://www.hempincpresents.com (Hemp, Inc.’s North Carolina YouTube Channel)
https://www.instagram.com/hempincorporated/ (Hemp, Inc.’s Instagram)
https://twitter.com/HempInc (Hemp, Inc.’s Twitter)

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. To clarify the issue of OTC placing a stop sign next to Hemp, Inc.’s stock trading symbol, that symbol indicates Hemp, Inc. does not report their financials. As a non-reporting pink sheet company, Hemp, Inc. is not required to report. The company does, however, choose to publicly report its quarterly and yearly financials on its website. According to the company’s CEO, the OTC stop sign is a misrepresentation of that reporting fact. 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.
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