Hemp, Inc. Showcases Its Agricultural Crops for 2016

LAS VEGAS, NV–(Marketwired – Sep 29, 2016) –  Hemp, Inc. (OTC PINK: HEMP) executives showcased the company’s 2016 agricultural hemp and Kenaf crops, comprised of 420 acres of Kenaf across Franklin, Nash, and Bertie counties in North Carolina. Executives visited a few of the Kenaf crops and talked to the farmers growing the crops. Bruce Perlowin, CEO of Hemp, Inc., has been on site to document the progress. “We’re extremely proud of our Kenaf grow this year. We have three farmers we are currently working with growing 420 acres of Kenaf this year and all of these farmers, along with many other farmers, expect to grow hemp next year,” said Perlowin.

David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), headquartered in Spring Hope, NC, has been overseeing the Kenaf grow, as well as the whole progress of getting Hemp, Inc.’s multipurpose decortication facility in Spring Hope, North Carolina fully operational. According to Schmitt, the 420 acres of Kenaf should yield between 4.5 and 5 million pounds of Kenaf.

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

Kenaf (hibiscus cannabinus) is an annual, non-wood fiber plant that is indigenous to central Africa. Kenaf is a plant in the Malvaceae family also called Deccan hemp and Java jute. It has been likened to okra and cotton and typically grows 12 to 18 feet tall in a six-month growing season. The raw fiber has been known to grow well in many parts of the United States and has been considered an eco-friendlier way to make paper without cutting down trees. According to DavesGarden.com, “uses of the fiber range from paper, grass mats, fiberglass substitutes, animal bedding, oil-absorbent materials, chicken and cat litter, animal forage, particle board, and potting soil, to name a few.”

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

If Hemp, Inc.’s Kenaf grow yields as much as 5 million pounds, the company could be looking at anywhere between three and twelve million dollars in revenue depending on what the Kenaf will be processed as. If processed for Lost Circulation Material (LCMs), this year’s Kenaf grow could yield anywhere from nine to twelve million dollars in revenue. If processed for absorbent materials, earnings could reach between three and four million dollars. While these figures are not exact, executives expect them to be close.

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

“Last year, we had excessive rain which caused a lot of delays. We can’t control the weather but this year looks very promising. With the Kenaf, it grows until the first frost kills it. Then we let it stand until it’s fully defoliated and we do this to ensure as many of the nutrients go back into the soil as possible. This cuts down on fertilizer expenses for the next crop. Once the Kenaf is fully defoliated, we can cut it but we have to make sure the moisture content is within the 10% range. If it is, it’s ready to be baled,” said Schmitt. 

According to Schmitt, it is ideal to bale between December and February but of course, that depends on the weather. “We’re hoping to bale this year around November or December,” said Schmitt.

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

“It’s been very interesting documenting the grow. I personally visited four of the fifteen fields of our Kenaf crops. The first field I visited was about 100 acres grown by one of the same farmers as last year. The Kenaf was definitely thicker than it was last year and seemed to be a big overall improvement over part of the crop last year. The second field was about an hour and fifteen minutes East of our multi-purpose industrial hemp processing plant in Spring Hope, North Carolina. The 42 acres of Kenaf in this field has grown about ten feet tall and the stalk is very thick as well. The third Kenaf field, consisting of about 50 acres of the 420 acres has a soybean crop right across the street that some would consider ‘a crop of the past.’ Kenaf and Hemp are the future,” said Perlowin.

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

“The fourth field I visited was about 75 miles from our processing facility and consisted of about 22 acres out of the 420 acres. We’ve engaged farmers to grow hemp next year once the North Carolina Commission sets the rules and regulations on growing hemp in the state. We are hoping to grow as much as 50,000 acres of hemp in North Carolina, next year. That’s not a promise, but we’ll see how everything goes,” said Perlowin.

Hemp, Inc.’s 53-acre joint venture hemp grow in Tonopah, Nevada can also be seen on www.HempIncPresents.com in our two most recent videos. The footage of this industrial hemp field presents a very dramatic and impressive field of industrial hemp grown close together, similar to the Kenaf, oftentimes referred to as “a sea of green” in the industrial hemp industry. The other industrial hemp field, in which Hemp, Inc. is a sponsor of, is a total of 6 acres and shows a higher CBD strain grown much further apart than the “sea of green” industrial hemp, shown here.

“It is clear from these two hemp videos that we are now in the experimental and research phases of farming industrial hemp. We are growing different kinds of strains under various conditions with our research primarily focused on how much income 50 acres of industrial hemp can yield as well as how much income a small investor can make by investing in an industrial hemp farm growing operation. These are the necessary bits of information that need to be codified in our new emerging potentially multibillion dollar industry. It all starts with the farmers, the investors with the farmers and the economic realities of this new clean green agricultural and industrial American revolution,” commented Perlowin.

Perlowin continued, “We gained the trust of the North Carolina farmers with our first Kenaf grow. This second Kenaf grow is turning out better than the first and now the farmers in North Carolina are eager to grow industrial hemp next year. Also, I couldn’t be happier with the progress of getting our decortication facility operational.”

As demand for hemp continues to increase, Hemp, Inc.’s solid infrastructure of its commercial-sized, multi-purpose industrial hemp processing facility will be able to supply the demand. With over 70,000 square feet over 9 acres, Hemp, Inc.’s multipurpose industrial hemp processing facility is the only one in the U.S. of this scale and magnitude, capable of processing 40 million pounds of industrial hemp a year. With its milling operation, Perlowin says the company’s processing facility can easily double, triple or quadruple the amount of acres that can be processed. Once the initial infrastructure is completed, further expansion becomes easier than setting up the initial infrastructure that is currently in the final stages, thus providing greater expansion capabilities to process even more industrial hemp. Executives say this will be all set to happen at a very rapid pace, as needed and actually attain their goal of growing 50,000 acres of industrial hemp.

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

ABOUT INDUSTRIAL HEMP

Hemp is a durable natural fiber that is grown as a renewable source for raw materials that can be incorporated into thousands of products. It’s one of the oldest domesticated crops known to man. Hemp is used as a nutritional food product for humans and pets, building materials, paper, textiles, cordage, organic body care and other nutraceuticals, just to name a few. It has thousands of other known uses. A hemp crop requires half the water alfalfa uses and can be grown without the heavy use of pesticides. Farmers worldwide grow hemp commercially for fiber, seed, and oil for use in a variety of industrial and consumer products. The United States is the only developed nation that fails to cultivate industrial hemp as an economic crop on a large scale, according to the Congressional Resource Service. However, with rapidly changing laws and more states gravitating towards industrial hemp and passing an industrial hemp bill, that could change. Currently, the majority of hemp sold in the United States is imported from China and Canada, the world’s largest exporters of the industrial hemp crop.

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

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

ABOUT THE NATIONAL HEMP ASSOCIATION

NHA represents hemp farmers, processors, manufacturers, start-up businesses, entrepreneurial endeavors, and retailers and strives to build a viable industrial hemp economy by providing education about the benefits of hemp and providing expert consultation to producers and processors entering the hemp industry. NHA has developed close relationships with local and state government agencies to establish regulations that benefit the hemp industry across the nation. We provide a wealth of expertise in fields ranging from mining and agriculture to hemp materials processing and the latest developments pertaining to laws and regulations. For more information on the National Hemp Association, visit www.NationalHempAssociation.org.

HEMP, INC.’S TRIPLE BOTTOM LINE

Hemp, Inc. (OTC PINK: HEMP) seeks to benefit many constituencies from a “Cultural Creative” perspective, thereby not exploiting or endangering any group. CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. Thus, the publicly traded company believes in “up streaming” a portion of its profits back to its originator, in which some cases will one day be the American small farmer — cultivating natural, sustainable products as an interwoven piece of nature. By Hemp, Inc. focusing on comprehensive investment results — that is, with respect to performance along the interrelated dimensions of people, planet, and profits — the triple bottom line approach can be an important tool to support its sustainability goal.

SOCIAL NETWORKS:

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

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

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

SAFE HARBOR ACT

Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

To see the video showcasing the dramatic footage of our hemp and Kenaf grows, click here.

Hemp, Inc.

(855) HEMP-OUT

info@hempinc.com

http://hempinc.wpengine.com

For Investor Relations, please send correspondence to:

ir@hempinc.com