Las Vegas, NV, April 28, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — 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, a pre-roll blending manufacturing facility in Las Vegas, NV, and a 5,000 square-foot retail store (The King of Hemp Store™) in Kingman, Arizona, announced today that it was featured in Politico in an article titled, “Hemp farmers going ‘full force’ despite pandemic”.
The article discusses the resilient nature of the hemp industry in light of the COVID-19 outbreak, stating that hemp farmers are weathering the coronavirus crisis better than most segments of the hard-hit agriculture industry, citing that hemp trade groups say they’re seeing fewer supply chain disruptions and strong demand for hemp products, such as food items containing cannabidiol, which is derived from the hemp plant. The article explains that while contrary to industries like dairy and produce, which have been affected by restaurant and school closures, hemp growers and processors already sell their products directly to customers or retail sectors that are still open.Bruce Perlowin, CEO of Hemp, Inc., contributed commentary to the article. Perlowin noted that while the pandemic has currently slowed things down, he expects that in the long run, the coronavirus will prompt more farmers to start thinking about growing hemp as an alternative to other crops because of its biodiverse qualities.The 2018 Farm Bill federally legalized hemp and the crop was removed from the definition of “marijuana” under the federal Controlled Substances Act. Although it is still heavily regulated, qualified hemp businesses would be entitled to the same stimulus relief as businesses in most other industries.The article notes that while the future looks bright for hemp, the current circumstances and economic downturn have certainly affected some hemp farmers and processors and applying for help through federal stimulus programs could be more of a challenge especially due to certain stipulations. “Unprecedented change presents challenges and disruption for everyone. Being able to pivot and be nimble is key to being successful in these situations. I think Hemp, Inc. has been able to do this incredibly well in this regard,” said Bruce Perlowin, CEO of Hemp, Inc. “For instance, we had a supplier in China that was producing the packaging for our signature pre-rolls but due to the COVID-19 outbreak we made the choice to switch to an American packaging manufacturer to avoid logistical challenges and ensure safety. I think it was a great decision and feel like many of us in the hemp industry should opt to do business with other American companies more often. This pandemic has served as a channel of opportunity and a call to action for American hemp.”According to a June 2019 market research report published by MarketsandMarkets™, 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. To view Politico Pro’s article featuring Hemp, Inc.’s commentary, click here.WHAT IS HEMP, INC.?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.’S TEN DIVISIONSHemp, 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 InfrastructureDivision Two – The Hemp Farming InfrastructureDivision Three – The Hemp Extraction & Pre-Roll Blending InfrastructureDivision Four – The Hemp Educational InfrastructureDivision Five – The Hemp Marketing InfrastructureDivision Six – Accessories, Products and ServicesDivision Seven – Research and DevelopmentDivision Eight – Industrial Hemp Investments and Joint VenturesDivision Nine – Industrial Hemp ConsultingDivision Ten – Educational EntertainmentDivision One – The Industrial Hemp InfrastructureThe Industrial Hemp Infrastructure (Division One) currently consists of two hemp processing facilities across the country, with two more under development, which will include an in-house third party testing laboratory. The largest of the two is its multi-purpose industrial hemp processing facility and milling operation in Spring Hope, North Carolina. It’s the largest “industrial hemp processing center” in the western hemisphere and has grown to become one of the pre-eminent centers of the industrial hemp industry. The 85,000 square foot facility sits on 9-acres. It is environmentally sustainable and was built from the ground up in hopes of “Making America Hemp Again.” With a patent pending manufacturing process, the North Carolina facility is operating full time to process millions of pounds of our unique kenaf-hemp blend, to manufacture all-green natural loss circulation material (LCMs), called DrillWall™ that is to be sold to the oil and gas drilling industry, along with an all-green natural oil spill absorbent, a second industrial kenaf-hemp product called Spill-Be-Gone™.In addition to the company’s industrial hemp processing facility in Spring Hope, North Carolina, Hemp, Inc. also has one of the most sophisticated local processing centers (LPC) in Medford, Oregon which focuses on hemp harvesting, drying, curing, trimming, bagging, storing, and in some cases selling high CBD hemp for local farmers and the Company’s own hemp grows in that area, and post processing for the CBD industry. The Company’s main focus is the “King of Hemp™” pre-rolls and high CBD smokeable buds… a new phenomenon of smoking hemp which has caught the marketplace by storm.Hemp, Inc., through its joint venture associates has access to 4,500 acres of land in Golden Valley, Arizona (100 miles from Las Vegas, 20 miles north of Kingman, AZ). Out of the 4,500 acres of land, 500 acres are designated for the Veteran’s Village Kins Community (VVKC) for Arizona. Hemp, Inc. is preparing 80+ acres, of the 500 acres, for hemp cultivation. The company aims to boost the economies of these towns by offering affordable hemp processing services, which incentivizes local growers to add hemp to their crop rotation. The company is continuing to scout new locations for local processing centers in Florida, Kentucky, West Virginia, Puerto Rico, and several other states.Thus far, Hemp, Inc.’s Local Processing Center (LPC) in Oregon has employed over 200 employees during its 2018 harvest season and over 300 employees during its 2019 harvest season to further support the infrastructure necessary for local and large scale farmers operating in the industrial hemp space.Division One Products:· DrillWall™ (a loss circulation material)· Spill-Be-Gone™ (an oil spill cleanup product)· Hemp bioplasticsDivision Two – The Hemp Farming InfrastructureThe Hemp Farming Infrastructure (Division Two) consists of hundreds of acres of hemp and kenaf growing in multiple locations, farm equipment, cloning rooms, clones and seeds, grow rooms, greenhouses, hemp drying facilities and a huge amount of peripheral farming tools and equipment. The progress Hemp, Inc. has made in its agricultural endeavors, over the course of four years, has been amazing. The year 2020 marks the fifth year that Hemp, Inc. has been growing hemp. (To see Hemp, Inc.’s agricultural progress from 2016 through 2019, visit Bruce Perlowin’s personal Facebook page at www.facebook.com/kingofpot and scroll through posts from 2016 to the present. Visit www.hempincpresents.com to see the videos of Hemp, Inc.’s grows in multiple locations.)Hemp, Inc. also has two “Small Family Hemp Farm” models. The “Small Family Hemp Farm” in North Carolina is situated on 12 acres and consists of a cloning room, a greenhouse, and enough land to grow 2,000-3,000 high CBD hemp plants. (This model farm can be seen on Bruce Perlowin’s Facebook page, in the Aug. 22nd – 26th, 2018 posts.) The model shows farmers how to grow high CBD hemp plants, operate a greenhouse and turn a barn into a cloning room to earn up to $100,000+ a year. This shows an example of how the “Small Family Hemp Farm” can be duplicated and reappear on the American landscape. After all, the original small family farms in America were able to survive economically by growing hemp as their main cash crop and the first five presidents of the United States were all hemp farmers.Hemp, Inc.’s other “Small Family Hemp Farm” is located Dolan Springs, Arizona. This “Small Family Hemp Farm” is referred to as “The Orchard” since it has a sizable organic orchard. There are: 2 acres on which hemp will be grown on; a cloning room; cold storage; and greenhouses that are currently being installed.This year, according to Perlowin, the company is preparing to grow on up to 342 acres of land in Oregon, 300 acres in Arizona, hundreds of acres in North Carolina (a combination of hemp and kenaf), and an undetermined amount in other states. He says collective sales from all of these grows will be extremely significant in terms of pre-rolls, high CBD buds, distillate, isolate and biomass. “This year, we anticipate the main function of the company to be sales and marketing as we will have completed the infrastructure to support sales and marketing. Right now, I believe we have the largest footprint of bio-diverse hemp products with vertical integration in the hemp industry in America today. We are always looking for joint ventures where we have or can expand our footprint,” commented Perlowin.Moreover, “A to Z” services for the farmers are available – from harvesting to drying, curing, bucking, machine trimming, hand trimming, bagging, storing, nitrogen sparging, and selling… creating a “one stop shop” for the small to large family farms.Division Two Products:· The King of Hemp™ Pre-Roll Blends· High premium CBD buds from the Rogue Valley in Southern Oregon, North Carolina and ArizonaHemp, Inc. is also hosting the Hempathon at the Veteran Village Kins Community in Arizona. Contestants are growing 1 acre of hemp in a contest with other growers from around the country. Hemp, Inc. is providing land, water, security, and live streaming video coverage for participants. The Hempathon entry fee is $5,000 and a 50/50 revenue split. Several awards and prizes will be given to the winners. Those interested in signing up for the Hempathon should contact Stacey Theis at email@example.com.Division Three – The Hemp Extraction & Pre-Roll Blending InfrastructureThe Hemp CBD Oil Extraction & Pre-Roll Blending Infrastructure (Division Three) originally consisted of a Supercritical C02 Extractor. After operating for over a year it has been determined that Hemp, Inc. will not be involved in the extraction industry and has changed its direction to focus primarily on the King of Hemp pre-rolls and The King of Hemp high CBD smokeable flower. The CBD oil that was extracted from the 2018 hemp grows in North Carolina has been made into pure crystalline CBD isolate which will add to our “King of Hemp™” branded line of pre-rolls to take to the marketplace and a pre-roll fortified with pure crystalline CBD isolate.In lieu of building its own extraction laboratories, Hemp, Inc. plans to utilize the facilities of other labs in the industry to manufacture its own line of CBD oil products while they continue to build and expand the infrastructure for pre-rolls and high CBD smokeable buds. The Company will hire or joint venture with other, already existing, labs to manufacture CBD, CBG, CBC, CBN, and other products in its future cannabinoid line. With 150 different cannabinoids, over 300 terpenes, and more of each being discovered almost monthly, the product range and possibilities in this area are endless.Division Four – The Hemp Educational InfrastructureThe Hemp Educational Infrastructure (Division Four) includes Hemp, Inc.’s Hemp University which focuses on educating and empowering Hemp farmers and entrepreneurs with knowledge, processing, infrastructure and support. The educational seminars, through the Hemp University, are held periodically and teach farmers and landowners how to create a profitable income stream by maximizing the per-acre crop revenue. Through this division, Hemp, Inc. has trained well over 500 farmers in its first two years by doing a total of nine Hemp University seminars in North Carolina and Oregon, thus far, which include:The New Leaf Symposium and Golden Grow Awards Gala – January 26, 2020 (Jacksonville, Oregon)“The New Leaf Symposium’s” focus was “Regeneration” to celebrate optimism and resilience in the industry, the power of the plant, and faith in the hemp-producing community. The event sold out with over 180 attendees. The feedback from attendees was overwhelmingly positive and the speakers were hailed as the best yet. The educational symposium concluded with the “Golden Grow Awards Gala”. The Golden Grow Awards Gala honored Oregon’s top cultivars and put Oregon’s best farmers head-to-head for some of the most prestigious hemp-industry accolades. (See Bruce Perlowin’s personal Facebook post on 1/28/20 for a short video on this symposium.)The Pre-Harvest Symposium – September 8, 2019 (Oregon)“The Pre-Harvest Symposium” workshop at Southern Oregon University was expertly designed for both farmers and entrepreneurs of all experience levels, focused on harvesting, processing and profit channels within the hemp industry. The third edition of the Southern Oregon Hemp University brought an abundance of insight into innovations within the realm of harvesting and processing to the forefront. Additionally, the symposium touched on traditional practices in agriculture. (See Bruce Perlowin’s personal Facebook post on 9/9/19 for a short video on this symposium.)Pre-Plant Support Workshop – May 4, 2019 (Oregon)“The Pre-Plant Support Workshop” was an incredible success that filled the entire venue to capacity with attendees. In total, there were close to 200 attendees, including 20 vendors in attendance. The workshop was designed to help hemp farmers or those who are interested in the hemp industry learn the best pre-planting practices prior to the planting season. The Hemp University Pre-Planting Support Workshop was an interactive and informative workshop that covered the various details hemp farmers should know prior to planting in the 2019 season and beyond. (See Bruce Perlowin’s personal Facebook post on 5/9/19 for a short video on this workshop.)The Hemp University Educational Seminar – March 23, 2019 (Oregon)This was the first Hemp University held on the West Coast. The seminar provided attendees with a full day of networking, education, and support. The seminar helped others in the area who were interested in the hemp industry learn more about the “Industrial Hemp Revolution” and how this movement can not only transform Southern Oregon’s economy, but also revive family farms and small businesses in the surrounding areas. (See Bruce Perlowin’s personal Facebook post on 3/28/19 for a short video on this seminar.)Growing Hemp for Profit – March 10, 2018 – (North Carolina)
The Hemp University’s first educational symposium event of 2018 entitled “Growing Hemp for Profit” took place on Saturday, March 10, 2018. Attendees learned from the University’s industrial hemp experts as they shared their lessons from their experiences in growing industrial hemp. “Growing Hemp for Profit,” which took place from 8:30am to 5 pm at the Hilton Garden Inn in Charlotte, North Carolina. (See Bruce Perlowin’s personal Facebook post on 3/17/18 for a short video on this symposium.)Hemp Money Event: Economics, Lessons & Planning for 2018 – December 2, 2017 – (North Carolina)The fifth most vital and anticipated educational symposium of the year was Hemp Money Event: Economics, Lessons & Planning for 2018. This symposium was held on Saturday, December 2, 2017 from 8:30am to 5:00pm at the Shrine Club (320 Airport Rd, Rocky Mount, NC 27804). Attendees learned the economics of growing industrial hemp for fiber, seeds, and CBD; learned about other master POD growers’ experiences and lessons; and, learned how to prepare for the 2018 industrial hemp growing season with a well-defined blueprint for success. (See Bruce Perlowin’s personal Facebook post on 12/23/17 for a short video on this symposium.)The Hemp Oil Event: The Art and Science of CBD Oil – September 30, 2017 (North Carolina)The Hemp Oil Event (The Art & Science of CBD Oil) was The Hemp University’s fourth symposium in North Carolina, held on Saturday, September 30, 2017 from 8:30am to 5:00pm at the Peachtree Hills Country Club, 3512 Peachtree Hills Road, Spring Hope, NC 27882. The symposium brought attendees up to speed on all business and scientific aspects of Industrial Hemp CBD cannabinoids by disseminating current, reliable information that continues to shape the revolutionary CBD market. Attendees also got a chance to go to Hemp, Inc.’s, then, 70,000 square foot multipurpose industrial hemp decortication facility for the first live public demonstration of its Supercritical CO2 Extraction System using North Carolina-grown CBD industrial hemp. Representatives from NuAxon Bioscience were also on-site to allow those interested in purchasing their own CBD extraction system. (See Bruce Perlowin’s personal Facebook post on 9/30/17 for a short video on this symposium.)The Art and Science of CBD Greenhouse Growing – June 24, 2017 (North Carolina)The 3rd Hemp University educational symposium held on June 24, 2017 focused on The Art and Science of CBD Greenhouse Growing. The educational symposium was held at Louisburg College in Louisburg, North Carolina. A team of experts engaged attendees through the greenhouse and indoor growing process from cultivation to harvest and from processing to distribution. Dr. Robert Bruck, Dean of Science, Technology, Engineering and Mathematics and Distinguished Professor of Environmental Science at Louisburg College, was The Hemp University’s special guest who lectured on soil microbiology during the symposium. Attendees were able to spend half of the course at Hemp, Inc.’s, then, 70,000 square-foot Industrial Hemp Hub, in a 3,000 square-foot cloning room. There, attendees had the opportunity to experience a more hands-on learning approach. (See Bruce Perlowin’s personal Facebook post on 6/30/17 for a short video on this symposium.)Farming Hemp for Profit™ – April 29, 2017 (North Carolina)Hemp, Inc.’s second, sold out, educational symposium (Farming HEMP for Profit™), through its Hemp University, was a phenomenal success. The symposium took place on Saturday, April 29, 2017, from 8:30am – 5:00pm, at the Hampton Inn & Suites located at 3920 Arrow Drive, Raleigh, NC 27612 and drew over 100 attendees. The one-day educational symposium and tour of Hemp, Inc.’s, then, 70,000 square-foot multipurpose industrial hemp facility was an opportunity for landowners and farmers to learn how to apply real business building tactics with a “specific step-by-step blueprint” on how to grow, sell and profit from farming industrial hemp. This event accomplished its mission to help landowners and farmers add a new viable and profitable income stream by maximizing the per-acre crop revenue. (See Bruce Perlowin’s personal Facebook post on 4/30/17 for a short video on this symposium.)Farming Hemp for Profit™ – March 18, 2017 (North Carolina)This was Hemp, Inc.’s first Hemp University symposium. The symposium was a sold out event and was a huge success with 100 attendees who rated the quality of information presented as excellent. The symposium took place on Saturday, March 18, 2017, from 8:00am – 5:00pm, at Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, located at 1436 Highway 581 North, Spring Hope, North Carolina, 27882. The one-day educational symposium was an opportunity for landowners and farmers to receive a “specific step-by-step blueprint” on how to grow, sell and profit from farming industrial hemp by using real business tactics and principles, presented by industry experts. (See Bruce Perlowin’s personal Facebook posts on 3/18-19 and 3/21-26, 2019 for a short videos on this symposium.)To listen to past Hemp University workshops, please visit hemp-university.teachable.com. Also visit https://www.hempincpresents.com to see highlights from Hemp, Inc.’s inaugural Hemp University held in North Carolina, which sold out in two weeks.The Hemp University’s twelve online educational masterclasses are $10 each and each masterclass is under an hour in length. The online courses include lectures from industry leaders who have educated attendees at the Hemp University workshops in Oregon. These online masterclasses provide farmers who were either not able to attend the first Hemp University or who would like to revisit certain topics presented by the event speakers.Those interested in being part of our online courses, including experts in any aspect of the industrial hemp industry, should contact Chris Tinney on (855) 554-6834 or via email at (firstname.lastname@example.org).“Since The Hemp University’s initial launch with the educational symposium, the number of attendees has grown tremendously and it has been an overwhelming success, each time. The interactive, hands-on learning approach is invaluable. By learning in an interactive cohort format, students gain the necessary skills they need to immediately implement them on their farm or in their organization. It’s the perfect mix of quality instruction, relevant educational content and a high level of commitment, to ensure the educational success of each attendee,” said Perlowin.Thus far, The Hemp University has helped transform the livelihoods of North Carolina and Oregon farmers transitioning from tobacco and other crops to industrial hemp by providing them with the tools and support needed to gain a foothold in this burgeoning industry. Division Five – The Hemp Marketing InfrastructureWhile marketing is a critical facet of any business operation for increasing revenues, Hemp, Inc. believes there must be a keen focus on the infrastructure first. The demand for CBD and hemp products is massive, some even say the demand is insatiable. In order to supply that type of volume/demand, there has to be a strong foundation or infrastructure in place. While Hemp, Inc. is poised to grow a rock solid Hemp Marketing Infrastructure, CEO Perlowin reminds us that this infrastructure has to be able to support a meteoric industry growth. The cannabidiol (CBD) market is on track to grow to $23.7 billion through 2023, according to the Brightfield Group. The firm also estimated the smokeable hemp market to be valued at $11.5 million in 2018, a growth of 250% from 2017. “This is why we focus on infrastructure, at the moment, more so than specific marketing activities,” says Perlowin. “Specific marketing activities isn’t the issue. The ability to grow, process and produce what the marketplace is demanding is the issue and hence the reason we focused on creating the infrastructure first.”Late January, 2020 the first King of Hemp Store™ had a soft launch in Kingman, Arizona with a grand opening, red ribbon, lots of media coverage planned for early March 2020. This 5,000 square foot Wells Fargo bank building is in the heart of Old Town Kingman next to historic Route 66 and will showcase everything hemp, including Hemp Blue’s hemp denim jeans (www.hempblue.com).The company has also recently joint-ventured with the retail store “Hemp Healthcare”, in Dolan Springs, Arizona, to sell high-end cannabidiol (CBD) and hemp-based products. “Hemp Healthcare” is home to an array of renowned CBD and hemp products, including Hemp, Inc.’s cosmetic and wellness line that includes shampoos, conditioners, lotions, candles and more. The retail storefront is conveniently located off Highway 93 in Arizona, in a highly trafficked tourist area. Specifically located on Pierce Ferry Road, “Hemp Healthcare” is next to “Dolan Station” – a location that welcomes numerous tour buses daily with visitors from around the world that stop there on trips to the Grand Canyon. On some days, up to 40 tour buses stop at this location, filled to the brim with tourists on their way to the Sky Walk at the western realm of the Grand Canyon.A second health care store will be opened in 2020 at Gateway Station in Dolan Springs, Arizona on Highway 93 about a quarter of mile before the turn off to go the Sky Walk at the western realm of the Grand Canyon. Like Dolan Station, Gateway Station will have numerous tour buses. The store is set to sell shampoos, conditioners, lotions, candles and more.Division Six – Accessories, Products and ServicesDivision Six focuses on the sale of hemp industry accessories such as the sale of extractors, harvesters, storage bags, containers, fertilizer, soil amendments, humidifiers, dehumidifiers, balers, greenhouses, and greenhouse equipment; the drying, trimming, curing, storing and brokering for other farmers harvesting hemp; and ultimately anything else a hemp farmer may need to be successful. “What we found is that people are always looking for hundreds of items. New harvesting equipment, irrigation equipment of all kinds, soil amendments, organic soil fertilizers, organic pest control products, new extraction technologies and more,” said Perlowin. “As we expand this Division, we will strive to become the Amazon of the hemp industry.”According to Perlowin, Hemp, Inc. is currently building out a new section of its website that will list all of the products. This information will be available in the next 30 days.Division Seven – Research and DevelopmentWhile Research and Development has been an integral part of Hemp, Inc. since day one, a more formal research and development project is planned after significant revenues are created. This division will then start and expand rapidly. The Company originally planned for Puerto Rico to be a research and development hub, but found the barrier to entrance was much too great and has therefore changed its position to focus its research and development division on states where hemp is already legal. Hemp, Inc. is proud to have been a pioneer and leader in the early stages of the hemp industry in America with our strategy to build infrastructure even before legalization occurred in a state such as what was done in North Carolina and Arizona.According to Hemp, Inc.’s CEO, Bruce Perlowin, “Currently, it is now economically more advantageous to operate in a state that already has several years of legalization behind it and thus, further down the road, making it easier for hemp companies to thrive as we have done in North Carolina, Arizona, Nevada and especially Oregon. We’ve hit a grand slam in Oregon, so to speak, in our growing operations for 2 consecutive years. We may revisit Puerto Rico once they have straightened out their legal red tape, and their rules and regulations.”Division Eight – Industrial Hemp Investments and Joint VenturesHemp, Inc. recently established the eighth division (Industrial Hemp Investments and Joint Ventures). Since the passing of the 2018 hemp bill, Hemp, Inc. has been flooded with inquiries of people who want to invest in the hemp industry but don’t know where to start. As the Avant-guard of the industrial hemp industry, Hemp, Inc. has put together numerous joint venture investment opportunities for the medium to large-scale investor. Those who are interested should email email@example.com. Multi-million dollar investors, and in some cases billionaires and billion dollar hedge funds, are aggressively trying to get into the hemp industry since the passing of the 2018 Farm Bill. Our joint venture agreements are that they put up the money and we put up the expertise in a 50/50 revenue share (after all the initial investment money is paid back first). This will save the large-scale hemp investor often two years and dozens of multi-million dollar mistakes that they “WILL” often make without an expert in the hemp industry. This is where Hemp, Inc.’s vast network of experts and resources in the industrial hemp industry come into play because this is something we can easily provide to those interested in entering this industry.Division Nine – Industrial Hemp ConsultingHemp, Inc.’s Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) was recently restructured as its ninth division and is now “Division Nine – Industrial Hemp Consulting”. With an influx of public companies wanting to expand into the industrial hemp industry, Hemp, Inc. has been inundated with potential consulting agreements. To keep up, Hemp, Inc. revamped its consulting division to work hands-on with each company to provide its years of expertise. According to Perlowin, there is definitely a sense of a “Community of Companies” whereby a lot of companies are working together to pool their resources, marketing connections and strategies in order to grow simultaneously.Typically, companies seeking in depth consulting services from Hemp, Inc. pay mostly in stock since cash flow is oftentimes tight during the developmental stage of start-up companies in this industry. Through Hemp, Inc.’s Division Nine – Industrial Hemp Consulting, a wide range of services are forged from the experiences of creating the first publicly trading company in the cannabis sector (Medical Marijuana, Inc.) and having well over a decade of experience in the industrial hemp industry’s public sector. Perlowin, Hemp, Inc.’s chief executive officer, also has over five decades in the industry.Division Ten – Educational EntertainmentHemp, Inc.’s newest division, Entertainment, will cover everything from investing in the movie “The Adventures of the King of Pot” (http://www.kingofpotthemovie.com/) and other historical movies, books and documentaries representing our industry up to the current docuseries being made on “The Modern Day History of Hemp”. Those interested in investing in any one of these ventures should contact the division’s Project Manager, Chris Tinney, at 855-554-6834 or via email, firstname.lastname@example.org.VETERAN VILLAGE KINS COMMUNITIESTo see the livestream feed for the Veteran’s Village Kins Community Arizona, visit www.hempinc.com/arizona and click on “View Live Feed”.The company’s 500-acre strategic growing partner Veteran Village Kins Community in Golden Valley, Arizona, is designed to grow hemp and produce CBD products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village and individual veterans living in the community.The Veteran Village Kins Community in Arizona 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.As soon as all the live streaming video cameras are up and operational, the world can actually see the way the Veteran Village Kins Community is designed and watch it being built. According to Perlowin, the basic framework or overall plan of the Veteran Village Kins Communities is to create a holistic healing and learning center that is designed to educate and heal veterans with PTSD, alcoholism, meth addiction, opioid addiction, and other psychological conditions while at the same time training them on the numerous aspects of being part of the emerging multi-billion dollar hemp industry. To see the first live streaming video, click here.The Company will also build hemp-growing communities for other groups such as “Abused” Women & Children Village Kins Communities, the “Orphaned” Children Village Kins Communities, “Homeless” Village Kins Communities, and the “Healers” Village Kins Communities (the healers are professionals who are knowledgeable in the modalities to treat these traumatized groups). These particular communities are all synergistically aligned to work simultaneously supporting each other.For example, the “Healers” heal the traumatized veterans and women & children; the women support orphan children, and orphan children want to see people living in homes and not homeless. Thus, a portion of the hemp grown in each community goes to create and support another community, giving everybody a sense of giving back and helping others as they help themselves. This circles back to the healers who also work to heal the veterans and the other traumatized groups. This is the economic foundation on how the sale of the hemp products operates as a “quantum economic matrix” or an example of “symbiotic economics” which is more complex than this brief description allows.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 have been planted and are currently producing food and kenaf, according to Jory. These organic gardens double as experimental growing modules using an entire array of different growing technologies to see which modalities grow the best in a desert environment. 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 (email@example.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” will include a 100,000-square foot GMP compliant, central processing plant, a state-of-the-art testing laboratory, and various health and wellness centers to support veterans who may have psychological, emotional or health issues.“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. Recently we have expanded our Kins Community concept internationally focusing, but not limited to, Israel, New Zealand, Canada, Africa, and Uruguay.”Hemp, Inc. executives are also continuing to scout new locations nationwide to open additional hemp processing centers in legal markets.PRESS COVERAGEBetween the Hemp University, the hemp processing center and Bruce Perlowin himself, the Company has created an enormous amount of media coverage. See below for the list of press hits the Company has received up to the end of this quarter:Hit: “Hemp: the burgeoning industry of southern Oregon” – (NBC) KOBI-5, December 22, 2018Press Release: “Hemp, Inc. Featured on Oregon NBC 5 Station Following Passage of 2018 Farm Bill”https://www.hempinc.com/hemp-inc-featured-on-oregon-nbc-5-station-following-passage-of-2018-farm-bill/Hit: “Carolina’s next cash crop?: Farm bill will add hemp into more growers’ rotation” – The Wilson Times, December 26, 2018Press Release: “Hemp, Inc. Receives Prominent News Coverage Discussing Hemp Legalization and Small Family Farms”https://www.hempinc.com/hemp-inc-receives-prominent-news-coverage-discussing-hemp-legalization-and-small-family-farms/Hit: “Arizona’s next cash crop? Lawmaker pushes for rush on hemp bill” – ABC 15, January 28, 2019Press Release: “Hemp, Inc. Applauds Arizona Legislative Drive to Push Up Industrial Hemp Licensing Date to June 2019 as Veteran Village Kins Community Builds Out Infrastructure”https://www.globenewswire.com/news-release/2019/02/25/1741708/0/en/Hemp-Inc-Applauds-Arizona-Legislative-Drive-to-Push-Up-Industrial-Hemp-Licensing-Date-to-June-2019-as-Veteran-Village-Kins-Community-Builds-Out-Infrastructure.htmlHit: “Farmers could plant hemp in Arizona fields this summer, if bill passes – ABC KUGN-9, February 8, 2019Hit: “Adams on Agriculture – Bruce Perlowin/Hemp, Inc.” – Adams On Agriculture, February 22, 2019Press Release: “Hemp, Inc. CEO Featured on National Radio Show Discussing Company’s Expanding Footprint and Demand for Cannabidiol”https://www.globenewswire.com/news-release/2019/02/27/1743589/0/en/Hemp-Inc-CEO-Featured-on-National-Radio-Show-Discussing-Company-s-Expanding-Footprint-and-Demand-for-Cannabidiol.htmlHit: “Hemp, Inc. seeking JV partners for processing facilities, CEO says” – MergerMarket, February 28, 2019Hit: “Hemp, Inc. holds first west coast educational seminar in Ashland” – (NBC) KOBI-5, March 23, 2019Press Release: “Hemp, Inc. Featured by CBS and NBC Affiliates in Oregon About The Hemp University’s Educational Hemp Seminar”https://www.hempinc.com/hemp-inc-featured-by-cbs-and-nbc-affiliates-in-oregon-about-the-hemp-universitys-educational-hemp-seminar/Hit: “Hemp University: getting schooled on cannabis” – CBS News 10, March 26, 2019Press Release: “Hemp, Inc. Featured by CBS and NBC Affiliates in Oregon About The Hemp University’s Educational Hemp Seminar”https://www.hempinc.com/hemp-inc-featured-by-cbs-and-nbc-affiliates-in-oregon-about-the-hemp-universitys-educational-hemp-seminar/Hit: “How Hemp Is Giving Renewed Life To America’s Tobacco Farmers” – Forbes, March 25, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin Featured in Forbes Discussing Tobacco Farmers Who are Turning to Industrial Hemp”https://www.hempinc.com/hemp-inc-ceo-bruce-perlowin-featured-in-forbes-discussing-tobacco-farmers-who-are-turning-to-industrial-hemp/Hit: “Market for hemp still a ways off” – Tri-State Neighbor, March 28, 2019Hit: “Tobacco growers may find new avenue in hemp farming” – AgDaily, April 26, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin Featured in AgDaily Discussing Hemp as Agricultural Industry’s Newest Cash Crop”https://www.hempinc.com/hemp-inc-ceo-bruce-perlowin-featured-in-agdaily-discussing-hemp-as-agricultural-industrys-newest-cash-crop/Hit: “Industrial hemp has potential to be a big cash crop for area farmers” – Tulsa World, May 12, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin Featured in Tulsa World Discussing Oklahoma’s Industrial Hemp Industry”https://www.hempinc.com/hemp-inc-ceo-bruce-perlowin-featured-in-tulsa-world-discussing-oklahomas-industrial-hemp-industry/Hit: “Growing hemp in the desert” – Today’s News-Herald/Havasu News, June 10, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin Featured on Cover of Today’s News-Herald Discussing Arizona’s Industrial Hemp Industry”https://www.globenewswire.com/news-release/2019/06/17/1869821/0/en/Hemp-Inc-CEO-Bruce-Perlowin-Featured-on-Cover-of-Today-s-News-Herald-Discussing-Arizona-s-Industrial-Hemp-Industry.htmlHit: “Hempathon” contest planned for Golden Valley” – Mohave Daily News, July 7, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin Featured in Mohave Daily News and CBD Today Discussing Hempathon”https://finance.yahoo.com/news/hemp-inc-ceo-bruce-perlowin-165236585.htmlHit: “Hemp, Inc. Seeking Agriculture Suppliers and Farmers for Hempathon Event” – CBD Today, July 2, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin Featured in Mohave Daily News and CBD Today Discussing Hempathon”https://finance.yahoo.com/news/hemp-inc-ceo-bruce-perlowin-165236585.htmlHit: “Hemp Inc. to Hold “Hempathon” in Mohave County” – Arizona Cannabis News, July 15, 2019Hit: “Hemp, Inc. taking hemp into bioplastics” – Plastics News, August 22, 2019Press Release: “Hemp, Inc. Featured in Plastics News Regarding Entry Into Hemp Bioplastics Industry to Help Fill Growing Demand for Eco-friendly Materials”https://www.hempinc.com/hemp-inc-announces-hemp-cultivation-now-legal-in-new-jersey-through-expanded-regulations/Hit: “ROSEBUD ORIGINAL VIDEO: Hemp University the Pre-Harvesting Symposium” – Mail Tribune, September 9, 2019Press Release: “Hemp, Inc. Subsidiary, The Hemp University, Featured in Mail Tribune Showcasing Pre-Harvest Symposium Hemp Workshop”https://www.hempinc.com/hemp-inc-subsidiary-the-hemp-university-featured-in-mail-tribune-showcasing-pre-harvest-symposium-hemp-workshop/Hit: “Hemp In The Valley” – CBS News 10, September 12, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin Featured on CBS News 10 in Oregon Discussing State’s Booming Hemp Industry”https://www.hempinc.com/hemp-inc-ceo-bruce-perlowin-featured-on-cbs-news-10-in-oregon-discussing-states-booming-hemp-industry/Hit: “Episode 72 : “King of pot, smuggling 101, and getting arrested on an airplane” – Off Script With Trish Glose, CBS News 10 Podcast, September 25, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin to be Featured on the Podcast “Off Script with Trish Glose” This Wednesday”https://www.hempinc.com/hemp-inc-ceo-bruce-perlowin-to-be-featured-on-the-podcast-off-script-with-trish-glose-this-wednesday/Hit: “Why US Tobacco Farmers Are Switching To Hemp” – Business Insider, September 16, 2019Press Release: “Hemp, Inc. Affiliate, Through a Joint Venture, Featured on Business Insider for North Carolina Farming Operations”https://www.hempinc.com/hemp-inc-affiliate-through-a-joint-venture-featured-on-business-insider-for-north-carolina-farming-operations/Hit: “HEMP, INC. Joins The Stock Day Podcast to Discuss The Distribution of Their Hemp Pre-Rolls” – Stock Day Podcast, September 27, 2019Press Release: “HEMP, INC. Joins The Stock Day Podcast to Discuss The Distribution of Their Hemp Pre-Rolls”https://www.hempinc.com/hemp-inc-joins-the-stock-day-podcast-to-discuss-the-distribution-of-their-hemp-pre-rolls/Hit: “Hemp hardwoods, bioplastics expand crop use beyond CBD” – United Press International, October 2, 2019Press Release: “Hemp, Inc. Featured in Globally Syndicated News Provider, United Press International, Discussing Industrial Applications for Bioplastics”https://www.hempinc.com/hemp-inc-featured-in-globally-syndicated-news-provider-united-press-international-discussing-industrial-applications-for-bioplastics-2/Hit: “Rising High: An Exclusive Talk with Industrial Hemp Company Hemp, Inc.” – The Fly, October 17, 2019Press Release: “Hemp, Inc. Profiled in Financial News Outlet, The Fly”https://www.hempinc.com/hemp-inc-profiled-in-financial-news-outlet-the-fly-2/Hit: “Lack of Processing Facilities For Hemp” – ABC News Watch 12, October 30, 2019Press Release: “Hemp, Inc. Oregon Processing Operation Featured in NewsWatch 12’s Harvest Coverage”https://www.hempinc.com/hemp-inc-oregon-processing-operation-featured-in-newswatch-12s-harvest-coverage/Hit: “Hemp farmers in red tape” – CBS News 10, November 5, 2019Press Release: “Hemp, Inc.’s Commentary on New USDA Rules Featured in KTVL Broadcast and Smoky Mountain News”https://finance.yahoo.com/news/hemp-inc-commentary-usda-rules-133259687.htmlHit: “Legislature to ban smokable hemp in N.C.” – Smoky Mountain News, November 6, 2019Press Release: “Hemp, Inc.’s Commentary on New USDA Rules Featured in KTVL Broadcast and Smoky Mountain News”https://finance.yahoo.com/news/hemp-inc-commentary-usda-rules-133259687.htmlHit: “Hemp Inc. CEO, Bruce Perlowin Interview” – The Light, November 13, 2019Press Release: “Hemp, Inc. CEO Bruce Perlowin Joins News Video Series, The Light, to Discuss Company Initiatives”https://finance.yahoo.com/news/hemp-inc-ceo-bruce-perlowin-124612561.htmlHit: “Report: Hemp Likely to Become Major Crop in U.S. Agriculture” – November 22, 2019
Press Release: Hemp, Inc.’s CEO, Bruce Perlowin, is Featured in HEMP Magazine Coverage About Hemp Cultivation – 11/26/2019Hit: “Cannabis stocks up in smoke even as Congress pushes legalization – November 22, 2019
Press Release: Hemp, Inc. CEO Bruce Perlowin Featured in Sinclair Broadcast Coverage About Hemp Stocks Amidst a Congressional Push for Legalization – 12/03/2019Hit: Having Built the Largest Hemp Processing Facility in the Western Hemisphere in North Carolina, Hemp Inc is leading the way in Industrial Hemp – November 25, 2019Press Release: Hemp, Inc. CEO, Bruce Perlowin, Interviewed in CEOCFO Magazine on Leading Industrial Hemp in America – 12/09/2019Hit: Ep.33 – Becoming the King of Pot and What’s Next for Hemp with Bruce Perlowin – January 21, 2020Press Release: Hemp, Inc.’s CEO, Bruce Perlowin is Interviewed by The Pot.Live Podcast – 1/27/2020Hit: King of Hemp Store to open doors: Community-minded Kingman shop will offer products from marijuana’s straight-laced cousin – January 28, 2020
Press Release: Hemp, Inc.’s Newly Launched Retail Store in Kingman, Arizona Featured In Local Media Outlet Kingman Daily Miner – 1/30/2020Hit: CEO of Hemp, Inc., Bruce Perlowin, Discusses Aggressive Growth Strategy with The Stock Day Podcast – February 19, 2020
Press Release: CEO of Hemp, Inc., Bruce Perlowin, Discusses Aggressive Growth Strategy with The Stock Day Podcast – 2/19/2020Hit: The Long and Short On Hemp, Inc. – February 23, 2020
Press Release: Hemp, Inc. Announces Microcap Daily Article Names Company Among ‘Most Active’ in Small Caps – 3/3/2020Hit: Fields of Dreams: Hemp operation underway near Dolan Springs – February 27, 2020
Press Release: Hemp, Inc.’s Strategic Hemp Growing Partner Veteran Village Kins Community Arizona, Inc. Featured In The Kingman Daily Miner – 3/2/2020Hit: USDA and DEA Delay Rules on Hemp Testing and Disposal – March 4, 2020
Press Release: Hemp, Inc.’s Commentary Featured in Hemp Magazine Coverage on USDA Hemp Testing Rules – 3/5/2020Hit: Hemp Farmers May Be Eligible For COVID Rescue Money – March 31, 2020
Press Release: Hemp, Inc. Featured in Hemp Market Report Discussing COVID-19 Stimulus Relief Funds for the Hemp Industry – 4/1/2020Hit: Hemp Farmers May Be Eligible For COVID Rescue Money (Caswell Messenger Pick-up) – March 31, 2020
Press Release: Hemp, Inc. Featured in The Caswell Messenger’s Coverage on The CARES Act – 4/2/2020DAILY UPDATES ON FACEBOOKHemp, 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.)THE UPCOMING DOCUSERIESHemp, 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 2020/21. The docuseries is expected to follow the film’s release. The film crew will also capture hemp developments in markets around the globe.THE DIFFERENCE BETWEEN HEMP AND MARIJUANAHemp 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.HOW HEMP CAN CHANGE THE WORLDFiber – 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 amountSUBSCRIBE TO HEMP, INC.’S VIDEO UPDATES“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 ½ 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 BENCHMARKSHemp Benchmarks®, 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 UpdatesThe downloadable PDF can be accessed here. Be sure to visit their site, www.hempbenchmarks.com.UPCOMING EVENTSHempathon. (See above)SOCIAL NETWORKShttps://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)FORWARD-LOOKING DISCLAIMER AND DISCLOSURESThis 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.Contact:Hemp, Inc. firstname.lastname@example.org
Pharmadrug Inc. Enters Definitive Agreement to Acquire Super Smart Paving Its Entry into the Psychedelic Market
Toronto, Ontario–(Newsfile Corp. – May 25, 2020) – Pharmadrug Inc. (CSE: BUZZ) (OTC: LMLLF) (“Pharmadrug” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Acquisition Agreement”) pursuant to which Pharmadrug will acquire all of the issued and outstanding shares of privately-held Interrobang Ltd. (doing business as Super Smart). (“Super Smart”), to be effected by way of a three-cornered amalgamation between Pharmadrug, Super Smart and a wholly-owned subsidiary of Pharmadrug (the “Proposed Transaction”). Following completion of the Proposed Transaction Super Smart will become a wholly-owned subsidiary of Pharmadrug. It is anticipated that the Proposed Transaction will be completed in early June, 2020.
As noted in the Company’s press release dated May 20, 2020, Super Smart is an early-stage retail company focused on consolidating the fragmented Dutch smartshop market. Smartshops are retail establishments in The Netherlands that specialize in the sale of psychoactive substances including psychedelic truffles, which are an underground grown version of magic mushrooms that have psilocybin and are legal in The Netherlands. Super Smart will seek to acquire smartshops and deploy disciplined business expertise, retail best practices and consistent branding across multiple locations to capture in market share and improve margins in this rapidly growing segment. Super Smart’s management team is well suited to pursue the smartshop consolidation strategy and brings a proven track record in retail, marketing, brand building, web sales and customer education.
The Company views the Proposed Transaction as a complementary acquisition of a proposed business which the Company anticipates will be synergistic with Pharmadrug’s existing European cannabis distributions business. The Company currently operates as a Medical Cannabis distributor in Europe and views psychedelics as part of the emerging natural based medicine trend. The Company is fully committed to its business in Germany and considers it to be the hub of its business activities in Europe. As mentioned in the press release dated April 24, 2020, the Company’s German operations are seeing volume growth and the Company expects volumes to continue to grow with plans to introduce medical cannabis under its own brand in the next 3 to 6 months. The acquisition of smartshops in The Netherlands is seen as a move towards vertical integration of its existing cannabis business insofar as smartshops act as retail outlets for cannabis products such as CBD products and cannabis paraphernalia. Furthermore, the Company believes the acquisition provides an opportunity to expand its existing operations into the psychedelics space as permitted by law. Management believes the Proposed Transaction is also a platform to potentially acquire synergistic assets.
At the time of the Proposed Transaction, the Company expects Super Smart’s assets will consist of a brand and strategy to acquire smartshops in The Netherlands and approximately CAD $2.6 million of cash with liabilities of CAD $2.5 million in outstanding convertible debentures that will be amalgamated into Pharmadrug’s capital structure as per terms discussed below.
Terms of Acquisition Agreement
Pursuant to the terms of the Acquisition Agreement, each issued and outstanding share of Super Smart (a “Super Smart Share”) will be exchanged for one common share in the capital of the Company (a “Pharmadrug Share”). It is expected that at the time of the closing of the Proposed Transaction, Super Smart will have 44,000,000 Super Smart Shares issued and outstanding together with $2,500,000 principal amount of senior secured convertible debentures (the “Super Smart Debentures”), 33,000,000 common share purchase warrants (“Placement Warrants”) and 3,478,400 finder options (the “Finder Options”).
The Super Smart Debentures shall bear interest at a rate of 12% per annum from the date of issue and payable monthly in cash and shall rank pari passu with one another and senior to all other indebtedness. The Super Smart Debentures shall mature on the date (the “Maturity Date”) which is three (3) years from their issuance (which is anticipated to be on or about closing of the Proposed Transaction). Super Smart will have a right to prepay or redeem a part or the entire principal amount of the Super Smart Debentures at par plus accrued and unpaid interest at any time by providing written notice of the date (the “Redemption Date”) for such redemption to the holder at least a minimum of 30 days and a maximum 60 days’ prior to the Redemption Date. Each Super Smart Debenture will be convertible into units (each, a “Unit”) at the option of the holder at any time prior to the close of the third business day prior to the earlier of: (i) the Maturity Date and (ii) the Redemption Date at a price of $0.05 per Unit with each Unit consisting of one Super Smart Share and one-half of one Super Smart Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Super Smart Share at an exercise price of $0.05 for a period of 36 months from the date of issuance of the Super Smart Debentures. In the event that the Super Smart Shares have a closing price on such exchange on which the Super Smart Shares may be traded at such time of greater than $0.15 per share for a period of 10 consecutive trading days, Super Smart will be able to cause the Super Smart Debentures to be converted into Units. Each Super Smart Debenture will, following completion of the Proposed Transaction, entitle the holder thereof to acquire equivalent securities of Pharmadrug in place of the securities of Super Smart on conversion of such debenture.
In addition to the outstanding Super Smart Shares and Super Smart Debentures, Super Smart will also have outstanding prior to closing (i) 3,478,400 Finder Options which will entitle the holder thereof to acquire one Unit at a price of $0.05 and (ii) 33,000,000 Placement Warrants issued in connection with a private placement of units of Super Smart with each such Placement Warrant entitling the holder to acquire one Super Smart Share at a price of $0.05 at any time on or before the third anniversary of the closing of the Proposed Transaction. Each Finder Option and Placement Warrant will, following completion of the Proposed Transaction, entitle the holder thereof to acquire equivalent securities of Pharmadrug in place of the securities of Super Smart.
Following completion of the Proposed Transaction the security holders of Super Smart and the Company immediately preceding the Proposed Transaction will hold approximately 47% and 53%, respectively, of the fully diluted share capital of the Company.
It is expected that all Pharmadrug Shares (including Pharmadrug Shares issued upon conversion of Super Smart Debentures and the exercise of Super Smart Warrants and the Finder Options) issued pursuant to the Proposed Transaction, except those issued to U.S. persons, will be freely tradable under applicable Canadian securities legislation.
The Acquisition Agreement contains representations, warranties, covenants and conditions typical for a transaction of this nature. The Proposed Transaction is subject to, among other things, receipt of all applicable shareholder and regulatory approvals, the final approval of the Canadian Securities Exchange and the satisfaction of customary closing conditions, including the conditions described below.
A copy of the Acquisition Agreement will be filed by Pharmadrug with the Canadian securities regulators and will be available for viewing on the Company’s profile on SEDAR at www.sedar.com. A description of the Acquisition Agreement will also be set forth in P material change report to be filed on SEDAR.
Conditions to the Proposed Transaction
Completion of the Proposed Transaction is subject to certain conditions precedent including, among other things:
- the receipt of all required approvals by the respective boards of directors of Pharmadrug and Super Smart;
- the receipt of approval of the Proposed Transaction by shareholders of Super Smart;
- the receipt of all required consents, approvals and authorizations of any regulatory authorities, including, without limitation, the Canadian Securities Exchange;
- each of the parties shall have complied with each of its obligations, covenants and agreements in the Acquisition Agreement;
- there shall be no material adverse effect with respect to either of Pharmadrug or Super Smart;
- the receipt of all required consents and approvals of third parties.
Management and Board of Directors
The Company does not anticipate reconstituting its Board of Directors in connection with the Proposed Transaction. Daniel Cohen will remain as Chairman and CEO and Keith Li will continue in his role at CFO. Together, they will continue to oversee general corporate activity, the running of Pharmadrug GmbH in Germany as well as the integration of Super Smart into the combined corporate strategy. Howard Brass has resigned as COO of Pharmadrug effective immediately to pursue other ventures. We thank him for his past contribution to Pharmadrug and wish him well with all his future endeavours.
It is expected that current members of the Super Smart management team will join the Company and occupy roles as senior business unit managers. Most notably, Harry Resin who is the current CEO of Super Smart will join and continue to run the Super Smart division within Pharmadrug. We believe Mr. Resin is uniquely positioned to run the Super Smart strategy. As a founding member of an original Amsterdam seed company, Mr. Resin dealt extensively with and provided consulting work to Amsterdam’s smartshop industry. He has a deep established network and a fundamental understanding of the smartshop business model. Mr. Resin has also served as a staff writer for High Times and also wrote for numerous cannabis publications including Cannabis Now, Skunk and a Medical Cannabis Journal.
Although the parties have entered into a definitive Acquisition Agreement in connection with the Proposed Transaction, completion of the Proposed Transaction remains subject to a number of conditions as set forth herein. If such conditions are not satisfied it is possible that the Proposed Transaction will not be completed on the terms set forth herein or at all.
About PharmaDrug Inc.
PharmaDrug Inc. is building an internationally focused cannabis business focused on Europe. The Company owns 80% of Pharmadrug GmbH, a German medical cannabis distributor, with a Schedule I European Union narcotics license allowing for the importation and distribution of medical cannabis to pharmacies in Germany and throughout the EU.
For further information, please contact:
Daniel Cohen, CEO
Caution Regarding Forward-Looking Information:
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED NOR DOES IT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results of the Company. Forward looking statements in this press release relate to the potential to complete the Proposed Transaction and the timing thereof, the integration of the Smart Shop business and the completion of the debt restructuring, anticipated volume growth in the Company’s German business and the introduction by the Company of its own brand of medical cannabis. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances. The Company’s securities have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S. Persons”, as such term is defined in Regulations under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful. Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein, such as, but not limited to dependence on obtaining regulatory approvals; the ability to locate additional supply of medical cannabis, owning interests in companies or projects that are engaged in activities currently considered illegal under United States federal law; changes in laws; limited operating history, reliance on management, requirements for additional financing, competition, hindering market growth; regulatory and political change. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56491
City View Green Holdings Inc. Announces Second Tranche Closing of Private Placement
Toronto, Ontario–(Newsfile Corp. – May 25, 2020) – City View Green Holdings Inc. (“City View” or the “Company“), trading through the facilities of the Canadian Securities Exchange (“CSE“) under the symbol “CVGR” and on the OTCQB® under the symbol “CVGRF” announces that it has now completed a second tranche (the “Second Tranche“) of its non-brokered private placement (the “Offering“) previously announced April 21, 2020. Under the Second Tranche, the Company has issued 6,000,000 units for gross proceeds of $300,000. All securities issued under the 2nd Tranche are subject to a hold period expiring September 23, 2020, in accordance with applicable securities laws. Together with the first tranche closing announced April 30, 2020, the Company has now raised a total of $830,000 from the sale of units under the Offering.
About City View
City View Green is a leading cannabis-infused food company focused on the development of food brands, extraction and distribution. Upon the anticipated receipt of its Cannabis Act processing and sales licences (“Cannabis Licences“), City View will incorporate cannabis-infused food production and extraction at its Brantford, Ontario facility. Once operational, it is our expectation that City View will produce high quality cannabis-infused food, oils, distillates, and water-soluble products for the food and beverage markets. In addition, City View owns a 19.9% stake in Budd Hutt Inc. (“Budd Hutt“), a retail-focused cannabis company with access to cannabis cultivation and production licences in Alberta and other retail opportunities across Canada. Through its relationship with Budd Hutt, the Company anticipates securing shelf space, product placement, and distribution opportunities for City View’s products. For more information visit www.cityviewgreen.ca.
For further information contact:
City View Green Holdings Inc.
Rob Fia, CEO & President
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements which are not composed of historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, availability and costs of financing needed in the future, changes in equity markets, delays in the development of projects, and ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company’s business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56489
MediPharm Labs and Ace Valley Deliver Innovative Vapes – Now Available in Several Markets Across Canada
TORONTO, May 25, 2020 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) (“MediPharm Labs” or the “Company”), a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, is pleased to announce that its highly anticipated and innovative suite of “Ace Valley Vapes” are officially available in several markets across Canada. The Company shipped three new vape products under this white label brand-line to multiple provinces last week.
The launch of the Ace Valley Vapes is the culmination of the Company’s previously announced white label agreement through its subsidiary, MediPharm Labs Inc., with AV Cannabis Inc. (d/b/a Ace Valley). Through this collaboration, Ace Valley leveraged its leading brand traction and product strategy expertise to design, brand and market new and innovative vaporizer products, while MediPharm Labs provided raw material from its supply chain, high-quality cannabis distillate, formulation and filling expertise from its GMP-certified facility, as well as distribution services across Canada to cannabis distributors and retailers.“Ace Valley has emerged as one of Canada’s true cannabis brands. We are proud to be partnering with a team that consistently raises the bar through product development and marketing ingenuity, further elevated by our superiour product formulations and top CPG-quality processes,” said Pat McCutcheon, Chief Executive Officer of MediPharm Labs.“We are passionately building a great cannabis brand in Canada,” said Mike Wagman, Chief Executive Officer of Ace Valley. “Our new all-in-one vapes, with an innovative logo light-up feature, are a big part of our platform and we have a strong partner in MediPharm Labs, the leader in cannabis extraction and purified cannabis concentrates in Canada.”Unique Product Formulations with Original Vape Hardware
Each Ace Valley Vape is an all-in-one unit with 0.3 ml of formulated cannabis distillate. Working in collaboration with Ace Valley, MediPharm Labs’ Applied Science team formulated three unique products – CBD, Sativa and Indica options – each comprised of 95% distillate and 5% botanically derived terpenes, with zero carrier oil, other additives, or thickening agents. Ace Valley selected this variety of vape options so consumers can curate their experience.The vape hardware is an all-in-one unit, not requiring a separate purchase of battery and vapourizer cartridge. Ace Valley wanted to offer customers something convenient, consistent, and easy-to-use. By providing an integrated all-in-one hardware device, they were able to deliver maximum consistency from one experience to the next, as the distillate and vapourizing hardware have been specifically designed and tested together.“The concept for our new vapes is the brainchild of our co-founder, Noah Gill, who wanted customers to have a fun way to experience the device,” explained Mike Wagman, CEO of Ace Valley. “Unlike other vape pens on the market, the Ace Valley Vape lights up each of the four colour bands in our logo sequentially as you inhale. This provides the customer with simple and intuitive control and a unique interaction.”Multi-Province Distribution
MediPharm Labs has already completed shipments to Ontario, BC and Alberta distribution hubs.
The Ace Valley Vapes are anticipated to be available at select retailers in ON, BC, Alberta, Manitoba, and Saskatchewan.About Ace Valley
Ace Valley is a leading recreational cannabis brand. Since launching in October 2018, Ace Valley has built a curated, ready-to-use portfolio of pre-rolls, vapes and real-fruit gummies* (*launching soon) with wholesale and retail distribution across most of Canada. Ace Valley drives leading sales and brand awareness by leveraging its product strategy expertise, consumer insights and loyal community of fans.About MediPharm Labs Corp.
Founded in 2015, MediPharm Labs specializes in the production of purified, pharmaceutical quality cannabis oil and concentrates and advanced derivative products utilizing a Good Manufacturing Practices certified facility with ISO standard-built clean rooms. MediPharm Labs has invested in an expert, research-driven team, state-of-the-art technology, downstream purification methodologies and purpose-built facilities with five primary extraction lines for delivery of pure, trusted and precision-dosed cannabis products for its customers. Through its wholesale and white label platforms, they formulate, consumer-test, process, package and distribute cannabis extracts and advanced cannabinoid-based products to domestic and international markets. As a global leader, MediPharm Labs has completed commercial exports to Australia and is nearing commercialization of its Australian Extraction facility. MediPharm Labs Australia was established in 2017.For further information, please contact:
Laura Lepore, VP, Investor Relations
Telephone: +1 416.913.7425 ext. 1525
Website: www.medipharmlabs.comCAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, expected sale of the Ace Valley Vapes at various provincial retailers. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inability of MediPharm Labs to obtain adequate financing; the delay or failure to receive regulatory approvals; and other factors discussed in MediPharm Labs’ filings, available on the SEDAR website at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, MediPharm Labs assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.All information contained in this press release with respect to Ave Valley was supplied by Ace Valley for inclusion herein.Photos accompanying this announcement are available athttps://www.globenewswire.com/NewsRoom/AttachmentNg/e0e9a2f1-456e-4d74-9b83-ed4292c56ea0https://www.globenewswire.com/NewsRoom/AttachmentNg/2795c368-8023-462a-a7ee-94d0418c39d1
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