Las Vegas, NV, April 30, 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 85,000 square foot multipurpose industrial hemp processing facility on 9 acres in Spring Hope, NC, a 55,000 square foot state-of the art local processing center in White City, 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 exactly how its revenues are flowing in from every direction. That is no surprise considering Hemp, Inc. has built a broad-based multi-state U.S. infrastructure over the last 10 years.
“We’ve made great strides this year so far and we’re expecting 2020 to be the biggest year of revenues for Hemp, Inc. The Company has consistently been a leader in the hemp industry, shaping what the industrial hemp industry will look like in the future,” said Bruce Perlowin, CEO of Hemp, Inc. “This year we are leaning into the growing demand for CBG for its highly acclaimed and diverse medicinal qualities, and industrial hemp to supply the growing demand for sustainable industrial materials.”Hemp, Inc.’s 2020 Top Revenue Highlights and Events to date include:Drillwall™ ProductAt the end of 2019, Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM) in North Carolina, signed a contract to supply $1,000,000 worth of its DrillWall™, a proprietary kenaf-hemp blend natural Loss Circulation Material (LCM) product for the oil and gas well drilling industries.  To date, $120,000 of product has been delivered and paid for by the buyer.To read more regarding this lucrative deal, click here to read the press release “Hemp, Inc.’s North Carolina Operation Enters $1 Million Sales Agreement for Proprietary Loss Circulation Material Product, DrillWall”.The Great American HempathonThe Company’s first ever grow contest, The Great American Hempathon, also opened enrollment. During Hempathon, hemp growers can demonstrate their growing skills and share in the $50,000 prize money. The area for the Hempathon is situated on the 500-acre ecovillage, with 80+ acres designated for hemp cultivation. Each team is responsible for installing irrigation systems, preparing the soil, and maintaining the grow operation.There are currently 6 geodesic domes situated on the land as well as overnight RV camping sites so that participants can reside there during the grow.  Hemp, Inc.’s Hemp Academy in Arizona will offer classes in one of the geodesic domes during the Hempathon. The programming is set to include lectures from hemp experts, product developers, field trips to the grow area, as well as movies, documentaries and courses on everything from biodynamic farming, permaculture, organic farming practices, bees and predator pest control, soil amendments, cloning, and grafting. The educational experience provides attendees with the opportunity to learn about this new emerging multi-billion dollar industry from hemp industry experts.To inquire about participating in the Hempathon, click here. To watch the “The Great American Hempathon” in real time, click here. The King of Hemp StoreTMThis year marked the soft launch of The King of Hemp Store™, Hemp, Inc.’s flagship, brick-and-mortar 5,000 square foot retail store in Kingman, Arizona.  The store is expected to officially open soon.According to executives, The King of Hemp StoreTM will carry Hemp, Inc.’s King of HempTM (KOH) pre-roll line, a variety of cannabidiol CBD and CBG products such as flower, tinctures, health and beauty products, and apparel that includes hemp shirts, pants, hemp denim jeans, jackets, backpacks, purses, and handbags. Other items will include topicals, shampoos, conditioners and more. A lounge area in which community members can learn more about hemp, in a relaxing setting, is also planned as part of the store.The proceeds from the sale of its products will go to help orphans, the homeless and veterans. The plan is to utilize money earned at the store to create activities and subsequent venues for the children of Kingman, Golden Valley, and Dolan Springs, Arizona.To read the full release “Hemp, Inc.’s Newly Launched Retail Store in Kingman, Arizona Featured In Local Media Outlet Kingman Daily Miner”, click here.King of Hemp™ Pre-RollsThe King of Hemp™ (KOH) super-premium quality pre-roll line is in full production and bringing in revenue. The much anticipated pre-roll line didn’t disappoint once it launched as distributors reported quick sales in a matter of hours after stocking the high-quality CBD smokables. One distributor, in particular, sold almost 300 King of Hemp™ pre-rolls in a week after listing it on its website, www.naturalexposurecbd.com, and noticed a huge interest for autographed King of Hemp pre-rolls from the King of Hemp™ himself, Bruce Perlowin.  Based on the interest, Perlowin expects the current limited edition (signed and numbered) to be extremely valuable in the collector’s market in the future.  The Company is also transitioning from the current packaging to more sustainable packaging. Derived from one of the top selling cultivars on the market, Pre-98 OG Bubba Kush, the King of Hemp™ pre-rolls are already positioned to corner the market as one of the best tasting for hemp consumption and is expected to be a massive revenue generator for the company.Read “King of Hemp™ Pre-Rolls Capture Market and Garners Rave Reviews within One Day of Launching”.  Visit KOH’s website www.kingofhempusa.com.King of Hemp™ FlowerThe first sales of KOH super-premium flower were made and continue to steadily grow. Though there was a slight interruption in sales due to the COVID-19 pandemic, sales have resumed and are on track.The Pre-98 OG Bubba Kush is Hemp, Inc.’s top-shelf CBD flower sourced from certified growers to ensure high CBD content, eye-popping aesthetics, and clean genetics. The company is selling 10,000 lbs. of Pre-98 OG Bubba Kush available for sale at a wholesale pricing. The rest of the grow will be used for the King of Hemp™ pre-rolls mentioned above which is expected to earn the Company more than three times as much money as selling it wholesale.Hemp, Inc. expects to roll-out the second product in the KOH product line -‘Midnight Express’ – in honor of Billy Hayes who made the name famous in the 1978 movie ‘Midnight Express’ chronicling his suffering at the hands of Turkish authorities for trying to smuggle hash shish out of Turkey, says Perlowin.Those interested in purchasing Hemp, Inc.’s hemp buds, email [email protected].King of Hemp™ TincturesKing of Hemp™ (KOH) Tinctures also hit the market with steady sales. There was a slight interruption in sales due to the COVID-19 pandemic but sales have resumed and are back on track. It’s also important to note that related COVID-19 issues delayed a nationwide roll-out but the Company is moving forward in selected areas.Events to note include:The Golden Grow AwardsThe Golden Grow Awards were held in conjunction with the Hemp University’s New Leaf Symposium. The sold-out event in January was held in Jacksonville, Oregon. It was an incredible experience for local farmers to get together and share ideas and strategies as they further their investment in this new industry. The event was an invaluable tool for anyone looking to grow hemp and to ensure the success of their farms. 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 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. There were four categories judged in the awards: Top CBD, Top Terpenes, Judge’s Favorite, and Peoples’ Choice.Ten growers from six states (Arizona, Nevada, California, North Carolina, Oregon, West Virginia) were selected to grow various CBG cultivars to determine the quality and strength of the cultivars in different microclimates.Read Hemp, Inc. Subsidiary, The Hemp University, Announces Successful New Leaf Symposium, Golden Grow Awards Gala for more information on The Golden Grow Awards.Cloning OperationsCloning operations are now underway in Arizona and North Carolina. This will help fill the void of CBG seeds expected this year, which are in high demand.  The seeds will continue to be planted at various times of the year to determine suitability by cultivars in the tested microclimate. Last year, two cultivars that were extremely successful in Southern Oregon were tested and Hemp, Inc. grows in North Carolina. The results showed that growing in Oregon yields robust, high-quality plants. Growing microclimate specific cultivars dramatically increases yield and quality.Kins Community Website LaunchedHemp, Inc.’s Kins Community website (www.kinscommunity.com) was released to increase awareness of the problems many U.S. Veterans face today as well as a place for healing and growing for veterans.Read Hemp, Inc.’s Strategic Hemp Growing Partner Veteran Village Kins Community Arizona, Inc. Featured In The Kingman Daily Miner.King of Hemp™ Website to be RedesignedThe KOH website (http://www.kingofhempusa.com/) will be redesigned over the next few weeks for better functionality.The global industrial hemp market size is expected to reach USD 15.26 billion by 2027, exhibiting a revenue-based CAGR of 15.8% over the forecast period, according to a new report published by Grand View Research, Inc., citing a growing preference for eco-friendly products. Meanwhile, one of the key phytocannabinoids present in feminized hemp, CBG has been attracting a lot of attention in the scientific community for its many anti-inflammatory and anti-bacterial properties.For those interested in becoming a distributor for Hemp, Inc.’s King of Hemp™ pre-roll line, please email [email protected].  According to Perlowin, the Company will also offer an affiliate program for the pre-roll line. Those interested in becoming an affiliate should email [email protected].To see 1-minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all of Hemp, Inc.’s activities around the country.WHAT IS HEMP, INC.?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 smokable 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 protected].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 smokable 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 smokable 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)