Las Vegas, NV, June 09, 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 hemp pre-roll blending manufacturing facility in Las Vegas, NV, a 5,000 square-foot retail store (The King of Hemp Store™) in Kingman, Arizona and recently surpassed over $1 million in sales of their pre-98 OG Bubba Kush buds, announced that it is proceeding with plans to build processing facilities in Florida and additional Kins Communities throughout the state.
“Hemp, Inc. is planning to be a dominant player in Florida. We are looking to build infrastructure for hemp in the state to help hemp farmers avoid a lot of the pitfalls that farmers have faced in other states. The Florida climate is right for hemp so it’s really just a matter of ensuring that there are proper processing facilities once the hemp has been harvested,” said Bruce Perlowin, CEO of Hemp, Inc. “I decided to put my own money into the Kins Community venture as oppose to having Hemp, Inc. invest and thereby create the perfect environment to grow hemp in.  I believe that the additional Kins Communities will be a great resource to people in the state and will boost Florida’s hemp production once they are built out and fully operational.”The announcement comes at the helm of Florida’s fledgling hemp industry. Florida Senate Bill 1020, which took effect July 1, 2019, allows for the cultivation and sale of hemp and hemp products, like CBD oil, rope and fabric. Under the law, hemp can contain up to 0.3% THC, the high-inducing psychoactive ingredient also found in marijuana. As the Industrial Hemp Pilot Project moves into its second year, along with a green light from USDA to cultivate the crop, on-farm research trials begin with commercial growers across the state. Perlowin strategically selected his home state of Florida because the environment accommodates hemp, so much so that farmers can yield more than one crop harvest during the growing season. To date, Perlowin has managed to set the foundations for over ten Kins Communities in Florida:·       Veteran’s Village Kins Community Florida, Inc.·       Women and Children’s Village Kins Community Florida, Inc.·       Orphan’s Village Kins Community Florida, Inc.·       Orphan’s Village Kins Community Haiti, Inc.·       Homeless Village Kins Community Florida, Inc.·       Healers Village Kins Community Florida, Inc.·       Heal the Healers Village Kins Community Florida, Inc.·       Friends and Family Village Kins Community Florida, Inc.·       Smuggler’s Village Kins Community Florida, Inc.·       Afro-American Village Kins Community Florida, Inc.·       Russian Village Kins Community Florida, Inc.·       Mexican Village Kins Community Florida, Inc.·       Cuban Village Kins Community Florida, Inc.·       Haitian Village Kins Community Florida, Inc.·       Jewish Village Kins Community Florida, Inc.·       Puerto Rican Village Kins Community Florida, Inc.In conjunction with the Kins Communities, Hemp, Inc. is in the initial stages of establishing hemp processing facilities, which have been a strong suite of the company given their success in Oregon and North Carolina. Hemp, Inc. plans on equipping Florida hemp farmers with the infrastructure they need to ensure the success of hemp in the state. They seek to establish processing facilities throughout the state, from the Florida Panhandle down to Homestead, Florida. This will benefit local hemp farmers and the Kins Community as each cultivation facility needs a processing center nearby. Hemp, Inc. has also signed $1 million dollar contract for its proprietary kenaf-hemp blend natural Loss Circulation Material (LCM) called DrillWall™ which is used in the oil and gas well drilling industries.  This product is produced out of its industrial hemp processing facility in Spring Hope, North Carolina.In addition to landing the $1 million dollar contract for the DrillWall™, the Company also surpassed $1,000,000 in sales from their super high quality, premium hemp flower, Pre-98 OG Bubba Kush also during the first quarter and half of the second quarter 2020.  According to Hemp, Inc. CEO, Bruce Perlowin, the Company expects strong sales to continue based on the high demand for its super high quality premium hemp flower.“We hit a groundbreaking milestone when we passed $1,000,000 in sales from our hemp flower. The demand is high. Sales are exploding. I think it’s safe to say, Hemp, Inc. is flourishing even amidst COVID-19.  I admit, it was very frustrating and full of delays with sales for about two months due to the pandemic but we’re full speed ahead now.  Our Pre-98 OG Bubba Kush hemp flower is exploding and we’re on track to be able to sell our King of Hemp™ pre-rolls in all 50 states. We’re also beginning our mass marketing campaigns so I’m certain we will have revenue in the millions to report for the second quarter and beyond.”Hemp, Inc. focused most of its resources and personnel on growing and processing a very successful high CBD hemp grow in Southern Oregon. This bold move and strategic action yielded great results in terms of revenue for the Company and have even set the tone for the rest of this year. Oregon also has a uniquely suited climate, politically and agriculturally, to dominate the fast-growing industry. Given that Oregon farmers have demonstrated the ability to grow world-renowned products, it makes sense that they would be able to produce some of the best hemp buds in the world.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 reportpublished by Grand View Research, Inc. To see one-minute videos of Hemp, Inc.’s current activities, visit Bruce Perlowin’s personal Facebook page, where he shares daily posts of Hemp, Inc.’s activities around the country. Those interested in King of Hemp™ pre-rolls or hemp-derived CBD tinctures should visit www.kingofhempusa.com or email [email protected].To view the webinar featuring Hemp, Inc.’s CEO, Bruce Perlowin, 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 2020, visit Bruce Perlowin’s personal Facebook page 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 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)