Market Overview

Hemp, Inc. Announces Processing of Top Quality A and B Colas in Southern Oregon

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Spring Hope, NC, Nov. 21, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Hemp, Inc. (OTC:HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers, has announced accomplishing two harvests and the drying of its high cannabidiol (CBD) A and B buds in Medford, Oregon to fulfill the growing demand for smokeable hemp flower.

The Company announced Oct. 3 that it had begun harvesting its hemp plants in Southern Oregon. Hemp Inc.'s A and B hemp colas are derived from Pre-98 OG Bubba Kush, one of the top selling cultivars on the market. The strain, rich soil and climate lend themselves to Hemp, Inc. colas being among the highest quality buds, positioning them to be some of the best tasting for consumption. A cola refers to a cluster of buds that grow tightly together, also known as the flowering site, on the hemp plant. 

Drying the A and B buds is a week-long process under specific temperature and relative humidity conditions. The A and B, OG Bubba Kush buds are now in the curing phase, which is a three week long process. After the curing phase the A and B buds will be bucked, trimmed, bagged, and stored as the Company begins manufacturing King of Hemp pre-rolls in early December – just in time for the holidays.

According to Hemp, Inc. CEO Bruce Perlowin, the "King of Hemp™" product line offers high-end products that are an effective and flavorful alternative to cigarettes and other hemp consumption methods. The pre-rolls are compliant with federal regulations and do not exceed 0.3% THC.  

Amid the vaping illnesses and harmful effects of consuming tobacco, Hemp, Inc. has identified an increased demand for smokeable hemp flower as people seek alternative methods of consumption. The Brightfield Group predicts the smokeable hemp flower market is projected to be worth $70.6 million this year, jumping from $11.7 million in 2018. 

"The hemp we harvested and are processing is of the highest quality. We have been diligent every step of the way—from selecting the seed to deciding what materials our hemp will be rolled-up and packaged in," said Hemp, Inc. CEO Bruce Perlowin. "At the moment we are in the middle of curing the colas but are looking forward to sharing these carefully processed buds with the public when we start producing the King of Hemp pre-rolls."

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 purchasing Hemp, Inc.'s pre-rolls should email flower@hempinc.com.

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 PROPRIETARY HEMP FLOWER DRYING SYSTEM

Unwavering in its commitment to the industrial hemp industry, Hemp, Inc. disclosed the successful development of its innovative hemp flower drying system for smokeable hemp flower. Highly efficient, this compact proprietary hemp flower drying system is fast, drying in only 3 days as opposed to the traditional 7 days while maintaining the critical terpene profile of the product.  To be unveiled at its Oregon location, Hemp, Inc. executives expect this advanced hemp flower drying system to bring in excess of $10,000,000 in revenue for the company from the Oregon 2019 harvest season. To read the full release on Hemp, Inc.'s proprietary hemp flower drying system, click here.

HEMP, INC.'S TEN DIVISIONS

Hemp, Inc. has been helping to build the industrial hemp infrastructure that was basically non-existent in America. There are now ten divisions:

Division One –     The Industrial Hemp Infrastructure

Division Two –     The Hemp Farming Infrastructure

Division Three –   The Hemp Extraction Infrastructure

Division Four –     The Hemp Educational Infrastructure

Division Five –     The Hemp Marketing Infrastructure

Division Six –        Accessories, Products and Services

Division Seven –   Research and Development

Division Eight –     Industrial Hemp Investments and Joint Ventures

Division Nine –      Industrial Hemp Consulting

Division Ten –       Educational Entertainment

Division One – The Industrial Hemp Infrastructure

The 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 materials (LCMs) that are 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. (See www.ihempman.com)

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. also has 4,500 acres of land in Golden Valley, Arizona (90 miles from Las Vegas, 30 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, Puerto Rico, West Virginia, Kentucky, Pennsylvania, New Hampshire 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 Two – The Hemp Farming Infrastructure

The 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 three years, has been amazing. (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 a model "Small Family Farm" in North Carolina situated on 12 acres that 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 $500,000+ a year.  This shows an example of how the "Small Family 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.

According to Perlowin, the company is preparing to grow on up to 500 acres of land in Oregon, 300 acres in Arizona (maybe more), hundreds of acres in NC (combination of hemp and kenaf), and an undetermined amount in other states. He says collective sales from all these grows will be extremely significant in terms of pre-rolls, high CBD buds, distillate, isolate and biomass. "By 2020, we anticipate the main function of the company will be sales and marketing as we will have completed the infrastructure to support that sales and marketing.  Right now, I believe we have the largest footprint 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, bagging, curing, storing, nitrogen sparging, machine trimming, hand trimming, and selling, creating a "one stop shop" for the small to large family farms.  And with the soon-to-be addition of our third party, on-site testing labs from Digipath Labs, local farmers can do their testing, processing and selling in the same place. Digipath Labs brings their proprietary ISO-17025:2017 accredited standard operating procedures and testing protocols, to establish, maintain, and operate each lab.

Digipath Labs will bring state-of-the-art equipment, lab expertise, proprietary operating procedures and management to Hemp, Inc.'s rapidly growing locations to ensure the highest quality of goods before entering the marketplace. They will provide all necessary laboratory-expertise and related management services to develop and operate each Lab, including purchasing and maintenance of the laboratory instrumentation, as well as hiring and comprehensive training of lab personnel. 

Without an in-house, third-party testing laboratory, products in need of testing would need to be transported off site, which could mean waiting days or even weeks for results. The addition of Digipath Labs at Hemp, Inc.'s production centers will expedite testing processes and further support new business developments. (For more information on Digipath Labs, visit www.digipathlabs.com.)

Division Three – The Hemp Extraction Infrastructure

The Hemp CBD Oil Extraction Infrastructure (Division Three) originally consisted of a Supercritical C02 Extractor. After operating for over a year it has been determined that Hemp, Inc. will be upgrading to a much larger and advanced alcohol extraction process.  These large-scale extractors are expected to be placed in all additional hemp processing arenas, thus completing this part of building the industrial hemp infrastructure. The CBD oil that we extracted from our 2018 hemp grows in North Carolina has been made into pure crystalline CBD isolate which we will add to our "King of HempTM" branded line of pre-rolls to bring to the marketplace and a pre-roll fortified with pure crystalline CBD isolate. 

Prior to 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, CBN, and other products in our future cannabinoid line. With 113 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 Infrastructure

The 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 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.)

The Hemp University is expected to hold its next "Post-Harvest Symposium" and the first ever Golden Grow Awards Gala, in Oregon, in collaboration with the Southern Oregon Hemp Co-op and GreenLeaf Lab during the first quarter of 2020 (tentatively, January 26, 2020).  The Golden Grow Awards Gala is a joint effort to recognize, evaluate and honor excellence in the industrial hemp field.

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 no

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