LOS ANGELES, CA, March 20, 2018 (GLOBE NEWSWIRE) -- HQ Global Education, Inc. (OTC:HQGE), a Delaware Corporation, announced today that it is in final negotiations to purchase a customized, state-of-the-art CBD extraction machine which will be housed in Hemp, Inc.’s 85,000 square foot facility in North Carolina.
During this first year, HQGE will be deriving its income from two main sources: Sales of high-quality customized CBD formulations and subscription-based revenues from its exclusive CBD database generated by its proprietary web crawler.
In today’s market, demand greatly exceeds the supply for high-quality clean CBD oil, and the company anticipates having more business than it can handle. Each extractor has the capacity to process up to 500 lbs. per day. On a 5-day week that equals 120,000 lbs. per year (54,431,084 Grams). By yielding around 10% and selling for about $2.50 a gram for clean oil, we believe our potential gross revenues to be significant, even considering potential downtime for maintenance, repair and changeovers
In addition, the company’s proprietary CBD database is a primary source of highly coveted up-to-date information required by CBD manufacturers, distributors and researchers in order to create the proper strains for their formulations. In its first year, HQGE expects to attract a minimum of 1,000 business-to-business subscribers @ $299/month. These numbers are tentative and subject to changes, depending on how quickly the company adds new extractors and subscribers.
HQGE also announced that the company has agreements in place to work directly with Hemp, Inc. to grow its own hemp beginning in the 2018 growing season, thereby providing the company with its own product to process in addition to what it sources from other farmers across the country.
Luis Proetta, CEO of HQGE commented, "The opportunity between our company and Hemp, Inc. could not have come at a better time with more states adopting every year. We are beyond excited for the future of this business and we look forward to a prosperous road ahead for every stakeholder involved.”
ABOUT HQGE
HQGE is a Delaware corporation dedicated to being the leader in data gathering, intelligence and education for the industrial CBD industry in America, and to becoming a major processor and distributor of the highest grade CBD oils available. For additional information visit http://hqgeinc.com
HQGE’s exclusive educational database is one of the largest and most valuable resources in the industry, reporting on thousands of hours of research that have been accumulated, tested and verified by professionals in the field. This database is constantly being updated and expanded with HQGE’s proprietary web-based search engine “crawler” that roots out scientific studies and data not readily found by other search methods. HQGE’s products and services can be utilized by any company or research institute in the CBD industry interested in knowing the many strains which make up this industry and the unique benefits of each.
HQGE also plans to play a major role in filling the enormous global demand for CBD oil itself, the market for which is exploding since it has been proven to provide enormous health and medical benefits for a wide range of ailments and illnesses. In cooperation with HEMP, Inc., which owns and operates the largest industrial hemp processing facility in the Western Hemisphere, HQGE intends to become a leading provider of highest-quality customizable extractions of CBD oil to this rapidly-growing industry.
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