SPRING HOPE, NC, Dec. 21, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – It’s official. After years of prohibition, industrial hemp is now federally legal in America. President Trump signed off on the 2018 Farm Bill yesterday afternoon which redefines hemp as an agricultural commodity, and more importantly, removes it from the Controlled Substances Act. That means hemp is no longer considered a Schedule 1 substance and the Drug Enforcement Administration (DEA) will no longer be able to interfere with the interstate commerce of hemp products. With its ever expanding footprint across the nation, this is a huge win for Hemp, Inc. (OTC: HEMP). A global leader in the industrial hemp industry, Hemp, Inc. has industrial hemp processing centers in multi states which includes the largest one (85,000 square feet) in the western hemisphere (in Spring Hope, North Carolina).
This Farm Bill, which goes into effect on January 1, 2019, is a monumental step for the industrial hemp industry and it will finally allow the U.S. to be competitive in the global market. More than 25,000 products can be produced with hemp, ranging from construction materials to cannabidiol (CBD) products used to treat various ailments and improve wellbeing. For Hemp, Inc. (OTC: HEMP), federal legalization of industrial hemp will afford it incredible market opportunities for its rapidly growing hemp cultivation and manufacturing operations across the country. “This historic event in our nation’s industry creates a tremendous amount of opportunities for the small family farm, local communities, the U.S. economy, and a myriad of industries,” said Hemp, Inc. CEO Bruce Perlowin.
According to Perlowin, Hemp, Inc. has spent $25 million on building its industrial hemp infrastructure ($3 million over the course of 5 years building out the infrastructure in Arizona, $20 million building out the infrastructure in North Carolina, and $2 million in Oregon building out its infrastructure which only took 90 days). The company is currently looking for joint venture partners to provide its expertise. These partnerships are designed for those who are ready to make considerably large investments in an industry primed to hit or surpass $20 billion by 2022.
“While we won’t forget the small family farmer, these joint ventures are designed for the millionaires and billionaires of the industry and billion dollar hedge funds that are investing large amounts of money into the industrial hemp sector,” says Perlowin. “The small family farmers are just as important to us so we will help them grow hemp and everything that needs to be done in terms of processing so they can re-emerge back into the American landscape.”
For those interested in becoming a joint venture partner with Hemp, Inc., contact Hemp, Inc. via ir@hempinc.com.
Hemp, Inc. has opened a multi-purpose industrial hemp processing facility in Spring Hope, North Carolina (its largest); an eco-village in Golden Valley, Arizona; a local processing center in Medford, Oregon; and is continuing to scout new locations for local processing centers nationwide. The company’s local processing center in Medford, Oregon is one of the most sophisticated hemp harvesting and post processing centers in the state of Oregon and its operations in Arizona consists of a 4,500-acre hemp growing eco-village which they are actively building out the first 500 acres for hemp cultivation. Hemp, Inc. 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.
Hemp, Inc. has been at the center of news coverage regarding the 2018 Farm Bill to discuss the impact legal hemp will have on the U.S. economy and farmers nationwide. Some expect the global industrial hemp industry to hit $20-22 billion by 2022. Until recently, the U.S. has imported on average $100 million worth of hemp products each year, according to Congressional Research Service. Legalization will allow American farmers and companies to tap that market.
Perlowin added, “We have been working with farmers across the U.S. to provide the infrastructure needed to process hemp and have been providing educational services as well. I am proud that we had the foresight over four years ago to begin building the largest hemp processing center in the Western Hemisphere in Spring Hope, North Carolina. We have since then strategically entered new markets, which positions us on the forefront of this multi-billion dollar industry.”
Hemp, Inc. announced in July that it had entered into a joint venture with Dolan Station in Dolan Springs, Arizona, to sell high-end CBD and Hemp, Inc. products, including its soon to be launched “King of Hemp™” high-end CBD hemp pre-rolls and hemp buds. In September 2018, the company announced it had entered into a majority ownership agreement with JNV Farms LLC for an Oregon hemp cultivation and processing company in Medford.
Hemp, Inc. also has 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, 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.
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. (No other public company has this level of transparency than Hemp, Inc.)
Hemp, Inc. has also been helping to build the industrial hemp infrastructure that was basically non-existent in America. It has six hemp infrastructures, Divisions One through Six:
Division One – The Industrial Hemp Infrastructure
Division Two – The Hemp Extraction Infrastructure
Division Three – The Hemp Farming Infrastructure
Division Four – The Hemp Educational Infrastructure (The Hemp University)
Division Five – The Hemp Marketing Infrastructure
Division Six – Hemp Accessories, Products and Services
ABOUT LOCAL PROCESSING CENTER INC.
Hemp, Inc. entered into a majority ownership agreement with JNV Farms LLC for the hemp cultivation and processing company in Medford, Oregon. As the majority owner of the, now fully functional, hemp cultivation and processing company, Local Processing Center, Inc. (LPC), Hemp, Inc. will be able to create a pipeline of industrial hemp and hemp products in states, where legal, on the West Coast. This makes Hemp, Inc. a bi-coastal hemp processing center in America with many more Hemp Local Processing Centers planned for other areas where Hemp is being grown. Thus far, the company has created about 50 jobs in its LPC and also helps create even more jobs for the local farmer. “A to Z” services for the farmers are available - from harvesting to drying, bagging, curing, storing, nitrogen sparging, machine trimming, hand trimming, extracting and selling creating a “one stop shop” for the small to large family farm. Daily updates on LPC can be found on Bruce Perlowin’s personal Facebook page.
DAILY UPDATES ON FACEBOOK
Hemp, 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 everything 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 DOCUSERIES
Hemp, 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. The docuseries is expected to follow the film’s release. The film crew will also capture hemp developments in markets around the globe.
VETERAN VILLAGE KINS COMMUNITIES
The company’s 500-acre strategic growing partner Veteran Village Kins Community in Golden Valley, Arizona, is also 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. Hemp, Inc. executives are also continuing to scout new locations nationwide to open additional hemp processing centers in legal markets.
For a more complete description on the Veteran Village Kins Community (as mentioned above), read the following October 24, 2017 press release, “Hemp, Inc. Announces Strategic Hemp Growing Partner ‘Veteran Village Kins Community Arizona, Inc.’ Completes Final Site Plan Blueprints”, below:
Hemp, Inc. has announced that its strategic growing partner, "Veteran Village Kins Community Arizona, Inc.", 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. With the solar equipment in place, the site's solar power operation will be completed in the next days.
As soon as 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 PSTD, 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.
We will also be building 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 40x40-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 (swilliams@hempinc.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."
According to Perlowin, we hope to have 50 "master hemp growers" working on their first Veteran Village Kins Community in Arizona. To date, we have growers from Oregon, Colorado, California, Kentucky, North Carolina, Nevada and, Arizona who have expressed an interest in pursuing a joint venture with Hemp, Inc. to each grow industrial hemp on 5 of the 300 fenced acres in Arizona. Perlowin says he'll call this "The Great United American Hemp Grow-Off." Any grower having an interest in pursuing a joint venture on 5 of the 300 fenced in acres in Arizona should contact Project Manager Dwight Jory. Or, anyone interested in attending the 2-7-day hands-on hempcrete house building should contact Dwight Jory as well. (Dates to be determined.)
WHAT IS HEMP?
Hemp is a durable natural fiber that is grown as a renewable source for raw materials that can be incorporated into thousands of products. It's one of the oldest domesticated crops known to man. Hemp is used in nutritional food products such as hemp seeds, hemp hearts and hemp proteins, for humans. It is also used in building materials, paper, textiles, cordage, organic body care and other nutraceuticals, just to name a few. It has thousands of other known uses. A hemp crop requires half the water alfalfa uses and can be grown without the heavy use of pesticides. Farmers worldwide grow hemp commercially for fiber, seed, and oil for use in a variety of industrial and consumer products. The United States is the only developed nation that fails to cultivate industrial hemp as an economic crop on a large scale, according to the Congressional Resource Service. However, with rapidly changing laws and more states gravitating towards industrial hemp and passing an industrial hemp bill, that could change. Currently, the majority of hemp sold in the United States is imported from China and Canada, the world's largest exporters of the industrial hemp crop.
To see Hemp, Inc.'s video just posted entitled, "The Largest Hemp Mill in the Western Hemisphere is Now Online - It's Alive", click here. To see the Hemp, Inc. mill in operation and processing product, visit Bruce Perlowin's personal Facebook page and scroll down to August 1, 2017.
THE DIFFERENCE BETWEEN HEMP AND MARIJUANA
Hemp 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.
9 GREAT REASONS TO INCLUDE HEMP AS PART OF A HEALTHY DIET (Source)
Although hemp seeds come from the Cannabis sativa plant, they do not produce a mind-altering effect. These small, brown seeds are rich in protein, fiber, and healthful fatty acids, including omega-3s and omega-6s. They have antioxidant effects and may reduce symptoms of numerous ailments, improving the health of the heart, skin, and joints. Read all the reasons to include hemp as part of a healthy diet here.
HOW HEMP CAN CHANGE THE WORLD
Fiber – 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 amount.
(Source/Credit: A Medium Corporation)
SOCIAL NETWORKS
http://www.facebook.com/hempinc (Facebook)
https://www.facebook.com/KingOfPot (Bruce Perlowin's Facebook Page)
https://www.hempincpresents.com (Hemp, Inc.’s YouTube Channel)
SUBSCRIBE TO HEMP, INC.'S VIDEO UPDATES
"Hemp, Inc. Presents" is capturing the historic, monumental re-creation of the hemp decorticator today 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.
UPCOMING INTERNATIONAL AND DOMESTIC EVENTS
Across the globe, the hemp industry is rising to astronomical levels. In the wake of the hemp industry projected to grow 700% and hit $1.8 billion by 2020, there has been more education and networking within the industry. That means more events and conferences, thus, Hemp, Inc. has started compiling an ongoing list of upcoming hemp events around the world. Check out the listing of international and domestic events here.
ABOUT 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.
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
This 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.