SPRING HOPE, NC, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today the company is continuing to tour states across the country to meet with potential industrial hemp growing and processing partners as Congress moves closer to hemp legalization.

Recently, the U.S. Senate decided to conference on the historic 2018 Farm Bill to work out disparities between the Senate and the House’s versions of the bill. The Senate’s version of the Farm Bill contains the Hemp Farming Act that would remove industrial hemp from the federal government’s schedule of controlled substances.

Hemp Farming Act of 2018 is sponsored by Leader Mitch McConnell and co-sponsored by a bipartisan coalition of more than two-dozen Senators, including Senate Minority Leader Chuck Schumer. McConnell, who introduced the Hemp Farming Act, put himself on the conference committee. Lawmakers are also expected to advance the measure when they meet next month to draft the final, bicameral version of the legislation, according to The Washington Post.

As previously announced, Hemp, Inc. executives are in discussions regarding an industrial hemp processing facility with farmers in Oregon, which is seeing an increase of marijuana farmers turning to hemp as the price per pound for marijuana drops and hemp’s value continues to climb. The Hemp Business Journal estimates the U.S. hemp industry will grow to a $1.9 billion-dollar market by 2022.

About $688 million worth of hemp goods are sold every year in the U.S., largely imported from other countries due to the restrictions on farming the crop domestically. Many advocates point to the plant's economic potential, but "supply chains and markets for the crop don’t readily exist in the United States yet, which could limit the amount of hemp that gets processed into products,” reports The Washington Post. Hemp, Inc. identified the need for a consistent supply chain for hemp biomass and hemp processing capabilities when it began to build its state-of-the-art hemp processing and manufacturing infrastructure in Spring Hope, North Carolina over four years ago. Hemp, Inc.’s 85,000 square foot multi-purpose industrial hemp processing facility, on 59 acres, has been operational since August 2017. Now, the company is expanding its footprint to create a supply chain that penetrates multiple markets throughout the U.S.

“By meeting with farmers across the country we are positioning the company to capture the legalized hemp market nationwide once hemp is federally legalized. We are committed to expanding our growing and processing capabilities by identifying strategic partners who align with our company’s mission and vision,” said Hemp, Inc. CEO, Bruce Perlowin.  “We pride ourselves on having had the vision years ago to create an infrastructure that supports the American farmer who wants to cultivate industrial hemp and be on the forefront of this rapidly growing industry.

Hemp, Inc. is helping to build the industrial hemp infrastructure that was basically non-existent in America. And five years later, it’s still in its infancy as the nation, gradually, embraces industrial hemp as a new emerging multi-trillion dollar industrial agricultural green revolution. Hemp, Inc.’s focus has been on building five hemp infrastructures or Divisions One through Five.

Division One – The Industrial Hemp Infrastructure

Division Two – The Hemp Extraction Infrastructure

Division Three – The Hemp Farming Infrastructure

Division Four – The Hemp Educational Infrastructure

Division Five – The Hemp Marketing Infrastructure

Hemp, Inc. also announced in May 2018 that Veteran Village Kins Community Arizona, Inc. had completed installation of a solar and wind-powered energy system for the community. Dozens of master growers from Arizona, Oregon, Colorado, California, Kentucky, North Carolina, and Nevada and various organizations have expressed an interest in pursuing a joint venture with Hemp, Inc. to each grow industrial hemp on the 300 fenced acres in Arizona as part of "The Great United American Hemp Project," where each grower will be farming five acres in a revenue sharing model with Hemp, Inc.

Perlowin and a camera crew has also been filming and interviewing hemp farmers all around America for a docuseries on the emerging billion-dollar hemp industry. “Each of the five-acre revenue share farmers will also be filmed as part of this docuseries.  We believe it’s important to capture the history of the rebirth of the industrial hemp industry in all its myriad facets from CBDs to hempcrete, fiber, farming, extraction, textiles, biodiesel, plastics and everything else that will begin to emerge as hemp is being reborn. Anyone who is a part of this history and who wants to be a part of this docuseries should email ir@hempinc.com and ask for a Letter of Interest to complete for possible inclusion in the hemp docuseries,” says Perlowin.

For a more complete description on the Veteran Village Kins Community, read the following, modified, 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 (scheduled near the end of July 2018), the world can actually see the way the Veterans Village Kins Community is designed and watch it being built. According to Perlowin, the basic framework or overall plan of the Veterans 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 Project."  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.)

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.

SOCIAL NETWORKS

http://www.twitter.com/hempinc (Twitter)

http://www.facebook.com/hempinc (Facebook)

https://www.facebook.com/KingOfPot (Bruce Perlucin’s Facebook Page)

https://www.facebook.com/TheHempUniversity/ (The Hemp University's Facebook Page)

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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.

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. 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.

Hemp, Inc.
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