SPRING HOPE, NC, Feb. 25, 2019 (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 in Spring Hope, North Carolina, a state of the art processing center in Medford, Oregon, and a 500-acre hemp growing Eco-Village in Golden Valley, Arizona, announced today that the current legislative session, SB 1003, would make industrial hemp regulation effective on June 1, 2019, instead of August 2019, if signed by the Governor. This historic update arrives as Hemp, Inc. ramps up operations with its strategic growing partner Veteran Village Kins Community, in Golden Valley, Arizona.
Lawmakers saw the potential of hemp as the next ‘cash crop’ and it has motivated them to push legislation allowing farmers to begin planting further up in the year. According to the Arizona Farm Bureau, the bill is moving along with little opposition. It also stated that it could potentially be on the Governor’s desk by the end of this month.
As 25 other states are already growing, officials saw the importance of pushing the bill through. Hemp, Inc. is ready to contribute to this ‘cash crop’ boom with partner Veteran Village Kins Community- a solar and wind-powered facility on 500 acres and is designed to grow hemp and produce cannabidiol (CBD) products. The products benefit veterans, as well as generate revenue for Hemp, Inc. The company announced in July 2018 that the community was expanding its footprint.
“We are thrilled that the majority of Arizona state legislature is in support for fast-tracking the hemp program. When a farmer can make $100,000 an acre growing CBD-rich hemp, it improves the economy of the entire state,†said Hemp, Inc. CEO Bruce Perlowin. “Our 500 acre operation not only gives incredible opportunity to the veterans who we partner with, it is also committed to preserving the environment by using wind and solar energy to process the hemp. We are currently completing two of the six geodesic domes on the property and are putting the finishing touches on security. As demand for CBD products continues to rise, we look forward to expanding our offering and partnering with more stores throughout the state.â€
Hemp, Inc. will partner with Digipath, Inc. (DIGP) for on-site third-party testing facilities at all three of its processing centers, including the location in Arizona. The addition of the testing facilities will help Hemp, Inc. get the product to market quickly and keep costs down. Hemp, Inc. also announced the grand opening of a joint venture with a nearby retail store, Hemp Healthcare, in Dolan Springs, Arizona, to sell high-end cannabidiol (CBD) and hemp-based products. Hemp Healthcare is located off Highway 93 in Arizona, in a highly trafficked tourist area that welcomes numerous tour buses daily with visitors from around the world that stop there on trips to the Grand Canyon.
Hemp, Inc. plans to employ numerous "master hemp growers" working on their Veteran Village Kins Community in Arizona. To date, the company has 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 five of the 300 fenced acres in Arizona, a project that Perlowin calls, "The Great United American Hemp Project."
Hemp, Inc. CEO, Bruce Perlowin, was recently featured by ABC discussing Hemp, Inc.’s vital role in Arizona’s resurging hemp industry. To view the ABC coverage, “Arizona's next cash crop? Lawmaker pushes for rush on hemp bill,†click here.
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.
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.
HEMP, INC. UPDATES SHAREHOLDERS ON ITS STRATEGIC PLAN AND CURRENT FOCUS TO HELP BUILD THE INFRASTRUCTURE FOR THE INDUSTRIAL HEMP INDUSTRY
For the past few years, Hemp, Inc. has grown and evolved with the industrial hemp industry, giving it unique insight into the pain points faced by small family farms and other companies in the industry. "We know how vital it is to take the time to build the infrastructure to support such a high demand and we've invested heavily in the expertise and experience to make this happen. This is just the start," said Perlowin.
So far, there are seven divisions:
Division One – The Industrial Hemp Infrastructure
The Industrial Hemp Infrastructure (Division One) currently consists of two hemp processing facilities across the country, with a third 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 the pre-eminent center of the industrial hemp industry. The 85,000 square foot facility sits on a 9-acre campus. 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 hemp/kenaf product called Spill-Be-Gone.
To see a one-minute video of the millions of pounds of kenaf, go to Bruce Perlowin's personal Facebook page, September 7th, 11th, 13th, 20th and 22nd, 2018.
In addition to the company’s industrial hemp processing facility in Spring Hope, North Carolina, Hemp, Inc. also has one the most sophisticated local processing centers (LPC) in Medford, Oregon which focuses on hemp flower drying, curing, and post processing for the CBD industry.
Hemp, Inc. also has 4,500 acres of land in Golden Valley, Arizona. Out of the 4,500 acres of land, 500 acres have currently been designated for the Veteran Village Kins Community (VVKC). Hemp, Inc. is actively building out 300 of those 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 created over 200 seasonal jobs as well as many year-round jobs.
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. (Some of this farming infrastructure can be seen on Bruce Perlowin's personal Facebook page in some of his older posts from Sept. 8th, Aug. 30th, 19th, 15th - 11th, 9th and 4th, July 31st, 29th, 21st - 16th, 2018.)
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.) By showing farmers how to grow high CBD hemp plants, operate a greenhouse and turn a barn into a cloning room to earn $500,000 a year, the “Small Family Farm†can 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 5 presidents of the United States were all hemp farmers.
According to Perlowin, the company is preparing to grow on 500 plus 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 Puerto Rico. 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 brings their proprietary ISO-17025:2017 accredited standard operating procedures and testing protocols, to establish, maintain, and operate each lab.