Hemp, Inc. Featured on Oregon NBC 5 Station Following Passage of 2018 Farm Bill

Spring Hope, NC, Jan. 03, 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 largest multipurpose industrial hemp processing facility in the western hemisphere (in Spring Hope, North Carolina), announced today that the company’s operation in Medford, Oregon, was featured on local NBC 5 station, KOBI-TV, following passage of the 2018 Farm Bill that legalized hemp.

In the segment, “Hemp: the burgeoning industry of southern Oregon,” NBC goes behind the scenes of Hemp, Inc.’s operation in Medford that provides an infrastructure to process and manufacture hemp, and discusses the company’s plans for rapid growth.

“Things have just blossomed from there with the concept of a local processing center which we opened up in about 90 days,” Bruce Perlowin, CEO of Hemp Inc., tells NBC. “Employed 205 people and it’s up and running now.”

The feature also includes commentary from eighth generation farmer Nicolaas Vanderwey. Hemp, Inc. announced in September that the company had entered into a majority ownership agreement with JNV Farms LLC for Local Processing Center (LPC), its Oregon hemp cultivation and processing company in Medford. Vanderwey serves as the President and CEO of LPC.

“Hemp Inc. is one of the largest companies in the hemp industry,” reports NBC. “While producing a variety of products, the recent plant set up in Medford focuses on turning biomass, the ground up product of hemp, into pharmaceuticals and cosmetic products.”

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 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 allows American farmers and companies to tap into the market. 

In addition to the company’s industrial hemp processing facility in Spring Hope, North Carolina (its largest), Hemp, Inc. also has one the most sophisticated hemp local processing centers in Medford, Oregon, and a 4,500-acre hemp growing eco-village in Golden Valley, Arizona, 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 300 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. 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.)  

To view the NBC 5 news segment, click here.

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. 

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