Hemp, Inc. to Add Digipath's Hemp Potency Testing Laboratories to its 3 Main Hemp Production Sites Across America as Part of its Hemp Infrastructure Expansion Plan

GlobeNewswire - finance.yahoo.com Posted 5 years ago

Spring Hope, NC, Jan. 24, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Hemp, Inc. (OTC PINK: HEMP) executives announced today that the company has entered into an agreement with Digipath, Inc. (DIGP), a cutting edge, fully-functioning potency cannabis testing laboratory, to oversee and manage the construction and build out of a hemp potency-testing laboratory in North Carolina, Oregon, and Arizona (Hemp, Inc.’s 3 hemp growing and manufacturing sites.)  According to the agreement, Digipath Labs will be the in-house, third-party testing company for all of Hemp, Inc.’s products.

"Digipath was the logical choice to create and operate a stand-alone laboratory at each of our hemp production facilities," said Bruce Perlowin, CEO of Hemp, Inc. "Digipath is a leader in cannabis, hemp, soil, water, mold, etc. best practices and continues to provide cutting edge testing services for this industry. These new Digipath labs will not only test all of our hemp products but will also be available for all of the local hemp farmers in each area to do their own required testing."

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), a 4,500 hemp-growing and processing eco-village aggressively being built on 500 of those acres in Golden Valley, Arizona called Veteran Village Kins Community (to serve the needs of the American veterans) and one of the most sophisticated harvesting and post processing facilities in Medford, Oregon, Hemp, Inc. will now have access to Digipath’s proprietary ISO-17025:2017 accredited standard operating procedures and testing protocols, to establish, maintain, and operate each lab.  Per the agreement, once completed, the laboratories will be owned and operated by Digipath. 

Currently, Digipath, Inc. (DIGP) through it’s wholly-owned subsidiary Digipath Labs, has been testing cannabis and hemp products since 2015 in the burgeoning Nevada market and will bring state-of-the-art equipment, lab expertise, proprietary operating procedures and management to Hemp, Inc.’s rapidly growing locations. The Company will provide all necessary laboratory-expertise and related management services to develop and operate each Lab, including purchasing and maintenance of the laboratory instrumentation, as well as hiring and comprehensive training of lab personnel.

Todd Denkin, CEO of Digipath, Inc. (DIGP) said, “This opportunity to align with Hemp, Inc. allows us to expand our footprint within their sophisticated hemp business locations. We are thrilled to provide our expertise to support small family farms and be on the forefront of the hemp revolution that is sweeping America.”  

“As fast as this industry is growing, having a third-party testing laboratory on-site is what is going to keep us ahead of the curve and will position us as an active hemp business hub and a trusted company in the industry.  You have to be compliant and you have to be able to turn products around quickly in this industry.  Adding an on-site testing lab will ensure we do both,” said Perlowin.

Without an in-house, third-party testing laboratory, products in need of testing would need to be transported off site, which could mean waiting days or even weeks for results. The addition of Digipath Labs at Hemp, Inc.’s production centers will expedite testing processes and further support new business developments.  According to Perlowin, Hemp, Inc.’s initial mission was to create the industrial hemp infrastructure.  This new agreement with Digipath, Inc. helps them streamline that process as they are currently and aggressively looking for locations in Florida, Puerto Rico, West Virginia, Kentucky, Pennsylvania and New Hampshire.  The next step in this industrial hemp hub infrastructure will be continuing the Hemp University classes to educate the farmers, entrepreneurs and investors on the hemp industry and building out very large CBD extractors and laboratories at all of these locations.

At that point, with the industrial hemp infrastructure in place from seed to sale, Hemp, Inc.’s main focus will be on marketing a huge array of their own products, white-labeling for other companies and joint ventures with local farmers, entrepreneurs and investors in order to continue expanding its footprint around America and around the world. While many people see companies in this multi-billion dollar industry as a “flash in the pan” or a “get rich quick scheme”, Hemp, Inc.’s strategy is to create a long-term, vital and necessary industrial hemp infrastructure to support the massive growth this industry is currently sustaining.

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Moreover, the addition of Digipath Labs to Hemp, Inc.’s already operational hemp production sites will create a one-stop-shop for hemp farmers who already are or are looking to partner with Hemp, Inc. to sell their hemp biomass and create products which will need testing before going to market.  Adding an in-house, third-party potency testing laboratory cuts the cost and processing time for Hemp, Inc. and the farmers the company partners with.

To learn more about Hemp, Inc., visit http://hempinc.com/. To learn more about Digipath, Inc., visit https://digipath.com/. 

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.) 

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. 

ABOUT DIGIPATH, INC. & DIGIPATH LABS, INC.
Digipath, Inc. supports the cannabis and hemp industry's best practices for reliable testing, data acquisition, cannabis education and training, and brings unbiased cannabis news coverage to the cannabis industry. Digipath Labs provides pharmaceutical-grade analysis and testing to the cannabis and hemp industry to ensure producers, consumers, and patients know exactly what is in the cannabis and hemp they ingest and to help maximize the quality of its client's products through analysis, research, development, and standardization.

HEMP, INC.’S DIVISIONS

Hemp, Inc. has been helping to build the industrial hemp infrastructure that was basically non-existent in America. There are now seven divisions:

Division One â€“ The Industrial Hemp Infrastructure

Division Two â€“ The Hemp Farming Infrastructure 

Division Three â€“ The Hemp Extraction Infrastructure

Division Four â€“ The Hemp Educational Infrastructure

Division Five â€“ The Hemp Marketing Infrastructure

Division Six - Accessories, Products and Services

Division Seven â€“ Research and Development

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 over 200 jobs in its LPC and also helped 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.) 

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