Spring Hope, NC, Aug. 22, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- 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 has entered into a Letter of Intent (LOI) with a California seed company (whose name is withheld) that positions Hemp, Inc. to purchase one hundred million (100,000,000) organic, cannabidiol (CBD)-rich hemp seeds.
Per the LOI, Hemp, Inc. will purchase these seeds on a yearly basis for five consecutive years with the first right of refusal to buy 100 percent of the seeds produced above that amount. As Hemp, Inc. continues to expand its footprint across the United States (and now across the globe), the company is focused on ensuring it has enough hemp seeds to meet the marketplace demand. The Hemp Business Journal estimates the U.S. hemp industry will grow to a $1.9 billion dollar market by 2022.
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 now 59 acres, has been operational since August 2017.
Hemp, Inc. previously announced that the company’s executive team is visiting states across the country with industrial hemp cultivation programs to identify viable locations for the opening of local industrial hemp manufacturing and processing centers. Seeds provided by this California seed company are expected to be utilized by Hemp, Inc.’s strategic hemp growing partner Veteran Village Kins Community Arizona, Inc., which has a 500-acre Veteran Village Kins Community in Golden Valley, Arizona. The Veteran Village Kins Community is designed to grow hemp and produce cannabidiol (CBD) products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village, and individual veterans living in the community. Already a $100 million industry, the CBD market is expected to grow over 700% and balloon to $2.1 billion by 2020.
“We are very proud to announce that we will be purchasing hemp seeds from this particular California seed company,” said Hemp, Inc. CEO Bruce Perlowin. “This company’s commitment to expanding access to CBD aligns with Hemp, Inc.’s mission and vision as we continue to expand our footprint nationwide. As we continue to launch Veteran Village Kins Communities in new states, having a reliable source for CBD-rich hemp seeds is imperative to support the cultivation of high-quality hemp.”
The California seed company’s executive team began this company with a mission to provide organic, medical grade CBD hemp oil based upon their personal experiences with hemp CBD oil.
“Last year, American farmers had to import certified hemp seeds from Europe and Canada which pretty much ended up being a disaster with way too many problems to list in this press release. The American cannabis grower is by far the world’s leading producer of now high-CBD, low-THC hemp cultivars. While China’s over one million acres of hemp focusing on the textile industry and Canada’s over 150,000 acres of hemp focusing on hemp seeds to eat, hemp hearts and hemp oil, American farmers are focused on high-CBD, low-THC hemp. In order to get certified organically grown seeds in America that are grown by American farmers is a Godsend. Having a stable supply of high-quality seeds is the first step to creating a successful hemp farming infrastructure (Hemp, Inc.’s Division Three ),” said Perlowin.
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 our nation, gradually, embraces industrial hemp as a new emerging multi-trillion dollar industrial agricultural green revolution. Our focus has been on building five hemp infrastructures, 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
“This new agreement with the California seed company will eliminate the international seed supply problem of having a reliable source of seeds, which are desperately needed not only for the large amount of acreage Hemp, Inc. is involved in growing in America but also worldwide. We are constantly getting requests to help consult with or joint venture with large land holders all over the world. And in order to make Hemp, Inc.’s global farming infrastructure a success, a reliable source of seeds is an absolute necessity. Thus, we are thrilled to have this Letter of Intent in place and seeds growing for us for the 2019 growing season (and earlier in the case of the smaller indoor grows and greenhouse grows we are becoming involved in around the world as we build our Division Three, The Hemp Farming Infrastructure) ,” concluded 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, 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 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 Perlowin'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. 855-436-7688 ir@hempinc.com
