Hemp, Inc. Applauds USDA’s New Insurance Option For Hemp – GlobeNewswire

Posted: December 31, 2019 at 10:47 am


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December 30, 2019 08:00 ET | Source: Hemp, Inc.

Las Vegas, NV, Dec. 30, 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, announced today its support for the U.S. Department of Agricultures new crop insurance option for hemp growers in select counties of 21 states in 2020.

The insurance program will provide Actual Production History (APH) coverage under 508(h) Multi-Peril Crop Insurance (MPCI). The MPCI coverage is for hemp grown for grain, fiber, and CBD oil for the 2020 crop year. This offering comes in addition to the Whole-Farm Revenue Protection coverage program available to hemp growers that was announced earlier this year.

This new pilot insurance program is open to eligible producers in certain counties in Alabama, California, Colorado, Illinois, Indiana, Kansas, Kentucky, Maine, Michigan, Minnesota, Montana, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Tennessee, Virginia, and Wisconsin.

The U.S. Department of Agriculture gave hemp farmers a huge Christmas gift this holiday season by creating a new kind of crop insurance for hemp producers in 21 states, just in time for the coming crop year, said Bruce Perlowin, CEO of Hemp, Inc. The new crop insurance option for hemp growers is a groundbreaking program because it brings hemp closer to other commodity crops and reduces risks for producers.

According to a June 2019 market research report published by MarketsandMarkets, the industrial hemp market is projected to grow from $4.6 billion in 2019 to $26.6 billion by 2025, recording a compound annual growth rate of 34.0% during the forecast period.

Additionally, beginning with the 2021 crop year, hemp will be insurable under the Nursery crop insurance program and the Nursery Value Select pilot crop insurance program. Hemp will be insurable if it is grown in containers and in accordance with federal regulations, any applicable state or tribal laws, and terms of the crop insurance policy.

To see one-minute videos of Hemp, Inc.s current activities, visit Bruce Perlowins personalFacebook page, where he shares daily posts of Hemp, Inc.s activities around the country.

WHAT IS HEMP, INC.?

What is 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.S PROPRIETARY HEMP FLOWER DRYING SYSTEM

Unwavering in its commitment to the industrial hemp industry,Hemp, Inc. disclosed the successful development of its innovative hemp flower drying system for smokable hemp flower. Highly efficient, this compact proprietary hemp flower drying system is fast, drying in only 3 days as opposed to the traditional 7 days while maintaining the critical terpene profile of the product. To be unveiled at its Oregon location, Hemp, Inc. executives expect this advanced hemp flower drying system to bring in excess of $10,000,000 in revenue for the company from the Oregon 2019 harvest season. The drying process lends itself to creating Hemp, Inc.s high quality range of King of Hemp pre-rolls and, of course, high CBD hemp flower. The sheer size and scope of the crop in Oregon is nothing short of amazing and is expected to be a massive game changer for Hemp, Inc.

To read the full release on Hemp, Inc.s proprietary hemp flower drying system, clickhere.

HEMP, INC.S TEN DIVISIONS

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

Division One The Industrial Hemp Infrastructure

Division Two The Hemp Farming Infrastructure

Division Three The Hemp Extraction Infrastructure

Division Four The Hemp Educational Infrastructure

Division Five The Hemp Marketing Infrastructure

Division Six Accessories, Products and Services

Division Seven Research and Development

Division Eight Industrial Hemp Investments and Joint Ventures

Division Nine Industrial Hemp Consulting

Division Ten Educational Entertainment

Division OneThe Industrial Hemp Infrastructure

The Industrial Hemp Infrastructure(Division One)currently consists of two hemp processing facilities across the country, with two more 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 inSpring Hope, North Carolina. Its the largest industrial hemp processing center in the western hemisphere and has grown to become one of the pre-eminent centers of the industrial hemp industry. The 85,000 square foot facility sits on 9-acres.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-greennatural 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 kenaf-hemp product called Spill-Be-Gone. (See http://www.ihempman.com)

In addition to the companysindustrial hemp processing facility in Spring Hope, North Carolina, Hemp, Inc. also has one of the most sophisticated local processing centers (LPC) in Medford, Oregon which focuses on hemp harvesting, drying, curing, trimming, bagging, storing, and in some cases selling high CBD hemp for local farmers and the Companys own hemp grows in that area, and post processing for the CBD industry. The Companys main focus is the King of Hemp pre-rolls and high CBD smokeable buds a new phenomenon of smoking hemp which has caught the marketplace by storm.

Hemp, Inc. also has 4,500 acres of land in Golden Valley, Arizona(90 miles from Las Vegas, 30 miles north of Kingman, AZ). Out of the 4,500 acres of land, 500 acres are designated for the Veterans Village Kins Community (VVKC) for Arizona. Hemp, Inc. is preparing 80+ acres, of the 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 employed over 200 employees during its 2018 harvest season and over 300 employees during its 2019 harvest season to further support the infrastructure necessary for local and large scale farmers operating in the industrial hemp space.

Division TwoThe 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. The progress Hemp, Inc. has made in its agricultural endeavors, over the course of three years, has been amazing.(To see Hemp, Inc.s agricultural progress from 2016 through 2019, visit Bruce Perlowins personal Facebook page atwww.facebook.com/kingofpotand scroll through posts from 2016 to the present. Visitwww.hempincpresents.comto see the videos of Hemp, Inc.s grows in multiple locations.)

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.)The model shows farmers how to grow high CBD hemp plants, operate a greenhouse and turn a barn into a cloning room to earn up to $500,000+ a year. This shows an example of how the Small Family Farm can be duplicated and 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 five presidents of the United States were all hemp farmers.

According to Perlowin, the company is preparing to grow on up to 500 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 other states. 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-sitetesting labs from Digipath Labs, local farmers can do their testing, processing and selling in the same place. Digipath Labs brings their proprietary ISO-17025:2017 accredited standard operating procedures and testing protocols, to establish, maintain, and operate each lab.

DigipathLabs will bring state-of-the-art equipment, lab expertise, proprietary operating procedures and management to Hemp, Inc.s rapidly growing locations to ensure the highest quality of goods before entering the marketplace. They 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.

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 ofDigipath Labsat Hemp, Inc.s production centers will expedite testing processes and further support new business developments.(For more information on Digipath Labs, visit http://www.digipathlabs.com.)

Division ThreeThe Hemp Extraction Infrastructure

The Hemp CBD Oil Extraction Infrastructure(Division Three)originally consisted of a Supercritical C02 Extractor. After operating for over a year it has been determined that Hemp, Inc. will be upgrading to a much larger and advanced alcohol extraction process. These large-scale extractors are expected to be placed in all additional hemp processing arenas, thus completing this part of building the industrial hemp infrastructure. The CBD oil that we extracted from our 2018 hemp grows in North Carolina has been made into pure crystalline CBD isolate which we will add to our King of Hemp branded line of pre-rolls to bring to the marketplace and a pre-roll fortified with pure crystalline CBD isolate.

Prior to building its own extraction laboratories, Hemp, Inc. plans to utilize the facilities of other labs in the industry to manufacture its own line of CBD oil products while they continue to build and expand the infrastructure for pre-rolls and high CBD smokeable buds. The Company will hire or joint venture with other, already existing, labs to manufacture CBD, CBG, CBN, and other products in our future cannabinoid line. With 113 different cannabinoids, over 300 terpenes, and more of each being discovered almost monthly, the product range and possibilities in this area are endless.

Division FourThe Hemp Educational Infrastructure

The Hemp Educational Infrastructure(Division Four)includes Hemp, Inc.'sHemp Universitywhich focuses on educating and empoweringHemp farmers and entrepreneurswith knowledge, processing, infrastructure and support. Theeducational seminars, through the Hemp University, are held periodically and teach farmers and landowners how to create a profitable income stream by maximizing the per-acre crop revenue. Through this division, Hemp, Inc. has trained well over 500 farmers in its first two years by doing a total of nine Hemp University seminars in North Carolina and Oregon, thus far, which include:

The Pre-Harvest Symposium September 8, 2019 (Oregon)

The Pre-Harvest Symposiumworkshop at Southern Oregon University was expertly designed for both farmers and entrepreneurs of all experience levels, focused on harvesting, processing and profit channels within the hemp industry.The third edition of the Southern Oregon Hemp University brought an abundance of insight into innovations within the realm of harvesting and processing to the forefront. Additionally, the symposium touched on traditional practices in agriculture.(See Bruce Perlowins personalFacebook post on 9/9/19for a short video on this symposium.)

Pre-Plant Support Workshop May 4, 2019 (Oregon)

The Pre-Plant Support Workshopwas an incredible success that filled the entire venue to capacity with attendees. In total, there were close to 200 attendees, including 20 vendors in attendance. The workshop was designed to help hemp farmers or those who are interested in the hemp industry learn the best pre-planting practices prior to the planting season.The Hemp University Pre-Planting Support Workshop was an interactive and informative workshop that covered the various details hemp farmers should know prior to planting in the 2019 season and beyond.(See Bruce Perlowins personalFacebook post on 5/9/19for a short video on this workshop.)

The Hemp University Educational Seminar- March 23, 2019 (Oregon)

This was the first Hemp University held on the West Coast. The seminar provided attendees with a full day of networking, education, and support.The seminar helped others in the area who were interested in the hemp industry learn more about the Industrial Hemp Revolution and how this movement can not only transform Southern Oregons economy, but also revive family farms and small businesses in the surrounding areas.(See Bruce Perlowins personalFacebook post on 3/28/19for a short video on this seminar.)

Growing Hemp for Profit March 10, 2018 (North Carolina)The Hemp Universitys first educationalsymposiumevent of 2018 entitledGrowing Hemp for Profittook place on Saturday, March 10, 2018. Attendees learned from the Universitys industrial hemp experts as they shared their lessons from their experiences in growing industrial hemp.Growing Hemp for Profit,which took place from 8:30am to 5 pm at the Hilton Garden Inn in Charlotte, North Carolina.(See Bruce Perlowinspersonal Facebook post on 3/17/18for a short video on this symposium.)

Hemp Money Event: Economics, Lessons & Planning for 2018 December 2, 2017 (North Carolina)

The fifth most vital and anticipated educational symposium of the year was Hemp Money Event: Economics, Lessons & Planning for 2018. This symposium was held on Saturday, December 2, 2017 from 8:30am to 5:00pm at the Shrine Club (320 Airport Rd, Rocky Mount, NC 27804). Attendees learned the economics of growing industrial hemp for fiber, seeds, and CBD; learned about other master POD growers experiences and lessons; and, learned how to prepare for the 2018 industrial hemp growing season with a well-defined blueprint for success.(See Bruce Perlowins personalFacebook post on 12/23/17for a short video on this symposium.)

The Hemp Oil Event: The Art and Science of CBD Oil September 30, 2017 (North Carolina)

The Hemp Oil Event (The Art & Science of CBD Oil) was The Hemp Universitys fourth symposium in North Carolina, held on Saturday, September 30, 2017 from 8:30am to 5:00pm at the Peachtree Hills Country Club, 3512 Peachtree Hills Road, Spring Hope, NC 27882.The symposium brought attendees up to speed on all business and scientific aspects of Industrial Hemp CBD cannabinoids by disseminating current, reliable information that continues to shape the revolutionary CBD market. Attendees also got a chance to go to Hemp, Inc.s, then, 70,000 square foot multipurpose industrial hemp decortication facility for the first live public demonstration of its Supercritical CO2 Extraction System using North Carolina-grown CBD industrial hemp. Representatives from NuAxon Bioscience were also on-site to allow those interested in purchasing their own CBD extraction system.(See Bruce Perlowins personalFacebook post on 9/30/17for a short video on this symposium.)

The Art and Science of CBD Greenhouse Growing June 24, 2017 (North Carolina)

The3rd Hemp Universityeducational symposium held on June 24, 2017 focused on The Art and Science of CBD Greenhouse Growing.The educational symposium was held at Louisburg College in Louisburg, North Carolina.A team of experts engaged attendees through the greenhouse and indoor growing process from cultivation to harvest and from processing to distribution. Dr. Robert Bruck, Dean of Science, Technology, Engineering and Mathematics and Distinguished Professor of Environmental Science at Louisburg College, was The Hemp Universitys special guest who lectured on soil microbiology during the symposium.Attendees were able to spend half of the course at Hemp, Inc.s, then, 70,000 square-foot Industrial Hemp Hub, in a 3,000 square-foot cloning room.There, attendees had the opportunity to experience a more hands-on learning approach.(See Bruce Perlowins personalFacebook post on 6/30/17for a short video on this symposium.)

Farming Hemp for Profit April 29, 2017(North Carolina)

Hemp, Inc.s second, sold out, educationalsymposium(Farming HEMP for Profit), through its Hemp University, was a phenomenal success. Thesymposiumtook place on Saturday, April 29, 2017, from 8:30am 5:00pm, at the Hampton Inn & Suites located at 3920 Arrow Drive, Raleigh, NC27612 and drew over 100 attendees. The one-day educational symposium and tour of Hemp, Inc.s, then, 70,000 square-foot multipurpose industrial hemp facility was an opportunity for landowners and farmers to learn how to apply real business building tactics with a specific step-by-step blueprint on how to grow, sell and profit from farming industrial hemp.This event accomplished its mission to help landowners and farmers add a new viable and profitable income stream by maximizing the per-acre crop revenue.(See Bruce Perlowins personalFacebook post on 4/30/17for a short video on this symposium.)

Farming Hemp for Profit March 18, 2017 (North Carolina)

This was Hemp, Inc.s firstHemp University symposium. The symposium was a sold out event and was a huge success with 100 attendees who rated the quality of information presented as excellent.The symposium took place on Saturday, March 18, 2017, from 8:00am 5:00pm, at Hemp, Inc.s wholly owned subsidiary,Industrial Hemp Manufacturing, LLC, located at 1436 Highway 581 North, Spring Hope, North Carolina, 27882.The one-day educational symposium was an opportunity for landowners and farmers to receive a specific step-by-step blueprint on how to grow, sell and profit from farming industrial hemp by using real business tactics and principles, presented by industry experts.(See Bruce Perlowins personalFacebook posts on 3/18-19 and 3/21-26, 2019 for a short videos on this symposium.)

The Hemp University is expected to hold its next Post-Harvest Symposium and the first ever Golden Grow Awards Gala, in Oregon, in collaboration with the Southern Oregon Hemp Co-op and GreenLeaf Lab during the first quarter of 2020(tentatively, January 26, 2020). The Golden Grow Awards Gala is a joint effort to recognize, evaluate and honor excellence in the industrial hemp field.

To listen to past Hemp University workshops, please visithemp-university.teachable.com. Also visithttps://www.hempincpresents.comto see highlights from Hemp, Inc.s inaugural Hemp University held in North Carolina, which sold out in two weeks.

The Hemp Universitys twelveonline educational masterclassesare $10 each and each masterclass is under an hour in length. The online courses include lectures from industry leaders who have educated attendees at the Hemp University workshops in Oregon. These online masterclasses provide farmers who were either not able to attend the first Hemp University or who would like to revisit certain topics presented by the event speakers.

Those interested in attending, presenting or showcasing at Hemp, Inc.sHemp University, for Oregon, may contact Sophia Blanton via email (hempu@hempinc.com). For other states and to be part of our online courses, all experts in any aspect of the industrial hemp industry, contact Chris Tinney on (855) 554-6834 or via email at (ctinney@hempinc.com).

According to executives, there are also plans in the near future to expand The Hemp University to other states, including Arizona, through a variety of different formats. The eco-village in Arizona will serve as the venue for interactive and hands-on camping events which will focus on building with hemp-crete and other hemp construction materials, as well as growing hemp and the various aspects of organic gardening/farming, natural bee-keeping and other back-to-the-land and small family farm educational courses.

Since The Hemp Universitys initial launch with the educational symposium, the number of attendees has grown tremendously and it has been an overwhelming success, each time.The interactive, hands-on learning approach is invaluable. By learning inan interactive cohort format, students gain the necessary skills they need to immediately implement them on their farm or in their organization. Its the perfect mix of quality instruction, relevant educational content and a high level of commitment, to ensure the educational success of each attendee, said Perlowin.

Thus far, The Hemp University has helped transformthe livelihoods of North Carolina and Oregon farmers transitioning from tobacco and other crops to industrial hemp by providing them with the tools and support needed to gain a foothold in this burgeoning industry.

Division FiveThe Hemp Marketing Infrastructure

While marketing is a critical facet of any business operation for increasing revenues, Hemp, Inc. believes there must be a keen focus on the infrastructure first. The demand for CBD and hemp products is massive, some even say the demand is insatiable. In order to supply that type of volume/demand, there has to be a strong foundation or infrastructure in place. While Hemp, Inc. is poised to grow a rock solid Hemp Marketing Infrastructure, CEO Perlowin reminds us that this infrastructure has to be able to support a meteoric industry growth.The cannabidiol (CBD) market is on track to grow to $23.7 billion through 2023, according to theBrightfield Group. The firm also estimated the smokeable hemp market to be valued at $11.5 million in 2018, a growth of 250% from 2017. This is why we focus on infrastructure, at the moment, more so than specific marketing activities, says Perlowin. Specific marketing activities isnt the issue. The ability to grow, process and produce what the marketplace is demanding is the issue and hence the reason we focused on creating the infrastructure first.

The company has also recently joint-ventured with the retail store Hemp Healthcare, in Dolan Springs, Arizona, to sell high-end cannabidiol (CBD) and hemp-based products. Hemp Healthcare is home to an array of renowned CBD and hemp products, including Hemp, Inc.s cosmetic and wellness line that includes shampoos, lotions, candles and more. The retail storefront is conveniently located off Highway 93 in Arizona, in a highly trafficked tourist area. Specifically located on Pierce Ferry Road, Hemp Healthcare is next to Dolan Station a location that welcomes numerous tour buses daily with visitors from around the world that stop there on trips to the Grand Canyon. On some days, up to 40 tour buses stop at this location, filled to the brim with tourists on their way to the Sky Walk at the Grand Canyon.

Division SixAccessories, Products and Services

Division Six focuses on the sale of hemp industry accessories such as the sale of extractors,harvesters, storage bags, containers,fertilizer, soil amendments, humidifiers, dehumidifiers, balers, greenhouses, and greenhouse equipment; the drying, trimming, curing, storing and brokering for other farmers harvesting hemp; and ultimately anything else a hemp farmer may need to be successful.

What we found is that people are always looking for hundreds of items. New harvesting equipment, irrigation equipment of all kinds, soil amendments, organic soil fertilizers, organic pest control products, new extraction technologies and more, said Perlowin.

Division SevenResearch and Development

While Research and Development has been an integral part of Hemp, Inc. since day one, a more formal research and development project is planned after significant revenues are created. This division will then start and expand rapidly. The Company originally planned for Puerto Rico, but found the barrier to entrance was much too great and has therefore changed its position to focus its research and development division on states where hemp is already legal. Hemp, Inc. is proud to have been a pioneer and leader in the early stages of the hemp industry in America with our strategy to build infrastructure even before legalization occurred in a state such as what was done in North Carolina and Arizona.

According to Hemp, Inc.s CEO, Bruce Perlowin, Currently, it is now economically more advantageous to operate in a state that already has several years of legalization behind it and thus, further down the road, making it easier for hemp companies to thrive as we have done in North Carolina, Arizona, Nevada and especially Oregon. Weve hit a grand slam in Oregon, so to speak, in our growing operations for 2 consecutive years. We may revisit Puerto Rico once they have straightened out their legal red tape, and their rules and regulations.

Division EightIndustrial Hemp Investments and Joint Ventures

Hemp, Inc. recently established the eighth division(Industrial Hemp Investments and Joint Ventures). Since the passing of the 2018 hemp bill, Hemp, Inc. has been flooded with inquiries of people who want to invest in the hemp industry but dont know where to start. As the Avant-guard of the industrial hemp industry, Hemp, Inc. has put together numerous joint venture investment opportunities for the medium to large-scale investor. Those who are interested should emailir@hempinc.com. Multi-million dollar investors, and in some cases billionaires and billion dollar hedge funds, are aggressively trying to get into the hemp industry since the passing of the 2018 Farm Bill. Our joint venture agreements are that they put up the money and we put up the expertise in a 50/50 revenue share(after all the initial investment money is paid back first). This will save the large-scale hemp investor often two years and dozens of multi-million dollar mistakes that they WILL often make without an expert in the hemp industry. This is where Hemp, Inc.s vast network of experts and resources in the industrial hemp industry come into play because this is something that can easily be provided to those interested in entering this industry.

Division NineIndustrial Hemp Consulting

Hemp, Inc.s Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) was recently restructured as its ninth division and is now Division Nine - Industrial Hemp Consulting. With an influx of public companies wanting to expand into the industrial hemp industry, Hemp, Inc. has been inundated with potential consulting agreements.To keep up, Hemp, Inc. revamped its consulting division to work hands-on with each company to provide its years of expertise.According to Perlowin, there is definitely a sense of Community of Companies whereby a lot of companies are working together to pool their resources, marketing connections and strategies in order to grow simultaneously.

Typically, companies seeking in depth consulting services from Hemp, Inc. pay mostly in stock since cash flow is oftentimes tight during the developmental stage of start-up companies in this industry. Through Hemp, Inc.s Division Nine Industrial Hemp Consulting, a wide range of services are forged from the experiences of creating the first publicly trading company in the cannabis sector (Medical Marijuana, Inc.) and having well over a decade of experience in the cannabis industrys public sector. Perlowin, Hemp, Inc.s chief executive officer also has over five decades in the industry itself.

Division TenEducational Entertainment

Hemp, Inc.s newest division, Entertainment, will cover everything from investing in the movieThe Adventures of the King of Pot(http://www.kingofpotthemovie.com/)and other historical movies, books and documentaries representing our industry up to the current docuseries being made onThe Modern Day History of Hemp. Those interested in investing in any one of these ventures should contact the divisions Project Manager, Chris Tinney, at 855-554-6834 or via email,ctinney@hempinc.com.

VETERAN VILLAGE KINS COMMUNITIES

To see the livestream feed for the Veterans Village Kins Community Arizona, visitwww.hempinc.com/arizonaand click on View Live Feed.

The companys 500-acre strategic growing partner Veteran Village Kins Community in Golden Valley, Arizona, is designed to grow hemp and produce CBD products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village and individual veterans living in the community.

TheVeteran Village Kins Community in Arizona 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.

As soon as all 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 PTSD, 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. To see the first live streaming video, clickhere.

The Company will also build 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 4040-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 Americas 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. Its 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.

Hemp, Inc. executives are also continuing to scout new locations nationwide to open additional hemp processing centers in legal markets.

PRESS COVERAGE

Between the Hemp University, the hemp processing center and Bruce Perlowin himself, the Company has created an enormous amount of media coverage. See below for the list of press hits the Company has received up to the end of this quarter:

Hit:Hemp: the burgeoning industry of southern Oregon - (NBC) KOBI-5, December 22, 2018

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

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

Hit:Carolinas next cash crop?: Farm bill will add hemp into more growers rotation - The Wilson Times, December 26, 2018

Excerpt from:
Hemp, Inc. Applauds USDA's New Insurance Option For Hemp - GlobeNewswire

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December 31st, 2019 at 10:47 am

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