{"id":393336,"date":"2020-12-04T00:33:10","date_gmt":"2020-12-04T05:33:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=393336"},"modified":"2020-12-04T00:33:10","modified_gmt":"2020-12-04T05:33:10","slug":"hemp-inc-settles-longstanding-lawsuit-with-securities-and-exchange-commission-sec","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hemp-inc-settles-longstanding-lawsuit-with-securities-and-exchange-commission-sec\/","title":{"rendered":"Hemp, Inc. Settles Longstanding Lawsuit with Securities and Exchange Commission (SEC)"},"content":{"rendered":"
\n

Las Vegas, NV, Dec. 04, 2020 (GLOBE NEWSWIRE) — via NewMediaWire<\/u><\/a> — Hemp, Inc.<\/u><\/strong><\/a>\u00a0(OTC PINK: HEMP) announced that it has settled the longstanding 5-year old SEC civil case. Hemp, Inc. and Bruce Perlowin have agreed to settle the civil suit against them without admitting or denying the SEC\u2019s allegations.\u00a0 Perlowin is transitioning from CEO to Chief Visionary Consultant (CVC) and will not be managing the day-to-day tasks of the company. He will, however, remain as the true visionary Hemp, Inc. shareholders have come to admire and respect.<\/p>\n

The Company remains committed to its longstanding goals and will be aggressively moving forward to add new blood and new ideas to the management of the company. In the first quarter 2021, Hemp, Inc. will expand its knowledge base by bringing in a new CEO and new members of its Board of Directors.<\/p>\n

\n WHAT IS HEMP, INC.?<\/strong>\n <\/p>\n

What is Hemp, Inc.?\u00a0With a deep-rooted social and environmental mission at its core,\u00a0Hemp, Inc.<\/u><\/a>\u00a0seeks to build a business constituency for the American small\u00a0hemp farmer<\/u><\/a>, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. The Company is on a mission to be a powerful engine for social change and economic revival, worldwide, by providing hemp products that are eco-friendly, sustainable and healthy. Hemp, Inc. executives believe there can be tangible benefits reaped from adhering to a corporate social responsibility plan.<\/p>\n

\n HEMP, INC.\u2019S ELEVEN DIVISIONS<\/strong>\n <\/p>\n

It has been Hemp, Inc.\u2019s intent to continually invest in building its hemp infrastructure, especially since none existed previously. In fact, the Company has instinctively been following the same path as Amazon\u2026 reinvesting profits and operating capital back into building the infrastructure. This is a business strategy that has been proven and works well.<\/p>\n

All the years leading up to this point were building and finishing the largest hemp infrastructure in America and now the Company is focusing 90% of its efforts on marketing and generating revenues. The result, so far, has been almost crossing the million dollar mark in revenue in just 10 weeks.<\/p>\n

Hemp, Inc.\u2019s eleven divisions are as follows:<\/p>\n

\n Division One<\/em>\u00a0\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Industrial Hemp Infrastructure<\/p>\n

\n Division Two<\/em>\u00a0\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Hemp Farming Infrastructure<\/p>\n

\n Division Three<\/em>\u00a0\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Hemp Extraction & Pre-Roll Blending Infrastructure<\/p>\n

\n Division Four<\/em>\u00a0\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Hemp Educational Infrastructure<\/p>\n

\n Division Five<\/em>\u00a0\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Hemp Marketing Infrastructure<\/p>\n

\n Division Six<\/em>\u00a0\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Accessories, Products and Services<\/p>\n

\n Division Seven<\/em>\u00a0\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Research and Development<\/p>\n

\n Division Eight<\/em>\u00a0\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Industrial Hemp Investments and Joint Ventures<\/p>\n

\n Division Nine\u00a0<\/em>\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Industrial Hemp Consulting<\/p>\n

\n Division Ten\u00a0<\/em>\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Educational Entertainment<\/p>\n

\n Division Eleven\u00a0<\/em>\u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Medical and Recreational Marijuana<\/p>\n

\n Division One\u00a0\u2013\u00a0The Industrial Hemp Infrastructure<\/u><\/strong>\n <\/p>\n

The Industrial Hemp Infrastructure\u00a0(Division One)<\/em>\u00a0currently consists of two hemp processing facilities across the country, with two more under development, which will include an in-house third party testing laboratory.\u00a0 The largest of the two is its multi-purpose\u00a0industrial hemp<\/u><\/a>\u00a0processing facility and milling operation in\u00a0Spring Hope, North Carolina. It\u2019s the largest \u201cindustrial hemp processing center\u201d 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.\u00a0It is environmentally sustainable and was built from the ground up in hopes of \u201cMaking America Hemp Again.”\u00a0 With a patent pending manufacturing process, the North Carolina facility is operating full time to process millions of pounds of the Company\u2019s unique kenaf-hemp blend, to manufacture all-green\u00a0natural loss circulation material (LCMs), called DrillWall<\/u><\/a>TM<\/sup>. The DrillWallTM<\/sup> is 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\u00a0Spill-Be-Gone<\/u><\/a>TM<\/sup>.<\/p>\n

“We currently have 769,794 pounds of raw kenaf bales, 363,225 pounds of DrillWallTM<\/sup>; and, 453,000 pounds of Spill-B-GoneTM<\/sup>.\u00a0 That\u2019s a total of 1,586,019 pounds of product which translates into finished product that will be sold for $1 – $4 per pound,” said Perlowin.<\/p>\n

In addition to the company\u2019s\u00a0industrial hemp processing facility in Spring Hope, North Carolina, Hemp, Inc. also rents one of the most sophisticated local processing centers (LPC) in White City, Oregon which focuses on hemp harvesting, drying, curing, trimming, bagging, storing, and in some cases selling high CBD hemp for local farmers and the Company\u2019s own hemp grows in that area, and post processing for the CBD industry.\u00a0 The Company\u2019s main focus is the \u201cKing of Hemp\u00ae<\/strong>\u201d\u00a0pre-rolls and high CBD smokable buds\u2026 a new phenomenon of smoking hemp which has caught the marketplace by storm.<\/p>\n

Hemp, Inc. and their associates also have 4,500 acres of land in Golden Valley, Arizona\u00a0\u00a0(100 miles from Las Vegas, 20 miles north of Kingman, AZ)<\/em>.\u00a0 Out of the 4,500 acres of land, 500 acres are designated for the Veteran\u2019s Village Kins Community (VVKC) for Arizona.\u00a0 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, Kentucky, West Virginia, Puerto Rico, North Carolina and several other states.<\/p>\n

Thus far, Hemp, Inc.\u2019s 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.\u00a0 As of first quarter 2020, the Company has employed close to 50 employees who are bucking, trimming, sorting, bagging and shipping the Company\u2019s high quality premium Pre-98 OG Bubba Kush hemp.\u00a0<\/p>\n

Division One Products:<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0DrillWall<\/u><\/a>TM<\/sup> (a loss circulation material)<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Spill-Be-Gone<\/u><\/a>TM<\/sup> (an oil spill cleanup product)<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Hemp bioplastics<\/u><\/a><\/p>\n

As of first quarter 2020, Hemp, Inc. is fulfilling a $1 million dollar sales agreement, through its subsidiary, Industrial Hemp Manufacturing (IHM), for its\u00a0DrillWall<\/u><\/strong><\/a>\u2122. According to CEO,\u00a0Bruce Perlowin<\/u><\/a>, the Company has executed a sales agreement to sell $1 million worth of DrillWall\u2122 over the course of one year.\u00a0 IHM received its first $30,000 payment and shipped the first batch of DrillWallTM<\/sup> out in December, 2019 and another $60,000 payment was received for the second batch of DrillWallTM<\/sup> in February, 2020 and a $30,000 payment in March, 2020. \u201cWe expect the remaining balance from the $1,000,000 over the next few months,\u201d said Perlowin. IHM is based in Spring Hope, North Carolina, and is the production facility for\u00a0DrillWall<\/u><\/strong><\/a>\u2122, along with other industrial\u00a0hemp products<\/u><\/a>.<\/p>\n

\n Division Two\u00a0\u2013\u00a0The Hemp Farming Infrastructure<\/u><\/strong>\n <\/p>\n

The Hemp Farming Infrastructure\u00a0(Division Two)<\/em>\u00a0consists 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 four years, has been amazing. This year marks the fifth year that Hemp, Inc. has been growing hemp.\u00a0(To see Hemp, Inc.\u2019s agricultural progress from\u00a02016<\/u><\/a>\u00a0through May, 2020, visit Bruce Perlowin\u2019s personal Facebook page at\u00a0https:\/\/www.facebook.com\/kingofpot<\/u><\/a>\u00a0and scroll through posts from\u00a02016<\/u><\/a>\u00a0to the present. Visit\u00a0https:\/\/www.hempincpresents.com\/<\/u><\/a>\u00a0to see the videos of Hemp, Inc.\u2019s grows in multiple locations.)<\/p>\n

Hemp, Inc. also has two \u201cSmall Family Hemp Farm\u201d models.\u00a0 The \u201cSmall Family Hemp Farm\u201d in North Carolina is situated on 12 acres and consists of a cloning room, a greenhouse, and enough land to grow 2,000-3,000 high CBD or CBG hemp plants.\u00a0(This model farm can be seen on\u00a0<\/em>Bruce Perlowin<\/u><\/em><\/a>‘s Facebook page, in the Aug. 22nd – 26th, 2018 posts.)<\/em>\u00a0The model shows farmers how to grow high CBD and CBG hemp plants, operate a greenhouse and turn a barn into a cloning room to earn up to $100,000+ a year.\u00a0 This shows an example of how the \u201cSmall Family Hemp Farm\u201d 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\u00a0hemp farmers<\/u><\/a>.<\/p>\n

A model \u201cSmall Family Hemp Farm\u201d is located in Dolan Springs, Arizona.\u00a0 This \u201cSmall Family Hemp Farm\u201d is referred to as \u201cThe Orchard\u201d since it has a sizable organic orchard.\u00a0 There are 2 acres on which hemp will be grown; a cloning room; cold storage; and a greenhouse that is planned to be installed. This year mostly CBG hemp will be grown.<\/p>\n

This year, according to Perlowin, the company is consulting on a 55-acre grow in Oregon, partnering with \u201cTractor Richard\u201d for 40 acres of CBG hemp and 100 acres of kenaf in Mohave Valley, Arizona.\u00a0(See Bruce Perlowin\u2019s\u00a0<\/em>Facebook<\/u><\/em><\/a>\u00a0page post for May 19, 2020.)<\/em>\u00a0The 10 \u2013 40 acres in Golden Valley, Arizona for the Veteran Village Kins Community is based on how many people will sign up for the Hempathon\u00a0(1 acre joint venture grows with Hemp, Inc.)<\/em>, hundreds of acres in North Carolina\u00a0(a combination of hemp and kenaf)<\/em>, and an undetermined amount in other states.<\/p>\n

It should be noted that the number of acreage and the amount to be grown has fluctuated due to the COVID-19 pandemic. However, Perlowin says collective sales from all of these grows will be extremely significant in terms of pre-rolls, high CBD and CBG buds, distillate, isolate, biomass and many other products. \u201cThis year is about sales and marketing for us.\u00a0 Right now, I believe we have the largest footprint of bio-diverse hemp products 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,\u201d commented Perlowin.<\/p>\n

Moreover, \u201cA to Z\u201d services for the farmers are available – from harvesting to drying, curing, bucking, machine trimming, hand trimming, bagging, storing, nitrogen sparging, and selling\u2026 creating a \u201cone stop shop\u201d for the small to large family farms.<\/p>\n

Division Two Products include:<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The\u00a0King of Hemp<\/u><\/a>\u00ae<\/strong>\u00a0Pre-Roll Blends<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 High premium CBD flower from the Rogue Valley in Southern Oregon, North Carolina and Arizona<\/p>\n

The\u00a0super-premium\u00a0\u00a0King of Hemp<\/u>\u00ae<\/u><\/strong>\u00a0pre-rolls<\/u><\/a>\u00a0are in full production and use Hemp, Inc.\u2019s A and B hemp colas.\u00a0 The A and B hemp colas are derived from Oregon-grown Pre-98 OG Bubba Kush, one of the top selling cultivars on the market. The strain, rich soil and climate lend themselves to these colas being among the highest quality buds, positioning them to be some of the best tasting for consumption.<\/p>\n

Advocates say Oregon has a uniquely suited climate, politically and agriculturally, to dominate the fast-growing industry. Given that Oregon farmers have demonstrated the ability to grow world-renowned products, it makes sense that they would be able to produce some of the best hemp buds in the world. Hemp Inc.\u2019s grow operation in Oregon is among the best in the state and has yielded some of the highest quality hemp colas on the market. The company believes that they will hit the 20% mark of their grade A buds and the rest of the Company\u2019s high-quality colas will be used for their new line of pre-rolls.<\/p>\n

The\u00a0King of Hemp<\/u><\/a>\u00ae pre-roll line offers high-end products that are an effective and flavorful, smokable alternative to cigarettes and other hemp consumption methods. The remaining A and B colas used in the newly launched King of Hemp\u00ae<\/strong>\u00a0pre-rolls are compliant with the 2018 Farm Bill, federal regulations, and regulations in the markets where they are available for purchase. The King of Hemp\u00ae<\/strong>\u00a0pre-rolls can be purchased individually or in packs of 6. Each pre-roll is 1 gram and does not exceed 0.3% THC.<\/p>\n

As of the first quarter, sales from the pre-rolls total $3,435. The packaging (boxes) for the pre-rolls were delayed for two months due to COVID-19 but executives say everything is back on track and they have 100,000 boxes in inventory as well as 100,000 tubes for the pre-rolls in inventory. With everything back on track, pre-roll sales are expected to explode with massive revenues to be generated next quarter.<\/p>\n

Consumers can also shop on the newly redesigned website\u00a0www.kingofhempusa.com<\/u><\/a>\u00a0for the\u00a0\u00a0King of Hemp<\/u>\u00ae<\/u><\/strong>\u00a0pre-rolls<\/u><\/a>\u00a0and\u00a0hemp tinctures<\/u><\/a>. Each pre-roll contains a smooth, nearly odorless natural hemp smoke. They are tightly rolled into a filtered cigarette rice paper for the ultimate discreet smoke. Many users have said the King of Hemp\u00ae<\/strong>\u00a0pre-rolls present a calming experience, perfect for alleviating feelings of anxiousness and gaining mental clarity.<\/p>\n

The\u00a0King of Hemp\u00ae<\/strong>\u00a0tinctures also hit the market with steady sales. While there was a slight interruption in sales due to the COVID-19 pandemic, sales are now back on track. The tinctures available on\u00a0www.kingofhempusa.com<\/u><\/a>\u00a0are fast-acting CBD oil tinctures that contain the full spectrum of hemp oil extracted from the flowers and leaves of hemp plants grown by the Company. It contains .3% or less THS so it\u2019s federally legal nationwide.<\/p>\n

Within the next 30 days, the Company expects to roll-out the second product in the King of Hemp\u00ae<\/strong>\u00a0(KOH) product line \u201cMidnight Express\u201d in honor of Billy Hayes who made the name famous in the 1978 movie \u201cMidnight Express\u201d chronicling his suffering at the hands of Turkish authorities for trying to smuggle hash shish out of Turkey.<\/p>\n

Hemp, Inc. is also hosting the Hempathon at the\u00a0Veteran Village Kins Community<\/u><\/a>\u00a0in Arizona.\u00a0 Contestants are growing 1 acre of hemp in a contest with other growers from around the country. Hemp, Inc. is providing land, water, security, and live streaming video coverage for participants. The Hempathon entry fee is $5,000 and a 50\/50 revenue split. Winners of the Hempathon will share in several awards and prizes of up to $50,000.<\/p>\n

The Veteran Village Kins Community in Arizona has 6 domes and the overnight RV camping sites\u00a0(see\u00a0<\/em>Bruce Perlowin<\/u><\/em><\/a>\u2019s Facebook page post on 5\/16\/20)<\/em>\u00a0are being set up so people can stay on the land during the Hempathon grow. Live streaming video cameras are also ready, so the world can watch the \u201cThe Great American Hempathon\u201d in real time.<\/p>\n

Also, as part of the Hempathon, Hemp, Inc.\u2019s Hemp Academy (Arizona) will offer classes in one of its geodesic domes during the Hempathon, which will include hemp experts, product developers, field trips to the grow area, and more. This hands-on, interactive, educational experience is the chance of a lifetime for people to learn about this new emerging multi-billion dollar industry from hemp industry experts.<\/p>\n

A 44-ft geodesic dome will be set up to show movies, documentaries and courses on everything from bio-dynamic farming, permaculture, organic farming practices to bees, predator pest control, soil amendments, cloning, grafting and other peripheral agricultural course materials.<\/p>\n

\u201cKnowledge is power and by sharing knowledge, we all grow together,\u201d says CEO Perlowin.<\/p>\n

Those interested in signing up for the Hempathon should contact Chris Tinney ctinney@hempinc.com.<\/p>\n

\n Division Three\u00a0\u2013\u00a0The Hemp Extraction & Pre-Roll Blending Infrastructure<\/u><\/strong>\n <\/p>\n

The Hemp CBD Oil Extraction & Pre-Roll Blending Infrastructure\u00a0(Division Three)\u00a0<\/em>originally consisted of a Supercritical C02 Extractor. After operating for over a year it has been determined that Hemp, Inc. will not be involved in the extraction industry and has changed its direction to focus primarily on the\u00a0King of Hemp\u00ae<\/strong>\u00a0pre-rolls and The King of Hemp\u00ae<\/strong>\u00a0high CBD\u00a0smokable flower<\/u><\/a>. The CBD oil that was extracted from the 2018 hemp grows in North Carolina has been made into pure crystalline CBD isolate which was added to the Company\u2019s \u201cKing of Hemp\u00ae<\/strong>\u201d branded line of pre-rolls that are now in the marketplace across all 50 states.<\/p>\n

In lieu of 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 smokable buds. The Company will hire or joint venture with other, already existing, labs to manufacture CBD, CBG, CBC, CBN, and other products in its future cannabinoid line. With 150 different cannabinoids, over 300 terpenes, and more of each being discovered almost monthly, the product range and possibilities in this area are endless.<\/p>\n

\n Division Four\u00a0\u2013\u00a0The Hemp Educational Infrastructure<\/u><\/strong>\n <\/p>\n

The Hemp Educational Infrastructure\u00a0(Division Four)<\/em>\u00a0includes Hemp, Inc.’s\u00a0Hemp University<\/u><\/strong><\/a>\u00a0which focuses on educating and empowering\u00a0Hemp farmers and entrepreneurs\u00a0with knowledge, processing, infrastructure and support.\u00a0 The\u00a0educational seminars<\/u><\/strong><\/a>, through the Hemp University, are held periodically (as needed).\u00a0 These seminars teach farmers and landowners how to create a profitable income stream by maximizing the per-acre crop revenue. Through this division,\u00a0Hemp, Inc.<\/u><\/a>\u00a0has trained well over 500 farmers in its first two years by doing a total of nine Hemp University seminars in North Carolina and Oregon, which included:<\/p>\n

\n
\n
\n
\n The New Leaf Symposium and Golden Grow Awards Gala<\/u>
\n <\/em>
\n <\/strong>
\n <\/a>\u00a0– January 26, 2020 (Jacksonville, Oregon)<\/p>\n

\n \u201cThe New Leaf Symposium\u2019s\u201d<\/em>\u00a0focus was \u201cRegeneration” to celebrate optimism and resilience in the industry, the power of the plant, and faith in the hemp-producing community. The event sold out with over 180 attendees. The feedback from attendees was overwhelmingly possible and the speakers were hailed as the best yet. The educational symposium concluded with the \u201cGolden Grow Awards Gala\u201d<\/em>. The Golden Grow Awards Gala honored Oregon’s top cultivars and put Oregon\u2019s best farmers head-to-head for some of the most prestigious hemp-industry accolades.\u00a0There were four categories judged in the awards: Top CBD, Top Terpenes, Judge\u2019s Favorite, and Peoples\u2019 Choice.\u00a0\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook post on 1\/28\/20<\/u><\/em><\/a>\u00a0for a short video on this symposium.)<\/em><\/p>\n

\n
\n
\n The Pre-Harvest Symposium<\/u>\u00a0\u2013 September 8, 2019 (Oregon)<\/em>
\n <\/strong>\n <\/p>\n

\n \u201cThe Pre-Harvest Symposium\u201d<\/em>\u00a0workshop 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.\u00a0The 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.\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook post on 9\/9\/19<\/u><\/em><\/a>\u00a0for a short video on this symposium.)<\/em><\/p>\n

\n
\n
\n Pre-Plant Support Workshop<\/u>\u00a0\u2013 May 4, 2019 (Oregon)<\/em>
\n <\/strong>\n <\/p>\n

\n \u201cThe Pre-Plant Support Workshop\u201d<\/em>\u00a0was 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.\u00a0The 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.\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook post on 5\/9\/19<\/u><\/em><\/a>\u00a0for a short video on this workshop.)<\/em><\/p>\n

\n
\n
\n The Hemp University Educational Seminar<\/u>\u00a0– March 23, 2019 (Oregon)<\/em>
\n <\/strong>\n <\/p>\n

This was the first Hemp University held on the West Coast.\u00a0 The seminar provided attendees with a full day of networking, education, and support.\u00a0<\/em><\/strong>The seminar helped others in the area who were interested in the hemp industry learn more about the \u201cIndustrial Hemp Revolution\u201d and how this movement can not only transform Southern Oregon\u2019s economy, but also revive family farms and small businesses in the surrounding areas.\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook post on 3\/28\/19<\/u><\/em><\/a>\u00a0for a short video on this seminar.)<\/em><\/p>\n

\n
\n
\n Growing Hemp for Profit<\/u>\u00a0\u2013 March 10, 2018 \u2013 (North Carolina)\u00a0\u00a0
<\/em>
\n <\/strong>The Hemp University\u2019s first educational\u00a0symposium<\/u><\/a>\u00a0event of 2018 entitled\u00a0\u201cGrowing Hemp for Profit\u201d<\/em>\u00a0took place on Saturday, March 10, 2018. Attendees learned from the University\u2019s industrial hemp experts as they shared their lessons from their experiences in growing industrial hemp.\u00a0\u201cGrowing Hemp for Profit,\u201d<\/em>\u00a0which took place from 8:30am to 5 pm at the Hilton Garden Inn in Charlotte, North Carolina.\u00a0(See Bruce Perlowin\u2019s\u00a0<\/em>personal Facebook post on 3\/17\/18<\/u><\/em><\/a>\u00a0for a short video on this symposium.)<\/em><\/p>\n

\n Hemp Money Event: Economics, Lessons & Planning for 2018 \u2013 December 2, 2017 \u2013 (North Carolina)<\/strong>\n <\/p>\n

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\u2019 experiences and lessons; and, learned how to prepare for the 2018 industrial hemp growing season with a well-defined blueprint for success.\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook post on 12\/23\/17<\/u><\/em><\/a>\u00a0for a short video on this symposium.)<\/em><\/p>\n

\n
\n
\n The Hemp Oil Event: The Art and Science of CBD Oil<\/u>\u00a0\u2013 September 30, 2017 (North Carolina)<\/em>
\n <\/strong>\n <\/p>\n

The Hemp Oil Event (The Art & Science of CBD Oil) was The Hemp University\u2019s 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.\u00a0\u00a0The 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.\u2019s, 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.\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook post on 9\/30\/17<\/u><\/em><\/a>\u00a0for a short video on this symposium.)<\/em><\/p>\n

\n
\n
\n The Art and Science of CBD Greenhouse Growing<\/u>\u00a0\u2013 June 24, 2017 (North Carolina)<\/em>
\n <\/strong>\n <\/p>\n

The\u00a03rd Hemp University\u00a0<\/u><\/a>educational symposium held on June 24, 2017 focused on The Art and Science of CBD Greenhouse Growing.\u00a0The educational symposium was held at Louisburg College in Louisburg, North Carolina.\u00a0A 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 University\u2019s special guest who lectured on soil microbiology during the symposium.\u00a0Attendees were able to spend half of the course at Hemp, Inc.\u2019s, then, 70,000 square-foot Industrial Hemp Hub, in a 3,000 square-foot cloning room.\u00a0There, attendees had the opportunity to experience a more hands-on learning approach.\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook post on 6\/30\/17<\/u><\/em><\/a>\u00a0for a short video on this symposium.)<\/em><\/p>\n

\n
\n
\n Farming Hemp for ProfitTM<\/sup><\/u>\u00a0\u2013 April 29, 2017\u00a0<\/em>
\n <\/strong>\u00a0(North Carolina)<\/em><\/strong><\/p>\n

\n
\n Hemp, Inc.<\/u>
\n <\/a>\u2019s second, sold out, educational\u00a0symposium<\/u><\/a>\u00a0(Farming HEMP for Profit\u2122<\/u><\/a>), through its Hemp University, was a phenomenal success. The\u00a0symposium<\/u><\/a>\u00a0took place on Saturday, April 29, 2017, from 8:30am \u2013 5:00pm, at the Hampton Inn & Suites located at 3920 Arrow Drive, Raleigh, NC\u00a027612 and drew over 100 attendees. The one-day educational symposium and tour of Hemp, Inc.\u2019s, 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 \u201cspecific step-by-step blueprint\u201d on how to grow, sell and profit from farming industrial hemp.\u00a0This event accomplished its mission to help landowners and farmers add a new viable and profitable income stream by maximizing the per-acre crop revenue.\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook post on 4\/30\/17<\/u><\/em><\/a>\u00a0for a short video on this symposium.)<\/em><\/p>\n

\n
\n
\n Farming Hemp for ProfitTM<\/sup><\/u>\u00a0\u2013 March 18, 2017 (North Carolina)<\/em>
\n <\/strong>\n <\/p>\n

This was Hemp, Inc.\u2019s first\u00a0Hemp University symposium<\/u><\/a>.\u00a0 The symposium was a sold out event and was a huge success with 100 attendees who rated the quality of information presented as excellent.\u00a0The symposium took place on Saturday, March 18, 2017, from 8:00am \u2013 5:00pm, at Hemp, Inc.\u2019s wholly owned subsidiary,\u00a0Industrial Hemp Manufacturing, LLC<\/u><\/a>, located at 1436 Highway 581 North, Spring Hope, North Carolina, 27882.\u00a0The one-day educational symposium was an opportunity for landowners and farmers to receive a \u201cspecific step-by-step blueprint\u201d on how to grow, sell and profit from farming industrial hemp by using real business tactics and principles, presented by industry experts.\u00a0(See Bruce Perlowin\u2019s personal\u00a0<\/em>Facebook posts on 3\/18<\/u><\/em><\/a>-19 and 3\/21-26, 2019 for a short videos on this symposium.)<\/em><\/p>\n

To listen to past Hemp University workshops, please visit\u00a0hemp-university.teachable.com<\/u><\/strong><\/a>. Also visit\u00a0https:\/\/www.hempincpresents.com<\/u><\/a>\u00a0to see highlights from Hemp, Inc.\u2019s inaugural Hemp University held in North Carolina, which sold out in two weeks.<\/p>\n

The Hemp University\u2019s twelve\u00a0online educational masterclasses<\/u><\/strong><\/a>\u00a0are $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.<\/p>\n

Those interested in Hemp, Inc.\u2019s\u00a0online courses, including experts in any aspect of the industrial hemp industry, should contact Chris Tinney on (855) 554-6834 or via email at (ctinney@hempinc.com).<\/p>\n

\u201cSince The Hemp University\u2019s initial launch with the educational symposium, the number of attendees grew tremendously and was an overwhelming success, each time.\u00a0The interactive, hands-on learning approach was invaluable. By learning in\u00a0an interactive cohort format<\/u><\/strong><\/a>, students gained the necessary skills they needed to immediately implement them on their farm or in their organization. It\u2019s the perfect mix of quality instruction, relevant educational content and a high level of commitment, to ensure the educational success of each attendee,\u201d said Perlowin.<\/p>\n

The Hemp University has helped transform\u00a0the 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.\u00a0<\/p>\n

\n Division Five\u00a0\u2013\u00a0The Hemp Marketing Infrastructure<\/u><\/strong>\n <\/p>\n

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.\u00a0 The demand for CBD, CBG and other hemp products is massive, some even say the demand is insatiable.\u00a0 In order to supply that type of volume\/demand, there has to be a strong foundation or infrastructure in place.\u00a0 While Hemp, Inc. continues 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.\u00a0\u00a0The cannabidiol (CBD) market is on track to grow to $23.7 billion through 2023, according to the\u00a0Brightfield Group<\/u><\/a>.\u00a0 The firm also estimated the\u00a0smokable hemp<\/u><\/a>\u00a0market to be valued at $11.5 million in 2018, a growth of 250% from 2017. \u201cThis is why we consistently focused on infrastructure for so long. Since we made that a priority, we are now positioned to go into an aggressive marketing mode,\u201d says Perlowin.<\/p>\n

In late January, 2020 the first\u00a0King of Hemp\u00ae<\/strong>\u00a0Store had a soft launch in Kingman, Arizona.\u00a0 This 5,000 square foot Wells Fargo bank building is in the heart of Old Town Kingman next to historic Route 66 and will showcase everything hemp, including the KOH pre-roll line, flower, tinctures, health and beauty products, and Hemp Blue\u2019s hemp denim jeans (www.hempblue.com<\/u><\/a>). The retrofitted, once Wells Fargo Bank building, will also retain the working vault.<\/p>\n

The company has also recently joint-ventured with the retail store \u201cHemp Healthcare\u201d, in Dolan Springs, Arizona, to sell high-end cannabidiol (CBD) and hemp-based products. \u201cHemp Healthcare\u201d is home to an array of renowned CBD and hemp products, including Hemp, Inc.\u2019s cosmetic and wellness line that includes shampoos, conditioners, 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, \u201cHemp Healthcare\u201d is next to \u201cDolan Station\u201d \u2013 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 western realm of the Grand Canyon. The Company expects a very good return later this year. It should be noted that due to COVID-19, tour buses are not currently running but the store has become incredibly active due to COVID-19.<\/p>\n

\n Division Six\u00a0\u2013\u00a0Accessories, Products and Services<\/u><\/strong>\n <\/p>\n

Division Six focuses on the sale of hemp industry accessories such as the sale of extractors,\u00a0harvesters, storage bags, containers,\u00a0fertilizer, 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.\u00a0<\/p>\n

\u201cWhat 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,\u201d said Perlowin. \u201cAs we expand this Division, we will strive to become the Amazon of the hemp industry.\u201d<\/p>\n

According to Perlowin, Hemp, Inc. is currently building out a new section of its website that will list all of the products. This information will be available on\u00a0https:\/\/www.hempinc.com\/<\/u><\/a>\u00a0in the near future.<\/p>\n

\n Division Seven\u00a0\u2013\u00a0Research and Development<\/u><\/strong>\n <\/p>\n

While Research and Development has been an integral part of Hemp, Inc. since day one, a more formal research and development project will be planned for later this year. This division will then start and expand rapidly. The Company originally planned for Puerto Rico to be a research and development hub, 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.<\/p>\n

\u201cIt is now more economically advantageous to operate in a state that already has several years of legalization behind it because it makes it easier further down the road for hemp companies to thrive \u2013 just as we have done in North Carolina, Arizona, Nevada and especially Oregon.\u00a0 Our growing operation in Oregon hit a grand slam, 2 years in a row.\u201d<\/p>\n

\n
\n Division Eight<\/em>\u00a0\u2013\u00a0Industrial Hemp Investments and Joint Ventures<\/u><\/strong>\n <\/p>\n

Hemp, Inc. established its eighth division\u00a0(<\/em>Industrial Hemp Investments and Joint Ventures).\u00a0 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 don\u2019t 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 email\u00a0ir@hempinc.com. Millionaire investors, and in some cases billionaires and billion dollar hedge fund managers, 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\u00a0(after all the initial investment money is paid back)<\/em>.\u00a0 This will save the large-scale hemp investor often two years and dozens of multi-million dollar mistakes that they \u201cWILL\u201d often make without an expert in the hemp industry. This is where Hemp, Inc.\u2019s vast network of experts and resources, built over a period of 10 years, in the industrial hemp industry come into play because this is something we can easily provide to those interested in entering this industry.<\/p>\n

\n
\n Division Nine\u00a0<\/em>\u2013\u00a0Industrial Hemp Consulting<\/u><\/strong>\n <\/p>\n

Hemp, Inc.\u2019s Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) was recently restructured as its ninth division and is now \u201cDivision Nine – Industrial Hemp Consulting\u201d.\u00a0 With an influx of public companies wanting to expand into the industrial hemp industry, Hemp, Inc. has been inundated with potential consulting agreements.\u00a0To keep up, Hemp, Inc. revamped its consulting division to work hands-on with each company to provide its years of expertise.\u00a0According to Perlowin, there is definitely a sense of a \u201cCommunity of Companies\u201d whereby a lot of companies are working together to pool their resources, marketing connections and strategies in order to grow simultaneously.<\/p>\n

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.\u2019s Division Nine \u2013 Industrial Hemp Consulting, a wide range of services are forged from the experiences of creating the first publicly traded company in the cannabis sector (Medical Marijuana, Inc.) and having over a decade of experience in the industrial hemp industry\u2019s public sector. Perlowin, Hemp, Inc.\u2019s chief executive officer, also has over five decades in the industry.<\/p>\n

\n
\n Division Ten\u00a0\u2013\u00a0Educational Entertainment<\/u><\/em>
\n <\/strong>\n <\/p>\n

The Educational Entertainment division will cover everything from investing in the movie\u00a0\u201cThe Adventures of the King of Pot\u201d<\/em>\u00a0(https:\/\/www.kingofpotthemovie.com\/<\/u><\/a>) and other historical movies, books and documentaries representing our industry up to the current docuseries being made on\u00a0\u201cThe Modern Day History of Hemp\u201d<\/em>.\u00a0 Those interested in investing in any one of these ventures should contact the division\u2019s Project Manager, Chris Tinney, at 855-554-6834 or via email,\u00a0ctinney@hempinc.com.<\/p>\n

\n
\n Division Eleven\u00a0\u2013\u00a0Medical and Recreational Marijuana<\/u><\/em>
\n <\/strong>\n <\/p>\n

Hemp, Inc.\u2019s newest division, Medical and Recreational Marijuana, is underway to enter the cannabis market in 2021 once marijuana is fully legalized across the country.\u00a0 According to Perlowin, banks and merchant account providers will be more open and accepting of marijuana companies. Right now, the banking regulations for marijuana companies are very draconian. \u201cI\u2019ve known so many banks to close accounts merely because they were associated with the industry. Anyway, we don\u2019t know if we\u2019ll wait for full legalization yet but that decision won\u2019t discount the building out of facilities and preparation for it.\u00a0 After legalization occurs and large scale marijuana grows are underway, this division will already be positioned as the \u2018go-to\u2019 consultant due to our industry expertise.\u201d<\/p>\n

\n
\n VETERAN VILLAGE KINS COMMUNITIES<\/u>
\n <\/strong>\n <\/p>\n

To see the livestream feed for the Veteran\u2019s Village Kins Community Arizona, visit\u00a0https:\/\/www.hempinc.com\/arizona<\/u><\/a>\u00a0and click on \u201cView Live Feed\u201d or visit\u00a0www.kinscommunity.com<\/u><\/a>\u00a0and click on the \u201cLivestream Video\u201d tab.<\/p>\n

The company\u2019s 500-acre strategic growing partner Veteran Village Kins Community in Golden Valley, Arizona, is designed to grow hemp and produce CBD and CBG products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village and individual veterans living in the community.<\/p>\n

The Veteran Village Kins Community in Arizona has completed its final site plan blueprints for its 36 of the 500-acre site in Golden Valley, Arizona\u00a0(20 miles north of Kingman, AZ and 90 minutes from Las Vegas, NV)<\/em>. 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.<\/p>\n

Live streaming video can be accessed on\u00a0www.kinscommunity.com<\/u><\/a>\u00a0by clicking the \u201cLivestream Video\u201d tab.\u00a0 Viewers are able to 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, click\u00a0here<\/u><\/a>.<\/p>\n

The Company will also build hemp-growing communities for other groups such as \u201cAbused\u201d Women & Children Village Kins Communities; the \u201cOrphans\u201d Village Kins Communities; \u201cHomeless\u201d Village Kins Communities, the \u201cHealers\u201d Village Kins Communities (the healers are professionals who are knowledgeable in the modalities to treat these traumatized groups); and a community to \u201cHeal the Healers\u201d called Heal the Healers Village Kins Community Arizona. These particular communities are all synergistically aligned to work simultaneously supporting each other.<\/p>\n

For example, the \u201cHealers\u201d heal the traumatized veterans and women & children; the women support orphaned children, and orphaned 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 \u201cquantum economic matrix\u201d or an example of \u201csymbiotic economics\u201d which is way more complex than this brief description allows.<\/p>\n

Dwight Jory, the Project Manager for the \u201cVeteran Village Kins Community Arizona, Inc.\u201d, said, \u201cWe are very happy with the progress. Our Kins Community is really beginning to come together.\u201d Planting began April 20, 2020\u00a0(see Bruce Perlowin\u2019s Facebook page post on 5\/15\/20)<\/em>.\u00a0 Three-hundred acres have been fenced and 120 acres have been scraped and cleared to grow hemp, 13 overnight trailer park sites are under construction, and organic gardens have been planted, 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, two have been converted to greenhouse nurseries\u00a0(see Bruce Perlowin\u2019s personal Facebook page post on 5\/14\/20)<\/em>\u00a0 and the others are structurally intact. \u201cWe have been gaining a lot of momentum in our Veteran\u2019s Village so these updates change week by week,\u201d says Perlowin.<\/p>\n

\u201cWe are now accepting volunteers who have expressed an interest in helping to build the first Kins Community for our veterans,\u201d said Jory. Those interested in making the first hemp growing CBD-producing \u201cVeteran Village Kins Community\u201d become a reality should contact Ms. Sandra Williams via email (swilliams@hempinc.com).<\/p>\n

One thousand trees, on 36 of the 500-acres, have also been planted, with an additional 1,000 trees on order. The \u201cVeteran Village Kins Community\u201d 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.<\/p>\n

\u201cAs Hemp, Inc. positions itself on the forefront of America\u2019s industrial hemp revolution, we see our partnership with \u2018Veteran Village Kins Community Arizona, Inc.\u2019 being paramount in supporting the small family farm movement that we are confident will reshape the American landscape,\u201d said Perlowin. \u201cAs we work toward getting our eco-village up and running in Golden Valley, 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\u2019s a big part of our mission to give back.\u00a0 Recently we have expanded our Kins Community concept internationally focusing on, but not limited to, Israel, New Zealand, Canada, Africa, and Australia.\u201d<\/p>\n

Hemp, Inc. executives are also continuing to scout new locations nationwide to open additional hemp processing centers in legal markets.<\/p>\n

\n
\n PRESS COVERAGE<\/u>
\n <\/strong>\n <\/p>\n

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:<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHemp: the burgeoning industry of southern Oregon<\/u><\/a>\u201d – (NBC) KOBI-5, December 22, 2018<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. Featured on Oregon NBC 5 Station Following Passage of 2018 Farm Bill<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cCarolina\u2019s next cash crop?: Farm bill will add hemp into more growers\u2019 rotation<\/u><\/a>\u201d – The Wilson Times, December 26, 2018<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. Receives Prominent News Coverage Discussing Hemp Legalization and Small Family Farms<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cArizona’s next cash crop? Lawmaker pushes for rush on hemp bill<\/u><\/a>\u201d – ABC 15, January 28, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. Applauds Arizona Legislative Drive to Push Up Industrial Hemp Licensing Date to June 2019 as Veteran Village Kins Community Builds Out Infrastructure<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cFarmers could plant hemp in Arizona fields this summer, if bill passes<\/u><\/a>\u00a0– ABC KUGN-9, February 8, 2019<\/p>\n

\n Hit:\u00a0<\/strong>\u201cAdams on Agriculture – Bruce Perlowin\/Hemp, Inc.<\/u><\/a>\u201d – Adams On Agriculture, February 22, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. CEO Featured on National Radio Show Discussing Company’s Expanding Footprint and Demand for Cannabidiol<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHemp, Inc. seeking JV partners for processing facilities, CEO says<\/u><\/a>\u201d – MergerMarket, February 28, 2019<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHemp, Inc. holds first west coast educational seminar in Ashland<\/u><\/a>\u201d –\u00a0 (NBC) KOBI-5, March 23, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. Featured by CBS and NBC Affiliates in Oregon About The Hemp University\u2019s Educational Hemp Seminar<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHemp University: getting schooled on cannabis<\/u><\/a>\u201d – CBS News 10, March 26, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. Featured by CBS and NBC Affiliates in Oregon About The Hemp University\u2019s Educational Hemp Seminar<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHow Hemp Is Giving Renewed Life To America’s Tobacco Farmers<\/u><\/a>\u201d – Forbes, March 25, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. CEO Bruce Perlowin Featured in Forbes Discussing Tobacco Farmers Who are Turning to Industrial Hemp<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cMarket for hemp still a ways off<\/u><\/a>\u201d – Tri-State Neighbor, March 28, 2019<\/p>\n

\n Hit:\u00a0<\/strong>\u201cTobacco growers may find new avenue in hemp farming<\/u><\/a>\u201d – AgDaily, April 26, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. CEO Bruce Perlowin Featured in AgDaily Discussing Hemp as Agricultural Industry\u2019s Newest Cash Crop<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cIndustrial hemp has potential to be a big cash crop for area farmers<\/u><\/a>\u201d – Tulsa World, May 12, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. CEO Bruce Perlowin Featured in Tulsa World Discussing Oklahoma\u2019s Industrial Hemp Industry<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cGrowing hemp in the desert<\/u><\/a>\u201d – Today\u2019s News-Herald\/Havasu News, June 10, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. CEO Bruce Perlowin Featured on Cover of Today\u2019s News-Herald Discussing Arizona’s Industrial Hemp Industry<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHempathon” contest planned for Golden Valley<\/u><\/a>\u201d – Mohave Daily News, July 7, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. CEO Bruce Perlowin Featured in Mohave Daily News and CBD Today Discussing Hempathon<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHemp, Inc. Seeking Agriculture Suppliers and Farmers for Hempathon Event<\/u><\/a>\u201d – CBD Today, July 2, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. CEO Bruce Perlowin Featured in Mohave Daily News and CBD Today Discussing Hempathon<\/u><\/a>\u201d<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHemp Inc. to Hold \u201cHempathon\u201d in Mohave County<\/u><\/a>\u201d – Arizona Cannabis News, July 15, 2019<\/p>\n

\n Hit:\u00a0<\/strong>\u201cHemp, Inc. taking hemp into bioplastics<\/u><\/a>\u201d – Plastics News, August 22, 2019<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. Featured in Plastics News Regarding Entry Into Hemp Bioplastics Industry to Help Fill Growing Demand for Eco-friendly Materials<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cROSEBUD ORIGINAL VIDEO: Hemp University the Pre-Harvesting Symposium<\/u><\/a>\u201d – Mail Tribune, September 9, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc. Subsidiary, The Hemp University, Featured in Mail Tribune Showcasing Pre-Harvest Symposium Hemp Workshop<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cHemp In The Valley<\/u><\/a>\u201d – CBS News 10, September 12, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc. CEO Bruce Perlowin Featured on CBS News 10 in Oregon Discussing State\u2019s Booming Hemp Industry<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cEpisode 72 : “King of pot, smuggling 101, and getting arrested on an airplane<\/u><\/a>\u201d – Off Script With Trish Glose, CBS News 10 Podcast, September 25, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc. CEO Bruce Perlowin to be Featured on the Podcast \u201cOff Script with Trish Glose\u201d This Wednesday<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cWhy US Tobacco Farmers Are Switching To Hemp<\/u><\/a>\u201d – Business Insider, September 16, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc. Affiliate, Through a Joint Venture, Featured on Business Insider for North Carolina Farming Operations<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cHEMP, INC. Joins The Stock Day Podcast to Discuss The Distribution of Their Hemp Pre-Rolls<\/u><\/a>\u201d – Stock Day Podcast, September 27, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHEMP, INC. Joins The Stock Day Podcast to Discuss The Distribution of Their Hemp Pre-Rolls<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cHemp hardwoods, bioplastics expand crop use beyond CBD<\/u><\/a>\u201d – United Press International, October 2, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc. Featured in Globally Syndicated News Provider, United Press International, Discussing Industrial Applications for Bioplastics<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cRising High: An Exclusive Talk with Industrial Hemp Company Hemp, Inc.<\/u><\/a>\u201d – The Fly, October 17, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc. Profiled in Financial News Outlet, The Fly<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cLack of Processing Facilities For Hemp<\/u><\/a>\u201d – ABC News Watch 12, October 30, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc. Oregon Processing Operation Featured in NewsWatch 12\u2019s Harvest Coverage<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cHemp farmers in red tape<\/u><\/a>\u201d – CBS News 10, November 5, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc.\u2019s Commentary on New USDA Rules Featured in KTVL Broadcast and Smoky Mountain News<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cLegislature to ban smokable hemp in N.C.<\/u><\/a>\u201d – Smoky Mountain News, November 6, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc.\u2019s Commentary on New USDA Rules Featured in KTVL Broadcast and Smoky Mountain News<\/u><\/a>\u201d<\/p>\n

\n Hit:<\/strong>\u00a0\u201cHemp Inc. CEO, Bruce Perlowin Interview<\/u><\/a>\u201d – The Light, November 13, 2019<\/p>\n

\n Press Release:\u00a0<\/strong>\u201cHemp, Inc. CEO Bruce Perlowin Joins News Video Series, The Light, to Discuss Company Initiatives<\/u><\/a>\u201d<\/p>\n

\n Hit<\/strong>: \u201cHemp Industry Prime for Post-Pandemic Growth<\/u><\/a>\u201d \u2013 Cannabis Tech, April 17, 2020\u00a0<\/p>\n

\n Press Release<\/strong>: \u201cHemp, Inc. CEO Bruce Perlowin Featured in Cannabis Tech\u201d<\/u><\/a><\/p>\n

\n Hit<\/strong>: \u201cCannabis Businesses During the Coronavirus<\/u><\/a>\u201d \u2013 Way of Leaf, April 17, 2020\u00a0<\/p>\n

\n Press Release:<\/strong>\u00a0\u201cHemp, Inc. Featured in Marijuana Break’s Coverage on Hemp and COVID-19<\/u><\/a>\u201d<\/p>\n

\n Hit<\/strong>: \u201cHemp farmers going ‘full force’ despite pandemic<\/u><\/a>\u201d \u2013 PoliticoPro, April 27, 2020\u00a0<\/p>\n

\n Press Release<\/strong>: \u201cHemp, Inc. Featured in Politico Pro\u2019s Coverage of The Hemp Industry Amidst The COVID-19 Pandemic<\/u><\/a>\u201d<\/p>\n

\n Hit<\/strong>: \u201c4 Highly Speculative Micro-Cap Stocks To Have On Your Radar<\/u><\/a>\u201d \u2013 Benzinga, May 6, 2020<\/p>\n

\n Press Release<\/strong>:\u00a0<\/u><\/a>\u201cHemp, Inc. —\u00a0 One of the Top Micro-Cap Stocks Investors Should Have on Their Radar<\/u><\/a>\u201d\u00a0<\/p>\n

\n Hit<\/strong>: \u201cAmerican Hemp Farmers Table Talk<\/u><\/a>\u201d \u2013 Youtube, May 26, 2020<\/p>\n

\n Press Release<\/strong>: \u201cHemp, Inc.\u2019s CEO Shares Insights With Georgia Hemp Farmers During Recent Webinar Appearance<\/u><\/a>\u201d<\/p>\n

\u00a0\u00a0<\/p>\n

\n Hit<\/strong>:\u00a0<\/u><\/a>E.95 Changing the World through Hemp ft. \u201cKing of Pot Stocks\u201d Bruce Perlowin<\/u><\/a>\u00a0\u2013 Lit & Lucid Podcast, July 7, 2020<\/p>\n

\n Press Release<\/strong>: \u201cHemp, Inc. CEO Bruce Perlowin to be Featured on Lit & Lucid Podcast<\/u><\/a>\u201d<\/p>\n

\n HEMP, INC.\u2019S STOCK BUY BACK PLAN<\/strong>\n <\/p>\n

Hemp, Inc.\u2019s stock buyback is a mechanism to dramatically reduce the outstanding shares in the open market. “Once our Stock Buy Back Plan begins, and all the legal requirements to do this are in place, it is our intention to use 10% to 50% of the revenues, at some time in the future, when all the complex legal requirements are in place.\u201d<\/p>\n

\n FORWARD-LOOKING DISCLAIMER AND DISCLOSURES<\/strong>\n <\/p>\n

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. The Securities and Exchange Commission (SEC) requires issuers to provide \u201cadequate current information\u201d and Hemp, Inc. does\u2026 using the SEC\u2019s Alternative Reporting Standard to publicly report its quarterly and yearly financials.\u00a0 All current information can be found on\u00a0www.hempinc.com\/hemp-financial-disclosures\/<\/u><\/a>. 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.<\/p>\n

Contact:<\/p>\n

Hemp, Inc.\u00a0\u00a0\u00a0\u00a0<\/p>\n

855-436-7688<\/p>\n

\n
\n ir@hempinc.com<\/u>
\n <\/a>\n <\/p>\n

More Contacts:<\/p>\n

flower@hempinc.com<\/p>\n

hempu@hempinc.com<\/p>\n

ctinney@hempinc.com<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Las Vegas, NV, Dec. 04, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Hemp, Inc.\u00a0(OTC PINK: HEMP) announced that it has settled the longstanding 5-year old SEC civil case. Hemp, Inc. and Bruce Perlowin have agreed to settle the civil suit against them without admitting or denying the SEC\u2019s allegations.\u00a0 Perlowin is transitioning from CEO to Chief Visionary Consultant (CVC) and will not be managing the day-to-day tasks of the company. He will, however, remain as the true visionary Hemp, Inc. shareholders have come to admire and respect. The Company remains committed to its longstanding goals and will be aggressively moving forward to add new blood and new ideas to the management of the company. In the first quarter 2021, Hemp, … <\/p>\n

Continue reading “Hemp, Inc. Settles Longstanding Lawsuit with Securities and Exchange Commission (SEC)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-393336","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHemp, Inc. Settles Longstanding Lawsuit with Securities and Exchange Commission (SEC) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hemp-inc-settles-longstanding-lawsuit-with-securities-and-exchange-commission-sec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hemp, Inc. Settles Longstanding Lawsuit with Securities and Exchange Commission (SEC) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Las Vegas, NV, Dec. 04, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Hemp, Inc.\u00a0(OTC PINK: HEMP) announced that it has settled the longstanding 5-year old SEC civil case. Hemp, Inc. and Bruce Perlowin have agreed to settle the civil suit against them without admitting or denying the SEC\u2019s allegations.\u00a0 Perlowin is transitioning from CEO to Chief Visionary Consultant (CVC) and will not be managing the day-to-day tasks of the company. He will, however, remain as the true visionary Hemp, Inc. shareholders have come to admire and respect. The Company remains committed to its longstanding goals and will be aggressively moving forward to add new blood and new ideas to the management of the company. In the first quarter 2021, Hemp, … Continue reading "Hemp, Inc. 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