Hemp Inc (HEMP)

[Condor65]

Hemp, Inc. Begins Its First 53-Acre Hemp Planting

https://finance.yahoo.com/news/hemp-inc-begins-first-53-142716215.html

July 12, 2016

LAS VEGAS, NV--(Marketwired - Jul 12, 2016) - Hemp, Inc. ( OTC PINK : HEMP ) executives are pleased to announce that the next phase of its strategic business plan has been initiated… Hemp, Inc.'s planting of its first fifty-three acres of hemp. According to executives, Hemp, Inc. will begin to joint venture with land owners and/or companies across America to grow hemp while it continues to complete the final phase of bringing online its multi-purpose hemp processing facility in North Carolina. Last month's successful planting of 420 acres of Kenaf, in North Carolina, triggered the next phase of also growing industrial hemp.

Bruce Perlowin, CEO of Hemp, Inc. ( OTC PINK : HEMP ), said, "We have a 70,000 square foot industrial hemp processing facility, on 9 acres of land in the final stages of completion, so our primary focus is on getting it operational. Growing hemp is also part of our strategic business model. I am very excited to have signed an agreement with Ron Almadova of Agri-Tech Farms, LLC. The 2016 hemp crop will be grown on Almadova's land in Tonopah, Nevada." Per the agreement, Mr. Almadova has agreed to grow, harvest, and transport the hemp to specified processing locations.

The planting of the hemp crop will be completed by today, July 12, 2016, according to Almadova. And by early October, 2016, the harvest will be complete. Currently, CEO Perlowin is traveling to North Carolina to oversee the final stages of the company's industrial hemp plant operation. While in route, Perlowin is touring, with Michael Whalen, President and Founder of Nevada Hemp Association, potential acreage in Arizona and North Carolina to grow hemp. Thus far, Perlowin is interested in 7,000 acres near Flagstaff, Arizona. "Industrial hemp is an economical, sustainable plant which can yield a very viable crop. It's just a matter of time before it is legalized on a federal level. Hence the reason we are using the same strategy we used in North Carolina when hemp was not legal there. We don't wait for it to become legal in a particular state. This strategy is what has put Hemp, Inc. ahead of the curve," said Perlowin.

Bruce Perlowin has been personally creating Veteran-Village Kins Communities in the background for about 3 years now. Now, that model can be incorporated into Hemp, Inc.'s strategy of building hemp growing, CBD-producing "communities" or "villages." "I already have 2,000 acres in Arizona where I'm building veteran villages on 500 of those acres. I'm also looking for land in Oklahoma, Kentucky, Colorado, Florida, Arkansas, New Mexico, and North Carolina. These Kins Communities will consist of hemp grown on 400 acres consisting of 160 lots of 1 1/2 acre Kins Domains (eco-villages) each growing 1 acre of hemp as well as having organic gardens, natural beehives, a pond, a living fence and other elements that consist of a Kins Domain."

Perlowin continued, "We have already started building the first one of these 500-acre hemp-growing, CBD-producing, Veteran-Village, Kins Communities north of Kingman, Arizona, on a 500-acre parcel. We've already identified, at least, twenty-five 500-acre parcels that fit our criteria to enable us to subdivide them into 2 1/2-acre Kins Domains." The infrastructure for the hemp growing, CBD-producing, Veteran-Village Kins Community takes time to build, which is why we start building before hemp becomes legal in certain states.

To see an example of this, you can visit the website www.kinsdomain.us.

David Schmitt, Chief Operating Officer (COO) of Industrial Hemp Manufacturing, LLC (IHM), said, "Partnering with land owners across America, coupled with having the ability to process industrial hemp at our plant will provide unlimited business opportunities for the company. I'm confident hemp will be legal in all 50 states very soon so we are on the fast track in getting our Spring Hope, NC hemp processing plant completed."

As mentioned in a recent press release, Schmitt and IHM's Director of Operations, Philip Boyer, were in Chicago, Illinois from June 21 - 22, 2016 to oversee the install of the new parts in one of IHM's two mills. "The manufacturer of the mill is located in Chicago, so we sent our mill there to have it completely rebuilt to ensure there are no problems whatsoever. All the work has now been completed on one of the mills and is now in transit back to Hemp, Inc.'s multipurpose hemp processing facility in Spring Hope, North Carolina," said Schmitt.