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Tuesday, April 30, 2019 5:26:07 PM
once the FACTS have been presented.
Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today the company’s majority-owned hemp cultivation and processing company, Local Processing Center, Inc. (LPC) in Medford, Oregon, has begun processing the harvest of more than 100,000 pounds of industrial hemp from the first of many farms they have contracted with in that area (which also includes many of their own hemp farms).
Hemp, Inc. announced Sept. 6 that it had entered into a majority ownership agreement with JNV Farms LLC for the Medford, Oregon-based LPC. Hemp, Inc. has created strategic partnerships with farmers across the state to provide them with services including drying, curing and storing industrial hemp.
Hemp, Inc. maintains the first right of refusal to purchase the hemp, and will also act as liaison between manufacturing companies and farmers looking to sell their crop in instances where Hemp, Inc. declines to purchase. (More information on opportunities to partner with Hemp, Inc. to sell or buy hemp biomass can be found by contacting ir@hempinc.com.)
In addition to the company’s industrial 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 the local farmers and for our own hemp grows in that area, and post processing for the CBD industry.
Thus far, Hemp, Inc.’s Local Processing Center (LPC) in Oregon has created over 200 seasonal jobs as well as many year-round jobs.
Overall, sales increased from $107,002 in 2017 to $1,960,754 in sales for 2018, showing quarter-on-quarter increase for the year of 2018.
Sales by quarter for the year were $96,498 for the 1stquarter; $108,100 in sales for the 2ndquarter; and $159,750 sales in for the 3rdquarter, with a remarkable $1,596,406 for the 4thquarter.
Full-year sales for 2018 of $1,960,754 represent an increase of over 1,800% over the previous year.
Rite Aid will start selling CBD creams, lotions and lip balms in Washington and Oregon this month.
Medford is in Oregon, FACT!
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