Hemp Inc (HEMP)

[LaorgeMONEY]

Hemp, Inc. Closes in on $1 Million in Sales from Its Premium, High Quality Hemp Flower

https://www.globenewswire.com/news-release/2020/05/21/2037215/0/en/Hemp-Inc-Closes-in-on-1-Million-in-Sales-from-Its-Premium-High-Quality-Hemp-Flower.html


May 21, 2020 13:19 ET | Source: Hemp, Inc.
Las Vegas, NV, May 21, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- What better way to close the first quarter and the start the second quarter of 2020 than with sales just shy of $1,000,000? Hemp, Inc. (OTC PINK: HEMP) announced today that sales to date from their premium hemp flower, Pre-98 OG Bubba Kush, have reached $980,817.04 over the past ten weeks ($265,200 during the first quarter and $715,617.04 during the first half of the second quarter). The Company expects to hit a groundbreaking milestone of $1,000,000 in a matter of days due to the explosive demand for its high quality hemp flower. The premium Pre-98 OG Bubba Kush is just one of the many bio-diverse hemp products the Company produces, among hemp for bioplastics and LCM (Lost Circulation Material).

Hemp, Inc.’s CEO, Bruce Perlowin, admits it was “touch and go” with sales for about two months due to the pesky COVID-19 pandemic. “Circumstances, out of our control, interrupted our original timeline and slowed things up for about two months but we knew we had a great product so we simply recalibrated. There’s a saying ‘you can’t keep a good man down’. Well, in this case, I knew COVID-19 couldn’t keep Pre-98 OG Bubba Kush and the company behind it down for long. Sales of hemp flower are exploding. We’re in full swing and are on track to be able to sell our King of Hemp™ pre-rolls in all 50 states. We’re also beginning our mass marketing campaigns so I’m certain we will have revenue in the millions to report for the second quarter and beyond.”

As a global leader in the industrial hemp industry with bi-coastal processing centers, including the 85,000 square foot multipurpose industrial hemp processing facility on 9 acres in Spring Hope, NC, a 55,000 square foot state-of-the-art local processing center in White City, Oregon, a 500-acre hemp growing Veteran Village Kins Community in Golden Valley, Arizona, two model “Small Family Hemp Farms” in North Carolina and Arizona, a pre-roll blending manufacturing facility in Las Vegas, NV, and a 5,000 square-foot retail store (The King of HempStore™) in Kingman, Arizona, Hemp, Inc. has a few more infrastructure footprints to create but other than that, it’s full speed ahead for the Company.