Hemp, Inc. Settles Longstanding Lawsuit With Securities And Exchange Commission

NEVADA:  Hemp, Inc. 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’s allegations. 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, Inc. will expand its knowledge base by bringing in a new CEO and new members of its Board of Directors.

Hemp, Inc.’s Industrial Hemp Processing Facility In North Carolina Operational

NORTH CAROLINA: Hemp, Inc. announced that after 3 1/2 years, millions of dollars spent on purchasing, disassembling, transporting, reassembling, rebuilding, refurbishing, beta testing and debugging, the largest multipurpose industrial hemp processing facility in the Western Hemisphere is now operational and is processing its first product.

The milestone coincides with the company’s installation of its NuAxon Tech CO2 Supercritical Extractor, the planting of hundreds of acres of industrial hemp and high CBD hemp in North Carolina, Kentucky, Colorado, Nevada, and Oregon and the successful establishment and ongoing monthly hemp educational seminars via The Hemp University at Louisburg College in Louisburg, North Carolina. Executives were ecstatic to see the mill processing and packaging for the first time after a laborious 3+ years.

To see the Hemp, Inc. mill in operation and processing product, visit Bruce Perlowin’s personal Facebook page and scroll down to Aug. 8, 2017 and Aug. 1, 2017.

Bruce Perlowin, CEO of Hemp, Inc. ( OTC PINK : HEMP ) stated, “We will now begin marketing efforts in earnest. However, we have some very huge, potential orders that we have been in discussion with lately including one very large company that wants to purchase the entire productive capacity of our mill’s capabilities including expanding to double or triple its current capacity.”

According to David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, the company will stop processing for about half a day to build a frame to support the super sack. “The steel just arrived late yesterday afternoon. We should have that done today and be wide open by Thursday or Friday,” says Schmitt.

North Carolina Industrial Hemp Commission Now Accepting Applications to Grow Industrial Hemp

NORTH CAROLINA: The North Carolina Industrial Hemp Commission (NCIHC) is accepting applications for its pilot program to grow industrial hemp for research in North Carolina. The application process is open to farmers who can show evidence of income from a farming operation. With such a high level of interest in growing hemp in North Carolina, Agriculture Commissioner Steve Troxler said NCIHC worked diligently and quickly to establish temporary rules before the 2017 planting season. “There has been considerable interest in this program, and we expect a good number of farmers to apply for licenses.”  To obtain an application, go online click on the application link. There is no deadline to apply for this pilot program.

David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC said during an interview with editor Keith Barnes that IHM has already committed to just over 3,000 acres of industrial hemp for the 2017 crop. Schmitt has already signed Letters of Intent with numerous farmers and is expecting to have all contracts for the 2017 growing season finalized within the next 30 days, contingent on the farmers receiving their license from the North Carolina Department of Agriculture.

State agriculture agents will monitor and test the hemp crops to make sure they do not contain more than .30% THC. Industrial hemp growers will have to report each acre to the state and give precise locations using GPS.

In addition to showing evidence of income from a farming operation, applicants are also expected to pay an annual fee, provide a written statement of the research objective, and must provide access for the N.C. Department of Agriculture and Consumer Services’ Plant Industry Division and law enforcement for sampling in the field or in storage.

Approved applicants will be granted a license that will allow the holder to plant, harvest and market the crop. Individual licenses can be for one year or three years. Applications are currently being reviewed by NCIHC. On Monday of this week, the commission held a conference call to review and approve applications that were received through March 10, 2017.

Hemp, Inc. To Grow 3,000 Acres Of Industrial Hemp In North Carolina In 2017

NORTH CAROLINA:  Hemp, Inc. has informed its shareholders that its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC, in Spring Hope, NC, has signed a Letter of Intent  with Mullen View Farms and one with John Finch Farms in North Carolina. According to the signed LOI with Mullen View Farms, IHM will purchase 1,000 acres of raw hemp that is to be harvested at various locations throughout eastern North Carolina, this year. The signed LOI with John Finch Farms stipulates IHM shall purchase 500 acres of raw hemp stock from John Finch Farms. As with Mullen View Farms, the raw hemp is to be harvested at various locations throughout eastern North Carolina, this year.

With these LOIs, Hemp, Inc. now have a little over 3,000 acres of hemp growing. “We are really excited to be working with Mullen View and John Finch Farms. Mullen View Farms owns a huge warehouse, where we currently store some of our kenaf bales, not too far from our industrial hemp processing facility and wants to grow an additional 30,000 acres of industrial hemp for us in the near future. John Finch Farms has grown 200 acres of kenaf (hibiscus cannabinus, a cousin plant to industrial hemp) for us already,” says David Schmitt, COO of Hemp, Inc.’s subsidiary, Industrial Hemp Manufacturing, LLC. Schmitt also mentioned John Finch received the National Supervisor of the Year Award, last year, during the NC Association of Soil & Water Conservation Districts 71st Annual Meeting.

Bruce Perlowin, CEO of Hemp, Inc. said, “We are proud to collaborate with other American industrial hemp farmers as we now become part of the modern industrial hemp farming movement. This is a turning point for America and it’s a turning point for Hemp, Inc. Hemp, Inc. has the infrastructure in place to process millions of pounds of hemp fibers and stalks a year, on a commercial level. Our 70,000 square foot industrial hemp processing facility, on over 9 acres in Spring Hope, North Carolina, is the only one of this magnitude in North America. The industrial hemp crop is part of history in the making and it is something that will prove to be lucrative not only for the farmers in North Carolina but for Hemp, Inc. as well.”

Hemp, Inc. Announces Plans To Cultivate 50 Acres Of Industrial Hemp In Spring 2017

NORTH CAROLINA: Hemp, Inc. executives report that its wholly owned subsidiary, Industrial Hemp Manufacturing in Spring Hope, North Carolina is set to grow 50 acres of industrial hemp next door to their NC processing plant in the Spring of 2017.

According to a company news release, the Spring planting of industrial hemp hinges on the North Carolina Industrial Hemp Commission (NCIHC) establishing the rules and regulations for the state’s agriculture program to grow or cultivate industrial hemp. While the Commission has not yet announced a date of when the rules and regulations will be established or released, farmers across the state are hopeful it will be in time to plant hemp during the Spring next year. With more families “going green,” farmers see more lucrative opportunity in the environmentally sustainable hemp crop than with any other crop.

Hemp Inc CEO Bruce Perlowin said, “Not only are we excited at the possibility to grow our own 50 acres of hemp in the Spring, we are also partnering with land owners and farmers across North Carolina to grow hemp, such as the 1,500 acres we announced in a previous press release, while we complete the final stage of bringing our multi-purpose industrial hemp facility in North Carolina online. We’ve planted Kenaf successfully. Now we are ready for hemp.”

To see the video of America’s largest hemp processing facility (70,000 square feet under roof, on 9 acres) and 60-foot silo installation, click here.

While the company is looking forward to growing hemp on its 50 acres, Perlowin said the company will continue to plant Kenaf in 2017 if the Commission has not set official procedures in place by the Spring. “This year, we are growing 420 acres of Kenaf in several counties in North Carolina… providing revenues to several farmers throughout the state,” said Perlowin.