1 November 20016

Here’s the press release in full

LAS VEGAS, NV–(Marketwired – Oct 31, 2016) – Hemp, Inc. (OTC PINK: HEMP) is pleased to update shareholders that its wholly owned subsidiary, Industrial Hemp Manufacturing, LLC (IHM), in Spring Hope, NC, has signed a Letter of Intent (LOI) with BioRegen Innovations Cooperative, a cooperative enterprise of farmers, industry experts and seed breeders. BioRegen seeks to build bio regenerative communities throughout the state of North Carolina. According to the signed LOI, Industrial Hemp Manufacturing, LLC (IHM) will purchase the raw hemp that is to be harvested from BioRegen’s land in eastern North Carolina, approximately seventy-five miles from Hemp, Inc.’s 70,000 square foot multi-purpose industrial hemp processing facility in Spring Hope, North Carolina. The industrial hemp crop is to be grown on between 1,000 and 1,500 acres of land and harvested toward the end of next year, 2017.

“Our LOI with BioRegen is quite momentous. First, this will be one of the first legal crops of industrial hemp to be grown in North Carolina since it was legalized last year. Second, with our commercial industrial hemp processing facility in Spring Hope, NC, we can process millions of pounds of hemp fibers and stalks to be incorporated into thousands of products used for clothing, plastic composites, construction material such as hempcrete, paper, biofuel, absorbent materials and more. Instead of leaving the stalk in the fields to be wasted, or in some cases burned thereby polluting the environment, we have the infrastructure in place to take that wasted fiber and process roughly forty million pounds per year… and that’s just with our Temafa decortication line. Our mill can also process the same amount per year so we’re looking at a whopping 80,000,000 pounds of fiber and core that can be processed and we are the only ones in America with that capability,” said Perlowin.

To see 1-minute daily video updates (from Hemp, Inc. CEO Bruce Perlowin) on the final phases of completion of Hemp, Inc.’s 70,000 square foot industrial hemp processing facility and milling operation and other developments, click here. (Remember to scroll down to see the other videos of this historical event of building an American industrial hemp processing facility and factory from the ground up.)

David Schmitt, COO of Hemp, Inc.’s wholly owned subsidiary, Industrial Hemp Manufacturing, LLC said, “I believe this will be a turning point for not only our company, but for the state of North Carolina and America. We already have the infrastructure to grow industrial hemp in the short run. The NC Industrial Hemp Commission is now able to define the rules and regulations for growing industrial hemp. This industrial hemp crop is part of history in the making and I believe it will be a very lucrative venture for both parties.”

Schmitt went on to say that the decortication facility is in the final stages of completion and should be operational very soon. Partnering with landowners across America, coupled with having the ability to process industrial hemp at Hemp, Inc.’s industrial hemp processing facility will provide unlimited business opportunities for the company.

To see 1-minute daily video updates (from Hemp, Inc. CEO Bruce Perlowin) on the final phases of completion of Hemp, Inc.’s 70,000 square foot industrial hemp processing facility and milling operation and other developments, click here. (Remember to scroll down to see the other videos of this historical event of building an American industrial hemp processing facility and factory from the ground up.)

Moreover, the NC Industrial Hemp Association (NCIHA) is also revving up to see industrial hemp production in the state. Through joint efforts with BioRegen Innovations Cooperative, NCIHA’s initial operating expenses of $200,000 have been raised to fund and form the NC Industrial Hemp Commission so NCIHA is now looking forward to the probability of a 2017 hemp crop. The first board meeting of the N.C. Industrial Hemp Commission is to be held November 1, 2016 in Raleigh, NC. To join NCIHA, click here.

It’s no wonder the resurgence of industrial hemp has been sweeping the nation. Hemp is the number one biomass producer on planet. It’s anti-microbial, anti-mildew, naturally UV resistant, and readily takes on eco-safe plant-based dyes. This raw material has been around for thousands of years with the production of it originating in Central Asia thousands of years ago. Its use is evident in almost all ancient, and many modern civilizations. In fact, the oldest surviving piece of paper in the world, discovered in China, dating back over 2000 years ago, was made from hemp.

To see 1-minute daily video updates (from Hemp, Inc. CEO Bruce Perlowin) on the final phases of completion of Hemp, Inc.’s 70,000 square foot industrial hemp processing facility and milling operation and other developments, click here. (Remember to scroll down to see the other videos of this historical event of building an American industrial hemp processing facility and factory from the ground up.)

While Hemp, Inc.’s primary focus remains on bringing its 70,000 square foot industrial hemp processing facility online, the company can see there are lucrative opportunities in not only growing hemp but also growing hemp specifically for CBDs. “While processing hemp is part of our strategic business model, we’re really excited to grow hemp for the CBD marketplace,” said Perlowin.

“Cannabis plants bred for industrial hemp produce high levels of cannabinoid, or CBD. We can separate the hemp plants from the flowering plants to isolate them for their medicinal properties. We believe this to be a great opportunity for Hemp, Inc. and capitalize on so we look forward to partnering with landowners across America,” said Schmitt.

With the country’s largest industrial hemp processing facility and milling operation underway, Hemp, Inc. (OTC PINK: HEMP) is strategically positioned as the leader of the re-emerging industrial hemp industry to process industrial hemp and manufacture products made from hemp, as well as Lost Circulation Material (LCM) and other absorbent materials. “We believe this election could be life changing for the industrial hemp industry. America has an industrial hemp processing facility in its own backyard.”

http://www.marketwired.com/press-release/hemp-inc-subsidiary-signs-letter-intent-purchase-1000-acres-hemp-from-1st-hemp-crop-otc-pink-hemp-2170898.htm