LAS VEGAS, NV, July 18, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE —
Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with bi-coastal processing centers including the 85,000 square-foot multipurpose industrial hemp processing facility in Spring Hope, North Carolina, a state of the art processing center in Medford, Oregon, and a 500-acre hemp growing Eco-Village in Golden Valley, Arizona, announced today the Company has been featured in the Mohave Daily News and CBD Today.
The Mohave Daily News article titled “”Hempathon” contest planned for Golden Valley” explores the Hempathon in Golden Valley, Arizona and what participants of the historical and unique contest can expect. During the interview with the publication, CEO of Hemp, Inc. Bruce Perlowin, discusses the various aspects of the Hempathon, cost, production expectations and more. Additionally, Perlowin informed the publication that Arizona is slower than expected at delivering the licenses and the start date for the Hempathon will be announced when the location is fully-licensed.
In a quote utilized by the publication, Perlowin is quoted saying, “This is an opportunity for those who are directly involved or would like to be involved in the hemp industry to get seen, be heard and get started.”
Hemp, Inc. was also featured in CBD Today in an article titled “Hemp, Inc. Seeking Agriculture Suppliers and Farmers for Hempathon Event” regarding the news the Company is seeking agriculture suppliers and farmers for the Hempathon. The article describes how the Hempathon will impact hemp and traditional farmers. It also describes why being part of the contest would be beneficial to various companies involved.
A quote from the original press release that is included in the article states, “This is an opportunity for those who are directly involved or would like to be involved in the hemp industry to get seen, be heard, and get started. We have never heard of an opportunity like this before, and if it were presented to me as a supplier of anything that has to do with hemp, farming or gardening, I would surely take advantage of this.”
The industrial hemp industry and Hemp, Inc.’s foothold in that industry continues to grow. “We have fundamentally changed how we run our company to focus on building a hemp infrastructure since none existed previously. We’ve invested heavily to build an infrastructure, which currently consists of 10 divisions, as you’ll read below,” says Perlowin. He also noted the company’s increased revenue growth.
Overall, sales increased from $107,002 in 2017 to $1,960,754 in sales for 2018, showing a quarter-on-quarter increase for the year of 2018. Sales by quarter for the year were $96,498 for the 1st quarter; $108,100 in sales for the 2nd quarter; and $159,750 sales in for the 3rdquarter, with a remarkable $1,596,406 for the 4th quarter. Operating expenses rose only 72% percent from the previous year. Full-year sales for 2018 of $1,960,754 represented an increase of over 1,800% over the previous year.
“This steady increase is indicative of the industry’s growth and this year will be the breakout year for Hemp, Inc. We’re hitting the market hard with massive revenues generated from massive sales,” concluded Perlowin.
Read the Mohave Daily News article “”Hempathon” contest planned for Golden Valley.”
Read the CBD Today article “Hemp, Inc. Seeking Agriculture Suppliers and Farmers for Hempathon Event.”
To see 1-minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all of Hemp, Inc.’s activities around the country.
THE GREAT AMERICAN HEMPATHON
The Great American Hempathon in Golden Valley, Arizona creates joint ventures with growers and provides each grower with a five-acre parcel or up to 10 acres to plant on, and includes the planting, maintaining, harvesting, and processing of hemp plants. The Hempathon will be situated on a 500-acre ecovillage, with 300 acres designated for growing hemp. (According to executives, the best days for planting are now through August 15, 2019.)
It costs $10,000 to participate in The Great American Hempathon and winners will share up to $100,000 in prize money, in a variety of categories. Five acres have the possibility to produce up to a million dollars or more of net profit. This joint venture arrangement would be a sixty-forty revenue split with the Company.
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