LAS VEGAS, Feb. 24, 2014 (GLOBE NEWSWIRE) -- Hemp, Inc. announces the arrival its first shipment of hemp hearts into the U.S. from its hemp crop in the Gansu Province of Northwest China. The hemp crop, which was planted back in 2013, yielded over 40,000 kg of hemp seeds and over 35,000 kg of raw fiber. The shipment is expected to be delivered to Hemp, Inc. corporate headquarters, in Las Vegas, NV, on Tuesday, February 25, 2014. Hemp, Inc. plans to test market the hemp hearts to wholesalers as well as retailers and find the best distribution channels.
CEO, Bruce Perlowin stated, "This announcement underscores Hemp, Inc.'s leadership and commitment of delivering a new, unique flavor to consumers. We believe consumers will find the bold taste and subtle texture superior to what is currently availabe in retail chains such as Whole Foods Market and other nutritional health food stores." He continued, "The new, green American Industrial Revolution is underway and we're building upon the tremendous momentum we've established over the past couple of years. This first shipment marks a new juncture for the industrial hemp industry."
With this first shipment, the Yasheng Group (Hemp, Inc.'s partner) has exceeded Hemp, Inc.'s expectations, but that came as no surprise. The Yasheng Group is one of China's leading producers and was contracted by Hemp, Inc. to cultivate and process 108 acres of industrial hemp. The Yasheng Group is a high-growth diversified China-based agriculture conglomerate with headquarters in the U.S. However, the Yasheng Group conducts business operations in China in three major segments: agriculture, livestock, and biotechnology. Its six major product segments including hemp has been growing for Fortune 500 companies for over 30 years.
The hemp hearts contain beneficial Omega 3, 6 and 9 fatty acids and cannabinoids, or CBDs, a non-toxicating group of compounds with proven medical benefits and no serious contraindications. The potential revenue from the finished product, according to Hemp, Inc. executives, is substantial. "Retail value of this particular harvest, in seed alone, could be well over $2,000,000," says Perlowin. "Society is 'rediscovering' the benefits of hemp as it continues to emerge from the fog of prohibition and prevail. It is wave of the future," says Hemp, Inc. CEO, Bruce Perlowin. "The antimicrobial and antibacterial attributes of the hemp plant, make for a sustainable crop that is useful in every aspect."
Hemp, Inc. is currently in negotiations to contract the Yasheng Group to grow an expanded 2014 hemp crop. The intent is for both companies to consummate a deal before the end of the month.
ABOUT HEMP, INC.
Hemp, Inc. (OTCBB:HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. Hemp, Inc. (OTCBB:HEMP) is not involved in the cultivation or marketing of medical marijuana. It is the company's belief that legalization of hemp in all 50 states and at the federal level (which is now possible with the passage of the 2014 Farm Bill) will come to pass. With that in mind, the company is building infrastructure with the potential to gain substantial market share before and after industrial hemp prohibition totally ends. (Pending any federal licensing or other requirements, that may be enacted after hemp prohibition totally ends).
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Hemp, Inc. to be materially different from the statements made herein.
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