SOURCE: Hemp, Inc.

Hemp, Inc.

November 17, 2015 14:15 ET

U.S. Hemp Fiber Sale Agreement Announced by Hemp, Inc.

Hemp, Inc. (OTC PINK: HEMP) Announced Today That It Has Entered Into a Definitive 5-Year Term Agreement to Sell Its Industrial Hemp Fiber

LAS VEGAS, NV--(Marketwired - Nov 17, 2015) - Hemp, Inc. (OTC PINK: HEMP) announced today that it has entered into a definitive 5-year term agreement to sell its industrial hemp fiber from its decortication plant in North Carolina to a premium hemp denim apparel company, Hemp Blue. Hemp Blue, Inc. specializes in environmentally friendly clothing and advocates for the return of agricultural hemp as a sustainable crop in the United States. Hemp Blue will purchase the raw hemp fiber for the production of its hemp denim fabric and manufacture their hemp denim apparel line in the United States all from hemp grown in the United States.

Hemp, Inc.'s subsidiary, Industrial Hemp Manufacturing, LLC, is in the final phases of bringing a raw kenaf/hemp processing plant online in North Carolina and is expected to be operational early 2016 for the processing of kenaf, and expects to be operational for hemp processing in the third or fourth quarter of 2016. The company has already started marketing the industrial hemp raw materials they will be producing at its multipurpose industrial hemp decortication plant, with Hemp Blue, Inc. as its first hemp customer.

Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP), said, "This is part of our long term planning. Many people were confused by the decision to place our kenaf/hemp processing plant in a farming region of North Carolina. Now that North Carolina has legalized the growing of hemp, the long term benefits of the location are obvious. I've known Hemp Blue's Co-Founder, Robin Lane, since we were school-aged, so we go back quite some years. Hemp, Inc. has invested in Hemp Blue because we believe that Hemp Blue has the potential to be a real player in the blue jeans market, and they may become the first company since Levi Strauss to make blue jeans in the United States out of US grown hemp, fabricated in the United States."

Perlowin continued, "Hemp Blue is a startup and we are encouraging everyone to support them by visiting their website www.hempblue.com and checking out their Kickstarter campaign. Their informative video on industrial hemp is one of the best videos I've seen in our industry. Not only are they socially conscious, but they also give 10% of their profits to organizations that fight for the legalization of hemp in the United States."

Robin Lane, Co-Founder of Hemp Blue, says in her video, "Hemp has been feeding, clothing, sheltering, healing and moving people for over 10,000 years. It's one of the most versatile and sustainable crops man has ever grown and growing it heals the earth. Every garment symbolizes Hemp Blue's fight for the legalization of industrial hemp farming in the USA to manufacture sustainable fashion made in America. Hemp Blue represents our fight for the legalization of hemp as a legal resource in the USA and the whole world. We are starting the movement towards a more sustainable future. Our goal, with the help of Kickstarter, is to make all collection pieces only of hemp."

The eco fashion brand has three major goals: (1) Spread the message about all the different benefits of hemp for the earth and for the people; (2) Support the movement to legalize industrial hemp farming in the US and donate to organizations fighting for that same cause; and, (3) Become the first denim collection to make AMERICAN grown hemp denim.

According to Hemp Blue's Kickstarter campaign, jeans are not just a pair of pants and hemp is not just another plant. It's a movement. A great pair of jeans blends comfort, fashion, good looks, and style with a dash of sex appeal. Jeans are a staple. Like a great bottle of wine, jeans only get better as they age. Every tear, fade, and stretch adds to their character. Similarly, hemp is not just another fibrous plant. Used by mankind for centuries, this miracle of nature can be used to clean up oil spills, build energy efficient homes, create sustainable plastics, and its seeds are undoubtedly one of the world's most promising super foods.

When woven into fabric, the magic continues. Hemp fabric is strong, breathable, absorbent, and has amazing anti-microbial properties. The power of jeans and hemp! That's what Hemp Blue is all about.

Hemp Blue has completed their initial collection and we recommend others to click here to become an early adopter of the Hemp Blue family of the first high-end, high-quality hemp denim jeans for men and women with high-end hemp fabric currently sourced from Italy, Japan, and Thailand.

"We applaud Hemp Blue, Inc. for making a prudent economic decision in signing a long-term contract today to assure their supply of American grown hemp for years to come," said Perlowin. "These are the kind of long-term, cutting edge companies that we believe will not only provide substantial revenue to Hemp, Inc., by purchasing our fiber, but also add great value to Hemp, Inc. Based on the fact that we are a shareholder in Hemp Blue, Inc., this is a double win for Hemp, Inc.

"We are asking all of our shareholders to support Hemp Blue and Hemp, Inc. by being among the first to own to purchase one of Hemp Blue's current collection from their Kickstarter campaign. In this way, a shareholder can be an active participant in keeping their company growing. Shareholders are also encouraged to purchase our other products at Hempify.com. I believe this is sound advice... to participate and not be passive observers but rather active participants in order to continue moving American grown hemp forward," concluded Perlowin.

SUBSCRIBE TO HEMP, INC.'S VIDEO UPDATES
"Hemp, Inc. Presents" is capturing the historic, monumental re-creation of the hemp decorticator today as America begins to evolve into a cleaner, green, eco-friendly sustainable environment. What many see as the next American Industrial Revolution is actually the Industrial Hemp Revolution. Join "Hemp, Inc. Presents" and join the hemp revolution.

Watch as Hemp, Inc., the #1 leader in the industrial hemp industry, engages its shareholders and the public through each step in bringing back the hemp decorticator as described in the "Freedom Leaf Magazine" article "The Return of the Hemp Decorticator" by Steve Bloom. Freedom Leaf Magazine, a leading cannabis industry magazine is published by the public company, Freedom Leaf Magazine, Inc. (OTC PINK: FRLF). "Hemp, Inc. Presents" is accessible 24 hours a day, 7 days a week, by visiting www.hempincpresents.com. To subscribe to the "Hemp, Inc. Presents" YouTube channel, visit: https://www.youtube.com/user/HempIncPresents/feed.

Subscribers will automatically get an email from YouTube every time a new Hemp, Inc. video update is posted along with suggestions of other similar videos. Stay up-to-date with the progress of Hemp, Inc.'s multipurpose industrial hemp processing plant while being educated on the industrial hemp industry. Our video update views are collectively reaching over a thousand views per week. Stay informed by subscribing to Hemp, Inc.'s video updates. Hemp, Inc. is positioning itself to be the avant-garde of the industrial hemp industry.

HEMP NATION MAGAZINE

HempNationMagazine.com (HNM) is published by Hemp, Inc. and focuses on informing, educating, raising awareness and connecting the public to the powerful world of HEMP. HNM reports on Politics, Industrial Growth, Banking, Distribution, Medical, Lifestyles and Legalization. HNM is your source for all things HEMP and news about this emerging multi-billion dollar industry. For more information on HNM, visit www.HempNationMagazine.com.

HEMP, INC.'S TRIPLE BOTTOM LINE

Hemp, Inc. (OTC PINK: HEMP) seeks to benefit many constituencies from a "Cultural Creative" perspective, thereby not exploiting or endangering any group. CEO of Hemp, Inc., Bruce Perlowin, is positioning the company as a leader in the industrial hemp industry, with a social and environmental mission at its core. Thus, the publicly traded company believes in "up streaming" a portion of its profits back to its originator, in which some cases will one day be the American farmer -- cultivating natural, sustainable products as an interwoven piece of nature. By Hemp, Inc. focusing on comprehensive investment results -- that is, with respect to performance along the interrelated dimensions of people, planet, and profits -- the triple bottom line approach can be an important tool to support its sustainability goal.

SAFE HARBOR ACT

Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate", "if", "believe", "plan", "estimate", "expect", "intend", "may", "could", "should", "will", and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • COMPANY CONTACT:
    Hemp, Inc.
    (855) 436-7688
    info@hempinc.com
    http://www.hempinc.com
    www.hempnationmagazine.com

    FOR INVESTOR RELATIONS/SHAREHOLDER INFO, CONTACT:
    Pacific Equity Alliance, LLC
    Zachary R. Logan
    Drew S. Phillips
    Direct: 858.886.7237
    info@pacificequityusa.com