Business
Hemp Inc. Reports Third Quarter Results and Removal of “Yield” Sign
Hemp Inc. Reports Third Quarter Results and Removal of “Yield” Sign.
About this update from Hemp, Inc.
[{"type":"text","content":"\n Las Vegas, NV, Nov. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hemp Inc. (OTC PINK: HEMP), a leading hemp company committed to providing high-quality, grown in the USA hemp products, reported third quarter financial results for the period ending September 30, 2022. In addition, Hemp, Inc. has been working diligently with OTC Markets in the removal of the “Yield” sign and on November 2, 2022 was successful in getting the Company “Current” per OTC Market guidelines. Total sales for the nine months ended September 30, 2022 increased approximately 315% compared to sales for the nine months ended September 30, 2021. The increase was primarily due to the demand in its CBD products offered through its website KingOfHempUSA.com and continued growth in its industrial oil absorbing products. Hemp, Inc. has manufacturing facilities in Spring Hope, NC and Las Vegas, NV, offering two distinct product lines.   The Las Vegas facility produces some of the best cannabinoid products available and at extremely attractive prices, and has recently added a monthly subscription service. Hemp Inc. offers several product lines which may contain CBD, CBDA, CBG, CBGA and CBN. These are non-psychoactive compounds found in cannabis plants. CBD is known for pain relief, relaxation, and anxiety relief. Adding CBG to CBD is known to enhance pain relief. CBN is known for helping one to fall asleep, and when combined with CBD and CBG (as we do in our products), it relaxes, reduces anxiety, reduces pain and assists in securing a better night’s sleep. There is a plethora of benefits related to these non-psychoactive cannabinoids. Hemp Inc.’s CBD/CBG Tinctures are made from hemp isolate (99% pure), fractionated organic coconut oil (MCT oil) and USP grade β cyclodextrin (BCD), which increases the body’s ability to quickly absorb the cannabinoids in the intestines. This same tincture (minus the BCD) is used in Hemp Inc.’s Coffee Enhancer.  Hemp Inc. also has a potent Pain Relief Roll-on that has received rave reviews from users. For people who prefer capsules, Hemp Inc. offers CBDA/CBGA capsules, CBD/CBG capsules, as well as CBD/CBG/CBN capsules. Hemp, Inc. has an 85,000 square-foot facility on over 9 acres in Spring Hope, N.C. which produces Spill-Be-Gone™ and Drill-Wall™.&...