Business
Hemp, Inc. Settles Longstanding Lawsuit with Securities and Exchange Commission (SEC) - Final Update
Hemp, Inc. Settles Longstanding Lawsuit with Securities and Exchange Commission (SEC) - Final Update.
About this update from Hemp, Inc.
[{"type":"text","content":"\n Las Vegas, NV, June 07, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hemp, Inc. (OTC PINK: HEMP) announces today that after the long-standing 5 year-old SEC civil case, the final filing has been completed and the Company is moving forward.  Hemp, Inc. and Bruce Perlowin agreed to settle the civil suit against them without admitting or denying the SEC’s allegations.  Perlowin has transitioned from CEO to Chief Visionary Consultant (CVC) and while he no longer manages the day-to-day tasks of the company, he remains the true visionary Hemp, Inc. shareholders have come to admire and respect. The Company remains committed to its longstanding goals and is aggressively moving forward and continues to add new blood and new ideas to the management of the company. Hemp, Inc. has expanded its knowledge base by bringing in a new CEO and new members of its Board of Directors. What is Hemp, Inc.? What is Hemp, Inc.? With a deep-rooted social and environmental mission at its core, Hemp, Inc. seeks to build a business constituency for the American small hemp farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. The Company is on a mission to be a powerful engine for social change and economic revival, worldwide, by providing hemp products that are eco-friendly, sustainable and healthy. Hemp, Inc. executives believe there can be tangible benefits reaped from adhering to a corporate social responsibility plan. HEMP, INC.’S ELEVEN DIVISIONS It has been Hemp, Inc.’s intent to continually invest in building its hemp infrastructure, especially since none existed previously. In fact, the Company has instinctively been following the same path as Amazon… reinvesting profits and operating capital back into building the infrastructure. This is a business strategy that has been proven and works well. All the years leading up to this point were building and finishing the largest hemp infrastructure in America.  Now the Company is focusing 90% of its efforts on marketing and generating revenues. Hemp, Inc.’s eleven divisions are as follows: Division One –            The Industrial Hemp Infrastructure Division Two –  ...