Business
Hemp, Inc. Signs Contract with HQ Global Education, Inc. to Plant 25 Acres of Hemp
Hemp, Inc. Signs Contract with HQ Global Education, Inc. to Plant 25 Acres of Hemp.
About this update from Hq Global Education Inc
[{"type":"text","content":"\nSpring Hope, North Carolina, June 14, 2018 (GLOBE NEWSWIRE) -- Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest multipurpose industrial hemp processing facility in the western hemisphere, announced today that Hemp, Inc. has signed a contract with HQ Global Education, Inc. (OTC:HQGE) to plant 25 acres of industrial hemp. The hemp, to be planted this month, will be grown and cultivated on land operated by Hemp, Inc. and is expected to yield 4,000 pounds of hemp per acre or a total 100,000 pounds of high cannabidiol (CBD) hemp biomass.  This is the first step in the collaboration between HQGE and Hemp, Inc. to grow premium hemp for the purpose of developing high quality CBD isolates and/or distillates and/or hemp-related products for Business-to-Business and possible Business-to-Consumer marketing.\n Due to an increase of demand for high-quality CBD and hemp-related products, HQGE executives plan to contract a minimum of another 25 acres with Hemp, Inc. after the successful planting of the first 25 acres. This initial cultivation of hemp will be processed using Hemp, Inc.’s NuAxon Tech CO2 Supercritical Extractor which is housed in Hemp, Inc.’s 85,000-square foot facility in Spring Hope, North Carolina. Planting is expected to occur before the end of the month and should be ready for harvest by late August/early September 2018. The CBD extraction will begin immediately upon the harvesting and drying of the fully mature hemp harvest.  HQGE and Hemp, Inc. (OTC:HEMP) announced in March that they would be creating a joint venture between the two companies, in which HQGE will produce and distribute high-end, hemp-rich and highly customizable CBD formulas for the CBD industry using Hemp, Inc.’s NuAxon Tech CO2 Supercritical Extractor. Hemp, Inc. is also providing ongoing consulting services in the hemp-CBD market, specifically in the areas of growing high-quality organically-grown CBD-rich hemp, and harvesting, extracting and creating a variety of high-end CBD products. “We look forward to furthering our relationship with HQGE as they expand their footprint in the hemp CBD market,” said Hemp, Inc. CEO Bruce Perlowin. “The CBD industry in the United States has enormous growth potential, especially as more states conti...