Business
HQ Global Education, Inc. Signs Contract with Hemp, Inc. to Plant 25 Acres of Hemp
HQ Global Education, Inc. Signs Contract with Hemp, Inc. to Plant 25 Acres of Hemp.
About this update from Hq Global Education Inc
[{"type":"text","content":"\nLOS ANGELES, CA , June 12, 2018 (GLOBE NEWSWIRE) -- HQ Global Education, Inc.  (OTC: HQGE) announced today that it has signed a contract with industrial hemp leader, Hemp, Inc. (OTC: HEMP), 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 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. Additional announcements and updates will be released in the coming weeks. HQGE and Hemp, Inc., 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 cannabadiol 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. Luis Proetta, CEO of HQGE commented, \"This planting will represent the next evolutionary step in our plan to capitalize on the exploding growth of the hemp-based CBD industry. The hemp industry is projected to grow 700% and hit $1.8 billion by 2020, which includes the all-natural, non-psy choactive supplement cannabidiol (CBD) that is derived from the industrial hemp plan...