Business
HQGE Enters CBD Extraction Industry and Announces Two-Pronged Revenue Approach
HQGE Enters CBD Extraction Industry and Announces Two-Pronged Revenue Approach.
About this update from Hq Global Education Inc
[{"type":"text","content":"\n\n LOS ANGELES, CA, March 20, 2018 (GLOBE NEWSWIRE) -- HQ Global Education, Inc. (OTC:HQGE), a Delaware Corporation, announced today that it is in final negotiations to purchase a customized, state-of-the-art CBD extraction machine which will be housed in Hemp, Inc.’s 85,000 square foot facility in North Carolina.\n During this first year, HQGE will be deriving its income from two main sources: Sales of high-quality customized CBD formulations and subscription-based revenues from its exclusive CBD database generated by its proprietary web crawler. In today’s market, demand greatly exceeds the supply for high-quality clean CBD oil, and the company anticipates having more business than it can handle. Each extractor has the capacity to process up to 500 lbs. per day. On a 5-day week that equals 120,000 lbs. per year (54,431,084 Grams). By yielding around 10% and selling for about $2.50 a gram for clean oil, we believe our potential gross revenues to be significant, even considering potential downtime for maintenance, repair and changeovers In addition, the company’s proprietary CBD database is a primary source of highly coveted up-to-date information required by CBD manufacturers, distributors and researchers in order to create the proper strains for their formulations. In its first year, HQGE expects to attract a minimum of 1,000 business-to-business subscribers @ $299/month. These numbers are tentative and subject to changes, depending on how quickly the company adds new extractors and subscribers. HQGE also announced that the company has agreements in place to work directly with Hemp, Inc. to grow its own hemp beginning in the 2018 growing season, thereby providing the company with its own product to process in addition to what it sources from other farmers across the country. Luis Proetta, CEO of HQGE commented, \"The opportunity between our company and Hemp, Inc. could not have come at a better time with more states adopting every year. We are beyond excited for the future of this business and we look forward to a prosperous road ahead for every stakeholder involved.” ABOUT HQGE HQGE is a Delaware corporation dedicated to being the leader in data gathering, intelligence and education for the industrial CBD industry in America, and to becoming a major processor and distributor of the highest grade CBD ...