Expo attendees discussed how hemp-derived, full-spectrum phytocannabinoid products could contribute to a $140 billion industry focused on health-and-wellness products, reported The Cannabist, adding that many equate the growing popularity of cannabinoids to the emergence of the Vitamin C or fish oils craze that continues to penetrate the worldwide health-and-wellness marketplace.

“As more people become educated about the many uses and benefits of CBD, it is no surprise that it is being heralded as the next big thing to dominate the natural products market,” said Hemp, Inc. CEO Bruce Perlowin. “Recognizing the growing demand for hemp-derived CBD, Hemp, Inc. has strategically positioned itself to be on the forefront of this industry through its investment in the Company’s hemp CBD extraction infrastructure and focusing on strategic partnerships with operators throughout the United States.”

In August 2017, Hemp, Inc. announced the official launch of its NuAxon Tech CO2 Supercritical Extractor. On Nov. 2, 2017, Hemp, Inc. announced the delivery of its advanced CBD hemp oil extraction post-processing equipment, thus completing the Company’s hemp oil extraction infrastructure. Hemp, Inc. announced its consulting agreement with scientific research development company HQ Global Education, Inc. on March 13, 2018. The agreement between Hemp, Inc. and HQ Global Education, Inc. is the first step toward executing Hemp, Inc.’s strategic plan to have a joint venture between the two companies wherein Hemp, Inc. will house and operate a HQ Global Education, Inc. CBD extractor.

“The business synergies that will be realized between Hemp, Inc. and HQ Global Education, Inc. through this consultant agreement are paramount to our ongoing efforts to identify and align with strategic partners that will allow us to meet the rapidly growing demand for hemp-derived CBD oil and other products.  Hemp, Inc. will share with HQ Global Education, Inc. its proven expertise in the areas of growing high-quality organically-grown CBD-rich hemp, harvesting, extracting and creating a variety of high-end CBD products for its business and partnerships in the industry,” said Perlowin.

Per the consulting agreement in cooperation with Hemp, Inc., HQ Global Education, Inc. intends to become a leading provider of the highest-quality customizable extractions of CBD oil to this rapidly growing industry.  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.

Hemp, Inc.’s long-term strategy is to build the world’s largest hemp oil extraction infrastructure by creating joint ventures with multiple companies to house and operate their CBD extraction equipment in its 85,000-square foot facility in Spring Hope, North Carolina.

ABOUT 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 farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. As a leader in the industrial hemp industry with ownership of the largest commercial multi-purpose industrial hemp processing facility in North America, Hemp, Inc. believes there can be tangible benefits reaped from adhering to a corporate social responsibility plan.