Hemp, Inc. (HEMP) Consultant Agreement With HQ Global Education, Inc. to Further Company’s Hemp CBD Extraction Infrastructure

 Hemp, Inc. (OTC PINK: HEMP), a global leader in the industrial hemp industry with the largest hemp mill in the western hemisphere, announced today that the Company’s signed consulting agreement with HQ Global Education, Inc. (HQGE), a scientific research development company, will support Hemp, Inc.’s efforts to further build out its hemp cannabidiol (CBD) extraction infrastructure. HQ Global Education, Inc. is in final negotiations to purchase a customized, state-of-the-art CBD extraction machine to be housed in Hemp, Inc.’s multi-purpose industrial hemp processing facility in North Carolina, as announced in their press release yesterday.

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 multi-purpose industrial hemp processing facility in Spring Hope, North Carolina. The hemp industry is projected to grow 700% and hit $1.8 billion by 2020, according to Hemp Business Journal.

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 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 an HQ Global Education, Inc. CBD extractor.

HQ Global Education, Inc.’s exclusive educational database is one of the largest and valuable resources in the industry, reporting on thousands of hours of research that have been accumulated, tested and verified by professionals in the field. HQGE’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.

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.

“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,” said Hemp, Inc. CEO Bruce Perlowin. “HQGE will also be working directly with Hemp, Inc. to grow its own hemp beginning in the 2018 growing season.  This will provide them with their own product to process in addition to what it sources from other farmers across the country.”

Perlowin continued, “Hemp, Inc. will share with HQ Global Education, Inc. our 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.”

CBDs and industrial hemp are on the rise to the top (per price/per pound) and will keep trending up according to Perlowin as he spoke to a large audience at Cannatech, which concluded yesterday in Tel Aviv, Israel.  Perlowin was one of many speakers at one of the most innovative international summits, Cannatech Tel Aviv 2018: The Big Picture, that was held March 19-20, 2018. (To see one-minute video clips of Bruce Perlowin speaking, visit Perlowin’s personal Facebook page and scroll down to March 18-20, 2018.)  The event included incredible presentations from the biggest thought leaders of this industry.  Perhaps one of the highest profile advocates for medical cannabis was Montel Williams, Emmy Award winning television personality, inspirational speaker, author, entrepreneur, and advocate for patients worldwide. He has used medical cannabis products to effectively manage the symptoms of his Multiple Sclerosis (MS) since his diagnosis with the disease in 1999.