Hemp, Inc.’s IHMMCC Signs Agreement With VaporBrands, International
LAS VEGAS, NV–(Marketwired – Nov 5, 2014) – Hemp, Inc.’s (PINKSHEETS: HEMP) wholly owned subsidiary, The Industrial Hemp and Medical Marijuana Consulting Company, Inc. (IHMMCC), is pleased to announce that it has signed a consultant agreement with VaporBrands International, Inc. (PINKSHEETS: VAPR), a leading company focused on the development and ownership of electronic cigarette brands. Per the Consultant Agreement, IHMMCC will provide product distribution, professional sales and marketing services, and sales representation for VaporBrands to the medical marijuana and industrial hemp industries, as well as source partnerships for international expansion and other traditional channels of distribution.
The much-anticipated collaboration between the two companies is off to a good start, according to Bruce Perlowin, CEO of Hemp, Inc. (PINKSHEETS: HEMP). “The goal is to further establish partnerships for VaporBrands to help internationalize their reach and presence.”
The consultant agreement signed on October 29, 2014 between Hemp, Inc.’s Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) and VaporBrands International, Inc. would assist VaporBrands International with the development and distribution of specialized marijuana vaporizing products with products to be sold, primarily, through existing medical marijuana dispensary networks and traditional outlets for electronic cigarettes in the non-medical cannabis market outlets.
Hemp, Inc. CEO, Bruce Perlowin commented, “We believe the future of the industry lies in electronic cigarettes with infused hemp oil high in cannabidiols (CBDs). There have been many companies with success in launching hemp oil electronic cigarettes so it’s definitely a very viable product.”
Perlowin contined, “E-cigarettes have triggered a fierce debate among health experts. Of course, proponents say they are a safer alternative to tobacco and in our opinion it is, which is why we believe the future wave will be hemp oil rich in CBDs. The media is a feeding frenzy… touting it as an extremely healthy product in an industry bound for success. Our experience in the industrial hemp and medical marijuana industry and VaporBrands’ expertise in the e-cig market is bar none so we are looking forward to a thriving partnership.”
Wendy Haviland, CEO of VaporBrands International, Inc. said, “We are excited to finally team up with Hemp, Inc. Their vast pool of resources and connections in the industrial hemp and medical marijuana industries are invaluable and the medical marijuana industry will not subside despite recent election results.”
While Florida did not pass Amendment 2, according to United for Care, a campaign run by People United for Medical Marijuana (PUFMM) in Florida, “the idea that marijuana is medicine and that those suffering and in pain should not be made criminals, received a larger share of the vote than the winner of the last six gubernatorial elections (if over 56) and every presidential campaign in Florida for decades.“
Regarding the new partnership with Hemp, Inc.’s IHMMCC, Haviland went on to say, “This partnership between two well-known, established brands and leaders in our respective industries comes at a time when these industries are on the verge of exploding with huge economic opportunities. We are excited to have Hemp, Inc. as our partner and are proud to welcome them to be associated with us.”
According to Hemp, Inc. CEO, Bruce Perlowin, IHMMCC has created a one-stop-shop for industry information, education, products and services, research and development, marketing, and channels of distribution for the industrial hemp and medical marijuana sector…which is what attracted VaporBrands International, Inc. to Hemp, Inc. Click here to see the reports of yesterday’s medical marijuana election results from USA Today.
“This strategic alliance is an extension of VaporBrands’ marketing strategy. By working with us, we expect VaporBrands International to gain significant global market share by delivering an integrated superior quality line of e-cigarettes. This is just the beginning of a lot of great things to come,” concluded Perlowin.
ABOUT HEMP, INC.
Hemp, Inc. (PINKSHEETS: HEMP) focuses on the vast market created by the quickly emerging, and growing, multibillion dollar industrial hemp industry. The company’s decortication plant is the only one of its magnitude in the United States, occupying its new 70,000 square-foot facility in Spring Hope, North Carolina… 30 miles away from its original location at the time of purchase. The purchase of the decortication plant also included 15,000,000 pounds of kenaf.
Additionaly Hemp, Inc. is no longer custom branding its previous hemp products for other companies, but has instead launched its own brand of hemp-based cosmeceuticals. Hemp, Inc. (PINKSHEETS: HEMP) is not currently involved in the cultivation or marketing of medical cannabis. (www.hempinc.com).
ABOUT THE INDUSTRIAL HEMP AND MEDICAL MARIJUANA CONSULTING COMPANY, INC.
The Industrial Hemp and Medical Marijuana Consulting Company (IHMMCC) is a wholly owned subsidiary of Hemp, Inc. (PINKSHEETS: HEMP) that pulls industry information from a vast network of specialists. IHMMCC is entrenched in all the multi-faceted opportunities in the medical marijuana and Industrial Hemp industry. (www.HempInc.com) Executives of IHMMCC are interviewing additional companies and expect considerably more to sign up with our community and network of companies in the coming weeks, and months.
ABOUT VAPORBRANDS INTERNATIONAL (PINKSHEETS: VAPR)
VaporBrands International, Inc. is a marketing and development partner for manufacturers of electronic cigarettes. Electronic cigarettes represent the future of smoking; they produce no smoke, tar, ash or offensive odor while containing about the same amount of nicotine as traditional tobacco cigarettes. Unlike traditional tobacco cigarettes, electronic cigarettes can be used in many public places currently restricted from smoking. VAPR intends to focus on creating opportunities for culturally relevant brands seeking to acquire significant market share in the rapidly growing “vaping” sector of the global marketplace.
Hemp, Inc.’s TRIPLE BOTTOM LINE
Hemp, Inc. (HEMP) seeks to benefit many constituencies, not exploit or endanger any group of them. Thus, the publicly-traded company believes in “upstreaming” of a portion of profit from the marketing of their finished hemp goods back to its originator. By Hemp, Inc. focusing on comprehensive investment results — that is, with respect to performance along the interrelated dimensions of people, planet, and profits — our triple bottom line approach can be an important tool to support sustainability goals.
SAFE HARBOR ACT
Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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