KINGMAN, AZ, Jan. 23, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE – Hemp, Inc. (OTC PINK: HEMP) a global leader in the industrial hemp industry with bi-coastal processing centers, has announced that it will be opening The King of Hemp Store™, its flagship, brick-and-mortar retail store at 330 East Beale Street in Kingman, Arizona.
The soft launch of The King of Hemp Store™ will take place on Saturday, Jan. 25, 2020, with a Grand Opening to follow. The 5,000 square foot retail space will be utilized for the store within a former Wells Fargo building in the entertainment district of Kingman or “Old Town Kingman”. The store will carry hemp and cannabidiol (CBD) topicals such as lotions, creams, shampoo, conditioner, luxury gifts and items such as gemstone encrusted hemp candles, high-quality hemp CBD pre-rolls, as well as industrial hemp products like hemp string and hemp denim jeans.
“We are proud to offer a wide range of hemp products that reflect the commitment Hemp, Inc. has to furthering the hemp revolution that is sweeping the nation,” said Dwight Jory, who has worked with Hemp, Inc. in various capacities, including as Project Manager for the Veteran Village Kins Community Arizona, Inc. “This store will provide education about hemp and also spark new local employment opportunities.”
Mike Simmons, a well-known community member who has ran multiple successful businesses in the downtown area is assisting with the store opening and operations. “The King of Hemp Store will add to the vibrancy of the downtown entertainment district and we look forward to participating in the ongoing annual festivals that celebrate the environment and the arts,” Simmons said. “We are also planning our own community outreach programs to further educate the community and visitors about hemp.”
According to a report from Research and Markets, the global industrial hemp market is projected to grow from USD 4.6 billion in 2019 to USD 26.6 billion by 2025, recording a CAGR of 34%. The global CBD skin care market size is expected to reach USD 1.7 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 32.9% over the forecast period.
“The curated yet diverse range of products we are offering in our new retail store speaks to how versatile the hemp plant is,” said Hemp, Inc. CEO Bruce Perlowin. “We are thrilled to bring the Kingman community high-quality hemp products. Opening a store in Kingman is a testament to how committed we are to supporting and giving back to all of the places we operate in. The store will carry several brands of CBD products and pre-rolls as well as a large array of other CBD and hemp products.”
To see one-minute videos of Hemp, Inc.’s current activities, visit Bruce Perlowin’s personal Facebook page, where he shares daily posts of Hemp, Inc.’s activities around the country. Those interested in purchasing Hemp, Inc.’s pre-rolls should email firstname.lastname@example.org.
WHAT IS HEMP, INC.?
What is 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.
DAILY UPDATES ON FACEBOOK
Hemp, Inc. strives to be one of the most transparent companies in the public sector. To adhere to this company policy of transparency, CEO Bruce Perlowin posts 1-minute video updates daily on his personal Facebook page to give an inside look and behind-the-scenes footage of what Hemp, Inc. is doing on a daily basis. “We want them to know how the company is performing and what it is doing to reach its goals,” says Perlowin. To see 1 minute videos of Hemp, Inc.’s current activities, go to Bruce Perlowin’s personal Facebook page where he posts daily on all the activity Hemp, Inc. is doing around the country. (No other public company has this level of transparency than Hemp, Inc.)
THE UPCOMING DOCUSERIES
Hemp, Inc. entered into an agreement with 2 Manifest Studio, LLC, a Wyoming, Limited Liability Company (VED), to create a documentary and subsequent docuseries over the course of an estimated five years. Per the terms of the agreement, VED will create a feature length film and corresponding docuseries and other video materials about the history of hemp with a strong focus on Hemp, Inc. and other pioneers and companies that are leaders in the modern-day history of industrial hemp. The content will be wholly-owned by Hemp, Inc. 2 Manifest Studio Director Joseph Trivigno and his team have been tracking Hemp, Inc.’s progress, as executives meet with farmers throughout the country to document the company’s expansion into new markets. The documentary is expected to be released by 2020. The docuseries is expected to follow the film’s release. The film crew will also capture hemp developments in markets around the globe.
THE DIFFERENCE BETWEEN HEMP AND MARIJUANA
Hemp is completely different from marijuana in its function, cultivation and application. In cultivating marijuana, the plants are spaced far apart, and the male plants are destroyed to assure that they cannot seed the female plants, which would result in undesirable, less potent and less marketable, seeded marijuana buds. Hemp, on the other hand, is planted close together and commonly hermaphrodites, which creates an abundance of seeds, the main component of Hemp foods and supplements. The Hemp stalks are processed and used for fiber, composite, and other hemp based end products.
Hemp is used in variety of other applications that marijuana couldn’t possibly be used in. These include healthy dietary supplements, skin products, clothing, and accessories. Overall, hemp is known to have over 25,000 possible applications. Hemp products such as Hemp Milk, Hemp Cereal, and Hemp Oil are used by consumers every day.
For an excellent read on the difference between hemp and marijuana, visit the Ministry of Hemp.
HOW HEMP CAN CHANGE THE WORLD
Fiber – Hemp fiber can be used to make fabrics and textiles, rope and paper. The word ‘canvas’ actually derives from the word cannabis.
Fuel – While the industrial, medicinal and commercial properties of hemp have been known to mankind for a very long time, its benefits to the environment have just been realized in recent years. One of the compelling things hemp offers is fuel. With reserves of petroleum being depleted, it would be nice if we could have a fuel source which was reusable and which we could grow right here, making us completely energy independent.
Food – Hemp seeds are very nutritious and were first thought to be eaten by the Ancient Chinese and Indians. Hemp seeds have a nutty taste and can be eaten raw, ground up, sprouted, or made into dried sprout powder. Hemp seeds also contain a very beneficial oil that is high in unsaturated fatty acids, including an optimal 1:4 ratio of omega-3 to 6.
Building Material – Hemp can be made into a variety of building materials. These include concrete-like blocks called ‘hempcrete’, biodegradable plastics, and wood replacements. These materials have been used in the manufacture of many things, including electronics, cars and houses. In fact, the first American home made of hemp-based materials was completed in August 2010 in Asheville, North Carolina.
Biofuel – Remarkably, the oil from hemp seeds and stalks can also be made into biofuels such as
Biodiesel — sometimes known as ‘hempoline’. While this biofuel can be used to power engines, it does take quite a lot of raw material to produce a substantial amount.
SUBSCRIBE TO HEMP, INC.’S VIDEO UPDATES
“Hemp, Inc. Presents” captures the historic, monumental re-creation of the hemp decorticator and the hemp grinding and milling facility (which has been operational for 2 ½ years now) as America begins to evolve into a cleaner, green eco-friendly sustainable environment. What many see as the next American Industrial Revolution is actually the Industrial Hemp Revolution. Watch as Hemp, Inc., the No. 1 leader in the industrial hemp industry, engages its shareholders and the public through each step in bringing back the hemp decorticator as described in the “Freedom Leaf Magazine” article “The Return of the Hemp Decorticator” by Steve Bloom.
“Hemp, Inc. Presents” is accessible 24 hours a day, 7 days a week, by visiting www.hempinc.com. To subscribe to the “Hemp, Inc. Presents” YouTube channel, be sure to click the subscribe button.
Hemp Benchmarks®, a division of New Leaf Data Services, is a leading provider of financial, business and industry data for the North American hemp markets. They offer comprehensive and unique benchmark services for public and private organizations, and financial institutions. Hemp Benchmarks’ management team has over 100 years of cumulative commodity data services experience, more than 80 years of cumulative hemp and cannabis industry experience and subject matter experts in multiple jurisdictions/geographies. Their September 2019 “Hemp Benchmarks Spot Price Index Report” is a comprehensive and valuable resource that includes the following:
The downloadable PDF can be accessed here. Be sure to visit their site, www.hempbenchmarks.com.
UPCOMING INTERNATIONAL AND DOMESTIC EVENTS
Across the globe, the hemp industry is rising to astronomical levels. In the wake of the hemp industry projected to grow 700% and hit $1.8 billion by 2020, there has been more education and networking within the industry. That means more events and conferences, thus, Hemp, Inc. has started compiling an ongoing list of upcoming hemp events around the world. Check out the listing of international and domestic events here.
https://www.facebook.com/KingOfPot (Bruce Perlowin’s Facebook Page)
https://www.hempincpresents.com (Hemp, Inc.’s North Carolina YouTube Channel)
https://www.instagram.com/hempincorporated/ (Hemp, Inc.’s Instagram)
https://twitter.com/HempInc (Hemp, Inc.’s Twitter)
FORWARD-LOOKING DISCLAIMER AND DISCLOSURES
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. To clarify the issue of OTC placing a stop sign next to Hemp, Inc.’s stock trading symbol, that symbol indicates Hemp, Inc. does not report their financials. As a non-reporting pink sheet company, Hemp, Inc. is not required to report. The company does, however, choose to publicly report its quarterly and yearly financials on its website. According to the company’s CEO, the OTC stop sign is a misrepresentation of that reporting fact. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties.