SPRING HOPE, N.C., March 21, 2018 (GLOBE NEWSWIRE) -- 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. (OTC: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.

To read the full press release, click here.

Hemp, Inc.
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