Hemp, Inc. Part of Select Group of Competitors in New Global Report

Rhea-AI Summary

Hemp, Inc. (OTC PINK: HEMP) has been recognized as a leading player in the industrial hemp sector, as detailed in a recent report from Research and Markets. The U.S. market is projected to reach $1.4 billion in 2020, growing to $13.8 billion by 2027, with a CAGR of 14.6%. Hemp, Inc. operates the largest multipurpose hemp processing facility in North America and boasts over 10 years of industry experience. The company is expanding its product offerings and marketing efforts, including new products targeted at niche markets, which emphasize its commitment to sustainability and eco-friendly practices.

Positive

• Recognized as a leader in the industrial hemp market by Research and Markets.
• U.S. hemp market projected to grow from $1.4 billion in 2020 to $13.8 billion by 2027 (CAGR of 14.6%).
• Operates the largest multipurpose hemp processing facility in North America (85,000 sq. ft.).
• Strong product expansion including the King of Hemp® product line.

Negative

• None.

LAS VEGAS, June 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Hemp, Inc. (OTC PINK: HEMP), a leader in the industrial hemp market, was one of a select group of companies across the globe named in a new Dublin, Ireland-based Research and Markets report, “Industrial Hemp – Global Market Trajectory & Analytics.”

Hemp, Inc. was one of 36 companies selected for analysis in the comprehensive 285-page report announced June 14, 2021 and gives international confirmation of Hemp, Inc.’s leadership in the marketplace.

The U.S. market is estimated at $1.4 billion in 2020, according to the report. Other sources estimate the global hemp market in 2020 at $5.3 billion and is projected to grow to $13.8 billion by 2027 for a CAGR of 14.6%.

Products analyzed by Research and Markets in the new report include:

• Hemp seed (includes whole hemp seed, hulled hemp seed, hemp seed oil, hemp protein powder and similar food, cosmetic and pharmaceutical products)
• Hemp fiber (used for textiles, building materials, paper, rope, etc.)
• Hemp shives (frequently utilized for animal bedding and mulch) 

All three of these segments are predicted to see growth through 2027, with hemp seed expected to reach $8.9 billion by 2027 for a 15.3% CAGR and hemp fiber products were projected to show a 13.5% CAGR, and the hemp shives market is anticipated to show a 12% CAGR.

Hemp, Inc. has the largest industrial multipurpose hemp processing facility in North America, an 85,000-square foot facility in Spring Hope, N.C.

With more than 10 years of experience in growing and processing hemp in North America, Hemp, Inc. has an established network of industry professionals in every segment of the industrial hemp industry. 

Hemp, Inc.’s mission to provide green solutions that help make the world a better place continues to flourish as the company advances an ever-growing portfolio of revenue- and value-generating synergistic businesses. 

Hemp, Inc. is also focused on marketing and is currently negotiating with a network marketing company to launch several new products for different niche markets. Digital marketing campaigns are in the works including planning for display booths at all the concerts and events at the Veteran Village Kins Communities. The company is also selling directly to retail stores as well as distributing through all the King of Hemp Stores opening around America this year. Online distributors such as NaturalExposureCBD.com is also carrying the products.

The company recently added its second brand (Billy Hayes) in the King of Hemp® product line which already consists of Bubba Kush hemp; CBD Pre-rolls, Fortified CBD Pre-rolls, CBD and CBG Caviar/Moon Rocks; and Diamonds (which are 96%-98.7% CBD, the only product like this in the marketplace today). 

According to executives, one of its distributors is selling a limited number of signed and numbered Billy Hayes CBG pre-rolls as a collector’s item for $100 each. Those interested in being the first to collect this “pirate treasure” should click here.

There’s also a signed (by Bruce Perlowin) and numbered complete set of King of Hemp® CBD pre-rolls. (To hear the Bruce Perlowin theme song, click here.) The third in the series will be the Notorious Smith Brothers (famous smugglers from South Florida) to be released at a later date.

The Company’s website for its King of Hemp® line (www.kingofhempusa.com) also has CBD oil tinctures available for purchase. The tinctures are available in two flavors, Natural and Peppermint, and contain full-spectrum hemp oil extracted from the flowers and leaves of hemp plants sustainably sourced from Colorado. They are also compliant with the regulations created by the Colorado Department of Agriculture in regards to industrial hemp. 

The tinctures, as well as all CBD products, contain 0.3% or less THC and are compliant with the 2018 Farm Bill.

To learn more, go to the King of Hemp® website, here.

Those interested in King of Hemp® pre-rolls; hemp-derived CBD tinctures; Caviar; Diamonds; can visit www.kingofhempusa.com and email sales@kingofhempusa.com.

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 hemp farmer, the American veteran, and other groups experiencing the ever-increasing disparity between tapering income and soaring expenses. The Company is on a mission to be a powerful engine for social change and economic revival, worldwide, by providing hemp products that are eco-friendly, sustainable and healthy. Hemp, Inc. executives believe there can be tangible benefits reaped from adhering to a corporate social responsibility plan.

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. The Securities and Exchange Commission (SEC) requires issuers to provide “adequate current information” and Hemp, Inc. does… using the SEC’s Alternative Reporting Standard to publicly report its quarterly and yearly financials. All current information can be found on www.hempinc.com/hemp-financial-disclosures/. 

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.

Contact:
Hemp, Inc.
855-436-7688
ir@hempinc.com

FAQ

What recognition did Hemp, Inc. receive in June 2021?

Hemp, Inc. was recognized as a leading company in the industrial hemp market in a report by Research and Markets.

What is the projected growth of the U.S. hemp market?

The U.S. hemp market is projected to grow from $1.4 billion in 2020 to $13.8 billion by 2027.

What products does Hemp, Inc. offer?

Hemp, Inc. offers products including CBD pre-rolls, tinctures, and various hemp-derived items.

Where is Hemp, Inc.'s processing facility located?

Hemp, Inc. operates the largest multipurpose hemp processing facility in North America, located in Spring Hope, N.C.

What is the significance of the King of Hemp® product line?

The King of Hemp® product line highlights Hemp, Inc.'s commitment to eco-friendly and sustainable hemp products.