Las Vegas, NV, Nov. 18, 2022 — Hemp Inc. (OTC PINK: HEMP), a leading hemp company committed to providing high-quality, grown in the USA hemp products, reported third quarter financial results for the period ending September 30, 2022. In addition, Hemp, Inc. has been working diligently with OTC Markets in the removal of the “Yield” sign and on November 2, 2022 was successful in getting the Company “Current” per OTC Market guidelines.
Total sales for the nine months ended September 30, 2022 increased approximately 315% compared to sales for the nine months ended September 30, 2021. The increase was primarily due to the demand in its CBD products offered through its website KingOfHempUSA.com and continued growth in its industrial oil absorbing products.
Hemp, Inc. has manufacturing facilities in Spring Hope, NC and Las Vegas, NV, offering two distinct product lines.
The Las Vegas facility produces some of the best cannabinoid products available and at an extremely attractive prices, and has recently added a monthly subscription service. Hemp Inc. offers several product lines which may contain CBD, CBDA, CBG, CBGA and CBN. These are non-psychoactive compounds found in cannabis plants. CBD is known for pain relief, relaxation, and anxiety relief. Adding CBG to CBD is known to enhance pain relief. CBN is known for helping one to fall asleep, and when combined with CBD and CBG (as we do in our products), it relaxes, reduces anxiety, reduces pain and assists in securing a better night’s sleep. There is a plethora of benefits related to these non-psychoactive cannabinoids.
Hemp Inc.’s CBD/CBG Tinctures are made from hemp isolate (99% pure), fractionated organic coconut oil (MCT oil) and USP grade β cyclodextrin (BCD), which increases the body’s ability to quickly absorb the cannabinoids in the intestines. This same tincture (minus the BCD) is used in Hemp Inc.’s Coffee Enhancer. Hemp Inc. also has a potent Pain Relief Roll-on that has received rave reviews from users. For people who prefer capsules, Hemp Inc. offers CBDA/CBGA capsules, CBD/CBG capsules, as well as CBD/CBG/CBN capsules.
Hemp, Inc. has an 85,000 square-foot facility on over 9 acres in Spring Hope, N.C. which produces Spill-Be-Gone™ and Drill-Wall™. These are both Hemp/Kenaf blends of a product that is well suited as a base for Hemp/Kenaf plastics, oil/gas well drilling and oil spill cleanup. Spill-Be-Gone™ is sold in industrial sized quantities for large oil spill cleanups. It is exclusively available through Industrial Hemp Manufacturing LLC. (a wholly owned subsidiary of Hemp, Inc.). It is a quick absorbent and is cost effective in cleaning up oil spills on land or water. It can also be disposed of in a green manner. It can be used by first responders to clean up oil spills on highways and land and is several times more absorbent than clay.
DrillWall™ is a tested loss circulation material (LCM) consisting of kenaf and hemp cellulose. It includes milled products from kenaf and hemp that are made into oil drilling fluid additives and oil absorbents. DrillWall™ is insoluble in water, non-toxic, and is a biodegradable drilling fluid additive used in oilfield drilling applications. This product is used by many major oil, water and gas companies. Hemp Inc.’s proprietary LCM product also acts as a borehole stabilizer, a lubricating agent, as well as prevents differential sticking. The proprietary LCM product works faster to plug the leaks and is cost competitive with most LCM materials.
About Hemp, Inc.
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 85,000 square-foot facility on over 9 acres in Spring Hope, N.C. is one of the largest industrial multipurpose hemp processing facilities in North America. Its mission of providing 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 may be the salvation in retooling America for greener, more sustainable domestic manufacturing.