HQ Global Education, Inc. (OTC:HQGE) announced today that it has signed a contract with industrial hemp leader, Hemp, Inc. (OTC:HEMP), to plant 25 acres of industrial hemp. The hemp, to be planted this month, will be grown and cultivated on land operated by Hemp, Inc. and is expected to yield 4,000 pounds of hemp per acre or a total 100,000 pounds of high CBD hemp biomass. This is the first step in the collaboration between HQGE and Hemp, Inc. to grow premium hemp for the purpose of developing high quality CBD isolates and/or distillates and/or hemp-related products for Business-to-Business and possible Business-to-Consumer marketing.
Due to an increase of demand for high-quality CBD and hemp-related products, HQGE executives plan to contract a minimum of another 25 acres with Hemp, Inc. after the successful planting of the first 25 acres. This initial cultivation of hemp will be processed using Hemp, Inc.’s NuAxon Tech CO2 Supercritical Extractor which is housed in Hemp, Inc.’s 85,000-square foot facility in Spring Hope, North Carolina. Planting is expected to occur before the end of the month and should be ready for harvest by late August/early September 2018. The CBD extraction will begin immediately upon the harvesting and drying of the fully mature hemp harvest. Additional announcements and updates will be released in the coming weeks.
HQGE and Hemp, Inc., announced in March that they would be creating a joint venture between the two companies, in which HQGE will produce and distribute high-end, hemp-rich and highly customizable CBD formulas for the cannabadiol industry using Hemp, Inc.’s NuAxon Tech CO2 Supercritical Extractor. Hemp, Inc. is also providing ongoing consulting services in the hemp-CBD market, specifically in the areas of growing high quality organically-grown CBD-rich hemp, and harvesting, extracting and creating a variety of high-end CBD products.
Luis Proetta, CEO of HQGE commented, “This planting will represent the next evolutionary step in our plan to capitalize on the exploding growth of the hemp-based CBD industry. The hemp industry is projected to grow 700% and hit $1.8 billion by 2020, which includes the all-natural, non-psy
choactive supplement cannabidiol (CBD) that is derived from the industrial hemp plant. Our collaboration with Hemp, Inc., and the continuing development of our exclusive proprietary database and web crawler (announced in the<b> March 16, 2018 press release – HQGE Unveils Extensive Cannabidiol (CBD Oil) Database, Teams with Hemp, Inc. to Produce and Distribute High-Quality Customizable CBD Extractions), </b>give us the tools we need to enter this market in a big way.”
ABOUT HQ Global Education, Inc.
HQ Global Education, Inc. (OTC:HQGE) is a Delaware corporation dedicated to being the leader in data gathering, intelligence and education for the industrial CBD industry in America, and to becoming a major processor and distributor of the highest grade CBD oils available. For additional information visit http://hqgeinc.com
HQGE plans to play a major role in filling the enormous global demand for CBD oil and related products, the market for which is exploding since it has been proven to provide enormous health and medical benefits for a wide range of ailments and illnesses. In cooperation with HEMP, Inc., which owns and operates the largest industrial hemp processing facility in the Western Hemisphere, HQGE intends to become a leading provider of highest-quality customizable extractions of CBD oil to this rapidly-growing industry.
HQGE has also accumulated an exclusive proprietary educational database that is one of the largest and most valuable resources in the industry, reporting on thousands of hours of research that have been accumulated, tested and verified by professionals in the field. This database is constantly being updated and expanded with HQGE’s proprietary web-based search engine “crawler” that roots out scientific studies and data not readily found by other search methods. HQGE’s products and services can be utilized by any company or research institute in the CBD industry interested in knowing the many strains which make up this industry and the unique benefits of each.
Safe Harbor Statement: 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. This material contains statements about expected future events and/or financial results that are forward-looking in nature and as such are by definition subject to risks and uncertainties.
Contact:http://hqgeinc.comEverest Corporate Advisors, Inc.702-902-2361
<img src=”http://www.globenewswire.com/newsroom/ti?ndecode=MTUwIzczMDIzMjQ=” alt=”” width=”1″ height=”1″/>