Cannabis and Hemp Industry Riding North America Legalization Wave - Seite 3

Hemp Inc. (OTC: HEMP) recently announced that one of its strategic growing partners, Veteran Village Kins Community Arizona, Inc., has completed installation of the solar and wind-powered energy system for its 500-acre Veteran Village Kins Community in Golden Valley, Arizona. The Veteran Village Kins Community is designed to grow hemp and produce cannabidiol (CBD) products to benefit veterans as well as generate revenue for Hemp, Inc., the Veteran Village, and individual veterans living in the community. Bruce Perlowin, CEO of Hemp, Inc. (OTC PINK: HEMP) said, "This has been an arduous journey for everyone involved, but it has been well worth it. This solar and wind-powered energy system will even allow for high-definition cameras to capture the remaining development of the Kins Community, in real time with live streaming video. Every methodical step we have taken has put us closer to opening our doors to the country's first Veteran Village Kins Community, just north of Kingman, Arizona (and only 90 minutes from Las Vegas)."

Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB.TO) recently announced it has taken control of Hempco (TSX: HEMP.V) after Aurora exercised its right under a private option agreement with Charles and Angela Holmes . Pursuant to this agreement Aurora has purchased an aggregate of 10,754,942 additional Hempco Shares (50% from Charles Holmes , 50% from Angela Holmes ). Following the transaction, Aurora's ownership interest in Hempco now stands at 52.7% (50.12% on a fully-diluted basis). "Hempco plays an important role in our strategy to secure access to low-cost raw material for the potential production of CBD extracts once new legislation is in place allowing whole (hemp) plant utilization," said Terry Booth , CEO. "Furthermore, this is a strategic partnership that also helps us develops a broader portfolio of value added products for the health supplements market. By taking control, we will be able to more closely integrate Hempco's operations with our own and drive growth."

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