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DGAP-News: What is Hemp, Inc.? The Leader in Industrial Hemp Releases its 2018 Annual Report with Massive Revenue Increase

DGAP-News: What is Hemp, Inc.? The Leader in Industrial Hemp Releases its 2018 Annual Report with Massive Revenue Increase
25.04.2019 08:00:02

DGAP-News: Hemp, Inc. / Key word(s): Annual Results
What is Hemp, Inc.? The Leader in Industrial Hemp Releases its 2018 Annual Report with Massive Revenue Increase

25.04.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


What is Hemp, Inc.? The Leader in Industrial Hemp Releases its 2018 Annual Report with Massive Revenue Increase
Spring Hope, NC - (NewMediaWire) - April 25, 2019 - Hemp, Inc. (OTC PINK: HEMP) today reported financial results for the quarter and full year ending December, 31, 2018.  A global leader in the industrial hemp industry with bi-coastal processing centers including the 85,000 square-foot multipurpose industrial hemp processing facility in Spring Hope, North Carolina, a state of the art processing center in Medford, Oregon, and a 500-acre hemp growing Eco-Village in Golden Valley, Arizona, Hemp, Inc. showed over an 1,800% increase in sales from previous year 2017.

Overall, sales increased from $107,002 in 2017 to $1,960,754 in sales for 2018, showing quarter-on-quarter increase for the year of 2018. Sales by quarter for the year were $96,498 for the 1stquarter; $108,100 in sales for the 2ndquarter; and $159,750 sales in for the 3rdquarter, with a remarkable $1,596,406 for the 4thquarter. Operating expenses rose only 72% percent from the previous year. Full-year sales for 2018 of $1,960,754 represent an increase of over 1,800% over the previous year.  To read the full article, click here.
 


25.04.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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803209  25.04.2019 

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