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 1st quarter; $108,100 in sales for the 2nd quarter; and $159,750 sales in for the 3rd quarter, with a remarkable $1,596,406 for the 4th quarter. 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.
“This steady increase is indicative of the industry’s growth. The industrial hemp industry and Hemp, Inc.’s foothold in that industry continue to grow,” said Bruce Perlowin, CEO of Hemp, Inc. (OTC: HEMP). “We’ve fundamentally changed how we run our company to focus on building a hemp infrastructure since none existed