Hemp Inc. announced an agreement with the Yasheng Group. The signed agreement specifies that Yasheng Group will grow and process into finished product 637 mu (108 acres) of a specific cultivar of industrial hemp in China. According to Hemp Inc. executives, the cultivar will be very high in CBDs (a non-toxicating group of compounds with proven medical benefits and no serious contraindications) with less than 0.05% THC.

This level of THC is legal for import into the United States. Final seed products such as hulled hemp seed possess THC levels too low to have an intoxicating effect on anyone consuming it. The harvested crop will be processed into finished products to be comprised of approximately 75,000 kilograms of top quality hemp.

Hemp Inc. will have final determination of the processing of the end product as the crop progresses to maturity.