HEMP, INC.’S STOCK BUY BACK PLAN
Hemp, Inc.’s stock buy back is a mechanism to dramatically reduce the outstanding shares in the open market, as stated in Hemp, Inc.’s September 14, 2017 press release:
Hemp, Inc. executives are currently negotiating large sales of LCMs (lost circulation materials) to oil companies on five continents including a US-based company that is interested in buying the entire productive capacity of the company's LCMs and more. "If this deal comes to fruition, we will start running two, and then later three shifts, six days a week. We currently have 18,000,000 pounds of kenaf and hemp in inventory which translates into finished product that will be sold for $2 - $4 per pound. You can do the math," said Perlowin.