In Nevada, Hemp, Inc. announced that it has signed a deal with KUSH ) to distribute a line of natural hemp-based skin care products featuring the unique properties of the hemp plant which provides powerful relief and scientific cellular rejuvenation. As consideration for licensing rights, Hemp Inc. (HEMP) will immediately transfer 10,000,000 shares of their stock, which is currently trading for about $0.058 per share, to KUSH, a private firm. “KUSH offers Hemp, Inc. the right vehicle to gain a dominant position in the sale of over-the-counter hemp-based skin care line market by joining forces with a new company featuring revolutionary products. In addition, we have tremendous faith in KUSH’s CEO, Steve Kubby, who played a key role in the passage of Prop. 215 and was the second person in history to launch a publicly traded cannabis company,” added Tobias.
Category: Producer News