Hemp Inc continues to operate at a huge loss

Las Vegas, NV — (SBWIRE) — 05/03/2013 — HEMP, INC. (PINK:HEMP) announced financial reports for year ended December 30, 2012. The company earned minimal revenues of $9000. There is $8000 costs of goods sold.

Hemp Inc paid $16.5 million selling general and administrative expenses. The company did not pay any interest expense. The company is operating in loss and has $16.45 million net loss applicable to shareholders. The net loss was $0.88 million in year ended December 30, 2011.

Hemp, Inc. is based in Nevada. The company is involved in operations related to medical marijuana industry that provides services, products, and supportive information. The company is making proprietary software for operation handling, MIS, and social network management. Company also offers video content on current events. A major product of the company deals with nutraceutical issues.

by Hemp News Editor

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