HempWave Announces Agreements to Grow & Harvest Over 600 Acres of Industrial Hemp in Arizona and Estimates 2.1 million pounds of hemp biomass in 2019

With 210,000 square feet of greenhouse space already under contract, the aggressive commercial hemp startup conservatively estimates hemp biomass of over 2.1 million pounds in 2019, which would have a market value of $52.5 million, based on current market rates

PHOENIX— June 4, 2019 — HempWave today announced it has entered into agreements with four large-scale farming operations in Arizona, agreements that will allow it to grow and harvest industrial hemp on over 600 acres in 2019.

Based upon these new growing and harvesting agreements, as well as its previously announced acquisition of two Arizona-based greenhouses totaling 210,000 square feet of space for commercial hemp nursery operations, HempWave estimates that it will produce 2.1 million pounds of hemp biomass in 2019 alone, which at current market rates of $25/lb if sold in its raw form, would have a market value of $52.5 million.

Since its formation in 2018, HempWave has moved aggressively to take full advantage of the widespread interest in industrial hemp. HempWave’s four initial commercial hemp farms will be based in Arizona’s Gila River Valley, as well as in the cities of Eloy and Willcox.

According to HempWave Chief Executive Officer, David Soto, Arizona’s climate and legal structure make it an ideal locale for the company’s business.

“Arizona is an excellent location for becoming one of the country’s premier industrial hemp companies, both legally and from an environmental standpoint,” Soto said. “We applaud Arizona’s governor and our legislature for moving so quickly to help Arizona businesses move to the forefront of the unfolding industrial hemp revolution. And we look forward to working with other farmers and landowners throughout the state and around the country to meet the explosive demand for commercial hemp products ranging from legal cannabidoils and CBDs to hemp-based fabrics and building materials.”

Hemp: The Miracle Plant

For thousands of years, humans have cultivated and harvested what is today known as industrial hemp, especially for use as fabric, twines and rope. In fact, industrial hemp was the main source for rope used by the United States military during World War II.

Although a close cousin to marijuana (and in spite of the misperceptions of many individuals), hemp contains only miniscule amounts of tetrahydrocannabinol — (also known as THC) — the psychoactive chemical compound found in marijuana that gets users “high.”

In reality, any Cannabis Sativa L. plant containing more than 0.3 percent of THC is legally identified as marijuana, a Schedule 1 drug, while industrial hemp is limited to THC levels of 0.3 percent or lower. {This distinction was laid out in the Agriculture Improvement Act of 2018 (aka, the 2018 Farm Bill) and became effective when it was signed into law on December 20, 2018.}

Conversely, commercial hemp can be optimized for producing high levels of cannabidoils and CBDs, compounds that a growing body of clinical research and anecdotal evidence suggest deliver a wide variety of medicinal benefits, including treatments for pain, sleep apnea, movement disorders, cognition, anxiety, and other maladies. In addition, most parts of the hemp plant can be used for a variety of non-medicinal applications.

About HempWave

Formed in 2018, HempWave partners with farmers across the country to grow, cultivate, and harvest commercial-grade hemp plants and seeds to produce medicinal grade cannabidiol(CBD oils) and other hemp byproducts. As of February 2019, HempWave agreed to be acquired by Celexus, Inc. and operate as a wholly owned subsidiary of that company. It is anticipated that the acquisition will be finalized in the coming months, subject to standard due diligence and independent appraisals.

About Celexus

Celexus (OTCBB:CXUS), a strategic partner for HempWave, is an acquisition, management and holding company for early and mid-stage high growth businesses and technologies within the hemp industry. It is the objective of Celexus to represent every aspect of the hemp-farming industry from seeds and extraction to wholesale and retail distribution.

Forward-Looking Statements

This press release may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For additional information regarding such forward-looking statements, see, https://hempwave.co/forward-looking-statements.

HempWave Obtains Full Arizona Licensure

The State of Arizona has now licensed HempWave as an Industrial Hemp Nursery, Grower, Harvester, Transporter, and Processor, making HempWave a vertically integrated commercial hemp company in Arizona

HempWave today announced it has acquired all five of the industrial hemp licenses available from the state of Arizona, licensure that makes HempWave one of the first vertically integrated hemp companies in Arizona.

HempWave physically acquired each of the five respective commercial hemp licenses from Arizona — NurseryGrowerHarvesterTransporter, and Processor — on Friday, May 31, the first day the licenses were available.

According to the Arizona Department of Agriculture website, the five industrial hemp licenses available in the state are defined as:  

  • Nursery — An authorized Nursery License shall allow the licensee to propagate eligible seed and propagative materials for planting for a licensed grower. A licensed Nursery shall not grow industrial hemp for harvesting purposes, unless also licensed with the Department as a Grower.

  • Grower — An authorized Grower License shall allow the licensee to: 1) Obtain seed or propagative materials for planting; 2) Possess authorized seed and/or propagative materials for planting; 3) Cultivate hemp; 4) Harvest hemp; 5) Possess and store harvested hemp; and, 6) Transport harvested hemp for processing.

  • Harvester — An authorized Harvester License shall allow the licensee to harvest an eligible industrial hemp crop for a licensed grower.

  • Transporter — An authorized Transporter License shall allow the licensee to transport a harvested industrial hemp crop for a licensed grower.

  • Processor — An authorized Processor License shall allow the licensee to: 1) Engage in the processing, handling, and storage of industrial hemp or hemp seed at one or more authorized locations in the state; and 2) Sell, distribute, transfer, or gift any products processed from harvested hemp that is not restricted by rule or law.

“The day has finally arrived,” said HempWave CEO, David Soto. “My team and I were at the Arizona state Capitol bright and early Friday morning to kick off a new era in our state’s history. The commercial hemp industry is primed to invigorate the economy in Arizona and beyond, and we’re here to ignite it.”

Clearing-up Misconceptions about Cannabis, Hemp and Marijuana

When President Donald Trump signed the Agriculture Improvement Act of 2018 on December 20, 2018, the U.S. legalized industrial hemp once again throughout the country. Unfortunately, there has been a lot of misunderstanding about the differences and similarities between hemp and marijuana. The primary difference, however, is tied to the psychoactive properties of either “strain” of cannabis.

As defined by the new federal statute (and as explained by most experts), industrial or commercial hemp contains less than 0.3 percent of THC (tetrahydrocannabinol), the chemical compound that gets users “high.” And although both hemp and marijuana plants contain cannabidoils (aka, CBDs), most CBD products today tend to be derived from hemp. Importantly, preliminary clinical research suggests a number of healthcare benefits cannabidoils and CBD-based products, including possible treatment for anxiety, cognition, movement disorders, sleep apnea, pain and other maladies.

Additionally, on May 14, 2018, Arizona Governor Doug Ducey signed into law Senate Bill 1098, a law authorizing the Arizona Department of Agriculture to license qualified applicants to grow and process industrial hemp in the state beginning in the summer of 2019.

In addition to obtaining these licenses, HempWave acquired sufficient plant stock to produce over three million hemp clones in 2019.

Eric Hutchings Joins HempWave Board of Advisors

HempWave today announced that Eric Hutchings has joined its Board of Advisors. Hutchings’ experience will enable him to advise HempWave on both regulatory compliance and government relations.

Hutchings has significant experience in the financial industry and has held several securities licenses in both the U.S. and Australia. He is also currently the longest-serving Republican in the Utah State House of Representatives. As such he holds the position of Speaker Pro Tempore, and serves on committees including Executive Offices and Criminal Justice Appropriations Subcommittee, and the Criminal Code Evaluation Task Force. He also serves as the Co-Chair for the National Conference of State Legislatures, Law and Criminal Justice Committee.  

“I am pleased to hear everything HempWave is doing to lead the development a truly legal and sustainable market in the quickly changing environment of the agricultural hemp industry today, and as we move into the future,” said Hutchings. “HempWave is focused on empowering independent farmers, and promoting rural economic development as a vital pillar of this movement.”  

Hutchings also hopes to gather insights from HempWave to help various Utah agencies as they address both regulatory and criminal justice issues related to this new industry. This may include sharing best practices with state-level government relations which can set the highest standards and ultimately be shared with legislatures across the country.

Is Starting a CBD Business Worth It? Data & Statistics Suggest Yes

CBD Is a Great Potential Business Investment


Ever wondered about starting a CBD business? It seems to be the new thing lately that a CBD business is showing up at every corner. Why are they so popular? How can you cash in on the idea?


There are a lot of factors to starting your own CBD company and knowing the risks is one of them. Do you have what it takes? Find out below.


Starting a Business


The important thing to remember about starting any business is that it can be risky. One factor you should look at before beginning a business is the risk. Ask yourself if it’s worth any risks you may incur to begin this business venture.


Starting a CBD business is on the same scale. It’s not just risky, but the rules are constantly changing. One thing about a CBD business is they are still new. This means starting one is most likely going to benefit your future plans. The question remains, where to start?


It’s already been determined your business will be CBD related, but in what way? You can grow, harvest, package, or even sell it. Pick whichever is more appealing to you and begin. The most important step is the legality of the business. Like with any business, CBD requires certain rules and regulations as a business before you can move forward and create it. It’s important to know and understand your rights and the laws of the trade before moving forward.


Legality of Business


As with any business, CBD businesses have laws and rules they must follow in order to be a proper legal business. It’s imperative you know the laws for the area you plan to start your business. If you are seeking to become a business that sells to other states or countries, you should know the laws there as well as exchange rates and customs policies for out of country sales.


It’s important to learn the laws and rules for CBD business in order to conduct legally. It would be a shame if the government shut down your business to selling outside the legal area for your business or growing something that hasn’t been legalized yet. It’s best to do your research on this topic and know your laws before you start to avoid any trouble later.


Available Market


While there is still some debate if the CBD market will, or can, last; now is the perfect time to join. Many already involved say this market is still thriving and could use more people in the business. The CBD market is currently thriving with fewer distributors than needed. It would benefit anyone to join this market and gain a new business venture for themselves.


Most important is the ability to gain an edge on the competition. In order to thrive in this type of market, it’s important to find a unique approach to a common topic. One cannot thrive in any market, especially not a CBD market if they are unable to find an upper hand. This is a growing industry with a lot of power to make or break any new competition that arises. Is the next competition you? Can you survive?


It’s important to have all your information and know your competition and client base before you begin setting up your business. While there’s, obviously, a market for this business it’s important to know if or what the competition may be or whether you have the client base in that particular area.




There are many challenges in the CBD market. Some of them have been listed above, but others are equally important to launching your new business. One of the biggest challenges is insurance. While it’s important to have insurance for any business, getting a CBD business insurance can be difficult. Most insurances will prove to be higher for this business than others. It’s important to shop around and find an insurance that covers everything you need at a decent price for your budget.


Another major challenge consists of payments. Now that you’re selling your CBD, how are you allowing the customer to pay for it? Many major companies, such as Visa, have cut ties with all CBD related business. This means your customers cannot purchase your product if they have no cash and only a Visa card in their wallet. It’s important to know this information, so you can provide better care for your customers without having their card declined at checkout because they had no idea Visa wouldn’t allow it.


One of the biggest problems facing upcoming CBD businesses is the reluctance from banks to fund the venture. Most banks are still shying away from the CBD market and refuse to loan money to someone who might be using it for a CBD business. Most thriving businesses have looked to bootlegging or outside investors for support in their new business venture.




While starting a business can be beneficial in so many ways, it’s important to have all your facts before you start. Those who jump into a business without having any information tend to hit a lot of red tape along the way. Knowing your industry is the first step. You should know who you’re selling to, what you’re selling, how you’re selling it, and how to handle the product.


Once you’ve figured all that out, you can move on to the other important information. Like what the market looks like, how are you going to distribute your product, what are the legal points you need to follow. All of this information is vital to a successful business. While CBD may be a newer market with different rules and guidelines to follow, it’s still a business and there are still rules, legal proceedings, and business matters that need to be handled in order to succeed.


The bottom line is; don’t give up because it seems hard. If you can get past the legal, the insurance, and the start up, you have a chance at joining a growing market that you could thrive in.

Why hemp?

The passage of the 2018 Farm Bill has opened up the floodgates to the potential monetization of hemp as a crop. In 2017, growing hemp was an $820 million industry in the U.S, according to MarketWatch. Many experts believe last year’s legislation means the crop could balloon into a multibillion industry. Its versatility has driven consumer demand; in addition to textiles, hemp produces high-quality oil and protein products.

But why hemp? For one, it’s not as resource-intensive as other plants like corn, wheat or soy. Take corn, for example. Hemp requires less water, pesticides, herbicides and fertilizer than this staple, thus making it attractive to sustainability farmers. What’s more, the plant has over 25,000 known uses and has been hailed as an eco-friendly alternative to the current cadre of commodities.

There’s more to the story, especially as it relates to environmental impact. Hemp has been praised as a suitable option for organic farmers, because it’s fairly resistant to pests and diseases. What’s more, it grows so fast and tall that it outcompetes weeds, cutting down on labor costs. In this way, hemp is kinder to the planet than other options.

Last, some farmers have found that hemp nicely complements other crop rotations. A December 2018 Forbes article makes this case.

Ben Roberti operates a cattle ranch and grows alfalfa in California. He has found success with incorporating hemp crops into his rotations for the same reasons. “So many of the dairies are shutting down on the west coast that we just don’t view alfalfa as a commodity for the future,” he told ABC 10.

Hemp Stock Predictions: Is Now the Time to Invest in the Hemp Industry?

The Hemp Industry Is On The Rise, Stocks Soon to Follow

Many are wondering about the price of hemp and it’s relation to the stock market. While this is a fairly new trade to the stock market, it’s still important for investors to know where they stand.


Most are asking if it might be time to buy or sell stock based on the market forecast. Here’s a look at a few points from stock market views to help you decide if it might be time to buy or sell your hemp stock.


Cannabis vs. FDA


Due to an upcoming hearing (Friday, June 1, 2019), the cannabis (or hemp) market has changed drastically. While most stocks were higher after this announcement, there were still some stocks that decreased. The hearing will be used as a platform for the FDA to hear all sides of views pertaining to the use of CBD in prescription drugs.


While this is a great source of debate, and has been for some time, this hearing is not being considered as the final decision about this topic. This open forum is meant to discuss the pros and cons and allow the FDA a look at both sides in order to make their final decision later. Despite this being an open forum, it has clearly made an impact on hemp stock in a positive way.


Hemp Stock Flux


Despite the FDA open forum raising the hemp stocks for now, there has not always been such a consistent flow of stock market rise and fall for hemp stock. Throughout the past year, hemp has increased by 10%, but it wasn’t always doing so well. In 2017, the market lost 3% of it’s hold in the stock market. By 2018 it was up 2%, but as of the past year it has increased to 10%.


This market is clearly still working out some of its kinks, but it also has many rivals to compete with for that tops spot on the market. With such large rivals out there, it makes the decision to buy or sell a difficult one.


Hemp Competition


Hemp has three main competitors, although there are more out there who just may not be as large yet. These three competitors are the largest in the cannabis industry and could be the best way for hemp to fall in the future.


The main competitors for hemp are as follows:


  • Future Farm Technologies

  • Aerogrow International

  • Scotts Miracle-Gro


These companies are not struggling for a top spot in the stocks as much as hemp and this could result in the uprising of other companies in their place.


Stock Forecast


Based on past and present stock exchange numbers, it is likely that hemp will not be increasing its hold in the stock market for future exchanges. Due to the continuous changes in stock from previous years, it has been predicted that future stock may be reduced by 2.346% from where it stands as of May 30, 2019.


While the stock is expected to fluctuate throughout the next year, it is anticipated to drop by a substantial amount this time next year. Many stock market followers would indicate this change to be a factor in whether they choose to purchase or sell their hemp stock, but there may be other factors to consider as well.


Predictions vs. True Change


The stock forecast is merely a prediction of what could be for future stocks. The truth behind hemp stock is that the company trades on pink sheets, which determines a poor cash flow for business. Due to this damaging fact, it is more likely that hemp will be out of the market before too long, based on research and stock exchange information.


While it is not likely this change could occur soon, or even this year, it is likely that it will happen. Some predictors believe the best hemp could do in future stocks is zero. Clearly, this is not something any stock market follower wants to hear; but, unfortunately, it’s the cold truth of the market. Without much revenue to back up stock prices, there’s no way for the company to change for the better in future exchanges.




Based on multiple factors, hemp could decrease to zero in the market or it could increase to a top spot in the stocks. Unfortunately, this is such an unknown in any stock market that predicting the future of hemp is quite difficult. If you choose to base it on past market information, the trend would see the continuing decline of hemp overall; however, due to the unpredictability of the stock market and cash flow for any business, it is still possible for hemp to make a comeback.


Many stockholders and followers would like to know for certain what they might be getting into or out of if they buy or sell stock of any company, but especially hemp. The truth of the matter is, there is no guarantee. Anyone could buy stock one day and it could drop the next. Or they could sell it and watch it rise the next day. Regardless of what might happen, stock exchange is always a risk and some may not be willing to take it.


The important thing to remember is, despite predictions, stock market prices could do the opposite of what’s predicted. It has never been a known or exact science when it comes to predicting exactly how the numbers will fall. While the choice is ultimately yours, it’s important to verify that any sources you use for a stock market forecast are credible. Otherwise, their predictions may not provide much insight as to what may be your best course of action.


To buy or to sell; the choice is ultimately yours. The question is, how big a risk are you willing to take in the stock market? If it’s not big enough, you may be looking at losing a substantial amount more than you had originally planned. Always remember to be smart about your stock buying and selling choices.

The Need for Our Seeds and Clones Grows Ever Higher

Farmers and ranchers show interest in growing and using Hemp.

A recent Farm Journal survey of 950 farmers and ranchers across the United States found that although almost none of them currently grow any form of cannabis, about half would consider doing so – and many would consider using it.

Read More at https://hempindustrydaily.com/chart-farmers-and-ranchers-show-interest-in-growing-and-using-hemp/

HEMPCRETE- The Ultimate Sustainable Building Material

HEMPCRETE- the ultimate sustainable building material- Hempcrete (Hemp concrete) is a bio-composite material made from a mixture of hemp fiber and lime. Hempcrete is incredibly strong and lightweight. It is naturally flame, water and pest resistant and lasts 100’s of years. Hempcrete is naturally non-toxic and works and an incredible insulator making it very energy efficient. This could completely change the way modern buildings are constructed.

Source: National Hemp Association

To read more, go to https://nationalhempassociation.org/some-interesting-faces-about-hempcrete-as-a-building-material/


Celexus Completes 8K Filing with the SEC for entrance into the Hemp Industry

Celexus, Inc. is happy to announce that our 8K filing with the SEC has been approved and posted. This 8K includes a lot of exciting updates regarding the company’s entrance into the lucrative Hemp industry such as:

·         Celexus, Inc. has purchased Bio Distribution

·         Included in this acquisition are the rights to a bio-engineered strain of Hemp seeds that produce regulatory compliant levels of THC and high CBD content as well as a license to cultivate Hemp seeds and clones in the state of Utah

·         Bio Distribution expects 1.5m seeds produced and ready for planting by June 2019 and another 10m seeds ready for sale by early 2020.

·         And lastly, a 90 to 1 reverse stock split along with the official name change to Celexus, Inc.

To read our filing, go to https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001355559&owner=exclude&count=40. Follow us on Twitter at @celexusinc and visit our website at Celexus-inc.com to stay up to date on future filings and news.

Telupay, Inc. Receives Name Change to Celexus, Inc. and Enters the Hemp Market


Phoenix, AZ; January 15, 2019 — Telupay, Inc. is pleased to announce that it is in the process of having its request for a new ticker symbol, a substantial reduction in issued and outstanding shares in the market and a name change, which will be Celexus, Inc., reviewed.  Upon completion of the review of the notification by FINRA, Celexus will be listed on the OTC and available for continued public trading. 

 Celexus, Inc. was conceived to be a holding company for the acquisition and management of promising, early stage, high-growth businesses and technologies. Our strategy is quite simple really; Get in on the ground floor and help these companies to the proverbial top floor.

 Due to the recent passing of the Farm Bill, Celexus now feels very comfortable in entering the rapidly growing Hemp and CBD market. It is estimated that hemp biomass has over 50,000 uses including replacing plastic products, paper, clothing, building material, etc. Additionally, hemp and CBD provide incredible medical benefits. It has been reported that CBD oil can treat hundreds of medical issues such as anxiety, depression, pain, arthritis, insomnia, anorexia, heart disease, diabetes, asthma, several types of cancer, Alzheimer’s, dementia and epilepsy, just to name a few. It is these reasons, along with the environmental impact associated with hemp, that is driving us to become a key player in such an important market.  

 Our objective is to become a leading supplier of both hemp biomass, CBD oils and isolate to end users internationally.  In order to achieve this goal, we intend to participant in the process of growing, harvesting, drying, extracting and the refining of the end product with an emphasis on pharmaceutical grade CBD.

 Now that the 2018 Farm Bill has now been signed into law in the United States hemp has been made legal at the Federal level. This new law removes hemp from the Controlled Substances Act (CSA) and paves the way for the development of hemp as an agricultural commodity. Hemp can be used to produce a myriad of products from super foods to cannabinoid infused cosmetics, personal care products and beverages. In addition, there are a multitude of industrial solutions including textiles, carbon negative building materials, non-toxic bio composites and much more.

 The law removes many uncertainties for the industry that will allow businesses alike to obtain the most basic business services that are enjoyed by every other industry, which until now, have been very difficult to obtain. It is expected that this new law will allow companies in the industry to operate more freely than they have been able to up to this point.

This long-anticipated Farm Bill allows farmers nationwide to cultivate hemp for any use, including cannabidiol (CBD) and other cannabinoid production. The definition of hemp has been redefined to include any part of the plant including all derivatives, extracts and cannabinoids. This will now mean that hemp-derived cannabidiol (CBD) will no longer fall under the regulatory authority of the CSA.

One of the most important outcomes of the new law is that businesses will soon be able to secure ordinary banking services without fear of having these relationships terminated. The hemp industry has been considered a high-risk industry in the banking community until now. With the passing of the Farm Bill, hemp is well on its way to becoming an agricultural commodity that farmers can generate far greater returns per acre than any other crop. Farmers will also soon be able to obtain crop insurance to manage the risk from natural disasters that could potentially wipe out an entire crop, as well as other forms of insurance not previously available. It’s also only a matter of time before futures and options are offered on the major commodity exchanges like the Chicago Board of Trade (CBOT) or Chicago Mercantile Exchange (CME). Similarly, a major carbon credit play is on the immediate horizon because of hemp’s ability to sequester more carbon in the shortest period of time, more than almost every other plant on earth.

Hemp is among the best plants on earth for the provision of food, clothing, building materials, fuel, and medicine. Hemp could potentially be the most industrially usable biomass produced over the shortest growth cycle, utilizing the least amount of water, nutrients and pesticides, while sequestering the greatest level of carbon. It is one of the few plants that can be grown commercially almost anywhere in the world.

The potential economic stimulus to the United States and Global economy is significant. The Brightfield Group projects a $22 billion hemp industry by 2022, but that only considers the direct impact from hemp, it does not include all of the ancillary industries that provide products and services to the hemp industry that will also see significant economic stimulus, such as legal services, banking, accounting, investment, real estate, processing and manufacturing equipment makers, engineering, marketing and advertising, technology developers, to name a few. The hemp industry requires many of the same products and services that every other industry needs to operate, but until now 9 out of 10 companies in any industry would not engage in business with hemp companies because of the Federal legal status.

Post Farm Bill projections for the growth of the hemp industry will likely expand significantly more than previously expected, making 2019 a banner year for the hemp industry.

Media Contact

D. James




The Rise of TLPY? What The Technicals Reveal About Telupay International (TLPY)

Shares of Telupay International (TLPY) are heading in a near-term positive direction as the most recent close of the company has stayed above the Balance Step.  The Balance Step reading takes into account the last 5 balance points of the weekly period plotted in step formation on a daily chart.


Coca Cola announces its interest in CBD infused soft drinks.

Coca Cola has recently sat down with a Canadian cannabis company to have a serious discussion about creating a CBD infused soft drink. The announcement of their interest into CBD soft drinks raised current cannabis prices across the board an average of 9%. Imagine when they actually start producing this beverage.


The FDA Approves the First CBD Medication, Epidiolex

On Monday, June 25, the U.S. Food and Drug Administration announced that it has approved the CBD anti-seizure medicine Epidiolex. This marks the first medication from cannabis to be approved by the FDA. This is a massive win for the hemp community and a very important step towards clean, natural and renewable sources for medication.