Marijuana, Inc., a publicly traded company, has announced that it changed its name and will now be known as Hemp, Inc. The company already traded under the HEMP stock symbol.
In the company’s press release, they also announced that it had secured the rights to use Hemp.com. According to the company CEO, “With the acquisition of the exclusive licensing rights to the Hemp.com domain name providing a solid foundation for our stock symbol HEMP, it was a natural evolution. Hemp.com is a significant asset for Hemp, Inc. and we intend to keep the integrity of Hemp.com intact as we implement a strategic marketing platform to greatly enhance the potential of Hemp.com.”
The company appears to have used MarijuanaInc.tv for its previous website, so the Hemp.com domain name is certainly a major upgrade.
It is interesting to note that the company has a licensing agreement for the domain name, although terms of the license weren’t disclosed in the press release. A license agreement is another type of deal domain owners can use to generate revenue on their domain name.