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Barrel Energy, Inc. focuses on the cultivation and production of hemp in the United States. The company holds a land of 602 acres on lease in central California to grow hemp for extracting CBD and the use of fiber in clothing and other materials. It also focuses on the exploration and production of supporting products for electric vehicles, such as lithium carbonate and lithium hydroxide, and battery production. The company was incorporated in 2014 and is based in Las Vegas, Nevada.