Hemp Inc (HEMP): This Company is a startup, and what you...

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Condor65

Re: Gailm post# 57566

Wednesday, 07/01/2015 8:59:03 AM

Wednesday, July 01, 2015 8:59:03 AM

This Company is a startup, and what you have read as losses are investments.

Talking about this company as if it were FCA or Citigroup is ridiculous, as well as wrong.

The million $ that you are talking about has been used for legitimate expenses, like infrastructures and promo.

Starting a new plant requires patience: after over one year we have all the authorizations and the plant will be operative in short time.

Mr Busch ( engineer of Temafa ) is on site from a month.

The industrial hemp is not product in US, and until now haven't a market because is federally illegal.

According to D_R_T the few Companies technically legal (50 states) in CBD market are CannaVest,a Florida company selling CBD Essence (?), Endoca in Copenhagen and Bluebird Botanicals): all these Companies are using hemp produced in Europe.

The situation will change when HB525 and SB134 will be signed.

Until that moment we can grow and work with kenaf: a good alternative.

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