Hemp Inc (HEMP)

[Det_Robert_Thorne]

Then give us something more recent

In 2007, Biotech Mills was an operating company, making products out of kenaf, but by 2013 it had renamed itself Kenactiv Innovations and went bankrupt.

If you can come up with a more recent report, then please post it.

Even if the price of raw kenaf stalks has doubled in the past nine years, which I would seriously doubt, that's still only $0.055/lb.

The 7,000 pound sale would only mean $385 in revenue, and a 5M pound sale would only generate sales of $275K.

The money is in the processing, and Hemp's processing equipment doesn't work.

As to the "migration strategy", in that silly web interview from last week, Perlowin was crowing about how much money they could generate from Kenaf before the hemp crops are large enough to warrant switchover.

Which won't happen for two to three more years.

So kenaf it is!