HempAmericana Inc (HMPQ)

[Brucebannerr]

I guess if they processed every acre that was planted in Maine. Not likely . Also they only use the stalks and seeds so cut the pounds in half . And not one of those acres belonged to hmpq so all they get is an extraction fee . The ten liter machine produces 2 1/2 gallons of oil. How many gallons per acre and how long it takes is up for debate . After that it still needs to be refined for retail sale . So maybe they can use it for 2 weeks a year to process somebody else's product . Its illegal to import hemp into Maine from any other state so thats out of the picture . All hemp in Maine must be grown outside and tested before harvest to insure THC levels .
Throw in the overhead for the state of the art barn with the mystery address . Throw in the million dollar a year salary for the single employee / CEO. Going to be hard to make the payments on that 200liter rent to own extractor to sit idle for 10 months a year. Whch is why there are not dozens of real companies lining up to buy one . The $700,000. a week fantasy is just that .
And its the second year for growing in Maine , so yes 30 acres is very impressive.