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I'd say this symbol has been abused for far to long with fake hype.
I've noticed the volume spikes here and there on this stock for quite some time. Never looked like much of a sure bet to me.
I did take some time to look into BLLB though. From what I've seen it is still a functioning and profitable company.
However sometime in 2008(?) BLLB dropped off the map when it comes to press releases, shareholders and updating information. In fact, it seem that the company believes it has completed the process to become private company. Members on the board have made phone calls and sent messages regarding the companies current position and the answer provided is always: "We're a private company".
Some individuals stay invested in this stock in hopes that one day the company, or "Captain Rodney", decides to update their information and communicate with their investors.
Afterall, one official press release could blow this thing out of the water it has been drowning in for some time now.
I tend to keep a slight eye on it from time to time just in case I see good opportunity. If I were invested I would be writing letters and making phone calls every day. Maybe they'll get the point.
Again I'll say, this symbol has been abused for far to long with fake hype.
I believe HEMP to be a good bet at this price, given the timing.
Thousands of acres are in the ground and harvest season isn't too far away.
Also there is a massive amount of hype built around industrial hemp in general. A lot of innovative and entrepreneureal minds looking at hemp from every aspect, health products and food to construction, plastic replacements, automotive industries, ..Etc. I have even noticed small start ups and individuals asking Bruce Perlowin of HEMP on Facebook for partnerships in making their hemp based products. Whether or not there are any actual deals in the works, I couldn't say.
That on top of HEMP having a very large facility and the hopes of the facilities equipment coming to completion in the near future brings, I think, the potential for a very large and vast amount of opportunity to HEMP Inc's door step. Still, it is up to them to work hard and make it happen.
Of course with all that being said, I would never bet money I couldn't afford to lose. It is still a bet after all.
Gailm, thanks for taking the time to do such a thorough reply! It is much appreciated.
LOL, though I wouldn't say that I am opposed to psychoactive medications.
Interesting. Are there any citations on the legality of Ringo's specifically? Under N.C. law - no more than .3% THC -couldn't Ringo's Gift be grown? Or perhaps because of Ringo's is a hybrid containing cannabis indica? I'm curious.
NC Law: "Industrial hemp. – All parts and varieties of the plant Cannabis sativa (L.)....that contain a delta-9 tetrahydrocannabinol concentration of not more than three-tenths of one percent (0.3%) on a dry weight basis".
Ahh, I see your point as well. I suppose buds aren't traditionally sought after on hemp plants.
Is there not a machine that has the ability to harvest just the upper portion of the plant? Then go over those rows again and harvest the stalks? Or better yet, a piece of equipment that does both simultaneously?
Even if not harvesting for buds wouldn't this be helpful in the collection of seed?
This information comes straight from CEO of Hemp Inc, Bruce Perlowin's Face book profile. You can also see a variety of other updates there, both in video and word form.
Isn't the abundance of THC the main reason why "cannabis sativa", being psychoactive, is a prescription drug and hemp is not? Not that CBD has no medicinal value.
Note: There is a drug going through trials with cannabidiol as the active pharmaceutical ingredient. Results look promising. ClinicalTrials.gov
That being said bring me to my next consideration; the inverse relationship you mentioned. Mainly because those, along with other cannabinoids, have been shown to work together in beneficial ways. So CBD works best with THC.
High THC sativa contains lower CBD and the reverse.. hemp having high CBDs has low THC.
Seeing as they both work best together, and perhaps and a 1:1 ratio, would it not be best for pharmaceutical companies to use the two varieties of plants together?
If they used just the high THC plant and not hemp then we are left over with an abundance of THC. So why not fill the void with CBDs from hemp?
Also, seeing as CBDs work better with THC, then wouldn't this "health fad" become less of a fad if the consumer also partook in recreational/medical marijuana?
Even if cannabidiol is just a health fad that doesn't rule out profitability and success. I believe health fads can rake in plenty of green.
That being said, your statements aren't completely inaccurate. Yes the longest day of the summer is coming up, shorter days follow.. flowering will be triggered.
However North Carolina will still have 14 hours of sunlight until the end of July.
Hah, it is hard to mention Hemp without bringing up Bruce. He is still CEO.
As far the investigation goes, it is still on going. I would expect some updates in the near future though.
I'm unsure on the exact number of legalize states. I believe there are a mixture of legal states and states that have permitted growing as a research program, but yes there are around 30 who have owned up to industrial hemp.
No worries about asking questions, it is good to get a feel and be informed about what you're investing in.
That being said, if you haven't read Det Robert Thorne's reply to my post then I would recommend doing that now. He makes some corrections to my statements and brings on some interesting points you may wish to consider.
They've yet to make any considerable amount of money due to the availability of hemp in the past years. However I do feel that the hemp facility will, eventually, operational and perhaps in time for harvest season.
P.S. Thanks Det_Robert_Thorne For the correction and added information
Not a problem, I will try to answer these for you from my own perspective.
How is it new if the company has been around for quite sometime?
The industry itself is new, or renewed, to the U.S. since it had been banned for some time.
Several hemp companies sprang up in the earlier 2000s when there was generated hype with US bills being voted on in regards to the legalization of Hemp (industrial hemp bills of 2005 and 2009 I believe).
These bills did not pass however the hype did not stop. So now, after several years with of waiting, several states have started to research hemp themselves, start pilot programs for growing, etc..
In fact where Hemp Inc's processing facility resides, North Carolina's Hemp pilot program started in 2014 but it wasn't until this year that approved North Carolinians were able to start growing it in their fields.
So you see, Industrial hemp has bee. in talks and mentioned for years as a possibility, so in turn companies emerged in hopes to gain an advantage of being the early birds of legalization.
Why has the stock price dropped so much over the years?
There is a variety of reasonings for this.
The most notable that a person might identify is an investment fraud ordeal with CEO Bruce Perlowin involving the Penny Pot Boom of 2014. You can google Bruce Perlowin and read more about it.
Other than that, I would say that the price has dropped over time with dwendling hype. As I mention before, industrial hemp has been in talks of legalization for over 10 years now so naturally the hype has risen and declined with the outlook being so previously uncertain.
Again, this is just my own personal opinion of it all.
As far as what the price will be in a year, there is no definitive answer. As Condor said, this is a fairly new industry.
After harvest season comes and processing starts, along with results of pilot programs, you should have a better feel on how the market may perform in the next year.
If you are interested in getting in this sector then I would personally suggest doing it now, in the early stages, and holding on to them for awhile.
Buy 'em cheap while you can. Don't be discouraged with the fluctuations in price. Ride it out and hold on to your pants.. It's a new, literally sprouting, market.
I say give it a few months. Once hemp plants are growing tall in the fields, a lot more people will notice and it'll receive more hype.
I would imagine harvest season and the results of pilot programs will generate more beneficial attention to hemp, and Hemp Inc, as well.
We'll see how the Hemp Inc processing facility takes off. I feel it is crucial that Hemp Inc uses what they acquire from harvest to produce not only the best financial results but also a highly marketable one. There is no time to dibble-dabble with this or that. If they hit the right area of the market hard then who knows what the outcome could be.
Best regards to anyone invested in any hemp industry.
However I do find myself a bit lost within your words. Reminds me of a salesman.
This "salad dressing" you are referring to is Hemp Oil, as in just plain ol' oil produced from the seeds of the hemp plant?
CBD is no good without higher THC?
Hemp has higher amounts of CBDs and lower THC whereas Marijuana is usually the opposite, Higher THC levels and lower CBDs.
Perhaps you are confusing Hemp Seed Oil with CBD oil derived from hemp.
"HEMP OIL is fabricated from the plant called hemp. In other words, it is a hemp extract taken from the seeds of the plant".
"CBD OIL is the short form of the term cannabidiol oil. Cannabidiol is a natural component of industrial cannabis or hemp".... "It is made from the flowers, leaves and stalks of HEMP and NOT from its SEEDS like hemp oil."
Yes CBD oil made from hemp would contain low THC, but are plenty of beneficial medicinal uses for high CBD, low/no THC oils and extracts.
In fact, doesn't North Carolina's have a medical program in place for CBD oils with little to no THC? A program primarily for children who suffer from epilepsy.
I believe there is quite a demand for pure CBD extracts with no usable THC content. Outlets for CBD oils like Charlottes Web and Bluebird Botanicals prove that.
"Our Kentucky hemp extracts contain over 80 different phyto-cannabinoids such as cannabidiol (CBD), CBC, CBG, CBN, etc.. In addition to the cannabinoids naturally present in our agricultural hemp extracts, there are also many other types of natural molecules and phyto-chemical compounds"...
I believe this was Hemp Inc sole purpose of the supercritical co2 extractor purchase to extract high quality CBDs right? Not Hemp Seed Oil. There was mention of high CBD strains being grown for Hemp in Colorado. And whose gonna spend the money on co2 extraction for hemp seed oil when you can do CBD?
European Industrial Hemp Association: "CBD has an upper market potential in Europe of € 2 billion if used as medicine for chronic diseases. Putting it on a level with over-the-counter medicine such as valerian, CBD has a minimum market penetration potential of € 24 million".
Perhaps I'm still missing something. Is CBDs not in the Hemp Inc plan, and/or is it not a viable option?
POTR apparently cleared $1.8M with their CBDs in one quarter.. who knows what it could be per quarter with the largest hemp processing plant in North America.
On a more agreeable note: I wouldn't suggest trading your Christmas trees for hemp plants either!! You're just the farmer and probably have pretty standard prices.
IE: you sell trees for $100/ea. Doesn't matter if the person is buying it for decoration, chop up and sell as firewood, harvest tree pulp, etc...
So that tree is $100 to you, no matter what. Just like, as a farmer, your hemp plants would have some basic standard value.
But depending on how the consumer uses that tree, it may be worth more to them after they've turned it - processed it- into a bench or something useful.
Just like turning your seemingly useless hemp plants into CBD. Processing=Profit.
If you wanted to make millions a year you would be better off processing hemp instead of growing? hemp.
Like turning grapes into wine. Corn into liquor. Tobacco into cigarettes .. we all know RJ Reynolds is making a hell a lot more off tobacco than the farmers are.
Again, thanks for the response. Always open to perspective.
Side note('cause of post limits): Thanks Condor65 for the information in your previous post. I haven't had the opportunity to take a hard look at it yet but I definitely will. Very much appreciated!
I'm uncertain if Hemp has the equipment at the moment to harvest and process the seeds, flowers and leaves however I do believe that cannabinoids are found in all of the hemp plant? Though a ~20% take is found within the flowers.
I may be incorrect.
Perhaps a decoration machine and a supercritical co2 extractor is all you need. Let the farmers who grow it do the harvesting.
...Let's call it 5. 5kg CBD per acre And a price of, from what I've briefly researched: ~$8,000 - $19,000 per kg ..You know what, we'll call it 5.. $5,000/kg
So at 2,000 acres you would hopefully looking at 10,000kg CBD And 10,000kg @ $5000/kg = $50,000,000.
'Course that doesn't include the cost of manufacturing, using the fancy extractor $HEMP purchased, labor and all that. However I do feel I used those numbers modestly.