Hemp Inc (HEMP)

[worldisfullofDerps]

FTFY: 'acquired it'

I was talking about the 1M pounds of processed bast fiber that has been sitting unsold in the nearly two years since HEMP bought it.

The kenaf was acquired when Hemp Inc purchased the decorticator at auction. It was an unexpected bonus. Yes, they had to throw some away due to mold, but so what? I don't think that can even be classified as a sunk cost.

Let's not forget, the decorticator was acquired for about a tenth of the manufacturer value, which is roughly $20M... and takes years to build.

LONG HEMP