So how was the tour? I heard it lasted about 6 hours instead of 2.
My apologies on the delay since the tour. Signal is scarce out in those parts, at least on my end. I did take advantage of the long weekend and extended my trip. The event did last, for the majority of the crew, until around 2:30pm. A few stragglers stayed for as long as 3 or 3:30 from what I've heard.
Good experience and interesting people. I exchanged information with several and discussed perspectives with a few over e-mail.
As we all know, the decortificator was put on hold . This was done for, what I believe, the best interest and strategic outcome for Hemp Inc and its shareholders. I'll explain.
Federal lawheld up states abilities to effectively import seeds for the prime part of planting season. This inevitably resulted in a shorter growth period and shorter plants, meaning less fiber.
However, this is exactly why Hemp Inc's decision to put the decortificator on hold was advantageous. Going in this direction made it so that, despite the late start on the season, the crops have been an overall success. A lot of farmer focus has shifted from fiber to flower - for the CBDs - thanks to Hemp Inc and the Hemp University for the focus on "small family farms". With hardly any fiber coming from this first outdoor harvest season the decortificator would have small work compared to the extractor.
Hemp Inc's decisions and handling of the late growing season has beenpromoting a farming community where planting times and seasons won't matter as much (greenhouses and other indoor growing). This is a HUGE foundation for the beginning of the Hemp industry to build and grow off of.
From what I've witnessed it would seem that Hemp Inc is setting itself up to be what it actually is - the largest hemp processing facility in North America. While things haven't went in the smoothest of ways Hemp has not been sitting by idling and wasting time. The things they are working on and the relations they have made in the community are going to play a huge role in their success.
There is an absolutely HUGE amount of talk around this area in North Carolina about hemp. People who already own land, people looking to buy land..everyone is wanting to try a piece of this and grow some hemp. That being said, the locals and farmers who I've spoken with are nothing but helpful and open to assisting others who to be apart of the Hemp Revolution. It is a very inviting environment to be in.
I heard at least 3 separate conversations with different people who had land in the area and were interested in growing hemp, though they didn't have farm equipment. Contact information was exchanged and some deals are in talks with generous farmers in the area offering their equipment and services.
One farmer I spoke with said,
This crop hasn't been grown here in a long time. We are farmers used to tobacco, cotton, soy, corn.. totally different plants. So there has definitely been a learning curve here and everyone's really came together to try different things and help each other out. It's like a family and there's been no room for trade secrets. We all want to succeed and help this industry grow.
Farmers in the area have been discussing different growing techniques and figuring out ways of converting farm equipment for use with hemp. Tobacco barns repurposed for hemp seem to be a hot commodity.
I spoke with another farmer wanting to convert 100 acres of soy to hemp next year in the area.
Several others I met with, some from out of state, we're highly interested in buying land to farm hemp in the area. There is a ton of open land and land opportunity in NC and especially in Hemp Inc's area.
I spoke with a few farmers who are putting up greenhouses in hopes to continue growing hemp during the off season this winter.
Hemp Inc has a 150ft long greenhouse being built with a geothermal pump to control root temperatures. Plans for up to possibly 4 or 5 more.
We've got clones on clones on clones. Soil, aeroponic and hydroponic.
We have plans for another clean room and another extractor - possibly going with a Ethanol based extractor vs the last one being Co2.
The decortificator is now set as a priority to be done in time for next year's harvest season ...As it should be seeing as there probably won't be many fiber focused grows over the winter.
A lot of people experimenting with genetics and testing to make new Hemp strains . Next year should be very interesting.
There are greenhouse/indoor grows set for growing over the winter off seasons, focused primarily on CBD grows and cross genetics.
The only solution I know of for me Until I can go and see for Myself, before I go all in. Is to wait for the dips to buy any more and if it spikes then sell half on the spike. If It dips double down until it spikes and then sell half and use the profits to re-buy the dips. Wash Rinse and repeat always keeping enough shares incase it has another Blue Sky Break Out.
As far as investing goes: I will always keep some extra hemp in my pocket.. and by all means, if you agree, then you can invest wisely an make your money back on dips.
I say it's going to have its fluctuations for awhile; until things really ramp up during the next year. But..when this thing rockets you're gonna want some hemp in your pockets
Bottom line: I'm doubling down. Just my opinion but I really liked what I seen and the direction Hemp Inc is heading in, both business-wise and with the community.
Side note: Now I, myself, am considering the purchase of some land and pulling a hemp growing permit too. $$$$$$$$$$$$$$$$$$ Go $Hemp. Grow $Hemp.
