That's a mighty fine stretch of the imagination
But the CEO never stated - past, present, or future - that the Temafa/MacTavish lines will never be made operational.
What he HAS stated is the hemp line is staged for future year's production, or what would be known as CRITICAL MASS.
This is not a hard concept to understand. If HEMP - as a fiber processor - wanted to be considered a reliable source of process hemp fiber, they would need a reliable source of hemp fiber. The acres just aren't there yet, not within their market, at least.
Again, the market in NC has scaled from under 1000 acres harvest in 2017, to now almost 13,000 acres licensed, and several million sq ft in greenhouse grows. Of that, I would safely estimate that 95% of what's being grown is high-CBD hemp, with big buds and minimized stalk. Even still, that high-CBD hemp stalk can be processed down, but not as ideal as what would be produced with long-stalk hemp plants.
To put it simply, the big decortication line is IDLE, awaiting enough production volume to merit finishing the installation for high processing volume.
The necessary EQUIPMENT is an ASSET to the company, and will be fully utilized when it makes economical sense to begin processing fiber.
It's no different than a large manufacturer operating in a production facility where they only use 30% of the space available, as said company expects production to ramp up, and will later fill in the rest of the area with more assembly lines as market growth continues.
Not a hard concept to understand.
I think Bruce was accurate with his statement that hemp fiber isn't (and likely will never be) vastly profitable. But neither are beans, apparently, but production must go on. The unthinkably endless amounts of uses for fiber will make operations sustainable, and revenues will be made.
It's a volume play, not a margins play. All commodities industries understand.
Maybe we should ask Bruce directly? They have emails, telephones, and facebook DM's...
