Friday, October 04, 2019 2:27:54 PM
In regards to the hemp processing bottleneck:
Bruce stated in a recent interview that local farmers have been contacting him to process their hemp. One farmer with 2000 acres recently contacted him to process their hemp. The farmer failed to plan ahead and make sure that he had the ability to process that massive amount of hemp.
Bruce claims that most of the 2000 acres will rot or mold in the fields because no one can process that amount of hemp at this time. You would need buildings much bigger than what Hemp Inc currently has to process millions of pounds of hemp. There are going to be a lot of failed harvests similar to this.
Of course, Hemp Inc cannot harvest/process 2000 acres when they have their own fields to process throughout their massive network of farmers.
What this means to me is that hemp inc will have all the processing business in the near future that they can handle and then some. When the processing infrastructure is further built out in the future, I am sure that hemp inc will be able to help and work with most requests that they receive.
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