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Wednesday, December 18, 2019 1:33:47 PM
After the reorganization in May, we quickly settled on a strategic plan for the rest of 2019 and into 2020. While the Company's original plan was to enter the hemp cultivation and post-harvest processing segment, during June and July we began to notice several ominous signs within that segment that indicated a looming oversupply of hemp and processed materials. Fortunately, we were early enough in our planning cycle to allow for a business redirection, thus allowing MCTC to avoid many of the well-publicized issues currently being experienced in the hemp sectors. This hemp industry upheaval had a silver lining for MCTC in that it has lead us to our current strategic direction., huge upside.
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