Hemp Inc (HEMP)

[Det_Robert_Thorne]

Claimed 1M pound order, but nobody grew fiber

In the video, while talking about the North Carolina "largest hemp processing center in the western hemisphere", HEMP CEO Perlowin says:

We got a million pound order for fiber hemp, and nobody grew fiber hemp this year, so we want to get back to fiber hemp this year.

The then goes on to talk about grinding it up for the auto industry.

Which means that someone may have talked to him about a 1M pound order, but HEMP couldn't take it because it had no hemp fiber to sell.

The question that obviously follows is:

Why didn't HEMP grow a large quantity of fiber hemp in North Carolina in 2019?

Of course, what the auto industry wants, as was shown in the 2014 HEMP videos when it bought the (very) used, non-running decorticator at a bankruptcy auction, is long, decorticated hemp fiber to mix with resins to form door panels. It doesn't want a ground mix of fiber and hemp core.

More than 5 years after HEMP bought the decrepit decorticator, it still isn't running, which means that the company can't supply the decorticated bast fiber that the industry wants.

All it can do is grind the entire stock into an inferior product that doesn't fulfill the needs of those who need pure bast fiber or pure, absorbent core.