Hemp Inc (HEMP)

[worldisfullofDerps]

Decorticator appraised as "VERY GOOD" condition

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.

The use of "very used" or "decrepit" is unverified and highly speculative.

According to press releases, the decorticator was appraised at auction as "very good" condition.

Appraised as "very good" condition, the decortication equipment was originally purchased for over $10,000,000.

https://www.globenewswire.com/news-release/2014/05/19/637424/10082253/en/Hemp-Inc-Purchases-Hemp-Decortication-Equipment-That-Was-Originally-Purchased-for-Over-10-000-000-to-be-Used-for-Core-Processing-of-Raw-Hemp-in-U-S.html

Also, the decorticator was purchased direct from manufacturer and lightly used for only a few short years, prior to kenactiv innovations bankruptcy.

There is ZERO evidence that the decorticator line is non-functional or "dead". It has been sitting idle as the market for bast hemp fiber reaches sustainable CRITICAL MASS. The reason the bast hemp fiber market has not taken off yet or plenty, starting with the lower profit margins as compared to CBD, hence why everyone is growing CBD hemp and not fiber hemp. The markets for fiber hemp will becoming vastly more economical once applied towards CLOTHING, BUILDING MATERIALS/WOOD ALTERNATIVES, DOOR PANELS, BIOPLASTICS, PAPER, and plenty of hundreds and thousands of other uses.

To say it for the tenth-hundred time, IT IS A PHASE IN to the decorticator. There are literally zero others like it of size and processing magnitude. It is in HEMP INC's possession, and will one day be fully utilized. They have other markets to pursue, prior to opening that line of services. Once the markets for that line are there, it will run non-stop.