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Re: DarthYoda post# 14299

Tuesday, 03/17/2020 4:18:00 AM

Tuesday, March 17, 2020 4:18:00 AM

Post# of 22012
This will be my first year growing hemp. I have 19 tillible acres now. Just closed on a house with 8 more acres 3 weeks ago. I will only be planting 1 acre and my new house has a 54 by 106ft barn big enough to hang dry 3 acres of hemp. When I owned this stock I was going to plant all 11 acres with hemp this spring. Fast forward 6 months and the landscape is completely different. I have decided to rent the other 18 acres to the farmer for $1800.00. I have man power and equipment that would of made farming all 19 acres possible my self with little capital investment. Supply has outpaced demand by a huge multiple. That means the end price the consumer pays will continue to fall and as people realize CBD is a placebo for most of its current uses. Repeat customers will go down. I told the lawyer the other day hemps true calling is in industrial applications. I do believe CBD has it's place in the medical world too. Just not for everything under the sun. If I where to buy back in it would only be to flip this. Last year 4th quarter caused a good spike. So today might be a good day to do a buy and sell by April 1st.
Good luck to you. Looking at a individual company is one thing diving into the industry to start a business will really open your eyes.
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