Wednesday, December 02, 2020 10:53:44 AM
see (06-29-2020): https://sec.report/Document/0001683168-20-002123/spi_ex0457.htm - This Management Agreement (the "Agreement") is made as of July 24, 2019 (the "Effective Date"), among Native American Agricultural Company, Company incorporated under the laws of New Mexico with its office located at Farm Rd and 5th Lane, Shiprock NM, 87420, ("NAAC" or "Contractor"), and CBD and Hemp Group Co., Ltd., a Delaware corporation located at 4677 Old Ironsides Drive ("Company"), and Hemp Biotechnology, Inc., ("Management"), a California Limited Liability Company, with office, located at 24301 Southland Drive 217a, Hayward CA, 94545.
“Father” of Native hemp
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A marijuana enthusiast who has dubbed himself the “Father of Native American Hemp,” Benally has frequently advocated for more tribal investment in cannabis. In 2017, he tried and failed to get medical marijuana cultivation legalized in the tribal legislature. He ran for tribal president in 2018 and in the 2020 Democratic primary for U.S. Congress; he lost both times.
In 2019, Benally partnered with a Las Vegas-based financier named DaMu Lin, CEO of One World Ventures Inc., a publicly traded company that says it invests in cannabis projects on Native American land. DaMu Lin (no relation to Irving), who describes himself on Facebook as an “International Man of Business,” appointed Benally to the One World Ventures board of directors in March 2019, according to a company press release. The Shiprock operation also obtained funding from SPI Energy Co.
(see https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=14245808&RcvdDate=6/30/2020&CoName=SPI%20ENERGY%20CO.,%20LTD.&FormType=20-F&View=html), a publicly traded company based in Hong Kong.
“This is about sovereignty,” Benally told Searchlight in an interview in August. “The tribe has been failing us. These farms belong to the people, and so the people control what they want to grow,” he said, explaining that the crops being grown were hemp.
“Yeah, right,” one worker, Ven Yazzie, laughed when told about Benally’s explanation. “All I know is, you smoke it, it gets you high.”
Reaching into his backpack, he pulled out three containers of purple and lime-green buds that he said were given to him by a farm supervisor — a common incentive offered to the Navajo workers, according to multiple employees. He reached out his hand.
“Here, why don’t you go see for yourself?”
Although the origin of those samples could not be confirmed, Searchlight took them to a state-certified laboratory for analysis. Each contained between 20 percent and 27 percent THC — a higher concentration than the THC content of many marijuana strains sold in recreational dispensaries.
“That’s a very good plant,” Lin said, adding that he did not know any specifics of the strains tested by Searchlight. Describing the plants on the farms, he said, “I think about 80 [or] 90 percent is 1.4, 1.5 percent [THC]. But some could be higher.”
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