Saturday, January 09, 2021 2:00:36 PM
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A Dash of Hemp for Good Measure
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In case that wasn’t enough of a shocker, I recently learned from InvestorPlace contributor William White that SPI Energy also plans to venture into the hemp and CBD business.
As White reports, SPI “is teaming up with Native American Agricultural Company and the Navajo Nation to conduct its hemp and CBD business. This will have the three working together to cultivate hemp in the Navajo Nation.”
Somehow, this news didn’t cause a stock price spike like the electric vehicle news did. Perhaps this is because anything that touches electric cars is buzz-worthy nowadays. At the same time, hemp has lost some of its mojo in recent years.
Again, the details provided by SPI Energy are scant. But hey, at least we know that the company did obtain licenses from the Navajo Nation to test, cultivate, process, distribute and sell hemp.
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