Hemp grain can sell for anywhere between $0.60-$0.65 per pound, and on average, hemp farmers get about 1000lbs of hemp grain per acre. After taking into account costs, which can range from $300 to $350, farmers can make around $250 to $300 per acre. Similarly, hemp fiber sells for approximately $260 per ton. On average, hemp crops can yield about anywhere between 2.5 to 3 tons of hemp fiber per acre, which means after costs farmers can make upwards of $480 per acre in profit. Much of the fiber market depends on industrial processing capacity, and at present, there is little in the emerging US market.
So currently per 2018 100 Acres was already planted with 23000 available.
So @ 100 Acres = $48000 2018
23,000 Acres = $11,040,000 Possible
SGMD and other similar companies need the growth to begin processing the hemp. Step One invest and grow, the market will utilize itself as needed into what we are basically seeing today. The Hemp and CBD market explosion.
The money laid out to get rolling is not just gone this will be a huge industry in the US and Canada for ever now.
So Basically SGMD is investing in the startup of a direct supplier and they also buy supplies from SGMD. An easy capital investment for the company as they get ROI from both sides if the initial. When J&K have soaked up the 138+M this will turn around and we will see filings lining up for a few months as the propriety investment begins to shape up. 50 Days of share buying from June 18th. GLTA SGMD. now back to work.
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