InvestorsHub Logo

zombywolf

06/20/22 10:31 AM

#80293 RE: zombywolf #80283

South Africa’s first crop of legally grown industrial hemp has just been harvested on his Normandien farm, Leeds Boerdery, reports Newcastle Advertiser.

Dr Jamalodeen, a general medical practitioner, businessman and seasoned farmer, began planting hemp (cannabis sativa) in December last year when he became the first commercial farmer in the private sector to receive a government-issued permit to do so.

The rest of the family-owned 5,000-hectare farms are used for cattle farming, as well as the planting and cultivation of timber, pecan nuts, soya, maize, barley, and other crops.

So much for the 5000 hectare farm brimming with billions of dollars of fine cannabis. Hemp is another entirely different thing-it sells for CBD use and is pennies, not dollars in value as a plant vs cannabis.

Still doing my DD, will post stuff that is applicable as I find it. Looking for good stuff too.

Paul Brentjens

06/20/22 10:58 AM

#80310 RE: zombywolf #80283

Now a big question is-what did RSAMMD Acquisitions LLC pay $TXTM for the preferred shares to control the company? I dont see anything disclosed about that. Did $TXTM give them for free? Usually when a company is bought out, it gets paid for in money or shares. Where is it disclosed what $TXTM got to lose control of their company?

Most probable explanation imo :
They come together. They get assets into txtm.
So they get something (assets), they gave something (ticker txtm).