Replies to post #88365 on ProText Mobility Inc (TXTM)

[wiredawg]

Dang, .06 per lb.

A quick google search & I found this:
Note: this response was from the "People also ask" heading

What is the current price of hemp biomass?
A pound of biomass averaged about $1.20 in the autumn of 2021. Since then, the price has risen to $1.50 per pound and in some cases hemp is fetching $2 per pound, Whitney said. Mar 31, 2022

This link (must pay for more detailed info):
https://www.hempbenchmarks.com/hemp-market-insider/october-2022-hemp-spot-price-index-report/

October 26, 2022
After stabilizing in Q3 2022 – albeit at record low levels – the assessed price of CBD Biomass sank to a new all-time low in October. While a harvest-season price decline is not entirely unexpected, many in the industry have been hoping for prices to recover given that acreage devoted to CBD hemp has contracted sharply and the amount of available biomass still viable for processing has reportedly dwindled. Acres planted for CBD in 2022 are likely down by roughly 98% from 2019, based on Hemp Benchmarks production estimates from 2019, and are down roughly 50% from even last year’s relatively modest crop, according to data from the U.S. Department of agriculture and its state-level counterparts. And yet, price erosion continues.

Despite the downturn in biomass prices, assessed wholesale prices for nearly all forms of extracted CBD tracked by Hemp Benchmarks ticked upward in October, breaking a three-month streak of across-the-board declines. As we covered last month, financial results reported by publicly traded CBD companies tell of persistently declining sales. Consequently, demand for hemp-THC products may be driving much of this month’s rise in prices for CBD extracts. Rates for delta-8 and delta-10 THC manufactured from hemp-CBD were also on the rise this month, as we detail in the full report.

The price for CBG Biomass continued to exhibit stability in October. Meanwhile, the observed price for CBG Distillate rose to its highest point since June 2021, as the price for CBG Isolate dropped to a new record low for the sixth month in a row.

In any case, current price performance (.0105 12:50pm est) is not impressed with the "Don't you want to know" campaign.