Ann: Suspension from Official Quotation, page-95

The longer that CLI stay in suspension, the more comfortable I am that they are in negotiations of deals for the JV Flower and/or remaining biomass. CLI cannot allow any information to leak about these deals while trading is open on the ASX as it will lead to increased manipulation of the SP and increased speculation. Therefore, CLI have needed to put the company into a trading suspension while they finalise any contracts as they must maintain their ASX integrity requirements.

I am still confident we will sell the remaining biomass. There is a lot of lesser quality CBD biomass for sale currently, and much of this is from farmers who have elected to crop hemp by joining the green rush. Many did not source quality seed and this product has flooded the market. Many of these producers have lesser quality product and are struggling to sell as processors are looking for the highest quality CBD% product to process. Processors want high CBD% biomass as they need to process less of it to get more CBD oil from it. This increases the processor's efficiency, leading to more $ for their own sales and products.

This alone holds us in good stead. Even if this announcement is not what we are hoping for, we have high quality CBD% biomass and a quality smoke-able flower on the market. Given the quality, there will be sales of our product IMO.

When this happens, CLI will have proven they are a quality hemp producer who also offers Ag Tech and Cropping support for Hemp Farmers. Those who wish to remain in the industry would be mad to try again without support if they have produced low quality CBD% hemp this year. Also, our product has fit easily within the legislation that has been proposed by USDA about THC and THC-A levels being under 0.3% THC for a 2020 crop. The future of CLI when these things fall into place will see us have outstanding revenue in the post 2020 cropping periods into 2021.

With changes in legislation imminent in regards to CBD and the US election around the corner, the question at this point is; how heavy do i remain in CLI and should we ride it all the way into the Q1 2021 period? This is where i see a peak coming, IMO. Thoughts?