I'm not saying that the total crop is 400K lbs @ 10%
What I'm saying is that the crop could be 1.1 mil lbs to 1.2 mil # lbs with a worst case scenario of up to 400K lbs at a low %CBD due to possible snags
with late drying (end of OCT to early Nov). This is the only window not accounted for in the 28th Oct ann.
This would leave 700K lbs to 800K lbs at a %age CBD as expected ( say 12% to 14% CBD)
hempbrokers.us cited 11% to 18% for our respective 3 strains but, IMO, paddock drying might reduce that abit.
This, IMO, is the worst case scenario , but I still expect a better result than that.
Logically, the harvest should have been reported by now and, IMO, there has to be some complication with qualifying totals; otherwise the ASX
would have compelled CLI to announce the total poundage & CBD %ages before now, IMO.
If we go by the company announcements to the 31st Oct 2019, then the harvest should be OK, IMO.
If say the harvest was done in 3 stages a week apart* & that cutting commenced on the 7th Oct , then the program could something as follows
-One third of crop cut between 7th Oct & 10th Oct + 5-7 days drying takes us out to the 14th Oct max to complete drying
-One third of crop cut between 14th & 17th Oct + 5-7 days drying takes us out to 24th Oct ( this should have taken us out to the offtake Ann on the 28th Oct)
-One third of crop cut between 24th & 27th Oct + 5-7 days drying takes us out to 3rd of Nov (this is the one third of the crop which, IMO, may not have been covered by the 28th Oct ann and may have been "weathered " due to less than ideal paddock drying weather.
All of this is IMO only and provides rationale for the worst case scenario above and a speculative theory as to why the total harvest is not yet reported.
We should all know soon what the real story is.
IMO, investors should always do their own DD & consult a licensed financial advisor before making any investment decision.
*From memory it took 3 weeks to plant the crop so ligically cutting should have occurred over 3 weeks also, IMO.
# For CLI to have a case to sell its hemp ag services next season it will have to demonstrate high poundage, IMO.
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