Cake I thought this might help in relation to hemp seed for...

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18/09/19

11:20

Post #: 40464371
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Originally posted by caketin: ↑

Well we're in the hands of the gods now BM. I've read through most of the prospectus, and with the exception of a lot of services being provided by the proposed CEO's related companies, it seems okay. I gathering these services were provided for none cash considerations, and that they were primarily to get a new company off the ground without crippling it with immediate debt.

I think this sector will go off, but first mover advantages need to be exploited quickly. Particularly with the grain, we don't seem to be crowded out yet. It will need expert management, so the retention of Petrisovic could be important for a big picture approach.

CBD in particular is one of the elements in the seed that doesn't appear to be clearly regulated. THC is strictly policed to 0.5%, but CBD has no analgesic properties but emerging significant medical ones. To be able to market the seed and it's by products as a health food might need further relaxation of the current legislation, but that's not clear to me after quite a bit of reading. If the none animal protein, Omega 3, 6 and 9, plus the CBD can all be part of the promotion of this product, we're off to the races.

Essentially, it's mostly going to be management that make or break this, but I am encouraged that most of the cash raised will go to stock piling seed and buying more processing equipment.

Fingers crossed hey?

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Cake I thought this might help in relation to hemp seed for consumption. If you can't sleep reading this may help
GLTHA.
https://www.odc.gov.au/hemp-products
ACL Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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