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Kerpajo

102 Posts.

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11/12/17

20:30

Post #: 29548649
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Originally posted by sanok ↑

Very well put toghether Fox.
To all who are ramping this stock up, I wouldn't be so excited about revenue from hemp food.
We are competing with a long established giant-the Hemp Foods Australia which is the largest Australian certified organic hemp food wholesaler, retailer, manufacturer and exporter. They've got lots of expierience and Paul Benhaim on board (check their "about us" section).
But that's not all, there is another large grower and hemp food producer in Tasmania and one in Margaret river WA.
Just go to Ebay and search for hemp seed, you'll get several Australian manufacturers.
QBL says in their announcement dated 27NOv that they have advantage over other hemp food producers because QBL don't import, but grows here. What a bloody hogwash! Everyone is growing it here.
Anyway a competition is good for prices of this products to go down.

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I have to agree about the competition and in particular Hemp Foods Australia will be listing on the ASX in January under the company name, Elixinol asx code ELX. Thats when it will get really interesting IMO.

QBL Price at posting: 6.4¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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