CLI chart is half interesting, just poked its head thru a...

CLI chart is half interesting, just poked its head thru a neckline at 1.5 cents on Friday arvo. Touched 1.7 and closed at 1.6 cents. Highest close since December.


They have leased 150 acres in Oregon to grow Hemp Biomass,

here is a recent Finfeed article from the CLI their website

https://finfeed.com/small-caps/technology/croplogic-trial-farm-produce-high-volume-hemp-biomass/

here is an extract from it regarding likely production and price.




From what I can find on the net the cost of sowing Hemp in the US is approx $500 an acre. Obviously they'll be contracting the sowing
and the harvesting out and there'll be the cost of leasing the land as well but if you said all up costs were $2000 then the total cost would still only be $300 000. Even if they were $5000 an acre it would still be insignificant.


So looking at approx 14 million dollar profit if all goes as planned. Might be why the chart is breaking that neckline at 1.5 cents.

Market Cap is only 3.8 million. I estimate they will have approx $750 000 in the bank at the end of March going by the figures given in the last quarterly. I also think they may have paid the lease money already but don't know that for sure.