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Bullboard - Stock Discussion Forum Eureka 93 Inc LXLLF

Eureka 93 Inc is a Canada based company involved in hemp cultivation and CBD extraction operations in North America. The product offerings of the company include Wholesale CBD Products, Full Plant Extract and Isolate Powder.

GREY:LXLLF - Post Discussion

Eureka 93 Inc > something does not add up
View:
Post by lscfa on Jul 22, 2019 10:29pm

something does not add up

 

 

Vitality harvested 20,000 acres of hemp in 2018......

Vitality charged Livewell $10 million US for 1000 acres of hemp......

Vitality balance sheet shows only  $21 million US in raw hemp inventory at March 31/19..... 

Vitality in dispute farmers for non-payment.   

 

Suggests to me farmers harvested 20,000 acres in 2018 but Vitality took possession of a tiny fraction that.

 
Comment by zen2twenty on Jul 23, 2019 7:04am
The 20000 acres are low quality and low %CBD content. The farmers f'd it up by harvesting too early. E93 don't want it now. They are buy high % CBD from brokers. E93 may use the 20k acres of hemp at the NM plant once commisioned.
Comment by steven102 on Jul 23, 2019 9:18am
not only that, they are in business with a total of 33 farmers, so the very few Vitaly did not paid are only for bad quality reason, not like they are not paying nobody
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