Hemp glut causes prices to drop. Gaia has an advantage here.
https://www.hempmarketreport.com/hemp-glut-causing-prices-to-drop-unsold-harvests/?fbclid=IwAR2F2aovVt7gwQDO-nAozHFqAERuYUpZ-nMuGN9FqVxv4l38dDdj2ZRCJeE
Taken from last news release:
“Gaia now has exclusive access to technology that will increase the value of its own crop, as well as the ability to buy lower CBD biomass increasing its potency, viability, and significantly increase its value. Not only does it multiply the CBD percentage, but it also creates a product that extraction equipment can operate at a higher efficiency, eliminating the need for bale busters and manpower and most importantly saving time on each run. Our goal has been to build value for not only us as vendors of this amazing product, but also for the extraction facilities that purchase it - a goal I am happy to say we have achieved. This technology will create a second revenue stream outside of our own cultivation and allow Gaia to provide its offtake partners with near endless high potency CBD inputs and an overall better product.”