Gaia Grow Corp C.GAIA

GAIA updates on Hemp ?????

[Jesse1945]

Does anyone know of any updates pertaining to the Hemp operation that was put out in a news article in the summer? I just copied it out of the news article for your viewing pleasure HEMP Since having taken over the facility in Lacombe for the expansion of milling operations in mid-June, bale breaking has gradually resumed over the summer months with the intent of separating fibre, seed and flower in preparation for their sale down respective supply chains. Fabrication and modification of additional specialized equipment is expected to complete in the coming weeks, which will speed up the bale breaking and the post-harvest separation operations. To provide perspective, the current pace of separation and milling currently runs at a pace of approximately 1-1.5 bales per hour and once the new equipment is in place and operational, it is anticipated that it will allow Gaia and Enagon to reach speeds of 3-5 bales/hour at a minimum, a huge shift of pace which will both consume Gaia's bales faster as well as facilitate intake of third-party biomass for toll-processing in the future. Efforts in developing sales contracts, both with Gaia's Joint Venture partner CannGroup, as well as other buyers for the various products that come from this tri-crop plant. Fibre, seed and flower will each be sold down their respective income-generating supply chains, per Gaia's original hemp-focused business model. Further updates on these sales contracts will be released as they are completed and signed. Additional expansion of the CannGroup joint venture for processing of the milled hemp into extracted crude, distillate and isolate is underway, with contracts having been developed over the summer months. Further updates on the completion of the contracts will be provided to investors as they are completed and signed. In addition, CannGroup has completed and submitted its Evidence Package for a Site B Expansion for an extraction and formulations-focused processing site in Calgary, Alberta. Estimated timing on the approval process for this Site B is anticipated to be around the end of Q4 2020.

[optex1972]

By timelines we gotta be days or weeks at most for enagon to get their HC certification. Then Gaia Grow can sell that hemp milled "finally" and get some serious cash in the till. I also suspect to hear updates on first store opened and the next ones coming which at least will start injecting immediate revenue once open as well. Looking forward to 2021 here. 

[Jesse1945]

I hope your correct about Enagon and hope there is some news soon. To me it doesn't look to promising if they haven't said anything in months. Hope you have some inside information that you are holding onto.