GROW
HEMP
THE NEW WILD WEST
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There is a massive amount of information involved in the planning, planting, cultivation, production, pest management, harvesting, drying, and storage of Hemp - even farmers of more traditional crops who have swapped out acreage to grow hemp have had a few kinks to work out.
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There has also been a significant amount of volatility in costs, in market prices, in industry expectations, and more. Over time, and once the initial rush to the space levels out, standard/best practices are widely established, and writing/implementation of regulations are in place, the market metrics are anticipated to stabilize as well.
GROWER'S CURRENT FOCUS
IS MARKET FOCUS
Generation Hemp, Inc. has spent time on site with growers - some growing from seed and some growing from clones. We have walked through vast acres of outdoor farms and square footage of indoor farms.
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The majority of growing operations are taking advantage of the market for flower (CBD and other cannabinoids), and while that will continue, Generation Hemp is also taking a close look at Hemp for Hurd and Fiber.
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THE OTHER HEMP
AN OPPORTUNITY
In 2020, hemp being grown for fiber was up 6 points to 17%.
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Although the attractive return on investment, including sweat and risk investments, of growing flower varieties of hemp makes it the obvious, current choice in a young U.S. market, the growth of the fiber/hurd market may be one to watch.
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(Hemp Industry Daily)
HEMP FOR FIBER
IT'S COMING
The currently under-utilized fiber varieties of hemp in the U.S., combined with global statistics of hemp for building materials/textile purposes, show a significant opportunity.
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With the U.S. landscape and the global landscape in mind, the information below illustrates the untapped growing opportunities in the U.S. for building material/textile and other applications of hemp.
U.S. HEMP ACREAGE OVER TIME
Source: votehemp.com
2016
9,770
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Total U.S. Acres
2017
25,713
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Total U.S. Acres
2018
78,176
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Total U.S. Acres
2019
511,442
U.S. Acres licensed​
~230,000 Acres Planted​
~up to
138,000
Acres harvested
2020
465,787
U.S. Acres licensed​
70,530
Acres Planted
~up to 33,844
Acres harvested
PARTS OF HEMP STALK
INDUSTRIAL/TEXTILE USE EXAMPLES
HURD/SHIV
FOR
MATERIALS
Some Applications:
Animal bedding
Building materials
Fiberboards
Insulation
Stucco/plaster
BAST FOR
FIBER
Some Applications:
Automotive Parts
Bio-composites
Canvas
Carpets
Caulking
Containers
Geo-textiles
Insulation
Packaging
Paper
Rope/twine
Textiles
GLOBAL MARKET SHARE & SALES
BY HEMP PRODUCT CATEGORY IN 2018
OUR TAKEAWAY
HOW WE USED THIS GATHERED INFORMATION
As this section indicates, Generation Hemp, Inc. has used global data, historical data, and its collective experience to recognize that this first phase of Hemp's reintroduction into the U.S. economy will likely be followed by an explosion of Industrial Hemp's fiber varieties grown and utilized for building materials, textiles, and other utilizations that are outside the pursuit of cannabinoids...and it will change the world.
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We have aggressively sought out the players that are in this space in the U.S. and are taking steps to help facilitate the infrastructure that is needed for Industrial Hemp to be more fully embraced by growers and manufacturers. We are confident that we will have a first-mover advantage and be a major player in this segment.