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CCIM: How important is your hemp extraction lab build out?
HMPQ: It is the most important venture in our new growth strategy. We have begun shifting our attention from online and retail sales to the actual extraction and production of products. We believe this is where the real growth is and this is where our investors can see shareholder value.
CIM: Could you explain your e-commerce platform?
HMPQ: Our e-commerce platform, although simple at face value has become quite complicated. We have had sales, however, it is becoming increasingly difficult to accept payments through any of the mainstream payment processors. Paypal, Shopify, and others have already pulled out of businesses selling CBD or hemp related products. We do have inventory online of our main products, rolling papers, and CBD oil.
CIM: Could you explain your revenue model? How do you plan on making money?
HMPQ: Our revenue model is multifaceted. The biggest stream of revenue we are expecting is from our CBD extraction systems. Each new machine we place and joint venture we complete will result in a big boost to top-line revenue. Additionally, we plan to generate revenue from licensing and branding of our hemp and CBD based products to retailers and suppliers domestically. If we are able to successfully execute on the business model above, we will revisit marketing our current line of CBD oils and produce larger ranges of flavors and formulas.
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