CIM: What do you plan on using the capital raised for?
SunIQ: The first part of the raise will go directly to building out our extraction line fully outfitting it with the equipment needed to operate successfully and aggressively expand upon our current capabilities so that we can accommodate the orders we have committed to, in excess of $60 million. Also, we plan to begin conducting education-based campaigns to increase accurate product awareness within the industry as well as create an informational outlet for the public. This campaign will include trade shows and speaking engagements to establish our protocol as an industry standard.
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CIM: What are the risks associated with your business? How are you impacted by federal legislation?
SunIQ: Unlike many industries, Hemp has been embraced by both sides of the aisle, Republican and Democrat. Currently, the Farm Bill has decriminalized the growing of Hemp. We see the need to provide feedback and partner with government agencies and representatives to ensure that only the most necessary regulations get passed in the future as it relates to this crop. That being said, this is a relatively new industry that requires industry leaders to set the best practices and standards in the day to day business so that all participants can safely and efficiently conduct
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