1
0:00:00 --> 0:00:05
Welcome to this presentation on industrial hemp.

2
0:00:06 --> 0:00:07
I'm gonna take you on a journey

3
0:00:08 --> 0:00:12
that shows the remarkable impact

4
0:00:12 --> 0:00:15
that industrial hemp and cannabis

5
0:00:15 --> 0:00:18
and all elements of the cannabis plant

6
0:00:18 --> 0:00:23
can have on every country.

7
0:00:23 --> 0:00:26
And that includes medicinal cannabis,

8
0:00:26 --> 0:00:29
that includes industrial cannabis.

9
0:00:29 --> 0:00:32
And so the word hemp means cannabis.

10
0:00:32 --> 0:00:34
When I use the word cannabis,

11
0:00:34 --> 0:00:36
it does not mean medicinal cannabis

12
0:00:36 --> 0:00:38
or recreational cannabis.

13
0:00:40 --> 0:00:42
I will share my screen.

14
0:00:52 --> 0:00:56
I'm the Chief Executive Officer

15
0:00:56 --> 0:00:57
and International Marketing Director

16
0:00:57 --> 0:01:00
of Textile and Composite Industries in Australia.

17
0:01:00 --> 0:01:03
We're manufacturers of the world's most effective

18
0:01:03 --> 0:01:05
and economic hemp decorticator.

19
0:01:05 --> 0:01:08
I will explain what a decorticator is.

20
0:01:08 --> 0:01:12
I'm Secretary of the Australian Industrial Hemp Alliance,

21
0:01:12 --> 0:01:15
Australia's peak national body for industrial hemp.

22
0:01:15 --> 0:01:18
And I'm on the board of the Federation

23
0:01:18 --> 0:01:22
of International Hemp Organizations, FIHO,

24
0:01:22 --> 0:01:27
which is now made up of 17 global organizations

25
0:01:28 --> 0:01:32
that have created a global federation

26
0:01:32 --> 0:01:37
to make sure that the development of all matters cannabis

27
0:01:37 --> 0:01:39
progresses in a consistent way.

28
0:01:39 --> 0:01:40
And one of the great problems with cannabis

29
0:01:40 --> 0:01:45
is the ridiculous attitude of most governments to cannabis.

30
0:01:49 --> 0:01:53
So this presentation is about industrial hemp

31
0:01:53 --> 0:01:55
that I say, that we say,

32
0:01:55 --> 0:01:57
our company says is a wonderful game-changing

33
0:01:57 --> 0:02:00
agribusiness opportunity for Australia

34
0:02:00 --> 0:02:04
and indeed every country on our spaceship earth.

35
0:02:07 --> 0:02:11
This is a global game-changing agribusiness opportunity

36
0:02:11 --> 0:02:13
that improves the environment,

37
0:02:13 --> 0:02:16
sequesters carbon efficiently,

38
0:02:16 --> 0:02:19
enables profitable and sustainable farming

39
0:02:19 --> 0:02:23
and reduces the global usage of synthetic chemicals

40
0:02:23 --> 0:02:26
and damaging products.

41
0:02:32 --> 0:02:36
This presentation, whenever I make a presentation,

42
0:02:36 --> 0:02:39
I make it in honor of Adrian Francis K. Clark,

43
0:02:39 --> 0:02:43
the founder of Textile and Composite Industries in 1994

44
0:02:43 --> 0:02:46
and the inventor of the world's best decorticator,

45
0:02:46 --> 0:02:49
a decorticator that does not need reading of hemp.

46
0:02:53 --> 0:02:55
I will just mute everybody.

47
0:02:58 --> 0:03:01
Adrian died on 15 October 2015

48
0:03:01 --> 0:03:05
and he was only 72 at the time.

49
0:03:05 --> 0:03:08
In fact, 40 years, 70, no, 68.

50
0:03:09 --> 0:03:12
He dedicated the last part of his life

51
0:03:12 --> 0:03:15
to solving the major problem of the hemp industry,

52
0:03:15 --> 0:03:19
how to decorticate without reading.

53
0:03:19 --> 0:03:23
And while this presentation is focused on the hemp industry,

54
0:03:24 --> 0:03:25
as I'm talking about it,

55
0:03:25 --> 0:03:30
please understand that producers of medicinal cannabis

56
0:03:31 --> 0:03:33
have a problem with the remainder stalk.

57
0:03:33 --> 0:03:36
They're either required to destroy it

58
0:03:36 --> 0:03:38
or they can't make use of it and they destroy it

59
0:03:38 --> 0:03:42
because it's literally considered to be waste.

60
0:03:42 --> 0:03:46
Our decorticator will enable eventually

61
0:03:46 --> 0:03:49
when we help wake governments up

62
0:03:49 --> 0:03:51
for medicinal cannabis producers,

63
0:03:52 --> 0:03:54
for recreational cannabis producers,

64
0:03:54 --> 0:03:56
to produce their products

65
0:03:56 --> 0:04:00
and to have the remainder stalk decorticated

66
0:04:00 --> 0:04:03
to produce wonderful, valuable products,

67
0:04:03 --> 0:04:07
thereby increasing, guaranteeing profitability

68
0:04:07 --> 0:04:10
for cannabis producers of all types.

69
0:04:10 --> 0:04:15
Now I said that Adrian started this company in 1994

70
0:04:16 --> 0:04:19
and I will tell you why he started it,

71
0:04:19 --> 0:04:21
but that was a visionary step.

72
0:04:21 --> 0:04:26
In 1996, he traveled to Kentucky and to Canada

73
0:04:26 --> 0:04:28
with his brother Anthony Clark,

74
0:04:28 --> 0:04:29
who is the current chairman

75
0:04:29 --> 0:04:31
of Textile and Composite Industries.

76
0:04:31 --> 0:04:33
I'm the chief executive officer.

77
0:04:33 --> 0:04:37
And he educated people in Kentucky

78
0:04:37 --> 0:04:41
because Kentucky was starting to take an interest in hemp.

79
0:04:41 --> 0:04:44
He educated people about the problem of decortication,

80
0:04:44 --> 0:04:46
went to Canada, did the same thing.

81
0:04:46 --> 0:04:51
And his efforts from 1994 have had a significant impact

82
0:04:51 --> 0:04:56
on the growth of hemp globally over the last 28 years.

83
0:04:59 --> 0:05:03
Now, the most expensive step in using hemp

84
0:05:03 --> 0:05:05
was the process of separating the hemp stalk

85
0:05:05 --> 0:05:08
into its component parts of fiber and herd.

86
0:05:08 --> 0:05:11
That's the process called decortication.

87
0:05:11 --> 0:05:12
It's a strange word.

88
0:05:12 --> 0:05:15
Until I got involved in hemp 10 years ago,

89
0:05:15 --> 0:05:16
I didn't know what it meant,

90
0:05:16 --> 0:05:17
but I do now.

91
0:05:18 --> 0:05:23
Our company, driven by our philosophy of helping farmers

92
0:05:23 --> 0:05:27
to become more profitable, independent,

93
0:05:27 --> 0:05:29
environmentally green and sustainable,

94
0:05:29 --> 0:05:32
developed a decorticating machine over the past 28 years,

95
0:05:32 --> 0:05:34
not 27 years, that eliminates

96
0:05:34 --> 0:05:38
these expensive processing costs.

97
0:05:38 --> 0:05:41
Now you might say, why did Adrian do this?

98
0:05:46 --> 0:05:48
Call from Patrick.

99
0:05:53 --> 0:05:54
Why did he do this?

100
0:05:58 --> 0:06:01
Because he was a lover of freedom, as am I.

101
0:06:01 --> 0:06:06
That's the reason why I'm in hemp.

102
0:06:09 --> 0:06:12
I fight for freedom in a range of ways.

103
0:06:12 --> 0:06:15
I am Australasian passion provocateur.

104
0:06:15 --> 0:06:16
I am a legal strategist.

105
0:06:16 --> 0:06:18
I've practiced law for 20 years.

106
0:06:18 --> 0:06:23
For the last 29 years, I have been a motivational speaker,

107
0:06:24 --> 0:06:26
a speaker on passion, a speaker on leadership,

108
0:06:26 --> 0:06:30
a speaker on strategy for business, big business,

109
0:06:30 --> 0:06:33
medium business, small business.

110
0:06:33 --> 0:06:37
But all of my work relates to freedom.

111
0:06:37 --> 0:06:40
I'm also chairman of the Australian Institute of Comedy.

112
0:06:41 --> 0:06:45
So, so everything I do.

113
0:06:59 --> 0:07:04
So everything I do has a theme related to freedom.

114
0:07:05 --> 0:07:06
Freedom.

115
0:07:07 --> 0:07:11
Adrian could say, and I agree with him,

116
0:07:11 --> 0:07:14
that the way to guarantee human freedom

117
0:07:15 --> 0:07:18
is to have successful, profitable,

118
0:07:18 --> 0:07:20
sustainable family farms.

119
0:07:20 --> 0:07:21
Why?

120
0:07:21 --> 0:07:25
Because farmers on the land, away from government,

121
0:07:25 --> 0:07:26
away from capital cities,

122
0:07:26 --> 0:07:30
they can tell government literally to get stuffed.

123
0:07:30 --> 0:07:33
They can tell government to go away.

124
0:07:33 --> 0:07:38
The alternative, which is the message

125
0:07:39 --> 0:07:41
driven by big business, says,

126
0:07:41 --> 0:07:43
oh, the only way that you can make money

127
0:07:43 --> 0:07:46
out of agriculture is by having corporatized farming

128
0:07:46 --> 0:07:49
with big companies running agriculture.

129
0:07:49 --> 0:07:52
That is a guaranteed way for us to lose freedom.

130
0:07:52 --> 0:07:55
I urge all people watching this presentation

131
0:07:55 --> 0:08:00
to understand that small, medium-sized family farms

132
0:08:00 --> 0:08:02
will guarantee human freedom.

133
0:08:02 --> 0:08:06
Just imagine the alternative of we're all living in cities,

134
0:08:06 --> 0:08:09
all cooped up, and there's major corporations running

135
0:08:10 --> 0:08:14
big corporatized agriculture, monoculture.

136
0:08:14 --> 0:08:16
That is a disastrous model.

137
0:08:16 --> 0:08:19
That's why Adrian Clark started this, because he said,

138
0:08:19 --> 0:08:24
so what's the crop that is going to most successfully

139
0:08:25 --> 0:08:29
enable profitable, sustainable family farms?

140
0:08:29 --> 0:08:30
He says, him.

141
0:08:30 --> 0:08:34
He says, well, why aren't people growing hemp?

142
0:08:34 --> 0:08:36
Because from hemp, you can make all sorts of things.

143
0:08:36 --> 0:08:40
And the answer was that it's hard to make money from hemp

144
0:08:40 --> 0:08:42
because of the problem of decortication.

145
0:08:42 --> 0:08:46
So he says, okay, I will solve the problem of decortication.

146
0:08:46 --> 0:08:50
So that's what he did when he started in 1994.

147
0:08:50 --> 0:08:52
And I'm delighted to announce

148
0:08:52 --> 0:08:55
that this big problem has been solved.

149
0:08:55 --> 0:09:00
For the past 8,000 years, the only way to separate

150
0:09:01 --> 0:09:03
the hemp plant, the stalk of the plant

151
0:09:03 --> 0:09:06
into its component parts was to commence with retting,

152
0:09:06 --> 0:09:08
the harvested stalk.

153
0:09:08 --> 0:09:12
Retting is a rotting process designed to break down

154
0:09:12 --> 0:09:14
the molecular bonds within the plant

155
0:09:14 --> 0:09:17
via biological action.

156
0:09:17 --> 0:09:20
Retting can be achieved in a number of ways.

157
0:09:20 --> 0:09:22
Soaking in hot water, the Chinese do that a lot,

158
0:09:22 --> 0:09:26
in huge vats of boiling water,

159
0:09:26 --> 0:09:28
leaving the harvested stalks in the field

160
0:09:28 --> 0:09:31
for three to six weeks, steaming the stalks

161
0:09:31 --> 0:09:33
or a combination of those.

162
0:09:33 --> 0:09:38
Retting is expensive, labor intensive, time consuming

163
0:09:38 --> 0:09:42
and entirely inappropriate for our Australian climate.

164
0:09:42 --> 0:09:45
So Adrian lived in Melbourne, Australia, where I live,

165
0:09:45 --> 0:09:47
but also for many climates around the world.

166
0:09:47 --> 0:09:52
But also, even if the climate is supportive,

167
0:09:52 --> 0:09:56
it's still labor intensive, time consuming, expensive,

168
0:09:56 --> 0:09:59
and also damages the fiber and the herd.

169
0:10:01 --> 0:10:03
So he identified the problems as, gosh,

170
0:10:03 --> 0:10:05
if we could identify that problem,

171
0:10:05 --> 0:10:07
then farmers would grow hemp

172
0:10:07 --> 0:10:11
and thereby secure their future profitability.

173
0:10:11 --> 0:10:16
And I'm telling you now that hemp is incredibly profitable

174
0:10:16 --> 0:10:19
and it doesn't matter how much of it is produced,

175
0:10:19 --> 0:10:21
it can remain profitable.

176
0:10:21 --> 0:10:25
Unlike most crops where if you push production up,

177
0:10:25 --> 0:10:27
the price comes down significantly.

178
0:10:28 --> 0:10:31
There are opportunities in the hemp industry

179
0:10:31 --> 0:10:36
for farmers, investors, designers of machinery,

180
0:10:37 --> 0:10:38
designers of industrial products,

181
0:10:38 --> 0:10:42
designers of materials handling systems,

182
0:10:42 --> 0:10:45
manufacturers of textiles and composites,

183
0:10:45 --> 0:10:48
food and cosmetic manufacturers, retailers,

184
0:10:48 --> 0:10:51
agricultural machinery suppliers,

185
0:10:51 --> 0:10:53
agricultural support services.

186
0:10:55 --> 0:10:58
Over the past few years, I've developed a mantra.

187
0:10:58 --> 0:11:02
I have copyrighted this HP by four.

188
0:11:02 --> 0:11:05
HP is the first and last letters of hemp.

189
0:11:05 --> 0:11:08
HP stands for healthy products

190
0:11:08 --> 0:11:12
that then help people become healthy,

191
0:11:12 --> 0:11:14
that makes our planet healthier,

192
0:11:14 --> 0:11:17
and at the same time producing healthy profits.

193
0:11:17 --> 0:11:20
Healthy products, healthy people, healthy planet,

194
0:11:20 --> 0:11:21
healthy profits.

195
0:11:25 --> 0:11:27
So this one plant,

196
0:11:27 --> 0:11:30
this one plant has 10 categories of products.

197
0:11:32 --> 0:11:34
There's a picture for you to contemplate this.

198
0:11:34 --> 0:11:39
So there's food, clothing, buildings,

199
0:11:40 --> 0:11:42
medicine, medicinal cannabis.

200
0:11:42 --> 0:11:45
I'll put into that side the recreational side.

201
0:11:45 --> 0:11:48
In fact, that would be an 11th category, wouldn't it?

202
0:11:48 --> 0:11:51
But we'll put it as medicine, recreational, fuel,

203
0:11:51 --> 0:11:54
ethanol you can make from the herd, ethanol.

204
0:11:54 --> 0:11:58
Like a country that imports fuel,

205
0:11:58 --> 0:12:01
can use the hemp to make ethanol

206
0:12:01 --> 0:12:04
so it doesn't have to spend its foreign exchange

207
0:12:04 --> 0:12:05
on buying fuel.

208
0:12:05 --> 0:12:08
And the other source of fuel is biodiesel

209
0:12:08 --> 0:12:10
from the hemp seed oil.

210
0:12:10 --> 0:12:14
Fertilizer, so using, so the hemp plant itself

211
0:12:14 --> 0:12:17
becomes a fertilizer because it rejuvenates

212
0:12:17 --> 0:12:19
and repairs soil.

213
0:12:19 --> 0:12:24
Composite materials, so hemp fiber can replace fiberglass,

214
0:12:27 --> 0:12:32
body care products, cosmetics, rope and twine,

215
0:12:32 --> 0:12:35
baling twine, and packaging materials.

216
0:12:35 --> 0:12:37
So the whole packaging industry

217
0:12:37 --> 0:12:41
with the waste that it produces can be totally replaced

218
0:12:41 --> 0:12:46
by biodegradable, compostable, recyclable hemp products.

219
0:12:46 --> 0:12:49
Now, all of this, since we've solved the problem

220
0:12:49 --> 0:12:52
of decortication, all of this can be done

221
0:12:52 --> 0:12:56
in a reasonably economic way.

222
0:12:56 --> 0:12:58
Whereas if you have to do the rating,

223
0:12:58 --> 0:13:00
the hemp products become much more expensive.

224
0:13:03 --> 0:13:08
So here's the sort of profitability for hemp growing.

225
0:13:09 --> 0:13:14
This is the indicative numbers for one hectare.

226
0:13:15 --> 0:13:20
It's reasonably accurate for US numbers as well.

227
0:13:20 --> 0:13:22
So you have to buy the seed,

228
0:13:22 --> 0:13:24
you have to grow it up to harvest,

229
0:13:24 --> 0:13:26
and so you have a production cost.

230
0:13:26 --> 0:13:29
Then you have to harvest and process,

231
0:13:29 --> 0:13:32
and then you produce products for sale.

232
0:13:33 --> 0:13:36
And these are accurate numbers.

233
0:13:36 --> 0:13:40
The fiber from one hectare, which is two and a half acres,

234
0:13:40 --> 0:13:43
2.47 acres to be precise.

235
0:13:43 --> 0:13:46
So two and a half acres or one hectare

236
0:13:46 --> 0:13:50
will produce three tonnes of fiber worth $7,500.

237
0:13:51 --> 0:13:55
Seven tonnes of herd worth $7,000.

238
0:13:55 --> 0:13:58
One tonne of seed for $3,000.

239
0:13:58 --> 0:14:03
So that's $17,500 of farm gate value.

240
0:14:03 --> 0:14:08
And the cost of producing that is your $2,000 growing cost,

241
0:14:08 --> 0:14:12
your $4,000 harvesting and processing costs.

242
0:14:12 --> 0:14:15
$6,000, take that off $17,500.

243
0:14:16 --> 0:14:19
There's the potential there for eight, nine, 10,

244
0:14:19 --> 0:14:22
$11,000 profit per hectare.

245
0:14:22 --> 0:14:25
And in many places in America, around the world,

246
0:14:25 --> 0:14:28
you can grow two crops a year.

247
0:14:28 --> 0:14:32
Now the one element that this does not take into account

248
0:14:32 --> 0:14:35
is the holding cost of your land.

249
0:14:35 --> 0:14:38
So if you have to rent land,

250
0:14:38 --> 0:14:40
then you have to take that rental cost

251
0:14:40 --> 0:14:41
off your profitability.

252
0:14:41 --> 0:14:44
Or if you own land, then of course,

253
0:14:44 --> 0:14:46
the interest on that capital cost

254
0:14:46 --> 0:14:48
has to be taken into account.

255
0:14:49 --> 0:14:54
Hemp is very profitable when you don't have to do renting.

256
0:14:54 --> 0:14:56
And that's what Adrian could see.

257
0:14:56 --> 0:15:00
And when you look at one hectare doing this,

258
0:15:00 --> 0:15:03
well, you can start to see that a 10 hectare family farm,

259
0:15:03 --> 0:15:08
25 acre family farm can make $100,000 profit per crop.

260
0:15:09 --> 0:15:11
So suddenly you start to see gosh,

261
0:15:11 --> 0:15:14
communities in regional and rural areas

262
0:15:14 --> 0:15:17
can literally start to lift them out of struggle streets

263
0:15:17 --> 0:15:20
by relying on this magnificent plant.

264
0:15:22 --> 0:15:24
So let's look at the cross section of this plant.

265
0:15:28 --> 0:15:32
The hemp stalk is made up of two key parts,

266
0:15:32 --> 0:15:36
the fibre on the outside and the herd on the inside.

267
0:15:36 --> 0:15:38
This is the case for every cannabis plant,

268
0:15:39 --> 0:15:41
whether it's produced for medicinal purposes,

269
0:15:41 --> 0:15:42
for seed purposes,

270
0:15:42 --> 0:15:45
all the cross section of the stalk looks like this.

271
0:15:45 --> 0:15:47
So get hold of a stalk and cut it

272
0:15:47 --> 0:15:48
and have a look at it yourself.

273
0:15:50 --> 0:15:53
The herd is approximately 70% by weight

274
0:15:53 --> 0:15:56
and the fibre is 30%.

275
0:15:56 --> 0:15:59
And the challenge is to take the fibre off the herd.

276
0:15:59 --> 0:16:01
That's what we do.

277
0:16:01 --> 0:16:05
And you can see the uses to which you put the herd.

278
0:16:05 --> 0:16:10
The herd, so animal bedding, mulch, chemical absorbent,

279
0:16:10 --> 0:16:13
fibre board, insulation, concrete, the fibre is rope,

280
0:16:13 --> 0:16:16
netting, canvas, carpet, biocomposites,

281
0:16:16 --> 0:16:19
non-woven clothes, shoes, bags.

282
0:16:19 --> 0:16:24
And then the whole stalk, which is a less profitable way,

283
0:16:24 --> 0:16:26
but the whole stalk can be used for biofuel,

284
0:16:26 --> 0:16:29
but it's much better to use the herd for ethanol,

285
0:16:29 --> 0:16:32
the biofuel from the seed, as I've talked about,

286
0:16:32 --> 0:16:35
paper products, you can use the whole hemp stalk

287
0:16:35 --> 0:16:39
to make pulp, cardboard and filters.

288
0:16:40 --> 0:16:45
So this is what a ideal fibre hemp crop looks like.

289
0:16:45 --> 0:16:47
So when I talk hemp crops,

290
0:16:47 --> 0:16:49
there are two ways that people talk about it.

291
0:16:49 --> 0:16:52
You have a seed crop or a fibre crop.

292
0:16:52 --> 0:16:57
Fibre crops go tall and straight like bamboo crops.

293
0:16:57 --> 0:17:00
They can go to 10, 12, 15.

294
0:17:00 --> 0:17:02
In fact, we've had reports in America

295
0:17:02 --> 0:17:05
of 18 foot high fibre crops.

296
0:17:05 --> 0:17:07
Now they're the same seed as a seed crop

297
0:17:07 --> 0:17:10
but they're planted close together

298
0:17:10 --> 0:17:12
so that the plant grows up.

299
0:17:12 --> 0:17:15
Now these crops grow in 90 to a hundred days.

300
0:17:15 --> 0:17:17
Look at that.

301
0:17:17 --> 0:17:18
That's just ridiculous.

302
0:17:18 --> 0:17:23
It's 12, 13, 14 feet in a hundred days from seed.

303
0:17:23 --> 0:17:24
So it's not permanent.

304
0:17:24 --> 0:17:27
You have to plant the seed and this is what it grows to.

305
0:17:28 --> 0:17:31
And this, every part of this biomass is valuable.

306
0:17:35 --> 0:17:38
Anticoidicator that overcomes the problem of retting.

307
0:17:38 --> 0:17:41
This is what it currently looks like.

308
0:17:42 --> 0:17:44
This machine is a machine,

309
0:17:44 --> 0:17:47
two of these machines are in Pennsylvania

310
0:17:48 --> 0:17:52
and we are having lots of inquiries with people

311
0:17:52 --> 0:17:55
all around the world who's starting to understand

312
0:17:55 --> 0:17:56
value of hemp.

313
0:17:58 --> 0:18:02
This machine is fully computer linked,

314
0:18:02 --> 0:18:04
internet of things linked.

315
0:18:04 --> 0:18:08
All of the elements of it are cross-referenced

316
0:18:08 --> 0:18:10
so that it can't be damaged in use.

317
0:18:10 --> 0:18:13
But it's a pretty sophisticated machine.

318
0:18:13 --> 0:18:17
It costs just under half a million US dollars.

319
0:18:17 --> 0:18:22
And the way that it works is that conveyor here,

320
0:18:22 --> 0:18:25
you send the, after you've harvested the hemp.

321
0:18:25 --> 0:18:28
So you have to literally slash the hemp

322
0:18:28 --> 0:18:31
and then bring the stalks to this machine.

323
0:18:31 --> 0:18:34
This machine sits in a shed in a factory

324
0:18:34 --> 0:18:35
and you bring the stalks,

325
0:18:35 --> 0:18:39
then you send the stalks up this conveyor.

326
0:18:39 --> 0:18:43
And then the decoidicator itself decoidicates

327
0:18:43 --> 0:18:47
and the fiber comes out this chute.

328
0:18:47 --> 0:18:52
And on this side, so the chute goes out the back there

329
0:18:52 --> 0:18:54
and the herd comes down this side.

330
0:18:54 --> 0:18:56
Or here's another view, the herd comes out here

331
0:18:56 --> 0:19:00
having been fed in on the other side of the machine.

332
0:19:00 --> 0:19:02
And literally it's a mechanical process

333
0:19:02 --> 0:19:04
where it separates the fiber and the herd.

334
0:19:04 --> 0:19:09
It's not 100% separation, it's 85 to 90%.

335
0:19:09 --> 0:19:13
So that means there's a small amount of herd in the fiber

336
0:19:13 --> 0:19:16
and there's a small amount of fiber in the herd,

337
0:19:16 --> 0:19:19
both of which can be separated quite conveniently.

338
0:19:19 --> 0:19:21
Another important principle is we're talking about

339
0:19:21 --> 0:19:23
a natural crop.

340
0:19:23 --> 0:19:27
So that the rules for the operation of this machine are,

341
0:19:27 --> 0:19:30
if you put, like any machine, if you put garbage in,

342
0:19:30 --> 0:19:32
you get garbage out.

343
0:19:32 --> 0:19:36
If you imagine this crop here being harvested,

344
0:19:36 --> 0:19:38
look how beautiful and straight that is,

345
0:19:38 --> 0:19:42
and you then feed that straight stalk up the conveyor,

346
0:19:42 --> 0:19:44
it's gonna give you a much better result

347
0:19:44 --> 0:19:48
than if you've got a crop that has been dried

348
0:19:48 --> 0:19:53
and damaged or got lots of branches.

349
0:19:54 --> 0:19:57
The decodicator was designed for fiber crops,

350
0:19:57 --> 0:19:59
but it will decodicate anything.

351
0:19:59 --> 0:20:03
It will also decodicate cannaf and other,

352
0:20:03 --> 0:20:05
it will decodicate flax, for example.

353
0:20:05 --> 0:20:08
But we're focused on hemp because hemp fiber

354
0:20:08 --> 0:20:11
is the strongest natural fiber on the planet.

355
0:20:14 --> 0:20:17
Now, this is the development journey.

356
0:20:17 --> 0:20:18
Have a look.

357
0:20:18 --> 0:20:22
This is what the D8 decodicator looked like in 2012.

358
0:20:24 --> 0:20:27
Isn't that, that's when I joined the company 10 years ago.

359
0:20:29 --> 0:20:31
That's what it looks like now.

360
0:20:31 --> 0:20:34
That's what it looked like then.

361
0:20:34 --> 0:20:38
So it's been an amazing development journey.

362
0:20:39 --> 0:20:42
Then that machine became this machine.

363
0:20:42 --> 0:20:45
So this machine is operational in Victoria.

364
0:20:45 --> 0:20:47
It's a demonstration machine.

365
0:20:48 --> 0:20:52
The essence of the D8 is in there.

366
0:20:52 --> 0:20:55
It's protected by confidentiality,

367
0:20:55 --> 0:20:58
and anyone who buys one of our machines

368
0:20:58 --> 0:21:00
has to sign confidentiality agreements.

369
0:21:01 --> 0:21:05
This machine then developed into this next version,

370
0:21:05 --> 0:21:09
which has all of the safety requirements for Canada,

371
0:21:09 --> 0:21:12
America, Europe, Australia,

372
0:21:12 --> 0:21:17
and also has digital linkage back to head office

373
0:21:18 --> 0:21:22
here in Australia of the operations of this machine.

374
0:21:22 --> 0:21:25
And so this machine that you can see on the screen

375
0:21:25 --> 0:21:28
now has turned into this machine

376
0:21:28 --> 0:21:30
with even more enhancements.

377
0:21:32 --> 0:21:36
So hemp fiber and herd is now significantly

378
0:21:36 --> 0:21:39
more cost-effective to produce without retting

379
0:21:39 --> 0:21:42
by using our D8 decoarticator.

380
0:21:43 --> 0:21:47
The D8 now enables, this solves the problem

381
0:21:47 --> 0:21:51
of hemp being a very real substitute for existing products.

382
0:21:51 --> 0:21:53
On the left, you can see raw hemp fiber

383
0:21:53 --> 0:21:55
that comes straight out of our machine.

384
0:21:55 --> 0:21:57
And then if you want to make textiles,

385
0:21:57 --> 0:21:58
you have to degum it.

386
0:21:58 --> 0:22:01
It's a cottonized process.

387
0:22:01 --> 0:22:04
You have to take the gum out of it.

388
0:22:04 --> 0:22:07
It takes about 40% of the weight,

389
0:22:07 --> 0:22:09
and then it becomes cotton-like.

390
0:22:09 --> 0:22:12
And from this, you make yarn.

391
0:22:12 --> 0:22:15
And once you have yarn, you can make any textiles.

392
0:22:15 --> 0:22:20
And not only yarn, you can also make non-woven materials.

393
0:22:20 --> 0:22:23
So the question of the fiber itself can be turned

394
0:22:23 --> 0:22:26
into lots of non-woven materials, the raw fiber.

395
0:22:26 --> 0:22:29
And then if the textiles, you have to degum.

396
0:22:29 --> 0:22:30
That's an extra cost.

397
0:22:30 --> 0:22:34
All of these, the setting up of that plant,

398
0:22:34 --> 0:22:35
that's more sophisticated,

399
0:22:35 --> 0:22:37
and you do not have to go

400
0:22:37 --> 0:22:40
to the end sophisticated products immediately.

401
0:22:40 --> 0:22:43
You can start on the easy stuff first.

402
0:22:45 --> 0:22:49
The secondary product after fiber is heard.

403
0:22:49 --> 0:22:51
Heard can be used to make hempcrete, paper,

404
0:22:51 --> 0:22:54
cellulose product, plastic, cellulose materials,

405
0:22:54 --> 0:22:57
fuel, ethanol, building products and building walls.

406
0:22:57 --> 0:22:58
It's like wood chip.

407
0:22:58 --> 0:23:03
The two guys on the left are standing on a big pile of heard.

408
0:23:03 --> 0:23:06
And you can see a handful of heard on the right-hand side.

409
0:23:06 --> 0:23:06
Just one moment.

410
0:23:10 --> 0:23:11
Sorry about that, Ali.

411
0:23:19 --> 0:23:22
As I'm sure you know, I will be available

412
0:23:22 --> 0:23:25
for questions arising from this presentation.

413
0:23:25 --> 0:23:29
And my contact details are also

414
0:23:29 --> 0:23:31
at the end of the presentation.

415
0:23:31 --> 0:23:36
So this is what a hemp, heard and binder wall looks like.

416
0:23:36 --> 0:23:38
This is called hempcrete.

417
0:23:38 --> 0:23:41
This wall gives maxill insulation, yet it breathes.

418
0:23:41 --> 0:23:45
It's fire resistant, fantastic for fire prone areas.

419
0:23:45 --> 0:23:48
And hemp houses made, sorry,

420
0:23:48 --> 0:23:53
and this material is termite proof, mold proof,

421
0:23:54 --> 0:23:57
and you can also make low cost housing from it.

422
0:23:57 --> 0:23:59
Now to give you an idea,

423
0:23:59 --> 0:24:01
for a smaller house from one hectare,

424
0:24:01 --> 0:24:06
from two and a half acres, you can make one big house,

425
0:24:07 --> 0:24:10
two medium houses, or three smaller houses

426
0:24:10 --> 0:24:13
from one, from two and a half acres.

427
0:24:13 --> 0:24:15
So, and very cost effective.

428
0:24:15 --> 0:24:19
And these houses also maintain a cool temperature in summer,

429
0:24:19 --> 0:24:21
a warm temperature in winter.

430
0:24:21 --> 0:24:25
It's just the world's best building material.

431
0:24:29 --> 0:24:34
Here's an example of a, of a hempcrete wall.

432
0:24:37 --> 0:24:40
You can do all sorts of designs in it.

433
0:24:40 --> 0:24:43
These were some local Australian aboriginals.

434
0:24:43 --> 0:24:45
You can color it any color that you want.

435
0:24:47 --> 0:24:50
And if it's facing the weather,

436
0:24:50 --> 0:24:54
you put a weather sealant on it that still breathes.

437
0:24:54 --> 0:24:57
So water can't go through, but air can.

438
0:24:57 --> 0:25:01
And that's the wonderful way that hempcrete performs.

439
0:25:01 --> 0:25:04
Now hemp composites are light and strong.

440
0:25:04 --> 0:25:08
So you picture that fiber that replaces fiberglass.

441
0:25:09 --> 0:25:12
It replaces carbon fiber in certain applications,

442
0:25:12 --> 0:25:15
and it reduces the cost of using carbon fiber.

443
0:25:15 --> 0:25:16
When mixed with carbon fiber,

444
0:25:16 --> 0:25:20
it makes carbon fiber less, less, less,

445
0:25:20 --> 0:25:22
less liable to shatter.

446
0:25:22 --> 0:25:23
It makes it more flexible.

447
0:25:24 --> 0:25:26
Shipping pellets, we made shipping pellets

448
0:25:26 --> 0:25:28
that you can see on the left-hand side there.

449
0:25:28 --> 0:25:32
A normal wooden shipping pellet weighs 80 pounds.

450
0:25:32 --> 0:25:34
That shipping pellet that does the same job

451
0:25:34 --> 0:25:39
as an 80 pound shipping pellet weighs under 20 pounds.

452
0:25:39 --> 0:25:41
So it saves on shipping costs.

453
0:25:41 --> 0:25:44
Now on the right-hand side is a car made

454
0:25:44 --> 0:25:48
out of a hemp composite body.

455
0:25:48 --> 0:25:52
So hemp composites are incredibly light, strong,

456
0:25:52 --> 0:25:56
and therefore fantastic for electric vehicles as well,

457
0:25:56 --> 0:25:59
but also for a whole range of products.

458
0:25:59 --> 0:26:01
Using, if you picture anything made out of fiberglass

459
0:26:01 --> 0:26:04
and plastic can be made out of hemp composites.

460
0:26:06 --> 0:26:09
So there are 10 significant advantages of hemp.

461
0:26:09 --> 0:26:11
Number one, it's environmentally clean.

462
0:26:13 --> 0:26:15
Number two, it efficiently and effectively sequesters

463
0:26:15 --> 0:26:20
carbon dioxide, 22 tons of CO2 per hectare,

464
0:26:21 --> 0:26:26
and the value of that CO2 is between 80

465
0:26:26 --> 0:26:29
and heading up to $200 a ton.

466
0:26:29 --> 0:26:32
So this is another profitability element of hemp.

467
0:26:33 --> 0:26:35
It uses minimal fertilizers

468
0:26:35 --> 0:26:38
and can be grown with zero chemicals.

469
0:26:38 --> 0:26:42
Efficient water usage, it uses 70 to 80% less water

470
0:26:42 --> 0:26:44
than cotton.

471
0:26:44 --> 0:26:45
It improves the soil.

472
0:26:45 --> 0:26:48
It's excellent, healthy, attractive profits.

473
0:26:48 --> 0:26:51
The products are natural antibacterial,

474
0:26:51 --> 0:26:53
antimicrobial, anti-mold.

475
0:26:53 --> 0:26:55
Each product that you can make from hemp,

476
0:26:55 --> 0:26:57
now I said there are 10 categories,

477
0:26:57 --> 0:27:00
over 25,000 different products.

478
0:27:00 --> 0:27:02
Now, so how can I have so many different products?

479
0:27:02 --> 0:27:05
Well, if you just take the medicinal side,

480
0:27:05 --> 0:27:07
you have your flowers and the buds,

481
0:27:07 --> 0:27:09
and you can do a whole range of products

482
0:27:09 --> 0:27:12
from just the flowers and the buds.

483
0:27:12 --> 0:27:15
25, some people say close to 50,000 products.

484
0:27:15 --> 0:27:17
We haven't bothered to do the numbers.

485
0:27:18 --> 0:27:22
You can value add to hemp raw materials in multiple ways,

486
0:27:22 --> 0:27:25
and you can supply local and global markets.

487
0:27:25 --> 0:27:28
So if markets don't want a certain product,

488
0:27:28 --> 0:27:31
the beauty of hemp is you start producing a different product,

489
0:27:31 --> 0:27:34
different strokes for different folks.

490
0:27:34 --> 0:27:38
And I've said before that hemp can be a magnificent

491
0:27:38 --> 0:27:42
import replacement for African countries in particular.

492
0:27:42 --> 0:27:44
I've spoken to many people in African countries

493
0:27:44 --> 0:27:46
over the years,

494
0:27:46 --> 0:27:48
and they say, where are we gonna export?

495
0:27:48 --> 0:27:49
No, you don't have to export.

496
0:27:49 --> 0:27:51
You grow it locally, you use it locally

497
0:27:51 --> 0:27:56
so that you don't have to import stuff from other countries

498
0:27:56 --> 0:27:59
and use valuable foreign exchange.

499
0:28:01 --> 0:28:04
We say the best value added hemp based products

500
0:28:04 --> 0:28:07
to focus on the next five years for local and global markets.

501
0:28:07 --> 0:28:10
So I've got these in order, there's six here,

502
0:28:10 --> 0:28:12
and there's another nine there.

503
0:28:13 --> 0:28:14
So fiver for clothing,

504
0:28:16 --> 0:28:19
I have to have my coffee, love coffee.

505
0:28:19 --> 0:28:22
Fiver for biodegradable weed metting.

506
0:28:22 --> 0:28:25
So instead of using black plastic for weed metting,

507
0:28:25 --> 0:28:26
use hemp fibre.

508
0:28:26 --> 0:28:29
The herd for hempcrete and other building purposes,

509
0:28:29 --> 0:28:32
you can make insulation from the fibre.

510
0:28:32 --> 0:28:35
The herd is fantastic for horse bedding

511
0:28:35 --> 0:28:37
and poultry bedding and other animals.

512
0:28:37 --> 0:28:41
And one of the issues with poultry is the disease issues.

513
0:28:41 --> 0:28:44
By using hemp, by using hemp,

514
0:28:44 --> 0:28:48
by using herd, this is for the,

515
0:28:48 --> 0:28:51
it's incredibly absorbent,

516
0:28:51 --> 0:28:55
it reduces disease amongst animals.

517
0:28:55 --> 0:28:56
Of course you grow the seed,

518
0:28:56 --> 0:28:58
so you can use that for local planting

519
0:28:58 --> 0:29:00
or export for planting purposes.

520
0:29:00 --> 0:29:02
Then you can use the seed for food.

521
0:29:02 --> 0:29:05
So hemp seed when it's used for food is called seed.

522
0:29:05 --> 0:29:08
If you're gonna be using it to plant other crops,

523
0:29:08 --> 0:29:09
it's called grain.

524
0:29:09 --> 0:29:13
Seed for cosmetics, so you get the oil from the cosmetics.

525
0:29:13 --> 0:29:17
And also the remainder materials from the seed itself

526
0:29:17 --> 0:29:20
have various uses, including bread making,

527
0:29:20 --> 0:29:22
including beer making.

528
0:29:23 --> 0:29:25
Number nine, fibre for composites,

529
0:29:25 --> 0:29:27
particularly shipping pallets, building components,

530
0:29:27 --> 0:29:30
car parts, caravans and trailers.

531
0:29:30 --> 0:29:33
Tenth, fibre and herd for edible food containers.

532
0:29:33 --> 0:29:38
Just imagine this, you make with potatoes,

533
0:29:38 --> 0:29:43
and hemp fibre, you make a small container,

534
0:29:44 --> 0:29:45
you put a hamburger in it,

535
0:29:45 --> 0:29:47
at the end you feed that to the pigs,

536
0:29:47 --> 0:29:50
and the pigs eat it, and it's healthy for the pigs.

537
0:29:51 --> 0:29:55
Fibre and herd will replace most plastic applications.

538
0:29:55 --> 0:29:59
Herd for ethanol, fibre for ropes and bailing string,

539
0:29:59 --> 0:30:01
fibre for medical bandages,

540
0:30:01 --> 0:30:04
because it's natural anti-microbial, anti-bacterial,

541
0:30:04 --> 0:30:06
it reduces infection.

542
0:30:06 --> 0:30:08
And then herd for garden mulch,

543
0:30:08 --> 0:30:11
it's the most amazing garden mulch.

544
0:30:11 --> 0:30:14
I put it on my garden, most mulch after a couple of months,

545
0:30:14 --> 0:30:16
the weeds start coming through.

546
0:30:16 --> 0:30:19
Herd suppresses it far more effectively.

547
0:30:19 --> 0:30:24
And the price that I put into the earlier financial analysis

548
0:30:30 --> 0:30:33
showed $1,000 a tonne for herd.

549
0:30:33 --> 0:30:37
But if you sell it by the pound at a home depot

550
0:30:37 --> 0:30:40
or a supermarket to local farmers,

551
0:30:40 --> 0:30:45
they will pay two to three times more

552
0:30:45 --> 0:30:49
than you would at the farm gate for big use.

553
0:30:49 --> 0:30:52
So herd for garden mulch can become very profitable

554
0:30:52 --> 0:30:54
to the home gardening market.

555
0:30:56 --> 0:31:00
So, successful competition against other products

556
0:31:00 --> 0:31:02
and successful global hemp industry growth

557
0:31:02 --> 0:31:05
requires five strategic initiatives.

558
0:31:05 --> 0:31:07
And I'm heading well,

559
0:31:07 --> 0:31:09
I'll be finished in about 10, 12 minutes,

560
0:31:09 --> 0:31:12
so you can set your planning.

561
0:31:13 --> 0:31:15
Number one, five strategies.

562
0:31:15 --> 0:31:18
Number one, generate market demand for hemp

563
0:31:18 --> 0:31:20
rather than farmer push.

564
0:31:21 --> 0:31:24
We need to identify well-funded and successful businesses

565
0:31:24 --> 0:31:28
that have already publicly committed to reduce

566
0:31:28 --> 0:31:29
their negative environmental impact.

567
0:31:29 --> 0:31:32
And we need to educate them about the potential

568
0:31:32 --> 0:31:35
for unretted hemp to be the way

569
0:31:35 --> 0:31:37
that they can solve their environmental challenges.

570
0:31:37 --> 0:31:42
Now, I haven't talked about three big tidal waves

571
0:31:42 --> 0:31:43
that are happening on our planet.

572
0:31:43 --> 0:31:46
Number one is the ESG tidal wave.

573
0:31:46 --> 0:31:48
That relates to this environmental issue.

574
0:31:48 --> 0:31:51
ESG, big companies have to reduce

575
0:31:51 --> 0:31:53
their greenhouse gas emissions.

576
0:31:53 --> 0:31:56
ESG stands for environmental, social,

577
0:31:56 --> 0:31:58
and governance policies.

578
0:31:58 --> 0:32:01
Big list of companies right around the world,

579
0:32:01 --> 0:32:02
their share price is being hammered

580
0:32:02 --> 0:32:06
if they don't take the right steps on these matters.

581
0:32:06 --> 0:32:09
The second big tidal wave is the circular economy,

582
0:32:09 --> 0:32:11
which means reducing waste.

583
0:32:11 --> 0:32:12
Hemp helps that.

584
0:32:12 --> 0:32:16
Third, the whole movement towards health.

585
0:32:16 --> 0:32:19
And you've heard with my mantra HP by four,

586
0:32:19 --> 0:32:21
hemp is all about health.

587
0:32:21 --> 0:32:25
So hemp is beautifully positioned to ride,

588
0:32:25 --> 0:32:28
to surf these three tidal waves of ESG,

589
0:32:28 --> 0:32:32
circular economy, and health to magnificent success.

590
0:32:32 --> 0:32:36
That's why it's a global agribusiness game changer.

591
0:32:37 --> 0:32:41
Secondly, second strategy,

592
0:32:41 --> 0:32:45
embrace an abundant philosophy and not one of scarcity.

593
0:32:45 --> 0:32:48
Hemp can radically improve the lives of 70%

594
0:32:48 --> 0:32:50
of the world's population who today can't afford

595
0:32:50 --> 0:32:52
to buy a new cotton shirt.

596
0:32:52 --> 0:32:56
Future sustainable economic growth will come from this 70%,

597
0:32:56 --> 0:32:58
not the existing 30% of consumers

598
0:32:58 --> 0:33:00
who've got plenty of money.

599
0:33:00 --> 0:33:02
Additionally, standards of living rise

600
0:33:02 --> 0:33:05
and consumption per capita increases,

601
0:33:05 --> 0:33:07
industrial hemp will be desperately needed

602
0:33:07 --> 0:33:12
as the prime source of new raw materials on our planet

603
0:33:12 --> 0:33:15
produced in environmentally clean ways.

604
0:33:15 --> 0:33:18
Thirdly, third strategy.

605
0:33:18 --> 0:33:23
So go back, get clear, generate market demand.

606
0:33:24 --> 0:33:25
Our strategy is not to go to farmers

607
0:33:25 --> 0:33:27
and get them to grow it, then try to sell it.

608
0:33:27 --> 0:33:30
No, we go to the end users and say,

609
0:33:30 --> 0:33:32
do you want this stuff?

610
0:33:32 --> 0:33:34
And then when we get the contract from them,

611
0:33:34 --> 0:33:37
then we go back up the supply chain to the farmers.

612
0:33:37 --> 0:33:40
Secondly, embrace an abundance philosophy

613
0:33:40 --> 0:33:42
and not one of scarcity.

614
0:33:42 --> 0:33:45
Thirdly, avoid commoditization.

615
0:33:45 --> 0:33:47
Do not fall into this trap.

616
0:33:47 --> 0:33:49
Avoid the current fate of oil producers,

617
0:33:49 --> 0:33:51
although right now they're doing well.

618
0:33:51 --> 0:33:54
Iron ore producers, sugar cane milk producers.

619
0:33:54 --> 0:33:56
In their cases, it's the traders

620
0:33:56 --> 0:33:58
who make the bulk of the profits,

621
0:33:58 --> 0:34:02
not the producers or the growers or the farmers.

622
0:34:02 --> 0:34:05
Do not give away this magnificent raw material

623
0:34:05 --> 0:34:09
at a cheap price, just because it's convenient.

624
0:34:09 --> 0:34:12
And risk and reward follows risk.

625
0:34:12 --> 0:34:14
If farmers don't wanna take any risk,

626
0:34:14 --> 0:34:16
they go, oh, well, look, I'll just sell it cheaply.

627
0:34:16 --> 0:34:19
I'll get a contract and sell it cheaply.

628
0:34:19 --> 0:34:20
Good, you lock in a profit,

629
0:34:20 --> 0:34:22
but the profit's nothing like what's possible.

630
0:34:23 --> 0:34:27
Now, there will be cooperatives formed,

631
0:34:27 --> 0:34:31
which is a great way for small farmers to come together

632
0:34:31 --> 0:34:33
to make this whole process happen.

633
0:34:34 --> 0:34:37
Fourth strategy, harness the skills, experience

634
0:34:37 --> 0:34:39
and relationships in local communities

635
0:34:39 --> 0:34:43
to identify the hemp products that should be produced

636
0:34:43 --> 0:34:45
and then supply the hungry markets

637
0:34:45 --> 0:34:48
that want these products both locally and globally.

638
0:34:48 --> 0:34:51
So when you think about any country, any state in a country,

639
0:34:51 --> 0:34:53
one of the 50 states in the US,

640
0:34:54 --> 0:34:57
what do we need in this state?

641
0:34:57 --> 0:34:59
Because so many products can be made out of hemp,

642
0:34:59 --> 0:35:01
so you make it locally, produce it locally,

643
0:35:01 --> 0:35:03
don't have any transport costs.

644
0:35:03 --> 0:35:05
And then you say, well, what skills have we got

645
0:35:05 --> 0:35:06
in this state?

646
0:35:06 --> 0:35:08
And there could be skills in a particular place

647
0:35:08 --> 0:35:11
that then enable global markets to be accessed

648
0:35:11 --> 0:35:13
because of those special skills.

649
0:35:15 --> 0:35:18
And then fifthly, we have to educate local

650
0:35:18 --> 0:35:20
and global businesses in this strategy

651
0:35:20 --> 0:35:23
that are committed to ESG and Circular Economy Principles

652
0:35:23 --> 0:35:26
that industrial hemp is the solution

653
0:35:26 --> 0:35:28
that they've been seeking.

654
0:35:29 --> 0:35:33
Hemp can be grown using organic, biodynamic

655
0:35:33 --> 0:35:35
and biological farming practices.

656
0:35:35 --> 0:35:37
Whoops, I've got an extra hand.

657
0:35:37 --> 0:35:40
And organic is the lowest level of chemical free,

658
0:35:40 --> 0:35:42
biodynamic is one level above it

659
0:35:42 --> 0:35:44
and biological is the highest level.

660
0:35:44 --> 0:35:48
You don't have to use harmful chemicals to grow hemp

661
0:35:48 --> 0:35:49
successfully.

662
0:35:49 --> 0:35:52
Hemp is naturally antibiotic and it cuts UV rays

663
0:35:52 --> 0:35:53
when you're wearing it.

664
0:35:53 --> 0:35:58
Hemp enables regional industries and economies to flourish.

665
0:35:59 --> 0:36:02
Here's my proposition to you.

666
0:36:02 --> 0:36:05
Industrial hemp without reading can make an immediate,

667
0:36:05 --> 0:36:09
inspiring, nurturing, positive, sustaining

668
0:36:09 --> 0:36:12
and life-giving difference to the planet.

669
0:36:12 --> 0:36:15
Your job, whoever you are watching this presentation,

670
0:36:15 --> 0:36:18
is to share the ideas, insights and possibilities

671
0:36:18 --> 0:36:22
that have occurred to you, where you live

672
0:36:22 --> 0:36:24
or through your connections,

673
0:36:24 --> 0:36:26
because you've experienced this presentation

674
0:36:26 --> 0:36:28
to create a surge in economic activity,

675
0:36:28 --> 0:36:31
jobs and skills development.

676
0:36:31 --> 0:36:32
And I want you to understand,

677
0:36:33 --> 0:36:36
I want you to understand where did jobs come from?

678
0:36:36 --> 0:36:39
They come from entrepreneurs, from people doing things.

679
0:36:39 --> 0:36:41
When you sit on your bum and do nothing,

680
0:36:41 --> 0:36:43
nothing gets created.

681
0:36:43 --> 0:36:48
But when people go out there and do wonderful, healthy work

682
0:36:49 --> 0:36:50
and convert this magnificent crop

683
0:36:50 --> 0:36:53
into the wonderful solutions that it can,

684
0:36:53 --> 0:36:55
it creates job opportunities.

685
0:36:56 --> 0:36:57
It creates economic activity

686
0:36:57 --> 0:37:02
and money is simply a representation for human activity.

687
0:37:03 --> 0:37:04
And where I said right at the start,

688
0:37:04 --> 0:37:08
this company was started 28 years ago in 1994

689
0:37:09 --> 0:37:11
to enable farmers to be profitable,

690
0:37:11 --> 0:37:15
but for everybody on the whole supply chain

691
0:37:15 --> 0:37:18
to be profitably engaged in hemp.

692
0:37:18 --> 0:37:21
And I say that hemp is the most amazing plant

693
0:37:21 --> 0:37:24
that God has made available to us.

694
0:37:24 --> 0:37:26
It's been around for 8,000 plus years.

695
0:37:26 --> 0:37:30
We at Textile and Composite have solved the biggest problem

696
0:37:30 --> 0:37:35
of converting hemp into profits, which is decortication.

697
0:37:35 --> 0:37:40
And the only reason why hemp is not the preeminent

698
0:37:41 --> 0:37:44
agricultural broad acre crop on the planet

699
0:37:44 --> 0:37:46
is because of political influence,

700
0:37:46 --> 0:37:49
because of the influence of the oil,

701
0:37:49 --> 0:37:53
the hydrocarbon industry of certain global elites

702
0:37:53 --> 0:37:56
who do not want hemp to succeed.

703
0:37:56 --> 0:37:59
And my vision for hemp is that local communities

704
0:37:59 --> 0:38:01
can literally grow hemp

705
0:38:01 --> 0:38:04
and tell the rest of the world to get stuffed.

706
0:38:04 --> 0:38:08
Hemp enables a community to be totally self-sufficient

707
0:38:08 --> 0:38:12
because it's got 10 categories of products.

708
0:38:12 --> 0:38:15
The first three, the first four, the most important,

709
0:38:15 --> 0:38:20
food, clothing, shelter, medicine, and the fifth one, fuel.

710
0:38:21 --> 0:38:22
What else do you need?

711
0:38:23 --> 0:38:27
And the other point I make is that if all you had to eat

712
0:38:27 --> 0:38:29
was hemp seed, you would survive.

713
0:38:29 --> 0:38:31
It would be pretty boring,

714
0:38:31 --> 0:38:32
but hemp seed would enable you

715
0:38:32 --> 0:38:35
with a wonderful source of protein that it is

716
0:38:35 --> 0:38:38
to survive on that as a food source alone.

717
0:38:38 --> 0:38:41
So you can see that a small community

718
0:38:41 --> 0:38:45
could literally go off grid and to live a magnificent life

719
0:38:45 --> 0:38:49
without having to have the influence of globalist agendas,

720
0:38:49 --> 0:38:53
of corrupt medical officials to live healthy lives,

721
0:38:53 --> 0:38:54
to have a magnificent experience

722
0:38:54 --> 0:38:57
of this thing we call life on earth.

723
0:38:57 --> 0:39:00
Get into hemp, it's the future.

724
0:39:00 --> 0:39:01
Thanks for listening.

725
0:39:01 --> 0:39:04
I'm now readily available for questions.

726
0:39:08 --> 0:39:12
So please unmute yourself when you have a question.

727
0:39:12 --> 0:39:14
And to make this sensible,

728
0:39:14 --> 0:39:16
you use the reactions tab below.

729
0:39:17 --> 0:39:19
You go to the reactions tab,

730
0:39:19 --> 0:39:24
you raise your hand and I'll handle the questions in order

731
0:39:24 --> 0:39:28
so that there's not seven of us talking at the same time.

732
0:39:28 --> 0:39:31
So questions, comments, thoughts?

733
0:39:41 --> 0:39:42
Great.

734
0:39:43 --> 0:39:45
Hi, Charles.

735
0:39:45 --> 0:39:49
So thanks again for doing the presentation.

736
0:39:49 --> 0:39:50
My question is this.

737
0:39:52 --> 0:39:55
I know you said we should reach out to the off tickets first

738
0:39:55 --> 0:39:57
and we do agree.

739
0:40:01 --> 0:40:03
And I saw in your,

740
0:40:03 --> 0:40:04
some of that one of the attachments you sent

741
0:40:04 --> 0:40:08
that you offer some sort of consultation or in that process.

742
0:40:08 --> 0:40:09
Yes, we did.

743
0:40:09 --> 0:40:11
What does it take to get that part?

744
0:40:11 --> 0:40:14
Because what I'm thinking is we would start there

745
0:40:14 --> 0:40:17
and kind of form our relationship with you guys

746
0:40:17 --> 0:40:19
so that we can come up with a plan together.

747
0:40:19 --> 0:40:23
And then I saw that you had a few other options as well,

748
0:40:23 --> 0:40:26
as far as joint ventures and things.

749
0:40:26 --> 0:40:31
But because, like you said, we should decide exactly,

750
0:40:31 --> 0:40:33
depending on which area we are,

751
0:40:33 --> 0:40:36
which type of products that we put out.

752
0:40:36 --> 0:40:39
And Craig, in any group that watches this,

753
0:40:39 --> 0:40:41
and so we'll make it specific,

754
0:40:41 --> 0:40:46
but also this presentation can go to other places as well.

755
0:40:48 --> 0:40:51
It's a great question that you ask.

756
0:40:51 --> 0:40:55
And you start to go, what problems can hemp solve?

757
0:40:55 --> 0:41:00
And then you go, okay, so what connections do we have,

758
0:41:00 --> 0:41:04
do you have that we can access?

759
0:41:04 --> 0:41:07
Because the world works through relationships.

760
0:41:07 --> 0:41:08
And you start to go, okay,

761
0:41:08 --> 0:41:10
if you turn your mind to this question,

762
0:41:10 --> 0:41:12
where do you have relationships?

763
0:41:12 --> 0:41:14
So you can go to strangers.

764
0:41:14 --> 0:41:17
It's much easier to go to people we have relationships.

765
0:41:17 --> 0:41:22
And this group, any group has identified problems.

766
0:41:22 --> 0:41:24
Now there are huge problems on the planet.

767
0:41:24 --> 0:41:26
So the question for each group is to say,

768
0:41:26 --> 0:41:29
well, what problem do we want to solve?

769
0:41:29 --> 0:41:31
Now, if we're focusing on Africa,

770
0:41:31 --> 0:41:35
an African country will say, we need economic activity.

771
0:41:35 --> 0:41:36
That's true.

772
0:41:36 --> 0:41:38
And so the starting point can be,

773
0:41:38 --> 0:41:43
well, in your country, what do you spend export dollars on?

774
0:41:44 --> 0:41:47
Or if you think of Haiti, if you think of Cuba,

775
0:41:47 --> 0:41:50
if you think of Central American countries,

776
0:41:50 --> 0:41:53
whose economy, whose GDP is way below that of America.

777
0:41:53 --> 0:41:54
So why is that?

778
0:41:54 --> 0:41:57
The answer is because people haven't got jobs.

779
0:41:57 --> 0:41:59
And then you start to go,

780
0:41:59 --> 0:42:00
I wonder what jobs we could do.

781
0:42:00 --> 0:42:01
And then you start to go,

782
0:42:01 --> 0:42:04
what could we produce in Haiti with a crop,

783
0:42:04 --> 0:42:07
with Ndekordeka, we then got herd,

784
0:42:07 --> 0:42:09
we could ship that herd to Kentucky.

785
0:42:10 --> 0:42:13
And we've got people doing stuff.

786
0:42:13 --> 0:42:16
And the key to lifting people out of poverty

787
0:42:16 --> 0:42:21
is to give them useful, valuable, sensible, healthy jobs.

788
0:42:24 --> 0:42:26
And because there's 25,000 different products

789
0:42:26 --> 0:42:28
that can be made,

790
0:42:28 --> 0:42:31
it doesn't mean that there's one answer to this question.

791
0:42:31 --> 0:42:34
And so we have to use what's called,

792
0:42:34 --> 0:42:35
we have to use our imagination.

793
0:42:35 --> 0:42:38
And you start to go, gosh, I wonder what would be possible.

794
0:42:38 --> 0:42:40
And then because of my experience,

795
0:42:40 --> 0:42:43
because of the 50 plus years I've been in business,

796
0:42:43 --> 0:42:47
I can help guide, have connections too.

797
0:42:47 --> 0:42:48
And the other issue that will happen

798
0:42:48 --> 0:42:53
is that there are people in the world, individuals,

799
0:42:53 --> 0:42:55
there are over a thousand billionaires

800
0:42:55 --> 0:42:57
on this planet today.

801
0:42:58 --> 0:42:59
Okay?

802
0:42:59 --> 0:43:00
There's plenty of money.

803
0:43:01 --> 0:43:04
And so you say, well, who do we get the money from?

804
0:43:04 --> 0:43:05
Going to a bank is a bad strategy.

805
0:43:05 --> 0:43:08
My question is, who do you know

806
0:43:08 --> 0:43:10
as a second or third level connection,

807
0:43:10 --> 0:43:13
go, a big billionaire, for example,

808
0:43:13 --> 0:43:15
who says, I'm concerned about, let's take Haiti,

809
0:43:15 --> 0:43:17
or let's take an African country.

810
0:43:17 --> 0:43:20
I'm concerned about what's happening in Malawi.

811
0:43:20 --> 0:43:23
We find that billionaire and we do a pitch to them.

812
0:43:23 --> 0:43:25
So hey, we've got the imagination,

813
0:43:25 --> 0:43:27
we've got the skills.

814
0:43:27 --> 0:43:31
All we need is $20 million for you to make a big difference

815
0:43:31 --> 0:43:33
using hemp in a particular place.

816
0:43:34 --> 0:43:35
Make sense?

817
0:43:36 --> 0:43:37
Yes.

818
0:43:37 --> 0:43:39
And then as far as the facility,

819
0:43:39 --> 0:43:43
do you recommend that we do, say in the DRC,

820
0:43:43 --> 0:43:45
do we do a multi-purpose facility

821
0:43:45 --> 0:43:48
with all the other supplemental pieces of equipment

822
0:43:48 --> 0:43:50
as far as like the degumming, the dryers,

823
0:43:50 --> 0:43:53
and all those other things to support multi products?

824
0:43:53 --> 0:43:58
No, I say, do not do degumming at the start.

825
0:43:58 --> 0:43:59
Okay.

826
0:43:59 --> 0:44:03
Because globally, just to give you a context,

827
0:44:03 --> 0:44:06
the Federation of International Hemp Organizations,

828
0:44:06 --> 0:44:09
there's 200,000 hectares, half a million acres

829
0:44:09 --> 0:44:11
of hemp being grown around the world.

830
0:44:11 --> 0:44:12
It's nothing.

831
0:44:13 --> 0:44:14
Okay.

832
0:44:14 --> 0:44:16
And so if in, for example,

833
0:44:16 --> 0:44:18
you use the Democratic Republic of Congo,

834
0:44:19 --> 0:44:22
you say, right, well, what should we produce?

835
0:44:22 --> 0:44:25
And we start by producing the fiber and the herd.

836
0:44:25 --> 0:44:30
We bail up, you get a cotton press, a wool press,

837
0:44:30 --> 0:44:33
squash the fiber after the court occasion

838
0:44:33 --> 0:44:36
and ship that to China, ship that to Turkey.

839
0:44:36 --> 0:44:38
There's such a demand for hemp fiber,

840
0:44:38 --> 0:44:40
you don't have, don't over-engineer it.

841
0:44:41 --> 0:44:45
Unless there are textile experts in a particular group,

842
0:44:45 --> 0:44:49
or unless there are textile experts already in the DRC,

843
0:44:49 --> 0:44:50
but you can also send that fiber

844
0:44:50 --> 0:44:54
to other textile producing countries in Africa,

845
0:44:54 --> 0:44:57
because Africa produces a lot of textiles.

846
0:44:57 --> 0:44:59
So don't over-engineer.

847
0:44:59 --> 0:45:03
Keep it simple for the first one, two, or three crops.

848
0:45:03 --> 0:45:05
And then as the profits start coming in,

849
0:45:05 --> 0:45:08
then that attracts more money.

850
0:45:08 --> 0:45:08
Okay.

851
0:45:08 --> 0:45:12
So initially we would just start with just the D8

852
0:45:12 --> 0:45:15
and what else?

853
0:45:15 --> 0:45:17
All it needs is a harvester.

854
0:45:17 --> 0:45:19
You need to, then you need a planter.

855
0:45:19 --> 0:45:22
Now we need, we got jobs, okay?

856
0:45:22 --> 0:45:25
So in Australia, we use an air seeder.

857
0:45:25 --> 0:45:28
Now an air seeder is very efficient, they're not expensive,

858
0:45:28 --> 0:45:31
but they can be hired as well.

859
0:45:31 --> 0:45:35
So you plant the seed, it grows, it then needs to be cut.

860
0:45:35 --> 0:45:39
So it can be cut by hand, it can be had jobs that way.

861
0:45:39 --> 0:45:41
Or you, you know, so the slashing process in the quick,

862
0:45:41 --> 0:45:44
and then I recommend that it go to seed.

863
0:45:44 --> 0:45:46
So as it grows taller, it goes to seed,

864
0:45:46 --> 0:45:49
then you need a harvest, take the seed off the top,

865
0:45:49 --> 0:45:51
and then straight after that comes

866
0:45:51 --> 0:45:52
the harvesting of the stalk.

867
0:45:52 --> 0:45:56
So picture the, here's the stalk,

868
0:45:56 --> 0:45:58
it's got the seed at the top, take that off the top,

869
0:45:58 --> 0:45:59
because that's valuable.

870
0:45:59 --> 0:46:00
Then you got the rest of the stalk,

871
0:46:00 --> 0:46:03
that gets cut and brought to the decorticator,

872
0:46:03 --> 0:46:05
and then it's produced in the fiber and herd.

873
0:46:05 --> 0:46:09
And then you've got four products, four raw materials.

874
0:46:09 --> 0:46:12
You've got seed, you've got the fiber,

875
0:46:12 --> 0:46:14
you've got the herd, and you've got the dust.

876
0:46:14 --> 0:46:16
And the dust is cellulose, it's also valuable.

877
0:46:18 --> 0:46:19
All right, I got a question.

878
0:46:19 --> 0:46:20
Can I get one then?

879
0:46:21 --> 0:46:25
Peace and blessings, everybody.

880
0:46:25 --> 0:46:26
That's on the call.

881
0:46:26 --> 0:46:29
All right, so I spoke to my people in Queens, right?

882
0:46:29 --> 0:46:34
And what we have is I invested in a digital farmers market.

883
0:46:34 --> 0:46:37
So I got a bunch of gang of people

884
0:46:37 --> 0:46:39
that have a farmers market,

885
0:46:39 --> 0:46:41
and it looks just like you in Africa.

886
0:46:41 --> 0:46:45
Like they got these structures with tarp and the whole nine.

887
0:46:45 --> 0:46:47
So I spoke with one of them men,

888
0:46:47 --> 0:46:50
and what I wanna do is I wanna connect with the guys

889
0:46:51 --> 0:46:54
that have the machine that's in Pennsylvania,

890
0:46:54 --> 0:46:57
and I wanna purchase some of the board

891
0:46:57 --> 0:46:59
or whatever that I can purchase,

892
0:46:59 --> 0:47:04
and I wanna build a farmers market booth

893
0:47:05 --> 0:47:08
out of the product, and I wanna tape it and everything

894
0:47:08 --> 0:47:13
so I can use that media that I make as promotion

895
0:47:13 --> 0:47:15
to help move forward, to show people

896
0:47:16 --> 0:47:20
how we can take small things and create bigger things

897
0:47:20 --> 0:47:22
with this opportunity.

898
0:47:22 --> 0:47:25
So I'm willing to pay for some board

899
0:47:25 --> 0:47:30
that I can make a farmers market storefront out of.

900
0:47:30 --> 0:47:31
Is that possible?

901
0:47:33 --> 0:47:34
There are a number of ways to do that.

902
0:47:34 --> 0:47:37
I'm happy to talk about how you would do that

903
0:47:37 --> 0:47:39
to do the promotion at a farmers market.

904
0:47:39 --> 0:47:44
We attend a TCI, a textile,

905
0:47:45 --> 0:47:49
an air company, but also the Australian industrial hemp allies.

906
0:47:49 --> 0:47:54
We attend four exhibitions each year,

907
0:47:54 --> 0:47:56
and we've got beautiful products to demonstrate.

908
0:47:56 --> 0:47:58
You don't need to make it out of hemp.

909
0:47:58 --> 0:48:00
We've got a whole bunch of products

910
0:48:00 --> 0:48:01
that are available to be shown,

911
0:48:01 --> 0:48:03
and people are fascinated by,

912
0:48:03 --> 0:48:06
and I'll show you pictures of it at some point.

913
0:48:06 --> 0:48:08
People are fascinated by all the possibilities with hemp,

914
0:48:08 --> 0:48:11
and there's some wonderful ways to demonstrate to people

915
0:48:11 --> 0:48:13
what hemp is capable of doing,

916
0:48:13 --> 0:48:16
but you're absolutely on the right track

917
0:48:16 --> 0:48:19
to show people what's possible to shift their mindset.

918
0:48:19 --> 0:48:21
Yeah, I wanna build something.

919
0:48:21 --> 0:48:25
I wanna build a small farmers market store first,

920
0:48:25 --> 0:48:27
and then I'll create a relationship

921
0:48:27 --> 0:48:29
with whoever I get the board from,

922
0:48:29 --> 0:48:31
because once I do this,

923
0:48:31 --> 0:48:33
then everybody else's booth gonna be wanting

924
0:48:33 --> 0:48:34
to be made out of this,

925
0:48:34 --> 0:48:36
because right now they're having an issue

926
0:48:36 --> 0:48:38
with the way that they make it,

927
0:48:38 --> 0:48:42
and those tops and everything, they leak.

928
0:48:42 --> 0:48:44
So people are losing things.

929
0:48:44 --> 0:48:46
So this is like you said,

930
0:48:46 --> 0:48:48
everything about moving forward

931
0:48:48 --> 0:48:51
is finding a solution to a problem.

932
0:48:52 --> 0:48:55
So I found a place, man, where I can demonstrate.

933
0:48:55 --> 0:48:56
Yes, I see what you're,

934
0:48:56 --> 0:48:58
so the farmers market,

935
0:48:58 --> 0:49:00
these are all the farmers who come in out of the open

936
0:49:00 --> 0:49:01
and it's pouring rain,

937
0:49:01 --> 0:49:03
and they wanna know.

938
0:49:03 --> 0:49:04
Yeah, and they losing product.

939
0:49:04 --> 0:49:06
Rain is going down into the chart.

940
0:49:07 --> 0:49:12
So I was like, yo, we can build out the first store

941
0:49:12 --> 0:49:14
out of the hemp creek boards and everything,

942
0:49:14 --> 0:49:17
and then put something waterproof on the outside of it.

943
0:49:17 --> 0:49:20
The rest of the market is going automatically follow suit,

944
0:49:20 --> 0:49:24
and I already got the right to take the whole production.

945
0:49:25 --> 0:49:27
Yep, very good.

946
0:49:27 --> 0:49:28
Good, excellent thinking.

947
0:49:28 --> 0:49:29
We'll talk about it.

948
0:49:29 --> 0:49:31
Next question.

949
0:49:31 --> 0:49:33
All right, that's the only thing I got.

950
0:49:33 --> 0:49:34
I just need to do that.

951
0:49:34 --> 0:49:34
Excellent.

952
0:49:42 --> 0:49:45
I'm delighted there are no questions.

953
0:49:45 --> 0:49:47
Hello, Keith, I'm delighted you know questions,

954
0:49:47 --> 0:49:50
which means that I explained the story.

955
0:49:50 --> 0:49:51
I do have a question.

956
0:49:51 --> 0:49:52
I do have a question.

957
0:49:52 --> 0:49:53
I love questions.

958
0:49:53 --> 0:49:55
Yeah, so here in the US,

959
0:49:55 --> 0:49:59
is machine, do you have a prototype of that machine

960
0:49:59 --> 0:50:01
here in the US at all?

961
0:50:01 --> 0:50:03
Yes.

962
0:50:03 --> 0:50:03
And where is it located?

963
0:50:03 --> 0:50:07
Not a prototype, an actual machine, two machines.

964
0:50:07 --> 0:50:08
Yeah, and where is it located?

965
0:50:08 --> 0:50:09
What state?

966
0:50:09 --> 0:50:11
Pennsylvania.

967
0:50:11 --> 0:50:12
Pennsylvania.

968
0:50:12 --> 0:50:16
So we could actually go out and actually see that.

969
0:50:17 --> 0:50:21
Yes, subject to certain methods.

970
0:50:21 --> 0:50:23
Yeah, okay.

971
0:50:23 --> 0:50:28
Because the simple answer on just going and have a look,

972
0:50:28 --> 0:50:33
it becomes very time consuming

973
0:50:34 --> 0:50:36
for people who bought the machine

974
0:50:36 --> 0:50:37
to then have people coming to have a look,

975
0:50:37 --> 0:50:39
oh, that's very interesting.

976
0:50:39 --> 0:50:43
The far better solution is for us to have a machine

977
0:50:43 --> 0:50:45
that we have available to demonstrate

978
0:50:45 --> 0:50:49
to all the farmers exposed,

979
0:50:49 --> 0:50:51
the farmers, what do they call them?

980
0:50:53 --> 0:50:56
In Australia, we have these big field days for farmers.

981
0:50:56 --> 0:51:00
And so our game plan is to have a machine in America

982
0:51:00 --> 0:51:03
that goes around to all of the farmers conferences.

983
0:51:04 --> 0:51:06
That is the best way of doing it.

984
0:51:06 --> 0:51:07
Yep.

985
0:51:07 --> 0:51:09
You call it farmer's fairs here in the US.

986
0:51:09 --> 0:51:09
That's our plan.

987
0:51:09 --> 0:51:12
Keith, that's what we're planning to do.

988
0:51:12 --> 0:51:17
And it's only because of the madness of COVID

989
0:51:17 --> 0:51:22
and the unwarranted government lockdowns,

990
0:51:22 --> 0:51:25
it slowed us down in our plans,

991
0:51:25 --> 0:51:28
but it requires a fair bit of money to make a machine,

992
0:51:28 --> 0:51:31
ship it to America and then have it driven around America.

993
0:51:31 --> 0:51:34
And then have it driven around America

994
0:51:34 --> 0:51:37
at all of these expos, but that's the game plan.

995
0:51:39 --> 0:51:41
Okay, so a couple of other questions.

996
0:51:41 --> 0:51:45
What other machinery is competitive to this?

997
0:51:45 --> 0:51:48
What other machine, if someone says,

998
0:51:48 --> 0:51:53
well, I'm using this or I'm using that.

999
0:51:53 --> 0:51:56
Is there another machine in the marketplace

1000
0:51:56 --> 0:51:57
that does a similar function

1001
0:51:57 --> 0:51:59
that we're gonna run up against?

1002
0:52:00 --> 0:52:01
It doesn't matter, Keith.

1003
0:52:01 --> 0:52:02
It does not matter.

1004
0:52:02 --> 0:52:03
I'll tell you why.

1005
0:52:03 --> 0:52:05
Number one, I'm satisfied that our machine

1006
0:52:05 --> 0:52:07
gives the greatest return on investment.

1007
0:52:07 --> 0:52:09
That's the only test that matters.

1008
0:52:10 --> 0:52:13
Number two, return on investment is the test.

1009
0:52:14 --> 0:52:16
Number two, I said before,

1010
0:52:16 --> 0:52:20
there are half a million acres of hemp growing globally.

1011
0:52:20 --> 0:52:24
One of our machines will decorticate

1012
0:52:24 --> 0:52:28
two and a half thousand acres over the course of a year.

1013
0:52:28 --> 0:52:32
So doing between one and two tonnes of stalk per hour.

1014
0:52:32 --> 0:52:33
Now that's a lot of volume.

1015
0:52:34 --> 0:52:36
This is a moveable machine.

1016
0:52:36 --> 0:52:39
It takes half a day to move from one site to another.

1017
0:52:40 --> 0:52:42
And you can buy a European machine

1018
0:52:42 --> 0:52:46
that costs 10 million euro, 15 million US dollars,

1019
0:52:46 --> 0:52:49
where our machine costs less than half a million dollars.

1020
0:52:49 --> 0:52:52
And they will do 10 tonnes an hour, but it's fixed.

1021
0:52:52 --> 0:52:55
You have to bring the stalk to that machine.

1022
0:52:56 --> 0:53:00
Now, I'm not concerned.

1023
0:53:01 --> 0:53:03
I don't know of any machine that's better than ours

1024
0:53:03 --> 0:53:05
or gives a better return on investment,

1025
0:53:05 --> 0:53:08
but I have no need for our machine

1026
0:53:08 --> 0:53:10
to be the only machine in the market because...

1027
0:53:13 --> 0:53:15
I've seen it was a boy, I might get out.

1028
0:53:16 --> 0:53:18
Because the...

1029
0:53:21 --> 0:53:24
Our machine will only do two and a half thousand acres

1030
0:53:24 --> 0:53:26
over the course of a year on average.

1031
0:53:26 --> 0:53:29
And our vision for just for Australia

1032
0:53:29 --> 0:53:32
is we need a million hectares,

1033
0:53:32 --> 0:53:35
two and a half million acres for Australia.

1034
0:53:35 --> 0:53:38
America will be 10 million acres.

1035
0:53:38 --> 0:53:41
That will need thousands of machines.

1036
0:53:41 --> 0:53:43
Doesn't matter, I'm not worried about that.

1037
0:53:43 --> 0:53:46
Because you can never produce too much hemp.

1038
0:53:46 --> 0:53:47
That's the point.

1039
0:53:47 --> 0:53:49
Hemp solves so many...

1040
0:53:49 --> 0:53:51
You don't have to convince me.

1041
0:53:52 --> 0:53:53
Also, my question is,

1042
0:53:53 --> 0:53:58
what are the barriers that you have found

1043
0:53:59 --> 0:54:02
that you run across in terms of

1044
0:54:02 --> 0:54:04
having someone purchase this machine?

1045
0:54:04 --> 0:54:06
What are the key one or two or three barriers?

1046
0:54:07 --> 0:54:09
Sorry, Keith, you got...

1047
0:54:09 --> 0:54:10
There's a bit of background noise.

1048
0:54:10 --> 0:54:11
Say that again.

1049
0:54:11 --> 0:54:15
I was asking, what are the one or two barriers

1050
0:54:15 --> 0:54:20
that you have found in selling and marketing this machine?

1051
0:54:20 --> 0:54:22
The buyers for end products.

1052
0:54:22 --> 0:54:23
That's all.

1053
0:54:25 --> 0:54:27
Buyers for end products.

1054
0:54:27 --> 0:54:31
The fibre, herd, seed, dust.

1055
0:54:31 --> 0:54:34
Those are your barriers, is that what you're saying?

1056
0:54:34 --> 0:54:34
Yep.

1057
0:54:34 --> 0:54:36
The second barrier is people say,

1058
0:54:36 --> 0:54:38
I wanna see the machine operational.

1059
0:54:38 --> 0:54:39
Okay?

1060
0:54:39 --> 0:54:41
Most buyers go, I wanna kick the tyres,

1061
0:54:41 --> 0:54:42
I wanna do this, I wanna do that.

1062
0:54:42 --> 0:54:44
That's the second barrier.

1063
0:54:44 --> 0:54:47
But the first barrier, and quite frankly,

1064
0:54:48 --> 0:54:52
we are more profitable if we hire the machines out to farmers

1065
0:54:52 --> 0:54:54
than sell the machine.

1066
0:54:54 --> 0:54:55
Okay?

1067
0:54:55 --> 0:54:57
That's a better financial outcome.

1068
0:54:57 --> 0:54:58
Right.

1069
0:54:58 --> 0:55:01
It is a business model.

1070
0:55:01 --> 0:55:02
Yeah.

1071
0:55:02 --> 0:55:03
We do both.

1072
0:55:03 --> 0:55:06
We sell the machine and we hire it out.

1073
0:55:06 --> 0:55:07
Yeah.

1074
0:55:07 --> 0:55:10
Now, farmers, why are farmers not growing hip?

1075
0:55:10 --> 0:55:12
The answer is because they're not...

1076
0:55:12 --> 0:55:14
The supply chains are more difficult.

1077
0:55:14 --> 0:55:15
But of course,

1078
0:55:16 --> 0:55:18
but of course, the...

1079
0:55:20 --> 0:55:22
Of course, the profitability,

1080
0:55:22 --> 0:55:27
of course, the profitability of anything follows the risk.

1081
0:55:28 --> 0:55:31
And so supply chains in hip are more complex.

1082
0:55:31 --> 0:55:32
So that's a big barrier, Keith.

1083
0:55:32 --> 0:55:35
But those barriers,

1084
0:55:35 --> 0:55:39
because politicians keep putting barriers in the way.

1085
0:55:39 --> 0:55:41
For example, if you're producing medicinal cannabis,

1086
0:55:41 --> 0:55:43
you'd have to destroy the stalk

1087
0:55:43 --> 0:55:45
after you've made your crop,

1088
0:55:45 --> 0:55:48
after you've produced your crop.

1089
0:55:48 --> 0:55:52
So, but the biggest solution to driving the demand...

1090
0:55:52 --> 0:55:54
Got a question.

1091
0:55:54 --> 0:55:56
Hang on, is to educate the market.

1092
0:55:56 --> 0:55:57
And I've got two more minutes

1093
0:55:57 --> 0:56:00
because I'm finishing at 7.30.

1094
0:56:00 --> 0:56:01
All right, Keith?

1095
0:56:01 --> 0:56:02
So that's the other barriers.

1096
0:56:02 --> 0:56:06
Market demand and then supply chain issues.

1097
0:56:06 --> 0:56:08
And thirdly, I want to see the machine in action.

1098
0:56:08 --> 0:56:09
Yes, next question.

1099
0:56:09 --> 0:56:10
What's your name?

1100
0:56:10 --> 0:56:12
All right, real quick.

1101
0:56:12 --> 0:56:16
So I know that the model that Keith and them used

1102
0:56:16 --> 0:56:20
with their investors was they gave them an opportunity

1103
0:56:20 --> 0:56:23
to go to the farm and actually see the plants grown.

1104
0:56:23 --> 0:56:27
What I'm saying is, is it an opportunity for us

1105
0:56:27 --> 0:56:31
to create one walkthrough where we can collectively go

1106
0:56:31 --> 0:56:34
and see these machines in operation?

1107
0:56:34 --> 0:56:36
So we can go back and do our thing.

1108
0:56:36 --> 0:56:39
Yes, because Craig knows who...

1109
0:56:39 --> 0:56:42
Craig knows the operator of this machine in Pennsylvania.

1110
0:56:42 --> 0:56:47
So Craig can have a conversation with Jerry in Pennsylvania.

1111
0:56:47 --> 0:56:48
All right.

1112
0:56:48 --> 0:56:50
You can keep it on what we're talking about

1113
0:56:50 --> 0:56:52
because I know we all want to see it.

1114
0:56:53 --> 0:56:56
My last question, my last question is,

1115
0:56:56 --> 0:56:59
your company that's in the US,

1116
0:56:59 --> 0:57:03
do they have an exclusive on the US?

1117
0:57:03 --> 0:57:03
No.

1118
0:57:05 --> 0:57:07
No one will get an exclusive.

1119
0:57:07 --> 0:57:08
Okay.

1120
0:57:10 --> 0:57:13
Keith and I, I already spoke with Jerry

1121
0:57:13 --> 0:57:15
about you guys coming to see the machine in operation.

1122
0:57:18 --> 0:57:19
Okay.

1123
0:57:19 --> 0:57:24
I'm very, I'm not happy about people using the machine

1124
0:57:24 --> 0:57:26
to suit themselves, have a look at it,

1125
0:57:26 --> 0:57:28
and they've got no resources to do what they say

1126
0:57:28 --> 0:57:29
they think they can do.

1127
0:57:29 --> 0:57:32
I don't want to waste anybody's time.

1128
0:57:32 --> 0:57:33
I know, that's not us though.

1129
0:57:34 --> 0:57:36
So that's why, so Craig and...

1130
0:57:36 --> 0:57:38
That's not what this group is about.

1131
0:57:38 --> 0:57:41
It's up to Jerry and the whole team in Pennsylvania.

1132
0:57:41 --> 0:57:43
So that's all.

1133
0:57:43 --> 0:57:45
So if they're happy, I'm delighted.

1134
0:57:45 --> 0:57:46
Okay.

1135
0:57:48 --> 0:57:49
All right.

1136
0:57:49 --> 0:57:51
It's 7.30.

1137
0:57:51 --> 0:57:53
Thank you everybody.

1138
0:57:53 --> 0:57:55
And please, I will send this recording.

1139
0:57:55 --> 0:57:58
So I do urge you now, I have found

1140
0:57:59 --> 0:58:02
when Adrian Clark first started educating me

1141
0:58:02 --> 0:58:04
about the decodecator and him,

1142
0:58:04 --> 0:58:07
I found I kept asking him questions

1143
0:58:07 --> 0:58:10
that he had previously told me.

1144
0:58:10 --> 0:58:13
And someone asked me another question and I didn't know.

1145
0:58:13 --> 0:58:17
It took three, four, five times to deeply understand

1146
0:58:17 --> 0:58:19
what he was telling me.

1147
0:58:19 --> 0:58:23
And there's benefit in re-watching the recording

1148
0:58:23 --> 0:58:25
for anybody who watches it

1149
0:58:25 --> 0:58:27
to more deeply understand the issue.

1150
0:58:27 --> 0:58:28
So thank you everybody.

1151
0:58:28 --> 0:58:29
Wonderful to be with you, Craig.

1152
0:58:29 --> 0:58:31
Well done for organizing.

1153
0:58:31 --> 0:58:32
Thank you for the questions.

1154
0:58:32 --> 0:58:35
I love questions because your questions help me

1155
0:58:35 --> 0:58:37
to keep developing my thinking

1156
0:58:37 --> 0:58:40
as they have over the last 10 years anyway.

1157
0:58:40 --> 0:58:42
And I look forward to sharing this journey

1158
0:58:42 --> 0:58:47
because I promise you that I am absolutely convinced

1159
0:58:47 --> 0:58:50
it's not possible to grow too much hemp.

1160
0:58:50 --> 0:58:53
I'm absolutely certain of that.

1161
0:58:53 --> 0:58:56
And hemp can solve so many global problems.

1162
0:58:56 --> 0:58:57
It's very exciting for me,

1163
0:58:57 --> 0:59:02
provided that we get government out of the way.

1164
0:59:02 --> 0:59:03
Thank you everybody for being here.

1165
0:59:03 --> 0:59:06
I will now stop the recording.

1166
0:59:06 --> 0:59:07
All right, I look forward to getting this.

1167
0:59:07 --> 0:59:08
Thank you.