Cultivation Start-up. Seeking LOI

CannaBusiness
1

Hello All! I have been a long time follower of Future on IG and finally decided to pop my head up on here.

I hope this is the right area for this, and it is not too strange of a request.

I am working with a non profit organization raising funds to start a large hemp farm, but they want proof that companies are willing to purchase the product we grow. This feels asinine to me, but I am only doing what is asked of me.

This is where I hope the GLG can help; Would anyone be willing to have a 24 hour LOI for up to 200,000 pounds of hemp with current market pricing?
Our estimate of potency is between 10-14%
This LOI would be non binding and just a representation of Current Demand.

This may be a lot to ask for and I REALLY hope it doesn’t make me look like a total ass out the gate, but through my ventures in this industry I have yet to meet anyone working at that scale.

You guys have been extremely helpful and I greatly appreciate all the open source knowledge.

I hope to hear from you guys soon!

Regards,
David

2 Likes
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had to read that 3 times to wrap my head around it…

hey, will anyone promise to take 200,000 lbs a day, you don’t actually have to mean it…

is trivializing the problem, but seems to be what you’re asking, and I agree it doesn’t really achieve a whole lot.

there are a number of larger scale producers and processors lurking around here, and I seem to recall there being at way of poking at all the @Verified_CBD_Lvl2 at once :wink:

maybe one of them can “say it like they mean it”?
which is I guess what your board members are after.

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Basically, you summed it up well.:joy:
I mean, all options are on the table at this time.
I’m sure my board would be interested in a full executable contract.

Thanks for the response @cyclopath

Really do appreciate it.

4

After reading your other post on the subject I believe the correct paraphrase is closer to

Can anyone promise for a day that they will buy 200,000lb of hemp from me? You don’t have to mean it, because I don’t have the hemp yet.

I feel your board members pain. Given the DEA’s current stance, working on throwing out the Single Convention might should be a higher priority.

5

so you are asking… to draft a LOI… just to show someone…somewhere may want to buy at 200,000 units at some point… and get these people’s dicks hard… then what? im confused

6

Would you still be profitable at half the current market pricing? If so, use that instead. This is on the same level as asking someone for a proof of life or COA to use in a deal.