When Block Chain Companies Grow Industrial Hemp

In less than a week, Hong Kong stock listed company Xiong bank technology has announced three announcements on investment in industrial hemp.

In March 12th, its latest announcement showed that it signed a cooperation agreement with the Fuyuan municipal government of Heilongjiang province. It plans to grow twenty thousand mu of industrial hemp in Heilongjiang Province in 2019, and will gradually expand to 3, 5 and 100 thousand mu in the next three years, reaching 300 thousand mu in the future.

"Twenty thousand mu, if it is extracted, all exceed the total sum of planting area in Yunnan province last year." In March 13th, Shi Deshan, a dry partner of the long term cannabis industry in Yunnan, told reporters.

Just 5 days ago, the news of "Xiong an science and technology strategic cooperation with the Meihekou municipal government of Jilin province" was also disclosed in official channels. The content of the cooperation involves the integration of hemp, especially hemp two phenol (CBD) hemp planting resources in Meihekou, Jilin Province, and the enhancement of the added value of hemp products.

That night, Yao Yongjie sent a circle of friends: "Xiong bank technology in the field of industrial marijuana horse race, good things continue."

Shi Deshan thought it was necessary to look at the planting environment and processing technology in Heilongjiang first.

Reporters interviewed by many parties found that compared to Yunnan, Heilongjiang and Jilin were relatively backward in seed resources, planting and purification technologies. In addition, the current policy regulations on planting licences in Heilongjiang and Jilin are not yet perfect.

At present, because China's policy of releasing cannabis cultivation in Heilongjiang and Jilin is on the ground, the Chinese stock market is raising "cannabis fever", and many cannabis stocks are rising strongly.

Why does Xiong bank layout industrial hemp at this time? And what is the market situation of Heilongjiang's industrial hemp cultivation and investment? Reporters interviewed Heilongjiang Academy of Agricultural Sciences, Xiong bank technology and a number of industry professionals in-depth analysis, trying to explore Xiong bank technology in the northeast region of industrial hemp, and ultimately whether a good business.

One

"Planting is a pit."

Since last March and April, the consultation telephone for the Economic Crops Research Institute of Heilongjiang Academy of Agricultural Sciences has increased.

Heilongjiang Academy of Agricultural Sciences is one of the few institutions in China that mainly studies hemp and flax seeds. At the beginning of last year, Heilongjiang issued the three year special action plan (2018-2020) of Heilongjiang hemp industry, and listed the hemp industry as the object of the new growth field, focusing on the Qigihar, Daqing, Heihe, Suihua and other hemp planting areas. People began to seek industrial cannabis cultivation and breeding technology in Heilongjiang Academy of Agricultural Sciences.

China Securities Journal has reported that the global high quality CBD is scarce, industrial hemp extraction gross profit margin is as high as 50%~60%, gross profit margin is also 20%~30%. Compared to planting soybeans and corn, industrial hemp yields 10 times more than that of the black soil in Northeast China, which has attracted the attention of the capital circle.

5 days ago, Yao Yongjie excitedly used the vocabulary used in the investment circles of "horse race enclosure" to describe the layout, and people laughed, "this is to harvest" Linong ".

No matter what the world says, Yao Yongjie doesn't care. On the evening of March 6th, when Xiong bank technology disclosed for the first time the relevant information on investment in industrial hemp, the reporter once telephoned Yao Yongjie. "It will have an impact on the stock market." He accepted the interview with ease.

In the 3 announcements of male shore technology, it involves industrial cannabis planting in three areas of Heilongjiang Greater Khingan Range area, Jiamusi area and Ji Linmei estuary.

The last disclosure revealed that twenty thousand acres of industrial hemp should be planted in Heilongjiang. As early as March 6th, before the first disclosure of Xiong bank technology, the reporter got the book on male hemp technology investment industrial hemp project, which also showed that Xiong bank science and technology plans to plant twenty thousand mu of industrial hemp.

For the concept of twenty thousand mu, Shi Deshan, a member of the above industry hemp industry, told reporters that it was equivalent to the planting area of Yunnan province last year.

He analyzed that if the figure was true, it was planted on a large scale. However, hemp has not yet been planted. The first partner of male technology is 100% of hemp.

"Male bank technology funds are not in place. I will cooperate with whoever first gives money." A few days ago, 100 percent of Han Ma said in an interview.

It is not only whether planting twenty thousand acres can come true. Shi Deshan, who has rich experience in planting in Yunnan, seems to be the real problem whether he can smoothly plant, manage and process.

"Ten thousand acres or twenty thousand acres will be planted, for fear that farmers have sold the seeds and changed their money." He said. Because the vast area of cultivated hemp land is spanferred from the hands of farmers, "after the money is over, they will say that I have planted, but God does not give me any strength."

In addition, twenty thousand acres need about 1000 farmers to take care of, which is also a huge challenge.

"Planting is a big pit." Shi Deshan said.

Two

Policy window period, management is not standardized

Compared with Yunnan Province, which has been liberalized for nearly 8 years, Heilongjiang and Jilin provinces are currently at the initial stage of the policy window period.

In the industry chain of industrial hemp, due to the particularity of its raw materials, many links such as breeding, planting, processing and purification, R & D, and terminal sales all need "certified driving". That is to engage in industrial hemp cultivation and processing business, it is necessary to obtain industrial marijuana planting license and industrial hemp processing license.

According to product investment, Apple Zeng, co-founder of the hemp industry fund, Yunnan is very cautious about the issuance of industrial cannabis cultivation and processing licenses. The license plate is very scarce. After a year's review, the residual THC after the purification of industrial hemp CBD is re processed into entertainment marijuana. The Yunnan narcotics control Commission will be responsible for on-site supervision and destruction of residues.

In contrast, there is no licence in Heilongjiang Province, and the filing system is being implemented. And in 2018, Jilin still has some signs.

The Heilongjiang Academy of Agricultural Sciences Research Institute of economic crops (hemp direction) researchers said that the current industrial cannabis planting in Heilongjiang is only required to apply for business license and record it to the local police station before the official planting: "the business license will write your business scope, and the cannabis in Heilongjiang is as simple as opening a small shop."

Heilongjiang does not carry out a strict licence system, but for growers, processing is a very important part. At present, the prohibition of span provincial spanportation of cannabis in China is only possible if it is processed and extracted into CBD to create profits, so there may be some policy risks for enterprises.

With the layout of hemp investment group in Yunnan and Heilongjiang, we can see that the Heilongjiang hemp Technology Company Limited is mainly responsible for breeding and planting. Yunnan has two subsidiaries. Yunnan Su Ma Biotechnology Co., Ltd. involves breeding and planting. Yunnan Han Su Biotechnology Co., Ltd. (referred to as Han Su bio) focuses on the extraction of raw materials for medical marijuana.

Shanghai Qian Qian Asset Management Co., Ltd. is the first batch of investment institutions to enter the field of industrial hemp in China. For the Heilongjiang filing system, its partner Shi Deshan also said: "you first record, in the subsequent production management process, there will be relatively great changes."

Compared with the license plate, the threshold is relatively low. The industry has said that all businesses involving license plates are good businesses. If qualification is not scarce, is it still a good business?

However, it is important to note that the government of Heilongjiang is clearly aware of this and is currently supporting the pharmaceutical processing and purification industry.

In the three year special action plan of Heilongjiang hemp industry released in Heilongjiang in February 2018, the local government is currently focusing on promoting CBD processing enterprises: the extraction project of CBD (cannabis two phenols) of Qinggang, Heilongjiang Kang Yuan Biotechnology Co., Ltd., and Harbin Limin hemp plant technology Co., Ltd. CBD (hemp two phenol) extraction project.

Three

Are male hemp fiber hemp or medical hemp?

The super gold in industrial hemp is CBD two.

Unlike THC, CBD, which is the hallmark of marijuana, is a major non psychoactive ingredient in marijuana, which is of great benefit to the human body. According to 2013 British magazine published research, CBD has antispasmodic, anti anxiety, anti-inflammatory and other pharmacological effects, which can be widely applied to the medical field including spasms and anxiety, as well as cosmetics, beverages and other fast drying areas.

Is Heilongjiang, the world's largest industrial hemp plant area, surrounded by gold?

A person who has long planted cannabis in Yunnan believes that it is not optimistic about the extraction of CBD from northeast industrial plant hemp. A staff member of the Daqing branch of Heilongjiang Academy of Sciences also said that at present, there are no approved Medical Marijuana Varieties in Heilongjiang province. All the medicinal marijuana are currently in the application status, and the most widely planted in Heilongjiang is fiber hemp.

Apple Zeng, a professional, further explained that CBD is mainly extracted from flowers and leaves of hemp species. At present, Heilongjiang hemp plants are mostly hemp hemp. The CBD extracted from this kind of fiber hemp is very few, almost negligible. It is mainly used in textile and other daily necessities, and the economic value is relatively low. Industrial cannabis was hyped up because the CBD extracted from industrial hemp had been used in the medical end.

To this end, the reporter interviewed the Heilongjiang provincial crop variety Approval Committee on January 31, 2019 issued a "on the ninth Heilongjiang crop variety Approval Committee second meeting identified the first trial through industrial Marijuana Varieties publicity."

"Publicity" shows that among the industrial hemp varieties currently approved by the first instance, except hemp No. 4, Qing hemp No. 3, hemp 4, hemp 6 and other 4 kinds of fiber hemp, there are currently hemp 7 and Longyou 5, roughly calculating the average hectare yield. At present, the yield of medical hemp is not as high as that of fiber hemp, but it has increased production in 2018, and now it reaches a total yield of 10 thousand kg or more below 20 thousand kg.

To sum up, most of Heilongjiang's current planting is fiber hemp. As for the male bank technology is fiber hemp or medical marijuana, the other side said it is not convenient to respond.

Four

Mature breeding and Cultivation Techniques

The larger the planting area, the higher the CBD content that can be purified. The answer is No.

In the industrial chain of medicine and hemp, cultivating excellent seeds with high CBD content has an absolute influence on the entire supply chain. At present, the global efforts are being made to improve the farming technology.

According to China's data from the US professional agencies, the average level of CBD in global industrial hemp seeds is 4%-5%, reaching 18%. In February 11th, the State Department of agriculture in Colorado approved a seed with a CBD content of about 6%, which has been certified locally as a good quality seed.

It takes time to research and develop seeds with high CBD content. One of the moves of the marijuana giant is to acquire existing seed companies.

Last October, Canopy Growth bought Ebbu, a cannabis genetic company in Colorado, at a price of 25 million Canadian dollars and 6 million 200 thousand shares, with a total investment of over 320 million Canadian dollars in advance. A month later, Massachusetts interstate marijuana operator MariMed invested $30 million in GenCanna, Kentucky. GenCanna is a company that produces cannabis products for CBD production.

However, the breeding of domestic industrial hemp is still blank. According to the public announcement of the Heilongjiang crop variety Approval Committee, medical hemp hemp 7 and Longnu 5 are all medicinal hemp. The CBD content is 1.2080% and 1.12%, which is still far from the international level.

According to the data of Yunnan Academy of Agricultural Sciences, the average seed yield of Yun Ma 8 seed CBD in Yunnan is 1.37 kg, which is 28.04% higher than that of Yun Ma 7. However, because the output of Yun Ma 8 is not stable, the cultivar widely planted in Yunnan is Yun Ma 7. According to the calculation, the average yield per mu of Yun Ma 7 is 1.07kg.

However, on the eve of the introduction of industrial hemp technology by Xiong bank technology, it is mentioned in a document that has not been disclosed and circulated in the industry that the goal of Xiong bank technology is "the new varieties that the research team will provide in 2019, and the CBD content is expected to increase to 1.4%, the highest CBD content in the country."

The staff of the Institute of economic crops of Heilongjiang Academy of Agricultural Sciences also said that the CBD content of the "Longnu No. 6" is about to reach 1.4%.

He explained that all cannabis seeds must be identified by the government and that growers themselves can not buy them from abroad.

Tan Xin, chairman of hemp group, said in an interview with the securities times last week that if all goes well, Han Ma Mingnian will be able to produce 10% CBD seeds. In response to this statement, the staff of the Institute indicated that the current market statements or exaggerated elements.

In addition to breeding, the Yunnan industrial hemp growers mentioned earlier mentioned that the main problems facing the CBD industry in China are insufficient capacity.

Five

Xiong bank's block chain breakout

Why does the block chain enterprise cross industry cannabis?

In an undisclosed industrial project book on industrial cannabis industry, the male bank technology group also mentioned that expanding industrial cannabis also wants to seek multiple profit growth points.

In May last year, Yao Yongjie, founder partner of the male shore fund, bought a total of 900 million Hong Kong dollars from its holding company to acquire the SHIS Limited (01647) of the listed building company of Hongkong's main board. After 4 months of acquisition, SHIS LTD announced that it was renamed "Xiong bank Technology Group". The industry generally believes that Xiong bank technology is the shell of male shore fund backdoor listing. In fact, Xiong bank science and technology later appeared in the currency circle.

Generally speaking, there are two ways to invest in the currency circle project, which are investment in token and investment in legal tender. In the way of investment in male banks, the way of legal investment is mostly used.

According to public information, in June 2018 this year, the male funds in the block chain field frequently launched. According to incomplete statistics, the investment of the male shore fund in the block chain area includes block chain social network ONO, zero knowledge image chain UseChain, hardware purse shield, quantitative trading investment project profit technology, payment project extreme trust block chain, business chain BNL, excellent learning chain, car enjoyment chain and so on.

In the same year August, the currency circle entered the bear market. Coincidentally, in 2018 of June, Xiong bank did not announce any new investment projects.

Affected by the bear market environment, a large number of block chain enterprises and project parties were bogged down on the eve of the dawn. The project previously invested by male bank is also facing the same predicament.

Take ONO as an example, in June 2018, Xiong Ling received ONO A financing.

In July 2018, the ONO project started the cornerstone public offering, 1ETH:60 10000 ONO, and did not lock up the warehouse. At that time, the converted legal cost was 1ONO=0.005 yuan.

Subsequently, ONO on-line Kucoin, opening price of about 0.003 yuan, currently about 0.0017 yuan, according to the legal tender calculation never reached the private placement price.

"It was really cut off. It was just heading for the male shore." A private person who participated in ONO told reporters.

In addition to investor damage, in fact, Xiong bank did not take advantage of this investor. The reporter calculated an account. According to the calculation of the cornerstone situation, the loss rate of the current ONO project has reached 66%.

Take BNL, the business chain of its investment, for example, the business chain announced a $15 million 500 thousand financing at the end of 7 2018, which was invested by the male shore fund.

In September 19, 2018, the BNL project opened on the DigiFinex stock exchange, opened at 0.219 USDT, opened for fifth days, hit a record high of 0.44 USDT, and then prices fell all the way. At present, it has temporarily reported 0.0018 USDT, which fell 99.59% according to the historical high point, and fell by 99.17% according to the opening price, all of which fell by more than 99%.

A person familiar with the matter revealed to reporters that Xiong's investment in the BNL project was the cornerstone wheel. As the BNL project set up a lock up period on the cornerstone wheel, the share of all the cornerstone investors could not be thrown away before the end of the lock up period, and the BNL token price began to go down all the way before the end of the lock up period.

Compared with the executive director Yao Yongjie, who invested in mining black horse jionan wisdom and joint CEO Li Xiaolai in fifty billion of the market value of EOS, the money investment of the male shore fund has lost a lot.

At the same time, after June, the male shore fund life is not very good.

In July, Li Xiaolai, the male bank fund CEO Li laughed to the "recording door" incident, and was involved in the battle with Chen Weixing, founder of the fast track. But even more deadly, the "billions of people" and "government background" it advertises are becoming precarious. First, informed sources told the media that the Hangzhou government asked the male shore fund to stop publicizing the government funds and new investment. In January 2019, Yuhang District Finance Bureau clarified that the establishment of the male shore fund was 1 billion yuan instead of 10 billion yuan. At the beginning of the fund's establishment, it was interested in cooperation with Yuhang district. Among them, the Yuhang district government industrial fund intends to invest 20%, and the future technology city council will contribute 10%. After the financial situation changed, the overall layout of the industrial fund in Yuhang district was adjusted. The Yuhang district government and the future technology city management committee did not implement the intent capital contribution plan, and terminated the cooperation with the Xiong bank fund in September 2018.

At the same time, as a listed company, Xiong bank technology will submit its 2019 annual report to the public and announce its performance for half a year. Therefore, in the case of Limited main business revenue, Xiong bank has to turn to seek new profit growth point.

How much profit will it bring to the male shore technology by turning to industrial hemp? In the industrial chain of industrial hemp, which ring is the main profit?

According to Apple Zeng, planting and extracting such upstream industries is in fact a low gross margin in the industrial chain, and agricultural planting is affected by climate.

The current high gross profit margin is in R & D and terminal. Apple Zeng said this is a more concerned part of the cannabis industry fund.

At present, CBD is divided into full spectrum and high purity. In the process of developing this industry chain, the price of the full spectrum CBD can be sold to 5000 to 9000 dollars per kilogram, the production cost is between 800 and 1000 dollars, and the high purity CBD can be sold for more than 10 thousand dollars, the cost can be controlled between 1500 and 2000 dollars, and the difference between the middle and the lower is the profit of the research and development organization.

The terminal sellers who mainly rely on medical institutions and cosmetic agencies are more profitable or even higher. The content of CBD in drugs and cosmetics is calculated by milligram, but the price of single products is high, and it is a bigger income.

In view of the international situation, the domestic industrial hemp industry is still dominated by planting and extraction industry, and R & D institutions are mostly in foreign countries.

With the excitement of the financing market and the fierce reaction of the two tier market, the global industrial cannabis fever obviously seems to be a promising business, but its hot reason is actually not in profit, but in anticipation.

At present, there are still bottlenecks in the regulation of domestic industrial hemp, which are not uniform, unclear and restricted in breeding technology. However, the good prospects lie in the good prospects of domestic policies, and the good natural conditions for planting in China, and the huge market demand of the world.

This seems to be similar to the initial stage of block chain. Is the male technology that has gone through the block chain bubble stage, a reserve force for deep tillage industry or a round robin movement before grabbing the draught? Everything remains to be seen.