The market for kenaf fiber and products basically is dead, which is why Kenactiv Innovations went bankrupt. Perlowin has been sitting on 1M pounds of processed kenaf fiber since he bought the equipment and inventory in Feb, 2014, yet except for a few tons sold to a Kins Domain hippie community for use as a concrete additive, and despite breathlessly telling us last May how desired it was, hasn't announced any more sales of the fiber or the leftover bags of absorbent materials milled from the core of the kenaf plants.
Expect to see HEMP show a big loss in 4Q/14 and again in 1Q/15, though the shares received from the VAPR consulting deal announced in 4Q/14 will somewhat mitigate the absolute lack of other revenues.
1) Perlowin bought the machinery and kenaf at a bankruptcy auction of Schmitt's old company, Kenactiv Innovations for less than $500K, and he probably had to pay cash (likely generated by selling HEMP shares in late 2013 or early 2014.)
2) Kennactiv's plant (formerly Kenaftec and before that, Greene Natural Fibers) was built in approximately 2005 at the Spring Hope site where it was auctioned.
3) Perlowin's new "plant" in Snow Hill is about 45 miles North Northwest of Spring Hope