CSE’s James Black was recently joined by Vishal Gupta, CEO of California Gold Mining Inc. (CSE:CGM), to discuss his company’s multi-pronged growth strategy in hemp cultivation and wholesaling, as well as gold exploration in California.
In this conversation, Vishal discusses how he is leveraging operating cash flow from their hemp business to fund gold exploration (1:48), the importance of understanding the bottlenecks in the wholesale hemp market (4:54), and why his company isn’t growing hemp in Canada (8:28).
Listen until the end to learn why hemp CBD extraction still needs to grow by an order of magnitude to supply companies like Coca Cola, the environmental benefits of growing hemp, and Vishal’s own experience in investment banking (and how it led him to running a gold/hemp company).
The CSE proudly welcomed California Gold Mining Inc. (CSE:CGM) for a Market Open at the CSE Media Centre on February 12th, 2020.
Headquartered in Toronto, California Gold Mining Inc.’s core business involves the development of high-quality gold resources, as well as the cultivation and processing of high-CBD industrial hemp. The company currently focuses its gold resource exploration initiatives on its 100%-owned Fremont property in Mariposa County, California, which is comprised of 3,351 acres of historically producing gold mines. In addition, California Gold Mining Inc. is in the process of establishing an outdoor, high-CPD industrial hemp biomass cultivation operation on its newly acquired Grove Road Farm property in Kendall County, Illinois. This 100%-owned property is comprised of 82 acres of farmland, on which 130,000 industrial hemp plantlets have been sown thus far.
“We’re very honoured that we were invited today to ring the bell, and we are very happy to be here,” remarked Vishal Gupta, CEO at California Gold Mining Inc.
Referring to their hemp cultivation initiatives, he added, “Just a couple weeks back, we signed agreements for our isolates and distillates. And we’re days away from achieving our first sales, and consequently, our first revenues. The one unique thing about California Gold is, from our very first revenue stream, we will be able to generate an operating profit, which sets us a little apart from the rest of the hemp and cannabis field.”
Along with Gupta, other key members of the California Gold Mining Inc. team were also in attendance at the Market Open.
Listen to the podcast on this Market Open featuring Vishal Gupta here.
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