Introduction


This Management's Discussion and Analysis ("MD&A") should be read together with
other information, including our unaudited interim condensed consolidated
financial statements and the related notes to those statements included in Part
I, Item 1 of this Quarterly Report (the "Interim Financial Statements"), our
consolidated financial statements appearing in our Annual Report on Form 10-K
for the year ended April 30 2020 and Part I, Item 1A, Risk Factors, of the
Annual Report. This MD&A provides additional information on our business, recent
developments, financial condition, cash flows and results of operations, and is
organized as follows:

? Part 1 - Business Overview. This section provides a general description of our

business, which we believe is important in understanding the results of our

operations, financial condition, and potential future trends.

? Part 2 - Results of Operations. This section provides an analysis of our

results of operations for the second quarter of fiscal 2021 in comparison to

the second quarter of fiscal 2020, and for the six months ended October 31,

2020 in comparison to the six months ended October 31, 2019.

? Part 3 - Financial Liquidity and Capital Resources. This section provides an

analysis of our cash flows and outstanding debt and commitments. Included in

this analysis is a discussion of the amount of financial capacity available to


    fund our ongoing operations and future commitments.




We prepare and report our Interim Financial Statements in accordance with U.S.
GAAP. Our Interim Financial Statements, and the financial information contained
herein, are reported US dollars, except share and per share amounts or as
otherwise stated.



As used in this Form 10-Q statement, the terms "we", "us" and "our" mean Hemp
Technology Inc. and its subsidiaries, Hemp Technology Inc., Hemp Biotech Inc.,
Sol Terra, 4033000, 4033001 and 4033001 unless otherwise specified. In this Form
10-Q statement, the terms "dollar", "US$" or "$" refer to United States dollars
and the term CDN$ refers to Canadian dollars.



                           Forward-Looking Statements



This Form 10-Q statement contains forward-looking statements. Forward-looking
statements are projections in respect of future events or our future financial
performance. In some cases, you can identify forward-looking statements by
terminology such as "may", "should", "intend", "expect", "plan", "anticipate",
"believe", "estimate", "predict", "potential", or "continue" or the negative of
these terms or other comparable terminology. These statements are only
predictions and involve known and unknown risks, including the risks in the
section entitled "Risk Factors", uncertainties and other factors, which may
cause our company's or our industry's actual results, levels of activity or
performance to be materially different from any future results, levels of
activity or performance expressed or implied by these forward-looking
statements. Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity or performance. Except as required by applicable law,
including the securities laws of the United States and Canada, we do not intend
to update any of the forward-looking statements to conform these statements

to
actual results.



Forward-looking statements are provided for the purposes of assisting the reader
in understanding our financial performance, financial position and cash flows as
of and for periods ended on certain dates and to present information about
management's current expectations and plans relating to the future, and the
reader is cautioned that the forward-looking statements may not be appropriate
for any other purpose. While we believe that the assumptions and expectations
reflected in the forward-looking statements are reasonable based on information
currently available to management, there is no assurance that such assumptions
and expectations will prove to have been correct. Forward-looking statements are
made as of the date they are made and are based on the beliefs, estimates,
expectations and opinions of management on that date. We undertake no obligation
to update or revise any forward-looking statements, whether as a result of new
information, estimates or opinions, future events or results or otherwise or to
explain any material difference between subsequent actual events and such
forward-looking statements, except as required by law. The forward-looking
statements contained in this Quarterly Report and other reports we file with, or
furnish to, the SEC and other regulatory agencies and made by our directors,
officers, other employees and other persons authorized to speak on our behalf
are expressly qualified in their entirety by these cautionary statements.



Part 1 - Business Overview



Corporate History



Our Company was originally incorporated in July 2005 in Nevada under the name
"Loma Verde Inc." Our Company was initially formed for the purpose of acquiring
and developing mineral properties and was therefore considered to be in the
pre-exploration stage. Mineral claims with unknown reserves were acquired, but
we did not establish the existence of commercially mineable ore deposits and we
decided to abandon our mineral claims and to pursue other business
opportunities, one of which was the alternative energy business.



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In March 2007, we engaged in a merger with our wholly owned subsidiary, "Clean Power Concepts Inc.", for the purpose of changing our name.





In April 2010, we changed our business focus to the operation of the business
conducted by our subsidiary "General Bio Energy Inc.", which was focused on the
environmentally friendly green energy industry. General Bio Energy Inc. was
incorporated in the Province of Saskatchewan in February 2006 under the name
"Canadian Green Fuels Inc." and changed its name to "General Bio Energy Inc." in
September 2008. General Bio Energy Inc. commenced its pre-production stage in
May 2006 and began selling products in July 2008. From 2008 to 2011, we were
engaged in the development of a bioenergy business focused on agricultural
processing and the environmentally friendly green energy industry. We produced a
range of products manufactured by crushing oilseeds and refining the
by-products. Our subsidiary, General Bio Energy Inc., operated a fully
integrated commercial oilseed crushing, bio-diesel refinery, which used its
proprietary processes to produce two main co-products, oil and meal, each of
which were further processed and then sold. The oil products produced from this
process could be divided into three subcategories: (i) vegetable oil for human
and animal consumption; (ii) biofuel and biofuel additives; and (iii)
environmental lubricants and conditioners, penetrating sprays, dust
suppressants, cutting oils and other "ECO-lubricants". We also added a new group
of oil products to our product mix: natural consumer health products. The meal
and protein related products were used for agricultural and aquaculture
feedstock. We considered our facility to be a "green" manufacturing facility
because it had minimal effluents, using methods which are emissions friendly.
Our production facility and head office were located in Regina, Saskatchewan.

From 2012 to 2019, we focused on clearing our debts from prior biofuels operations by issuing shares in exchange for the settlement of these liabilities, and on seeking a different venture for our shareholders. In 2013, our company changed its corporate jurisdiction to the State of Wyoming.





Our Current Business



On January 18, 2020, we changed our name to "Hemp Technology Inc." and announced
a new business plan in the emerging hemp related products business. We hired new
management to carry out these plans and raised $0.3 million seed capital between
March and September 2020 to commence the process.



The Company operates and intends to further obtain a diversified portfolio of
subsidiary companies. Focusing on a variety of assets, products, and ancillary
offerings in the hemp and related industries, the Company's fluid business model
is positioned to capitalize on, and adapt to, changing market conditions.
Management of the Company continues to seek opportunities and strategic
acquisitions that support its business model. Hemp Technology Inc., operates and
intends to further augment their diversified portfolio of subsidiary companies.
Focusing on a variety of assets, products, and ancillary offerings in the hemp
and related industries, HPTY's fluid business model is positioned to capitalize
on, and quickly adapt to, changing market conditions. The Company is continually
seeking opportunities and strategic acquisitions that support its business model
and maintain alignment with the dynamic industry environment. The Company
consists of subsidiaries which hold two hemp processing licenses in the state of
Kentucky, Cannary Distribution in the Los Angeles metropolitan area, Verified
Vapes, hardware manufacturer, and Pettanicals a high-quality nutritional pet
supplement performance products brand. The Company currently has operations

in
the U.S. and Canada.




On May 2, 2020, Hemp Technology, a Wyoming corporation (the "Registrant" or "the
Company") and its wholly owned subsidiary 4033002, a newly formed Wyoming
Corporation entered into an Asset/Share Exchange Agreement and corresponding
Bulk Asset Sale Agreement with Cannary Packaging, Inc., "Cannary"), a private
British Columbia company. Under the terms of the Asset/Share Exchange Agreement,
Cannary agreed to exchange its non-operating assets to 4033002, the Registrant's
subsidiary. The non-operating assets were valued at approximately $2,185,291 and
were exchanged for 21,852,907,580 of the Registrant's unregistered restricted
common shares (the "Issued Shares") of newly issued common stock to existing
shareholders of Cannary based on their pro-rata ownership in Cannary.



On December 16, 2020, the Company issued 479,030,140, unregistered restricted
common shares to three shareholders. The issuance of these shares goes back to
the Asset/Share Exchange Agreement, where the Company's subsidiary, 4033002
exchanged shares for non-operating assets owned by Cannary Packaging, Inc., a
private British Columbia company, with approximately 58 shareholders. When the
share exchange took place in July 2020 a clerical error was made, and these
three shareholders failed to receive their pro-rata ownership in the exchange.
The issuance of these 479,030,140, unregistered restricted common shares
corrected this clerical



The purpose of acquiring these Non-Operating Assets is twofold: 1) 4033002
becomes the operating asset acquisition subsidiary for the Registrant; and 2)
the acquisition of these Non-Operating Assets helps qualify Registrant for

a
NASDAQ listing.



On May 20, 2020, Hemp Technology, a Wyoming corporation (the "Registrant" or
"the Company") and its wholly owned subsidiary 4033001, a newly formed Wyoming
Corporation entered into a Bulk Asset Sale Purchase Agreement with Vanessa
Miskuski and Chad Costa. Under the terms of the Bulk Asset Sales Purchase
Agreement Vanessa and Chad Costa agreed to sell to 4033001, the Registrant's
subsidiary, intangible assets valued at historical cost, in exchanged for
1,000,000,000 unregistered restricted common shares of the Registrant. The
intangible assets were formerly owned by Pettanicals Pet Treats, Inc., a private
Canadian company, which has been dissolved in accordance with section 314(1) of
the British Columbia Business Corporations Act. Management believes that by
purchasing these intangibles, it may be able to revive the pet vitamin business,
which is now defunct. There is no assurance or guarantees that management will
be successful or able to revive this former business.



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On September 11, 2020, Hemp Technology Inc., a Wyoming corporation (the
"Registrant" or "the Company") and its wholly owned subsidiary 4033001, a newly
formed Wyoming Corporation, completed its acquisition of True Leaf Pet Inc.'s
assets. The two companies first entered into the bulk asset purchase agreement
on August 11, 2020. The bulk asset purchase agreement (the "Transaction") was
subject to approval by the Court of the Transaction within 30 days of the
execution date. The Transaction closed on September 11, 2020.

True Leaf is a brand of hemp oil infused pet products and a subsidiary of True Leaf Medicine International Ltd. The pet wellness brand was launched in the Canadian market in 2013 and has since introduced more than 40 products to market.

Update on the COVID-19 Pandemic





On March 11, 2020, the World Health Organization ("WHO") recognized COVID-19 as
a global pandemic, prompting many national, regional, and local governments,
including in the markets that the Company operates in, to implement preventative
or protective measures, such as travel and business restrictions, temporary
store closures, and wide-sweeping quarantines and stay-at-home orders.



As a result, COVID-19 has significantly curtailed global economic activity,
including in the industries in which the Company operates. The full extent of
the pandemic, related business and travel restrictions, governmental regulations
and changes to consumer behavior intended to reduce its spread are uncertain as
of the date of this Quarterly Report on Form 10-Q, and the timing of the peak of
the pandemic and its ultimate impact on the U.S. and global economies remains
uncertain.



Therefore, the full extent to which the COVID-19 pandemic may impact our results
of operations, liquidity or financial position is uncertain. In addition, the
COVID-19 pandemic has had and is likely to continue to have adverse effects on
our clients, suppliers and third-party business partners. Management continues
to monitor the impact that the COVID-19 pandemic is having on the Company and
the economies in which we operate. We anticipate that our liquidity may be
materially impacted by the COVID-19 pandemic and we expect that the effect of
the COVID-19 pandemic will not be fully reflected in our results of operations
and overall financial performance until future periods



We will continue to actively monitor the development of the COVID-19 pandemic
and may take further actions that alter our business operations as may be
required by federal, state or local authorities or that we determine are in the
best interests of our employees, clients, partners, and stockholders.



Recent Event



On November 12, 2020 the Company held its Annual Shareholder meeting. At the
meeting, approximately 86% of the total issued and outstanding shares voted in
favor of:



  1. Election of Directors
                a.         Michael Shenher
                b.         Chad Costa
                c.         Walter Shredl

2. Approval to effectuate a reverse stock split, where the current total and

issued outstanding common shares does not exceed 20,000,000 shares

3. In favor or an advisory vote on the Company's Executive Compensation

4. In favor of advisory vote on the frequency of a three-year cycle on the

advisory vote on executive compensation.

5. Ratified the appointment of MNP LLP, Member of Praxity as the Company's


     Independent Registered Public Accounting Firm




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Part 2 - Results of Operations





Revenue

Comprised of approximately 65% of sales made to other distributors and the remaining 35% to business to business ("B2B") customers. Revenue has been consistent over past two quarters with a monthly average of $ 894,821.





Operating Expenses



We incurred operating expenses of $521,965 during the six months ended October
31, 2020. These expenses were primarily the result of engaging key staff to
develop our business plan and fulfilling public company reporting obligations.
Generally, the operation expenses were much lower due to the reduction of
startup costs and staff being laid off due to the pandemic as a result of the
Corona Virus (Covid-19).

Net Income from Operations


We incurred a net operating Income of $11,090 after other income, provision for
income taxes net loss from operations during the six-month period ended October
31, 2020 and a net loss of $211,228 in the comparable period in 2019.

The following tables set forth, for the periods indicated, statements of operations data. The tables and the discussion below should be read in conjunction with the accompanying interim condensed consolidated financial statements and the notes thereto in this report.





Consolidated Results



Revenues                 Three months ended October 31,                          Percent
                           2020                  2019             Change         Change
Revenues             $      2,405,342       $             0     $ 2,405,342           100 %
Costs and expenses          2,626,589               106,174       2,520,415            96 %
Net Income (Loss)    $       (221,247 )            (106,174 )      (115,073 )          52 %




                       Six months ended October 31,                         Percent
                          2020                2019           Change         Change
Revenues             $     3,355,581       $               $ 3,355,581           100 %
Costs and expenses         3,344,491           211,228       3,133,263            94 %
Net Income (Loss)    $        11,090          (211,228 )       222,318          2005 %

Revenue increased because of acquiring assets of Cannary Packaging Inc.and sales activities within the newly formed 4033000 subsidiary.





Costs and expenses



                                          Three months ended October 31,                           Percent
                                            2020                   2019            Change          Change
Cost of sales                         $       2,130,219       $                  $ 2,130,219             100 %
Selling, general and administrative             492,039              106,174         385,865              78 %
Depreciation and amortization                     4,331                   

0           4,331             100 %
                                      $         487,708              106,174         381,534              78 %




                                         Six months ended October 31,                           Percent
                                            2020                 2019           Change          Change
Cost of sales                         $      2,809,231       $          0     $ 2,809,231             100 %
Selling, general and administrative            530,929            211,228         319,701              60 %
Depreciation and amortization                    4,331                  0  

        4,331             100 %
                                      $        517,634            211,228         306,406              59 %




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