Good Hemp Inc (OTCMKTS: GHMP) is rocketing up the charts in recent trading on growing volume after a quick reversal off $0.016. Blessed with a low float of just 7 million free trading shares the stock moves fast and is looking to take out last week’s highs of $0.078 for confirmation of the next leg up. Already GHMP has attracted some major players in penny stocks and there is power behind the run with a $70,000 bid flashing during today’s trading session during which the stock easily topped $1 million in dollar volume. GHMP is an SEC filer and filed its 10k on April 25. 2022.
Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. Two recent RM runners that stand out are TSNP which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. GHMP just completed the merger with Petro X Solutions, Inc. a seller of environmentally-friendly products. Petro X primary product, EnviroXstreamTM, is a plant-based, non-toxic, safe, yet powerful, cleaner/degreaser technology (California South Coast AQMD-Certified Clean Air Solvent.) that expedites the natural bio-degradation process of hydrocarbons and other compounds. GHMP has another merger agreement in place with Restoration Artechs, Inc, a Carlsbad, California-based restoration service company specializing in surface restoration, especially commercial and residential stainless-steel surfaces. Through its subsidiary, Barry’s Restore It All Products, LLC, it markets and sells to businesses and consumers Scratch-B-GoneTM, a stainless-steel surface restoration kit, among other products.
Good Hemp Inc (OTCMKTS: GHMP) operating out of North Carolina is made up of industry veterans focused on exploiting niche markets in the beverage industry. The Company’s current products include high alkaline water products, hemp-based beverage products under the Good Hemp® brand, and CBD softgels under the Good Hemp Wellness brand. Good Hemp® products include two lines of hemp-based beverages. Good Hemp® products have been sold throughout the United States since 2016 via Amazon.com, as well as local retailers.
The Company’s products include Good Hemp® 2oh!, CANNA HEMP and CANNA are a line-up of refreshing, all-natural, “good-for-you”, ready-to-drink waters in six flavors: blueberry-blast, island coco-lime, kiwi-strawberry, lemon-twist, mango-fandango and Q-cumbermint. Each Good Hemp® 2oh! beverage is 16.9 fluid ounces infused with 10 mg of hemp oil (CBD rich), 6g of prebiotic fiber, has 0 g of sugar, contains no artificial sweeteners or artificial flavors, is gluten free, vegan, and contains 0 net carbs.
Good Hemp® fizz is a line-up of carbonated refreshing, all-natural, “good-for-you”, “ready-to-drink carbonated beverages in three flavors: blueberry-bam, mango-tango and citrus-twist. Each Good Hemp® fizz beverage is 12 fluid ounces infused with 10 mg of hemp oil (CBD rich), 6 g of prebiotic fiber, contains no artificial sweeteners or artificial flavors, is gluten free and vegan.
Good Hemp Wellness is a line of CBD soft gels that uses a proprietary super absorption formula which minimizes the nutrients lost during the digestive process and allows consumers to absorb more CBD in smaller doses.
Diamond Creek High Alkaline Water is a 9.5pH high alkaline natural spring water, sourced from the highest quality, award winning springs. Diamond Creek is available in one gallon, one liter and half liter bottles and aids in balancing the body’s pH while providing superior hydration resulting from a proprietary ionization process.
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Good Hemp is focused on expanding its US distribution reach to service more national chain stores; increase awareness of our brands in the United States; securing additional chain, convenience and key account distributors and store listings for our brands nationwide and internationally; increasing our warehouse direct-to-retail channel. The Company is on the lookout for strategic acquisitions and partnerships in the beverage sector, such as Diamond Creek Group, LLC which was acquired in 2021.
Non-alcoholic beverages are among the most widely distributed food products in the world and are being sold through more than 400,000 retailers in the United States, our core market. The United States has more than 2,600 beverage companies and 500 bottlers of beverage products. Collectively they account for more than $100 billion in annual sales. It is estimated that globally more than $300 billion worth of non-alcoholic beverages are sold annually. The beverage market is controlled by two giants, The Coca-Cola Company and PepsiCo, combining for over 70% of the non-alcoholic beverage market.
On May 11, 2022, GHMP completed the merger with Petro X Solutions, Inc. as reported in the May 17 8k. PXS markets competitively-priced, environmentally-friendly products that are designed to work as well as or better than their toxic competitors. Its primary product, EnviroXstreamTM, is a plant-based, non-toxic, safe, yet powerful, cleaner/degreaser technology that expedites the natural bio-degradation process of hydrocarbons and other compounds. EnviroXstreamTM is currently a California South Coast AQMD-Certified Clean Air Solvent, and in the past has been, an EPA-designated Safer Choice product. EnviroXstreamTM distinguishes itself by its efficacy, which is buttressed by its “green” credentials.
On March 14, 2022, GHMP entered into another Plan and Agreement with Restoration Artechs, Inc, pursuant to which a wholly-owned subsidiary of the Company will merge with and into Restoration, with Restoration becoming the Company’s wholly-owned subsidiary as a result of the Restoration Merger. Pursuant to the Restoration Merger Agreement, 25,000,000 shares of Company common stock will be issued to the shareholder of Restoration in the Restoration Merger. The Restoration Merger closing is to occur upon the satisfaction of several conditions.
Restoration is a Carlsbad, California-based restoration service company specializing in surface restoration, especially commercial and residential stainless-steel surfaces. Through its subsidiary, Barry’s Restore It All Products, LLC, it markets and sells to businesses and consumers Scratch-B-GoneTM, a stainless-steel surface restoration kit, among other products.
$GHMP new CEO Ron Sickles is an officer of Relevant Power Solutions https://t.co/fDOJ8PKNVUhttps://t.co/PH6t4iEfzh
20120 E Hardy Rd, Houston, TX 77073
Revenues over $23M with 97 employess pic.twitter.com/71GKqE8BYy
— Deep Blue (@DeepBlueEquity) May 17, 2022
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GHMP has just 28,224,704 shares outstanding, 21,268,439 of which are restricted leaving 6,956,265 shares outstanding. While GHMP does carry $5 million in liabilities on the books the Company is starting to see some solid revenues reporting $1,222,067 in sales for the 3 months ended December 31, 2021 up from $400k for the same period last year. Reverse merger stocks can be more explosive than biotech’s and GHMP has been no exception so far; currently rocketing northbound speculators are looking for a break over $0.078 highs from last week. GHMP just completed the merger with Petro X Solutions, Inc. a seller of environmentally-friendly products whose primary product is EnviroXstreamTM and they have a merger agreement in place with Restoration Artechs, Inc, a Carlsbad, California-based restoration service company specializing in surface restoration, especially commercial and residential stainless steel surfaces. We will be updating on GHMP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GHMP.
Disclosure: we hold no position in GHMP either long or short and we have not been compensated for this article.