Hemp Inc (OTCMKTS:HEMP) has seen a recent spike in volume and trading as we head into the holiday season, the time of year when pot stocks usually heat up and light up the bb’s. HEMP has a history of explosive moves but last year was legendary as the stock ran from well below $0.01 to a spectacular high of $0.34.
Besides the fact that this is the season when pot stocks heat up there are a number of catalysts that point to a colossal year ahead for pot smokers and hemp growers alike. Laws are changing very quickly and vast multi-billion dollar untapped markets are opening up overnight.
HEMP is one of the original pot stocks that was around in 2011 and 2012 when there was just a hand full, long before the current situation, with every other penny stock claiming an operating division in the sector.
The shell was incorporated on January 16, 2008 in Colorado as Preachers Coffee, Inc; PCIO. On November 11, 2009 the Company changed its name to Marijuana, Inc. and on October 10, 2011 the trading symbol was changed to HEMP.
Hemp Inc is holding company with a number of subsidiaries operating in the industrial hemp sector as well as the legal cannabis industry. Subsidiaries include:
Marijuana, Inc. is a company with a vision. Part of that vision is foreseeing the potential worldwide benefits that may be derived from the myriad of uses for industrial hemp and recognizing the profits that could be made in making the world a better place.
Hemp.com is the premier domain name in the industrial hemp sector. As such, Hemp.com strives to set new standards as the world hemp market evolves to new heights
Marijuana Inc.TV is a film production company focusing on bringing the best in cannabis information and entertainment to its viewers at marijuanainc.tv the website focuses on bringing the best in cannabis information and entertainment to its viewers.
Herbagenix is committed to bringing the most effective and healthful Nutraceuticals and Cosmeceuticals to an appreciative market. Efficacy is our primary concern. After years of extensive research and development, Herbagenix is proud to offer products that utilize our patent pending polyherbal blends and that are potent and safe when taken as directed.
HEMP also has a number of spin-off companies including BioSwan, Your Bev and VoipNetx.
In recent news HEMP said that it is one of the major sponsors of the 1st Annual “Cultural Creatives” Ascent Expo in Los Angeles, CA, February 27 – March 1, 2015 which will be held at the Los Angeles Convention Center.
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HEMP CEO is a colorful character named Bruce Perlowin who openly admits he spent 9 years in prison for drug smuggling. He says on his web site. “This is a dot.com explosion except there is a real product behind us, not air,” Mr. Perlowin is also an avid investor in stocks in the industry himself and we can see evidence of this from the last 10Q the Company filed on November 20; it shows $4,169,360 held in marketable securities.
The 10Q from November 20 also shows a dire financial situation that shows a history of losses. Sadly this has led to significant dilution over the years with shares outstanding increasing from 781,778,537 in March, 2012 to current 2,673,989,058 as of September 30, 2014.
HEMP volume is picking up big in recent trading sessions as the entire pot sector is beginning to heat up and show signs of a coming resurgence; there are tons of catalysts at play all pointing to a big 2015. Speculators can expect huge exposure coming from events such as legalization becoming effective in Alaska on February 24 and legalization becoming effective in Oregon in early July.
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Currently trading at a $78 million market valuation HEMP is priced high already as are most in the sector. This matters little however as HEMP is one of the originals and one of the ones that investors go to when the sector heats up as it is right now. Indeed it looks as if there is massive demand for HEMP at current price levels; investors are dreaming big, after all, everyone remembers how HEMP performed the last time the sector heated up.
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Disclosure: we hold no position in HEMP either long or short and we have not been compensated for this article.