HempAmericana Inc (OTCMKTS: HMPQ) has been on the rise again after the stock dipped below the $0.01 mark. HMPQ made a move earlier this year running to $0.0277 in January before establishing new all time lows of $0.0053
HMPQ has a long history of making moves running to highs near $0.05 on 2 seperate occasions over the past 5 years.
HempAmericana Inc (OTCMKTS: HMPQ) is an emerging leader in the CBD products market. The Company owns and operates a high-capacity, state-of-the-art CBD extraction and processing facility located in Augusta, Maine. This facility is armed with a supersized supercritical CO2 extraction system, centrifugal partition chromatography refinement technology, and a mechanized fully-automated CBD bottling system. HempAmericana also owns and operates Union Farm, a high-potency CBD strain development facility located in Union, Maine. The Company’s CBD oil business uses the brand designation, “Weed Got Oil”. HempAmericana also researches, develops, and sells products made of industrial hemp, including a popular brand of hemp rolling papers marketed under the brand name, “Rolling Thunders”.
The Company started off making hemp based rolling papers known as “Rolling Thunders” that are to be used for the smoking of tobacco and other legal substances. In essence anything that can be made with plastic can be made with industrial hemp and HempAmericana plans to fill the growing need and demand for hemp based products within the United States.
In May HMPQ announced it has commenced bottling 500mg and 1000mg full spectrum CBD distillate in the Company’s Augusta, Maine laboratory. The inaugural production will be to produce 2000 bottles per day with a gradual increase to 8000 bottles per day to fill demand. The CBD distillate will be distributed under HMPQ’s proprietary brand, “Weed Got Oil”.
CEO Salvador Rosillo states: “After so many struggles, we have been able to prevail and we are now officially in production of this incredible product. I am extremely grateful to the HMPQ team and to all of the shareholders that have stayed the course with us during the travails we had to surmount to get here. We can now see the light and are grateful for your patience and support. We are a real company, bootstrapping operations and our laboratory features extraction equipment including a supercritical C2 extraction machine. We look forward to providing you with several updates over the coming weeks.”
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HMPQ has been on the rise after the Company announced the Company has agreed to terms with an Emerging Hemp distributor of Florida for an initial purchase of 27 kg of white-label bottled CBD Oil at a rate of $6,500/kg, representing the initial purchase order in a continuing supplier relationship. The purchase order also contains specified terms for bottling and delivery of CBD Oil products. The Hemp distributor has agreed to pay HempAmericana $3/bottle for providing and employing bottling materials to produce 30 ml bottles of CBD Oil in MCT oil base, with each bottle containing 750mg, 1000mg, or 1500mg of CBD Oil, as specified by the Hemp distributor.
The Hemp distributor has also agreed to provide all labeling and packaging materials and will cover all shipping charges associated with product delivery. In return, to document compliance with Federal regulations, HempAmericana has agreed to provide a Certificate of Analysis and Batch Number for each batch of CBD Oil produced and provided in fulfillment of the contract.
“We see tremendous promise in this new relationship with this Hemp distributor,” commented Salvador Rosillo, CEO of HMPQ. “Now that we are ramping up production at our Maine facility, we anticipate a steep sales growth curve through the remainder of the year, leveraging both our proprietary label distribution and white label supplier relationships like this one. Only a fraction of the total addressable market for CBD products has been tapped, but increasing adoption by mainstream consumers suggests the wick has been lit.”
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Currently trading at a $22.8 million market valuatioin HMPQ has little assets or revenues and fast rising debt. But HMPQ is an exciting story developing in small caps; the Company owns and operates a high-capacity, state-of-the-art CBD extraction and processing facility located in Augusta, Maine. HempAmericana also owns and operates Union Farm, a high-potency CBD strain development facility located in Union, Maine. Investors are bidding the stock up after the Company announced they agreed to terms with an Emerging Hemp distributor of Florida for an initial purchase of 27 kg of white-label bottled CBD Oil at a rate of $6,500/kg, representing the initial purchase order in a continuing supplier relationship. We will be updating on HMPQ when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HMPQ.
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Disclosure: we hold no position in HMPQ either long or short and we have not been compensated for this article