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The Fascinating Story of Cannary Packaging; Hemp Technology Inc (OTCMKTS: HPTY)

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Hemp Technology Inc (OTCMKTS: HPTY) is running up the charts and heating up in recent days skyrocketing up out of the triple zeroes as penny stock speculators jump on board and bid the stock price higher.

HPTY is an exciting new Company with a vision for the Hemp and CBD related industries. Recently the Company acquired Cannary Packaging Inc., a leading North American distributor of ancillary products and services for the legal cannabis and CBD industries in an assets for shares transaction. Cannary, with its broad distribution and exclusive factory agency for its “Verified Vapes”, vaporizer hardware products generated $3.7 Million revenue in its first full calendar year of operation.

Hemp Technology Inc (OTCMKTS: HPTY) is a vertically integrated, publicly traded holding company with an expansive vision for the Hemp and CBD 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 currently holds two hemp processing licenses in the state of Kentucky.  The Company currently has operations in the U.S. and Canada.Hemp Technology has assembled a highly experienced executive team with over 40 years of combined business experience. Their expertise includesmanagement, financing, acquisitions, business development, product development, and operations. They have been instrumental in launching successful start-ups, including establishing sales channels that have contributed to shaping emerging marketplaces. Management has the business acumen to navigate change to meet the growing international demand for hemp-derived CBD, plant-based products and premiere hardware.

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HPTY

Earlier this year HPTY acquired the assets of Cannary Packaging Inc., a leading North American  distributor of ancillary products and services for the legal cannabis and CBD industries in an assets for shares transaction. The Company believes HempTechhas developed a highly scalable platform with exposure to a diversified base of rapidly growing customersand markets.“Cannary, with its broad distribution and exclusive factory agency for our “Verified Vapes”, vaporizer hardware products,will further broaden our sales penetration and build brand value in high growth markets” stated Michael Shenher, CEO.“Cannary generated $3.7 Million revenue in its first full calendar year of operation, and we expect it be the engine of significant growth for HempTech” stated Chad Costa, President.

The Company has been making big moves behind the scenes moving its business address from Alberta, Canada to Gardena Avenue Signal Hill, California. They appointed Chad Costa, and Walter Schredl to the board of Directors. HPTY also appointed Stephen Jesson as President of 4033002, A Wyoming company DBA Cannary Distribution.  Cannary Distribution head quartered in Long Beach, CA is the fulfillment agent for ancillary products and Verified Vapes hardwarethroughout North America and has developed a highly scalable platform with exposure to a diversified base of rapidly growing customers and markets. Mr. Jesson has successfully conducted businesswith worldwidemanufacturers andwholesale suppliersfor over 20 years. Havingdone business on 6 continents,Mr. Jesson’shas anentrepreneurialorientation and stronghistory of execution and performance.

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Currently running up the charts HPTY is an exciting story developing in small caps; the Company recently acquired Cannary Packaging Inc., a leading North American distributor of ancillary products and services for the legal cannabis and CBD industries in an assets for shares transaction. Cannary, with its broad distribution and exclusive factory agency for its “Verified Vapes”, vaporizer hardware products generated $3.7 Million revenue in its first full calendar year of operation. HPTY has serious liquidity, huge momentum and a fast growing shareholder base bidding the stock higher. We will be updating on HPTY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HPTY.

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Disclosure: we hold no position in HPTY either long or short and we have not been compensated for this article.

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