Wrapmail Inc (OTCMKTS:WRAP) is a micro-cap stock that’s clearly begun to spur some interest among players in the marketplace as shares bounce up off recent lows. WRAP stock has been powering higher of late, pushed in part by its recent announcement that they have acquired 100% of HealthMax Group (HealthMaxgroup.com), “thereby entering the multi-billion dollar cannabis industry.”
This is another in a line of such transitions, which should be expected. The fact of sharply increasing growth in the cannabis space is huge lure. Companies with both the ability to succeed and those simply desirous of increased enthusiasm around the market for shares of their stock will see this type of move as an attractive option. This happens any time a new major growth market develops. It’s “red hot” as a narrative. Our job is to separate the contenders from the pretenders. The jury is out on HealthMax at this stage.
Wrapmail Inc (OTCMKTS:WRAP) has previously billed itself as a public company trading under the symbol WRAP, and is comprised of two complimentary business offerings. WRAPmail is a patented interactive email stationery for regular (one-on-one) business and personal emails. The WRAPmail solution combines its proprietary patented technology with custom marketing content and provides a next generation marketing e-mail platform for organizations and individuals.
The Company provides a “rich” e-mail letterhead solution to organizations and individuals allowing e-mail correspondence to be written on letterhead as opposed to a blank sheet of paper, which is today’s current practice. Basically, a “rich” e-mail message is one that includes one or more of the following multi-media features — graphics, pictures, text, audio, video, animation and links. WRAPmail has developed a platform of rich e-mail software features based on industry standards packaged as an integrated, turnkey server-centric product that resides in the cloud. Secondly, WRAPmail, Inc. offers Prosperity Bullseye.
The company may be fully transitioning with this acquisition, but we don’t have full clarity on that. It would appear that the WRAPmail and Prosperity Systems segments will exist as subsidiary companies within the HealthMax identity.
HealthMax is “located in Seattle, Washington and focuses on emerging nano-technologies and first-to-market development activities on branded OTC and Medicinal Grade products containing the purest hemp derived Cannabidiol (CBD) isolate known to the company as the active medicinal ingredient, the sale of bulk CBD isolate and the marketing and sales of end consumer products. HealthMax pure CBD isolate is refined in a cGMP certified facility in Italy, which is the world’s largest supplier of Organically grown certified industrial hemp, and is fully standardized 99% CBD by mass with nominal trace of THC or other contaminants.”
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According to info from the company’s most recent press release, HealthMax Group (HealthMax) is at the forefront of the hemp market, offering Cannabidiol (CBD) in its near purest form and infusing consumer products with their proprietary nano-technology. HealthMax’s solution was designed to increase product efficacy significantly over just CBD alone. Offering advanced products that are lab tested to be 99% pure and consistently rated among consumers as their favorite, HealthMax looks to continue expanding into all areas of the industry. HealthMax is currently selling classic and nano-technology infused CBD products, has actively expanded its sales and distribution channels, and is positioned to take advantage of the incredible growth within the industry.
HealthMax Group President and COO David Posel stated, “I am very proud of the progress we’ve made in the hemp industry over this short time span, as well as our advancements in nano-technology delivery of our imported all-natural hemp. HALO CBD is medicinal grade CBD, which is clear and does not have the harsh hemp taste, black color, residual solvents or toxic fillers like many competing products. Some analysts are projecting a 2-billion-dollar market for the hemp industry, and I think we are poised to be a leading competitor in this market with the addition of our multi-spectrum and nano-technology infused formulations. With our new expansion into large-scale production and by engaging the larger food and beverage industry with multiple first-to-market products, HealthMax endeavors to disrupt the market and set the bar for higher quality standards across the board. What we do here is important for the health outcomes of people here in America and across the globe, and I am very proud of our team.”
Traders will note a bit more than 270% piled on for shareholders of the company during the trailing month, but this action is running counter to the larger trend in the name. However, WRAP is a stock who’s past is littered with sudden rips. In addition, the name has witnessed a pop in interest, as transaction volume levels have recently pushed nearly 410% above the average volume levels in play in this stock over the longer term. This should not be overlooked due to the relatively small float size in the stock (61.8M shares). One is wise to respect the dynamic this may create — a restricted trading float and a jump in trading volume can crimp supply and push share prices higher.
Now commanding a market cap of $11.7M, WRAP has virtually no cash on the books, which compares with virtually no total current liabilities. The company is pre-revenue at this point. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $WRAP stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!