HempAmericana Inc (OTCMKTS:HMPQ) is a recently reawakened member of the cannabis patch. HMPQ has just resurfaced back above the penny level in August and is trying to hold that ground. To that end, management just hit the wires with a new move: HMPQ just announced that HempAmericana is greatly expanding its business plan by entering into the Hemp Auto Plastics industry as well as adding many Cannabis products as a part of their Joint Venture in Maine.
We’ve witnessed 81% during the past month in terms of shareholder gains in the name, a bounce that has taken root amid largely bearish action over the larger time frame. That said, HMPQ is a stock who’s past is littered with sudden rips. Moreover, HMPQ has benefitted from a jump in recent trading volume to the tune of just under 460% above its longer run average levels.
HempAmericana Inc (OTCMKTS:HMPQ) bills itself as a company that researches, develops and sells products made of industrial hemp. The Company also carries other non-hemp based products but intends to focus primarily on the potential for hemp.
At this time the HMPQ’s main product is its brand of 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. The company also intends to explore other possible business avenues relating to the legal use of the Cannabis plant.
According to company materials, “HempAmericana is currently in the rolling paper and CBD oil business using the brand name Weed Got Oil. Search Rolling Thunders hemp papers on YouTube for a product demonstration of the Company’s papers. The company owns an extraction machine and now plans to become a leader in the CBD oil market by establishing three laboratories for the extraction and research of the oils contained in the hemp plant. HempAmericana also researches, develops and sells products made of industrial hemp.”
Find out when $HMPQ stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
As noted above, HMPQ is moving into the hemp plastics space. Management noted that Henry Ford was the first to use hemp for the automobile, making a car almost completely of hemp. In fact, this isn’t actually true. Ford’s prototype car was nearly all plastic, but far less than 50% of those plastic parts were derived from hemp.
In any case, HMPQ tells a good narrative, which is honestly well more than 50% of the battle when it comes to OTC market action: “The successful addition of these cutting-edge products comes on the heels of an exciting new joint venture HempAmericana has negotiated with a successful partner in Maine. This partnership brings state of the art R&D technology to HempAmericana which will generate substantial revenue to the bottom line. The IP brought together in this Joint Venture will allow the development of replacement plastics for the automotive industry, as one example of many new products to come in addition to their successful CBD Oils business. This cutting edge technology is not new to the US market. In the 1940s Henry Ford announced the first car made from Hemp, which was later put on the shelf as being too cutting edge for its time. In recent years, the re-launch of the Hemp auto parts has proven to be a multi-million dollar success into the global renewables industry.”
Salvadore Rosillo, CEO stated, “We feel very excited to have such depth of IP with this Group, and while it has slightly extended the negotiation process, we feel we will be able to announce the successful completion of this Joint Venture with explicit details in the next few days.”
Now commanding a market cap of $6.23M, HMPQ has virtually no cash on the books, which stands against about $500K in total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $HMPQ stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: We hold no position in $HMPQ, either long or short, and we have not been compensated for this article.