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Tuesday, November 24, 2020

CBD Spotlight on HempAmericana Inc (OTCMKTS:HMPQ)

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HempAmericana Inc (OTCMKTS:HMPQ) broke out on Thursday following reports that the company was starting construction of its new CBD oil extraction facility in Maine. Shares saw a massive surge in volume and the situation smacks of possible investor awareness activity, though the story is also clearly interesting in its own right given the projected growth in play in the CBD oil space – as much as 700% according to a recent projection.

According to the company’s most recent release, “equipment is expected to arrive at the site at 360 Civic Center Drive in Augusta, Maine, within the next two weeks” for what the company claims to be “one of the most advanced high-capacity CBD oil extraction facilities in operation today.”

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.”

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As noted above, our sense is there may be forces at work here that stray beyond the mere fundamentals and technicals involved. So, caveat emptor. That said, if the alleged details of the story are correct, then we have seen one rocket ship after another in the CBD oil space of late. This is the bullseye within the bullseye on the dart board right now, given the wider appeal of the cannabis theme. Hence, we would be remiss if we did not acknowledge the potential for continuation where this stock is concerned.

According to the release, “The Company is working with A.E. Hodsdon Engineers, a best-in-class engineering firm with clients spanning the New England region and a 40-year history of success. As noted in prior releases, the Company is also working closely with James Black, an expert and innovator in CBD oil extraction machinery with over a decade of experience in the field. AE Hodsdon Engineers will be preparing the final, stamped drawings with details in the next couple of weeks. The team will be commencing work on the site imminently, beginning with the laboratory area first, which has been planned out as a noise-insulated, Duraclad-sheathed isolated chamber with 10-ft high ceilings. The principal extraction equipment at the facility will be the Company’s current 10-Liter machine as well as its new 200-Liter behemoth, designed to output more capacity than any extant Supercritical CO2 CBD extraction machine ever assembled by the manufacturer.”

Traders will note 49% added to share values of the company over the past month of action. Market participants may want to pay attention to this stock. HMPQ has a history of dramatic rallies. Moreover, the company has registered increased average transaction volume recently, with the past month seeing nearly 320% over the long run average.

Currently trading at a market capitalization of $17.6M, 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. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $HMPQ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

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

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