HempAmericana Inc (OTCMKTS:HMPQ) Declares CBD Biz “Open for Business”

HempAmericana Inc (OTCMKTS:HMPQ) Declares CBD Biz “Open for Business”

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HempAmericana Inc (OTCMKTS:HMPQ) shares have been breaking higher in recent action, powering above the 50 day simple moving average following the stock’s successful test of key support at the one penny level earlier this month. The narrative here is all about the company’s attempt to pivot into the CBD oil space, and the gradual process of bringing online its new extraction and processing facility in Augusta, Maine.

On that note, the company just announced that the new Vitalis R-200 high-capacity supercritical CO2 CBD Oil Extraction machine has been installed and brought online by the Vitalis team, and is now fully operational. According to the release, “with this step, following a year-long pivot process, full-scale operations are now getting underway at the Company’s principal state-of-the-art extraction and processing facility in Augusta, Maine.”

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, the stock has been ripping higher in recent action, fueled by a narrative of its potential coming emergence as a key player in the CBD oil space. There is certainly plenty of showmanship going on here, but according to its recent releases, the company is on track to begin production sometime this year and has recently installed state-of-the-art equipment to that end.

HempAmericana CEO, Salvador Rosillo, commented, “On behalf of the entire dedicated team here at HempAmericana, I wish to thank our tremendously committed shareholder base for staying the course as this complex process has unfolded. It’s been quite an adventure, but the payoff is finally on the way.”

The chart shows 56% added to share values of the company over the past month of action. What’s more, the company has registered increased average transaction volume recently, with the past month seeing 72% over the long run average.

Mr. Rosillo continued, “This is the moment we have been so eagerly awaiting for the past year. The Vitalis commissioning team was beyond exceptional in terms of performance and professionalism. With this machine now installed and operational, we are finally open for business here in Augusta!”

For those familiar with the cannabis patch, the CBD oil space is a whole different ballgame. The legal issues that plague many cannabis producers in terms of state-by-state potential distribution footprint do not apply here. However, there are some hurdles where marketing is concerned. That said, at this point, top-quality CBD oil is currently fetching reasonable margins. That makes it an attractive pivot destination for business models, as has been the case for HMPQ.

Earning a current market cap value of $36.2M, 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 further details emerge. 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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