HempAmericana Inc (OTCMKTS:HMPQ) Launches on Initial Production

HempAmericana Inc (OTCMKTS:HMPQ) Launches on Initial Production

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One of the most consistent winning themes so far in 2018 on the OTC has been anything and everything related to CBD products. HempAmericana Inc (OTCMKTS:HMPQ) is a company that has been warming up toward initial CBD production after putting seemingly all the pieces into place over the past 6 months. Shares boomed this week on news that the company just announced the commencement of initial CBD Oil production at its principal state-of-the-art extraction and production facility in Augusta, Maine.

According to the release, “As an initial step toward the launch of full-scale production, the Company is set to initiate processing of its in-house inventory stock, which consists of 4,000 lbs of premium-grade hemp flower. The company has been working with the original manufacturer of its Vitalis RL-245 high-capacity supercritical CO2 CBD Oil extraction machine. This production run will constitute the “maiden voyage” for this leading-edge technology and for the highly advanced high-capacity facility as a whole.”

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, shares of HMPQ went bonkers on Thursday following the company’s surprise announcement revealing the commencement of initial CBD Oil production at its principal state-of-the-art extraction and production facility in Augusta, Maine

Shares of the stock blasted off. In all, recent action has seen 46% tacked on to share pricing for the stock in the past week, but this action is running counter to the larger trend in the name. What’s more, the name has witnessed a pop in interest, as transaction volume levels have recently pushed 77% beyond what we have been seeing over the larger time frame.

HempAmericana CEO, Salvador Rosillo stated, “This is a huge day in the history of HempAmericana! We couldn’t be more excited. The initial production run, coming ahead of schedule at this stage, speaks volumes about our dedicated team in Maine. Our guys have worked their tails off. Full stop.” Mr. Rosillo continued, “This initial run is a necessary part of the process. High volume production is the next step.”

At this time, carrying a capital value in the market of $28.65M, HMPQ has about $201k in cash on the books, which stands against about $3.3M in total current liabilities. The company is pre-revenue at this point. As more color becomes clear on the name, we will review the situation and update our take. 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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