The latest explosion higher on the OTC is HempAmericana Inc (OTCMKTS:HMPQ). The stock is up over 100% in the past couple of days. We assume this is in part due to excitement about the coming passage of the new Farm Bill. But the company has also been laying a foundation as an emerging player in the CBD products marketplace. As a case in point, the company just announced the installation of a new high-precision Solvent Recovery Machine into the core processing and extraction equipment line at its state-of-the-art CBD production facility in Augusta, Maine.
HempAmericana CEO, Salvador Rosillo, stated, “We are moving toward our goal of full-scale production of 99% pure CBD at high-capacity. We believe we have the capability of assuming a leadership role in this $2.1 billion industry over the next several quarters, and this new equipment represents one of the final pieces of the puzzle in achieving that goal.”
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 an emerging leader in the CBD products market. The Company owns and operates a high-capacity, state-of-the-art CBD extraction and processing facility located in Augusta, Maine. This facility is armed with a supersized supercritical CO2 extraction system, centrifugal partition chromatography refinement technology, and a mechanized fully-automated CBD bottling system. HempAmericana also owns and operates Union Farm, a high-potency CBD strain development facility located in Union, Maine. The Company’s CBD oil business uses the brand designation, “Weed Got Oil”. HempAmericana also researches, develops, and sells products made of industrial hemp, including a popular brand of hemp rolling papers marketed under the brand name, “Rolling Thunders”. See more at www.hempamericana.com”.
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As noted above, HMPQ just announced the installation of a new high-precision Solvent Recovery Machine into the core processing and extraction equipment line at its state-of-the-art CBD production facility in Augusta, Maine.
According to the release, “With its new equipment engaged, the HempAmericana processing facility will have the means to cool biomass material and ethanol to a sub-zero level, slowing the solvency of ethanol and eliminating its ability to bind with water-based components, enabling the Company to process multiple batches each day, maximizing quality of concentrate and total output of CBD.”
In all, the chart shows just shy of 110% during the past month in terms of shareholder gains in the name. Furthermore, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed just under 300% above the average volume levels in play in this stock over the longer term.
“This is another extremely important step in the process of the Extraction cycle,” continued Mr. Rosillo. “This machine will meticulously separate out oils from within the biomass and set up the final process of distillation.”
Currently trading at a market capitalization of $48.65M, HMPQ has about $202k in cash on the books, which must be weighed relative to about $3.3M in total current liabilities. The company is pre-revenue at this point. This is an exciting story, and we look forward to a follow-up chapter as events 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.