The Long and Short On Hemp Inc (OTCMKTS: HEMP)
Hemp Inc (OTCMKTS: HEMP) stock price recently dropped below a penny as the entire sector has fallen on hard times. What separates HEMP is the massive volume the stock continues to trade. Even now with a stop sign designation from OtcMarkets which states that HEMP is either dark or defunct the stock continues to be among the most active in small caps regularly topping $250,000 in daily dollar volume.
Microcapdaily has been reporting on HEMP for years reporting on November 14, 2014: “HEMP” is making a highly explosive move up with the rest of the sector after hitting a recent low of $0.027. Investors still remember the spectacular run this one made earlier this year from well under a penny to highs of $0.34. Pot stocks are heating up with Marijuana on the ballot in Florida in November. The massive publicity that surrounds such an affect naturally trickles down to the bb’s. The last time HEMP got hot it ran close to 4000% in 5 weeks.
Hemp Inc (OTCMKTS: HEMP) bills itself as a “Global leader in the industrial hemp industry with bi-coastal processing centers, including the largest multipurpose industrial hemp processing facility in Spring Hope, NC, a state-of the art local processing center in Southern Oregon, a 500-acre hemp growing Veteran Village Kins Community in Golden Valley, Arizona, two model “Small Family Hemp Farms” in North Carolina and Arizona, and a pre-roll blending manufacturing facility in Las Vegas, NV.”
According HEMP its 70,000 square foot industrial hemp processing facility, on over 9 acres in Spring Hope, North Carolina, is the only one of this magnitude in North America.
Microcapdaily has always tried to stay positive on any Company we cover; we noted back in 2017 on HEMP: If pot stocks heat up again and it looks like they are doing just that, HEMP might be the perfect trade vehicle to cash in on this coming trend. Currently trading at a $77 million market valuation HEMP is one pot stock that deserves to be on investors radars here.
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Bruce Perlowin is the CEO of HEMP; he has a colorful history and was the subject of the #1 most watched CNBC documentary of all time, “Marijuana Inc”. In this interview Bruce shares the latest news from around the country and about Hemp Inc – a publicly traded company he founded to help create a better world. Mr Perlowin may not have a marketing degree but he has proved himself a master at it getting himself featured in stories and interviews over the years on main stream press including Barrons, The Associated Press, New York Times, Newsweek, Fox News, Wall Street Journal, PBS, Market Watch and NPR among others.
On October 24, 2018 in a press release titled “GrowLife, Inc. Announces CNBC Coverage of Company’s Expansion into Canadian Marketplace During Cannabis Legalization” it states towards the end of the article: In addition to the company’s placement in CNBC, GrowLife was also recently featured in the following news outlets: Microcap Daily: ‘Growlife Inc (OTCBB:PHOT) Soars After Mention on TV Special’ – So HEMP has mentioned us too!
HEMP continues to put out a lot of press: In January the Company reported it will be opening The King of Hemp Store™, its flagship, brick-and-mortar retail store at 330 East Beale Street in Kingman, Arizona. The 5,000 square foot retail space will be utilized for the store within a former Wells Fargo building in the entertainment district of Kingman or “Old Town Kingman”. The store will carry hemp and cannabidiol (CBD) topicals such as lotions, creams, shampoo, conditioner, luxury gifts and items such as gemstone encrusted hemp candles, high-quality hemp CBD pre-rolls, as well as industrial hemp products like hemp string and hemp denim jeans.
The King of Hemp Store is a flagship, brick-and-mortar retail store in Kingman, Arizona is expected to open in March. The store will carry hemp clothing topicals, shampoos, conditioners and CBD and CBG products like flower and more. pic.twitter.com/X0wn6XNAWK
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Currently trading at a $5.5 million market valuation HEMP has not released any financial documents since 2017 which has resulted in a stop sign designation from OtcMarkets which states that HEMP is either dark or defunct. The Company listed $6.6 million in current liabilities on its books in 2017 which has resulted in significant dilution over the years. But one has to be impressed with HEMP daily trading volume which averages between $100k and $250k per day. And one cannot discount Mr. Perlowin proven ability at getting himself and HEMP featured in stories and interviews on main stream press. As we said back in 2016 – if pot stocks heat up again HEMP is one to watch. We will be updating on HEMP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with HEMP.
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Disclosure: we hold no position in HEMP either long or short and we have not been compensated for this article.
Hemp Inc (OTCMKTS: HEMP) stock price recently dropped below a penny as the entire sector has fallen on hard times. What separates HEMP is the massive volume the
Hemp Inc (OTCMKTS:HEMP) Shares Favorable Findings Illustrating the Growing Demand for Hemp-Derived CBD
Over the years, Hemp Inc (OTCMKTS:HEMP) has continued to pledge its commitment to domestic products and partnerships. Being a global leader in industrial hemp industry, the company’s efforts are driven by increasing demand for hemp, especially the smokable hemp flower. This is very common in the wellness sector and also personal usage.
Bruce Perlowin, says that they have an obligation of satisfying the market with high-end and effective products. This includes a smokable alternative to cigarettes such as King of Hemp pre-roll. The good news is that the pre-rolls are compliant with the 2018 Farm Bill, federal regulations.
The Impending Health Benefits of CBD Will Positively Propel the Market Growth
Cannabidiol (CBD) is used to treat various medical ailments such as seizures, neurological and chronic pain conditions, nausea related to cancer chemotherapy, and vomiting. The post-implementation of the Agriculture Improvement Act of 2018 has intensified the demand for CBD products in Japan, France, Canada, the UK, and the US.
Meanwhile, Global Market Insights report outlines that the CBD market size has increased beyond $2.8 billion in 2019. Anticipations are high that between 2020 and 2026, the same market will grow at around 52.7% CAGR.
Hemp Inc. will be focusing on retail and wholesale business
The effects of COVID-19 pandemic on businesses are no longer news. Both small and large businesses have encountered huge losses to the point of closure. However, this was not the case with Hemp Inc., according to Perlowin.
Speaking on the Stock Day Podcast hosted by Everett Jolly, the CEO said, “We’re actually exploding in our business. We’re actually exploding in our business. COVID-19 doesn’t affect us because we sell it over the internet and ship directly to stores and individuals.”
Meanwhile social distancing measure in the marijuana industry are well in place since many companies are located in rural areas. This confirms the presence of a safe working environment.
The remainder of 2020 looks bright and hopeful for Hemp Inc. with high expectations of increased revenue from productivity.
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WeedMD Inc (OTCMKTS:WDDMF) Signs A Pact With Fire & Flower To Manufacture CBD Cannabis Products: Will Announce Q2 2020 Revenues On September 24, 2020
September 9, 2020
WeedMD Inc (OTCMKTS:WDDMF) will submit the financial statements for Q2 2020 on September 24, 2020, within the 45 days window offered by the regulator. The auditors of WeedMD requested additional time to prepare and submit the results because of the ongoing coronavirus pandemic.
Signs a commercial arrangement with Fire & Flower
WeedMD entered a commercial pact with Fire & Flower for the manufacture of CBD cannabis products. As per the terms of the pact, WeedMD will produce, package, and transport Revity CBD products of Fire & Flower to the Saskatchewan provinces. The new products will hit the shelves of the retailer on August 14, 2020.
WeedMD will produce Revity CBD products at its most sophisticated extraction center – CX Industries, using its biomass. CEO of WeedMD, Angelo Tsebelis, said the company is excited to bag the contract order from Fire & Flower to produce Revity CBD products. It is the first commercial arrangement in Canada, and the company looks forward to working on this prestigious contract with Fire & Flower in its endeavor to introduce new products and enter strategic markets.
Angelo said the company intends to maintain a healthy longterm relationship with Fire & Flower by producing high-quality products using trichome rich biomass at its CX extraction hub. CEO of Fire & Flower, Trevor Fencott, said the company is excited to introduce its wellness-focused products to the underserved CBD markets.
Angelo further said WeedMD has an excellent track record in the production of high-quality products and leading innovation. After the initial launch in Saskatchewan, the Revity brand will be expanded nationwide.
Exclusive license accord to manufacture wellness products
WeedMD inked an exclusive license accord to manufacture Mary’s Medicinals wellness products. Under the terms of the deal with MM Technology Holdings, LLC, which holds Mary’s Medicinals product line and Mary’s brand, WeedMD will work as an exclusive partner for the production of Mary’s Medicinals products using its biomass at CX extraction center.
WeedMD will engage in the sale and distribution of Mary’s Medicinals’ products in Canada for medical use and adult use. CEO of Mary’s Brands, Jacques Panis, said the company is excited to partner with WeedMD to expand its Medicinals brands into Canada.
WeedMD posted revenues of $12 million in Q1 2020. It is driven by customer acquisition initiatives, Color Cannabis Brand recognition, and significant sales of biomass cultivated outdoors.
Hemp Inc (OTCMKTS:HEMP) Shares Favorable Findings Illustrating the Growing Demand for Hemp-Derived CBD Over the years, Hemp Inc (OTCMKTS:HEMP) has continued to pledge its commitment to domestic