Hemp Inc (OTCMKTS:HEMP) Looking To Capitalize On President Donald Trump's Agenda
Cannabis

Hemp Inc (OTCMKTS:HEMP) Looking To Capitalize On President Donald Trump’s Agenda

A lot has transpired in and around Hemp Inc (OTCMKTS:HEMP) since we last discussed the stock here. In that last review, we saw how HEMP was moving to capitalize on the non-consumer hemp market.

In today’s piece, we bring more to light about HEMP so you could see where the stock could move from here – and possibly jump on the profit train in good time.

But first, take a look at HEMP’s share price action.

HEMP Daily Chart

Business

For the sake of readers not already familiar with HEMP, here’s a brief background on the company. HEMP was incorporated in 2008 and is headquartered in Las Vegas, Nevada – USA.

The company operates in the hemp industry, serving both the consumer and industrial markets. Through its Industrial Hemp Manufacturing, LLC subsidiary, HEMP produces LCM (lost circulation material) and spill absorbents aimed at oil and gas industries. The subsidiary also produces non-toxic, biodegradable fluid additive used in oilfield drilling.

Riding Trump’s economic agenda

During the 2016 presidential campaigns, one of Donald Trump’s signature campaign messages was creating more American jobs. He promised policy reforms – including corporate tax cuts – to make America more economically prosperous. Now in the White House as the chief executive of the most powerful nation in a free world, Trump has started acting on his campaign pledges.

Through an Executive Order issued in April this year (you can read it here), the president established an interagency Task Force to promote agriculture and rural prosperity in the US. The order said that the Department of Agriculture shall provide funding and administrative support for the Task Force.

As part of its mandate, the Task Force shall suggest legislative, regulatory and policy changes for the purposes of promoting rural America agriculture, economic development and “job growth”, among others.

On August 31, HEMP responded by saying that it considered itself as a solution to the President’s Executive Order on promoting rural America agriculture and prosperity. The company issued this response just a few weeks after announcing that its gigantic multipurpose industrial hemp processing facility in Spring Hope, North Carolina, was now operational. The company spent more than three years and millions of dollars to bring the facility to life.

According to HEMP, its infrastructure is 100% aligned with what the President ordered done to achieve more economic prosperity in the US.

Besides the strength of its infrastructure, including the industrial hemp processing facility it claims to be one of its kind in the Western Hemisphere, HEMP also boast a profile in expanding educational opportunities. Through its Hemp University educational symposiums as well as model small family farm, the company shares knowledge on how to succeed in hemp industry. Trump’s Executive Order talked about need to expand agricultural education opportunities.

To sum up on this one, the White House Executive Order carries a potential for unlocking a massive revenue opportunity for HEMP – both in product sale and consultancy.

HEMP signs distribution and consultancy deal

HEMP announced on September 21 that it has entered into a retail partnership with One Step Vending Corp (OTCMKTS:KOSK), a company that says it is focused on market-changing and disruptive businesses. KOSK has an emphasis on the self-serve vending market.

Under the partnership, HEMP will create unique hemp oil-based retail products for sale through KOSK’s micro markets, or kiosks, around the country. As part of the agreement, HEMP will also provide consulting services to KOSK.

Bruce Perlowin, the CEO of HEMP, stated the following about the deal with KOSK:

“Ultimately, this partnership will lead to increased consumer access of hemp oil-based products via self-serve kiosks in corporate offices around the country. This is a very unique distribution channel that will contribute to the exploding CBD market which is expected to hit $2.1 billion in consumer sales by 2020.”

Source

At the end of the June quarter, HEMP had cash on balance sheet. Its assets increased during the quarter, while its liabilities shrank. As such, it has room and capability to continue investing in growth.

Conclusion

For quite a while, HEMP’s stock suffered over the issue of the company’s questionable accounting activities, but the situation has improved considerable and a stream of positive news is making the situation much better. As the market becomes aware of the steps HEMP is making to move forward as well as its prospects in hemp and regulated cannabis industries, the stock should move higher.

We will be updating our subscribers as soon as we know more. For the latest updates on HEMP, sign up below!

Disclosure: We have no position in HEMP and have not been compensated for this article.

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Hemp Inc (OTCMKTS:HEMP) Looking To Capitalize On President Donald Trump’s Agenda
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