HempAmericana
Cannabis

HempAmericana Inc (OTCMKTS:HMPQ) Headed To The Moon On $1 Million Plus Revenue Promise

HempAmericana Inc (OTCMKTS:HMPQ) is headed to the moon on strengthening underlying fundamentals. The stock is already up by more than 100% on investors reacting to a string of positive developments that affirm growth prospects.

Upward Momentum Catalysts

For starters, the company is fresh from installing a new high precision machine at its core processing CBD extraction facility in Maine. In addition, the company has already commenced the processing of Hemp flower at the CBD processing plant.

The announcement of $1 million in revenue estimate for the first hemp harvest is another development that continues to renew investor interest in the stock.  Buoyed by the string of positive development equity research firm, SeeThruEquity, has already initiated coverage of the stock with a share price target of $0.03.

Investors taking note of recent developments have all but helped avert a further drop in the stock. The stock had come under immense short selling pressure on rallying to highs of $0.03 a share at the start of the year. However, the stock has since held steady at the $0.01 level from where the upward momentum is slowly gaining momentum.

HempAmericana Price Analysis

After the recent spike higher, the stock faces immediate resistance at the $0.02 level. A breach of the critical resistance level could mark the end of the bearish run that had threatened to plunge the stock to all-time lows.

HMPQ Daily Chart

A rally past the $0.02 mark should open the door for the stock to make a run for the $0.03 mark, which happens to be a critical resistance level.

Initial indication is that the stock will continue to climb higher heading into the New Year.

What Does HempAmericana Do?

HempAmericana casts itself as a leader in the industrial hemp business. The company researches develops and sells products made from hemp. It also provides hemp bags as well as hemp seeds for consumption and hemp clothing. The company owns and operates a high capacity state-of-the-art CBD processing facility.

CBD Production Capacity

A spike in trading activity that has led to a surge in share price, comes on HempAmericana moving to strengthen its hemp production and processing capacity. The company is fresh from installing a new high precision Solvent Recovery Machine.

The installation paves the way for the company to move into full-scale production of 99% pure CBD at high capacity. With the new equipment, the company will be able to process multiple batches thereby maximizing the quality and total output of CBD.

“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,” said CEO, Salvador Rosillo.

The installation comes just weeks after HempAmericana commenced the processing of flower at its CBD processing facility in Augusta Maine. The installation of the new equipment paves the way for HempAmericana converts stored high-quality biomass from the flower harvest into a fully refined CBD distillate. The final product would go towards the manufacturing of CBD products such as oil tinctures capsules and vapes.

HempAmericana is on course to generate revenues of more than $1million from the CBD distillate according to intimal estimates. The company has already processed 4,000lbs of Hemp flower biomass from 3,831 harvested plants.

$0.03 Share Price Target

Buoyed by be string of positive development, an equity research firm has initiated coverage of the stock with a buy rating and a share price target of $0.03. The firm remains optimistic about the company’s 17,000 square foot a production facility in Augusta, which it expects to help the company capitalize on the burgeoning legal cannabis and hemp market.

Bottom Line

HempAmericana remains on track to strengthen its revenue generation capability with the installation of the new equipment. The company has already invested in commercialization efforts with the launch of a new website as it looks to generate significant revenues upon processing hemp at its production facility.

A transition into a revenue-generating entity is a development that strengthens, HempAmericana sentiments in the market. Equity research firm SeeThruEquity initiating coverage with a $0.03 share price target also attests to strengthening long-term prospects.

Recent price action activity points to further spike in share price on strengthening investor confidence given the high turnover in traded share. HempAmericana rallying and stabilizing above the $0.02 mark would make it an interesting pick as a long-term investment.

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

Disclosure: We have no position in HMPQ and have not been compensated for this article; however, we have been compensated in the past for emails sent out on behalf of a third party regarding HMPQ.

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HempAmericana Inc (OTCMKTS:HMPQ) Headed To The Moon On $1 Million Plus Revenue Promise
3 Comments

3 Comments

  1. Anthony BeAney

    December 11, 2018 at 6:44 pm

    Please send me information in buying stock

  2. Doug

    December 17, 2018 at 3:30 pm

    There website leaves one with no confidence though….If I were looking for investors, etc. I would first make sure I have a functioning website. There is virtually no info on anything there. OHHH….they do say they make rolling papers. Good Luck!

    • Larry

      December 29, 2018 at 11:43 am

      They are in process of re-working the site I heard actually, give it some time as they ramp up

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