New Hemp Stock Showing Signs of Possible Breakout

 

Good Morning Traders!

 

New Trade Alert:  HempAmericana Inc. (OTCMKTS: HMPQ)

Today’s newest alert is a stock that has just started to generate some real buzz on the OTC after flying under the radar. The company is a potential leadership play in the rapidly growing hemp-based products space.

Expansion is underway here in a bit way right now, and this stock is acting like something big is going on under the surface. You don’t want to miss this one!

 

Symbol:  HMPQ
Company:  HempAmericana Inc.
Quote:  http://finance.yahoo.com/q?s=HMPQ
Latest News:  http://finance.yahoo.com/q/h?s=HMPQ+Headlines
Company Website:  http://www.hempamericana.net

 

HempAmericana Inc. (OTCMKTS: HMPQ) is a developmental stage company that plans to research, develop and sell products made of industrial hemp. 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. Currently, the Company is in its research and development stages.

The Company was incorporated under the laws of the State of Delaware on February 10, 2014 and is headquartered in Tribeca, New York City, New York.

The Company is currently in the beginning stages of retail and wholesale sales of two products, but does not have any material sales to date. Its first product is called Rolling Thunders smoking papers. These rolling papers produce no ash residue compared to regular tree-based smoking papers.

Its second product is its brand of CBD oil that it sells under the trademarked brand Weed Got Oil. It now owns a CO2 supercritical extraction machine that it plans to either lease or operate in the near future.

The real story here – and why this stock suddenly looks like it’s carving out a giant bullish bottoming pattern when you look at the chart – is about expanded product lines.

It’s no secret: the market for hemp-based products has taken off since the landmark vote last November, when 8 out of 9 states voted to increase the legality of pot in their respective jurisdictions.

We now see major markets developing for Hemp-based products, including papers, oils, and supplements.

HMPQ has been quietly positioning itself to take advantage of this next leg of the craze. And now it’s time to see this one blossom.

In fact, in a recent press release, the company announced that, in addition to its market dominating Rolling Thunder hemp-based rolling papers, oils, and “Hemp Hearts” supplements, HempAmericana is focused on efforts to explore additional innovative hemp products in the market.

HempAmericana is actively negotiating joint ventures and licensing agreements for its unique extraction machine. Domestic CBD producers have expressed interest in developing exclusive relationships with HempAmericana to take advantage of its exceptional CO2 extraction technology. “We hope to solidify a long term partnership with a reputable producer in the extraction space,” said Mr. Rosillo, HMPQ CEO. “This has been a prime focus of management over the past quarter, capitalizing on this lucrative opportunity will provide a strong boost to our top line numbers this year.”

The Company also recently announced that its new CO2 extraction machine is fully paid-for and ready to be monetized. Shares were previously issued to settle the outstanding liability for the purchase of the industrial CBD oil extractor. Management is in discussion with global players in the industrial hemp space and anticipates generating revenue and delivering value to shareholders by the end of fiscal year 2017.

The chart is starting to confirm this view right now, with stock sturdily holding half-cent support on several recent occasions. Each time, we saw a move back to test the $0.01 level at some point, or more. That would represent something a 100% gain from current levels.

So this is definitely a stock to have on the radar tomorrow morning off the opening bell!

About HMPQ 

HMPQ (HempAmericana Inc.) is 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 Company’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.

 

What You Need To Know:

  • HMPQ is expanding as the hemp-based products craze grips the market.
  • HMPQ has a number of significant technical factors all lining up to signal a potential bottoming pattern in play on the charts right now.
  • HMPQ is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
  • HMPQ just recorded a MACD Bullish reversal, suggesting a technical change in trend.
  • HMPQ has a fully paid-for industrial CBD oil extractor. This can be leased, used, or sold, and represents potentially significant monetary value.

For all of these reasons, we are now pounding the table on HMPQ. Good luck and Enjoy the Ride!

 

Simply send the message VALUE to the number 33222. If you choose to stop, simply reply STOP.

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Regards,

Your Editor
​Investor Wired

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