Hemp Naturals Inc (OTCMKTS: HPMM) is up more than 60% today on no real news. The hemp product pure play seems to have an imminent announcement as the stock is rallying on no real catalysts besides the traction in the CBD market and its success this year.
According to research, the global industrial hemp market size is expected to reach USD 10.6 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 14.0% during the forecast period. Rising demand for oil in food and beverages owing to growing awareness regarding dietary advantages of hempseed and oil is expected to propel demand.
Hemp Naturals Inc (OTCMKTS: HPMM) focuses on researching, developing, acquiring, and selling products made of industrial hemp. The company offers rolling papers through 25 retail outlets, which include gas stations, convenience stores, tobacco shops, and liquor stores. It intends to offer consumer goods that are made of industrial hemp and/or the non-psychoactive ingredients of the cannabis plant, such as nutritional hemp health supplements, hemp shakes and/or foods, and beauty supply products, as well as hemp clothing. Hemp Naturals, Inc. was founded in 2015 and is based in Sunny Isles Beach, Florida.
In addition, HPMM’s rolling papers are half the thickness of competing rolling paper brands, with a fraction of the amount of ash. It is the cleanest burning rolling paper of all the competing paper or hemp brands. The 100% hemp paper is made without any additives to make it stiff nor to keep it burning.
According to press, HPMM plans to make a wide variety of products out of hemp-based and non-hemp based materials along with supplementary goods. This includes, but is not limited to, our Hemp Naturals Rolling Paper, and Five flavors of Ice Tea, which will be going into production as early as next month.
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HPMM employs a hybrid distribution model that leverages distribution contacts and brokers, as well as direct relationships with wholesalers and retailers to expand strategically into new markets. Hemp Naturals Inc products are currently distributed to a variety of retail locations, from Gas stations to convenience to warehouse stores, across the United States.
Twilight Bars will be infused with natural nighttime dietary supplements to help with a better sleep, as well as satisfying any nighttime cravings.
Hemp Naturals Inc (OTCMKTS: HPMM) is a company to watch in the short-term. HPMM has a market cap of 829.6M with a float of 62.13M.The stock has the potential to continue to rally especially if news does hit the wire. Sign-up for continuing coverage on shares of $HPMM 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 $MJNA, either long or short, and we have not been compensated for this articl