Featured Hemp Stock: Hemp, Inc.
Hemp, Inc. (OTC: HEMP) is the global leader for industrial hemp with bi-coastal processing centers and a vast industrial hemp processing facility. But why is Hemp, Inc. our featured hemp stock? Yes, this is a penny hemp stock company, and trading in penny hemp stocks comes with an elevated degree of risk. However, the company started the second quarter of 2020 with revenues topping out at over $1,000,000. The rapid increase in sales is attributed to the company’s premium hemp products, such as the Pre-98 OG Bubba Kush, which added over $980,000 to the company’s revenue for this year.
As the global leader in the industrial hemp industry and we think it’s one of the best hemp stocks to watch in 2020. They’ve got massive, state-of-the-art processing facilities in North Carolina and Oregon, as well as operations in Arizona and Nevada. Their facility in Spring Hope, North Carolina tops out at 85,000 square feet and is primarily used for both cannabinoid and industrial hemp processing. They’ve also got a couple of small family hemp farms local to the Spring Hope location.
In Golden Valley, Arizona, Hemp, Inc. has approximately 500 acres of hemp farms and a sizable retail store in the town of Kingman. Hemp Inc. also has 55,000 SF of cannabinoid processing in White City Oregon.
Hemp, Inc. was even featured in a recent Benzinga’s article, “4 Highly Speculative Micro-Cap Stocks To Have On Your Radar.” Bruce Perlowin, CEO of Hemp, Inc. told Benzinga: “Every industry is navigating through unprecedented times due to the COVID-19 pandemic and unprecedented change presents challenges and disruption for everyone. The hemp industry is not exempt. Just as the article states, the stock market has taken investors on a roller coaster ride this year. There is a lot of economic uncertainty. But, and I say ‘but’ with emphasis, hemp is a very biodiverse crop and resilient by nature so there is still a high demand for it. I believe it will be in high demand for years to come,”
Can this penny hemp stock company be a trading opportunity for hemp stock investors amidst COVID-19?
While almost all businesses struggle to survive during these uncertain times, the hemp industry is just as susceptible to the disruptions and challenges brought forth by the pandemic.
In a recent interview during the Stock Day Podcast, Perlowin discussed that the pandemic does not affect the company’s sales as they sell their premium hemp products over the internet and ship them directly to stores and customers. While restating the company’s leading position in the hemp industry, Perlowin shared that Hemp, Inc. has made great strides this year, and 2020 is expected to be the company’s biggest year of revenues to date.
While the recent Benzinga Article has listed Hemp, Inc. at the top of its list of 4 highly speculative micro-cap stocks to have on one’s radar, the company has been able to create an extensive amount of press coverage over the past several years. This includes press releases and media hits from numerous media outlets: like Forbes, Tri-State Neighbor, Mohave Daily News, Arizona Cannabis News, The Wilson Times, and various others.
For the past decade, Hemp, Inc. has been one of the most significant pioneers in the US Hemp Industry. The Company has developed vital hemp processing infrastructure throughout various regions in key US states. Yes, Hemp Inc. is a highly speculative stock but our analysts agree with Benzinga that it’s certainly the best microcap hemp stock to watch this year.
Featured Hemp Stock: Hemp, Inc.
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