Hempacco Partners with Gumbo Brands to Launch a Private Label Line of Cannabinoid-Infused Gummies
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Insights
The partnership between Hempacco and Gumbo Brands represents a strategic move in the cannabis market, aimed at expanding consumer access through convenience stores. This is indicative of a broader trend where cannabis companies are seeking to diversify their distribution channels beyond dispensaries and direct-to-consumer models. This could potentially open up new revenue streams and increase market penetration for both companies.
By focusing on Delta-8 and Delta-9 THC gummies, the collaboration is tapping into the growing demand for edible cannabis products, which are popular for their ease of use and discretion. The introduction of a unique custom cooking pot mold for the gummies is an innovative touch that may appeal to consumers seeking novel experiences. However, it remains to be seen how this will translate into sales, as the market for cannabinoid-infused edibles is becoming increasingly competitive.
The regulatory landscape for Delta-8 and Delta-9 THC products is complex and varies by state. The collaboration's focus on these cannabinoids could face regulatory scrutiny, as some states have specific restrictions on the sale of Delta-8 THC. It is essential for investors to monitor the evolving legal environment, as any changes could significantly impact the distribution and sales potential of these products.
Furthermore, the partnership's commitment to community enrichment and well-being may resonate with consumers who are increasingly looking for brands with social impact. However, this aspect must be balanced with compliance to avoid any legal pitfalls that could arise from marketing health benefits without FDA approval.
The announcement of Hempacco's collaboration with Gumbo Brands could be seen as a positive indicator for investors, signaling potential growth and innovation in the company's product line. The move to convenience stores could significantly increase the visibility and accessibility of their products, potentially leading to higher sales volumes.
However, investors should consider the costs associated with research and development, manufacturing and marketing of the new product line. It will be important to assess whether the anticipated increase in sales will offset these expenses and how long it might take for the investment to pay off. Additionally, the performance of Hempacco's stock (NASDAQ: HPCO) following the announcement could provide insights into market sentiment regarding this strategic partnership.
Cannabis powerhouse Gumbo Brands is turning to Delta to get its product into convenience stores, partnering with Hempacco for R&D and manufacturing
San Diego, California--(Newsfile Corp. - March 26, 2024) - Hempacco Co, Inc. (NASDAQ: HPCO) ("Hempacco") joins forces with Gumbo Brands to launch an exclusive line of cannabinoid-infused gummies, marking a significant moment in the cannabis industry. This collaboration blends Hempacco's leading-edge hemp product manufacturing capabilities with Gumbo Brands' commitment to leveraging culture and creativity for community enrichment and well-being.
Traditionally a direct-to-consumer cannabis model, Gumbo Brands is expanding its market share to reach more nationwide consumers with retail-ready Delta-8 and Delta-9 gummies. The new product line, made with a custom cooking pot mold, features four flavors and a variety of cannabinoids:
- Lemon Cherry — Delta-9 Gummies
- Grape — CBN Sleep Gummies
- Call a Cab — Delta-8 Gummies
- Blue Magic — HHC, Delta-9, and THCP Gummies
These gummies are designed to offer a delightful taste experience and provide the unique benefits associated with these cannabinoids.
This collaboration between Hempacco and Gumbo Brands signifies a forward-thinking approach to cannabis product development, prioritizing quality, innovation, and the consumer experience. With a focus on the unique properties of Delta-8 and Delta-9 THC, these gummies offer a versatile and enjoyable way to experience the benefits of cannabinoids, reflecting the brands' commitments to excellence, creativity, and social impact.
HPCO Collaborates with Gumbo Brands
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Karim Butler, the CEO of Gumbo Brands, shared his enthusiasm about the partnership, stating, "Our collaboration with Hempacco symbolizes more than just the creation of exceptional products. It represents our shared vision of empowering communities and celebrating culture through the power of cannabis. These new gummies are a testament to our commitment to innovation, quality, and social responsibility."
Alexis Major-Allison, CFO of Gumbo Brands, remarked on the partnership, "By merging the cultural power and creativity of Gumbo Brands with Hempacco's innovation in hemp product manufacturing, we've created a line of gummies that not only taste great but also offer the distinct benefits of Delta-8 and Delta-9 cannabinoids. This product line is a testament to our dedication to community, well-being, and celebrating culture through cannabis."
Echoing this sentiment, Sandro Piancone, the CEO of Hempacco, added, "We are excited to work alongside Gumbo Brands, a company that not only shares our passion for innovation but also our dedication to creating positive change through cannabis. This partnership allows us to expand our product portfolio and reach more consumers with products that reflect the highest quality and creativity standards."
Gumbo Brands, co-founded by Karim Butler and Alexis Major-Allison, has quickly become a revolutionary force in the cannabis industry, earning endorsements from top musicians and public figures. With a focus on creating community-based wealth through culture and creativity, Gumbo Brands aims to offer effective alternatives rooted in social responsibility. This partnership with Hempacco is a step towards fulfilling that mission, providing consumers with high-quality, innovative products designed to enhance well-being. As both companies continue to push the boundaries of innovation and social impact, consumers can look forward to more groundbreaking products in the future.
About Gumbo Brands
Founded by entrepreneurial power couple Karim Butler and Alexis Major-Allison, Gumbo Brands is a pioneering cannabis and lifestyle company rooted in culture, creativity, and community. This Black-owned brand aims to generate community-based wealth through innovative cannabis products backed by endorsements from leading musicians and public figures. Learn more at www.thegumboshop.com.
About Hempacco
Hempacco Co., Inc.'s goal is Disrupting Tobacco's™ nearly
Hempacco's operating segments include:
- Manufacturing of smokables, hemp rolling paper, and cannabinoid sticks
- Smokable technology development
- The Real Stuff™ brand of functional smokables and rolling paper
- Cheech and Chong Hemp Cigarettes and Hemp Hop Smokables with Rick Ross
- Snoop Dogg Joint Venture of Hemp-Derived Products
Learn more at www.hempacco.com.
Learn more at www.ggiigroup.com.
Order products at www.realstuffsmokables.com.
For more information about the new product line and the partnership between Hempacco and Gumbo Brands, contact Sandro Piancone.
For investor inquiries, please contact:
Sandro Piancone, CEO
Investor Relations: ir@hempaccoinc.com
619-779-0715
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (i) potential failure to meet projected development and related targets; (ii) changes in applicable laws or regulations that may impact our products and business; (iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the "S.E.C.") by the Company. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release, and other statements made from time to time by us or our representatives might not occur.
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FAQ
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