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Hempacco Co., Inc. (NASDAQ: HPCO) specializes in the manufacturing and distribution of nicotine-free and tobacco-free alternatives to traditional cigarettes. Utilizing proprietary, patented spraying technology for terpene infusion and flavored filter infusion technology, Hempacco produces hemp and herb-based smokable products that serve as healthier alternatives to traditional tobacco products. The company's core business segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of in-house brands.
Hempacco has made significant strides in recent years, highlighted by their innovative agreement with CBDAY Global to distribute Hempacco's line of hemp and CBD products in India and Thailand. This strategic partnership aims to introduce premium products, including celebrity-branded hemp rolling papers and wraps, to a new market, leveraging CBDAY's extensive distribution channels.
Hempacco's latest ventures include collaborations with high-profile celebrities such as Cheech & Chong and Rick Ross to launch unique hemp-based smoking products. These joint ventures have resulted in popular brands like The Real Stuff™, Cheech & Chong Hemp Cigarettes, and Rick Ross' Hemp Hop Smokables, further solidifying their market presence.
In addition to their successful product launches, Hempacco recently announced a 1-for-10 reverse stock split to meet Nasdaq's listing requirements and improve stock price stability. The company also unveiled a new product line at the Tobacco Plus Expo in Las Vegas, introducing Dogg lbs paper products and other innovations.
Hempacco's mission of 'Disrupting Tobacco™' is further exemplified by their strategic acquisition of Covalent CBD's assets, enhancing their manufacturing capabilities in the nutraceutical sector. This acquisition aims to expand Hempacco's product offerings and market reach, particularly in the rapidly growing segments of hemp and mushroom nutritional supplements.
Hempacco remains committed to innovation and growth, with future plans including a potential business combination with Illumination Brands to create a powerhouse in the beverage and snack sector. This strategic move is anticipated to bring approximately $35 million in revenues in the first year, leveraging combined strengths in brand incubation and distribution.
Overall, Hempacco Co., Inc. stands out as a trailblazer in the hemp industry, continuously evolving and expanding its portfolio to offer healthier alternatives and innovative products that cater to a diverse consumer base.
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