HempAmericana Inc. (OTCMKTS: HMPQ) might as well have served groundbreaking catalysts set to trigger a rally from the current lows. Immediate reports indicate the company has commenced the processing of 4,100 Hemp Flower at one of its production facility. The management has since reiterated it expects CBD distillate output to exceed $1 million. In addition to the $1 million revenue opportunity, HempAmericana sentiments in the market have also received a significant boost in the market. Equity research firm SeeThruEquity has initiated coverage of the stock with a share price target of $0.03. HempAmericana has also refined its production line in the recent past with the installation of two crucial equipment. The installation paves the way for the company to commence production and bottling of refined high-potency CBD oil.
HempAmericana Price Analysis
Recent development appears to have triggered renewed investor interest in the stock if recent price action activity is anything to go by. The stock has since held steady above the $0.01 mark, after coming under immense short selling pressure. A high turnover in traded share in the market could point to a potential break out of the $0.01 mark, backed by strengthened underlying fundamentals. After underperforming for the better part of the year, HempAmericana needs to rise and stabilize above the $0.02 mark to turn bullish.
The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!
Above the $0.02 mark, the stock could make a run for the $0.03 mark as alluded by SeeThruEquity Research. Below the $0.01 mark, the stock remains susceptible to further declines given that short sellers remain in firm control in line with the long-term bear trend. However, the stock remains well positioned to surge as underlying fundamentals have improved a great deal in recent weeks.
Catalysts Fuelling Upward Momentum
Hemp Processing Milestone
HempAmericana has revitalized investor interest in the stock on announcing it has started processing 4,100 lbs. of in-house Hemp flower at its extraction and processing facility in Augusta Maine. In line with the processing spree, HempAmericana has confirmed it is in the process of installing two crucial equipment’s. Installation of the equipment will pave the way for the company to start bottling refined, high potency CBD oil as it seeks to enter the distribution and sale business. “We are now ready to put the final pieces into place in terms of our in-house production equipment. We are already up and running, and now we will have the capability to produce the highest-quality CBD product on the market,” said Salvador Rosillo, HempAmericana CEO.
$0.03 Price Target
The harvesting drive, as well as a move to produce high potency CBD oil, has not only caught the attention of investors but as well as equity research firm SeeThruEquity. The firm has since reaffirmed that the stock could be headed to the $0.03 mark, on the company reiterating growth prospects. The research firm has especially taken point of the fact that the company is in the process of completing a 17,000 square foot facility in Maine. The facility once complete will allow the company to produce and process high purity CBD oil. The fact that the company has already started investing in commercialization efforts also indicates HempAmericana readiness to transition into a revenue-generating entity. The CBD market is set to reach $2.1 billion in annual revenue by 2020 thus presenting unique opportunities for the company
While HempAmericana is still a speculative cannabis play, it has shown it has what it takes to capitalize on the burgeoning legal cannabis hemp market. The company projecting revenues of more than $1 million with the current harvest is a development that attests to robust growth. That said the stock looks set to power out of the current tight trading range on strengthening investor interest. The stock rallying and stabilizing above the $0.02 mark should reaffirm its credential as a long-term play.
Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!
Auxly Cannabis Group Inc (OTCMKTS:CBWTF) Acquires 46% Stake In Curative Cannabis And Agrees to Fund Cannabis Cultivation Facility To Produce Ultra Premium Cannabis
Auxly Cannabis Group Inc (OTCMKTS:CBWTF) has entered a deal to take over a 46% stake in Curative Cannabis. The company...
Canntrust Holdings Inc. (OTCMKTS:CNTTF) Receive Permission From The Town Of Pelham For Their Third Phase Construction
CannTrust Holdings Inc. (OTCMKTS:CNTTF) has announced that they have obtained the required permit to go on with the third phase...
Indiva Ltd (OTCMKTS:NDVAF) Announces 9.9% Equity Investment In Retailgo Inc.
Indiva Ltd (OTCMKTS:NDVAF) has announced that they are delighted to have finalized an Equity investment of 9.9% in RetailGo Inc....
Future Farm Technologies Inc (OTCMKTS:FFRMF) Plans To Begin Selling Of Cheery Wine Strain Hemp Seeds And Test Operation Of The Oil Extraction Equipment
Future Farm Technologies Inc (OTCMKTS:FFRMF) is planning to commence the selling of the elite cherry Wine hemp seeds by putting...
OrganiGram Holdings Inc (OTCMKTS:OGRMF) Sources Hemp With High Levels of CBD From 1812 Hemp
OrganiGram Holdings Inc (OTCMKTS:OGRMF) has entered into a supply pact with 1812 Hemp, an industrial hemp research company based in...
Kona Gold Solutions Inc (OTCMKTS:KGKG) Declares That They Have Acquired Gold Leaf Distribution
Kona Gold Solutions Inc (OTCMKTS:KGKG) has announced the acquisition of Gold Leaf distribution a newly established distribution company. The Florida...
CFN Media Group features Supreme Cannabis Company (OTCMKTS:SPRWF) as consideration for investors as their 2019 stock scales up
CFNB Media Group has announced a publication on Supreme Cannabis Company (OTCMKTS:SPRWF) as a licensed producer obsessed with quality. Supreme...
Village Farms International Inc (OTCMKTS:VFFIF) Leading Greenhouse Crop Protection And Announces Plans To List Its Common Shares On The NASDAQ Market
Village Farms International Inc (OTCMKTS:VFFIF) has announced that they have facilitated Health Canada Pest Management Agency to get approval for...
Sunniva Inc. (OTCMKTS:SNNVF) Secures More Funding For Growth Strategy As Plans Solidify Towards A Tremendous Year
Sunniva Inc. (OTCMKTS:SNNVF) is solidifying its growth strategy in anticipation for exponential growth this year. Notably, the firm acquired a...
Curis, Inc. (NASDAQ:CRIS) Announce The Dosing Of The First Mesothelioma Patient In The First Phase Of The CA-170 Study
Curis, Inc. (NASDAQ:CRIS) has announced the enrolment and dosing of the first mesothelioma patient in the first phase of the...