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Hempacco Priced, Nasdaq: HPCO

Manufactures nicotine-free cigarettes made from hemp.

Industry: Consumer Discretionary

Latest Trade: $0.02 0.00 (0.0%)

First Day Return: +29.7%

Return from IPO: -100.0%

Industry: Consumer Discretionary

We are focused on Disrupting Tobacco™ by manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. We utilize a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. We have conducted research and development in the smokables space and are engaged in the manufacturing and sale of smokable hemp and herb products, including The Real Stuff™ Hemp Smokables. Our operational segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays. Our inhouse brands are currently sold in over 200 retail locations located in the San Diego, California, area, our private label customers include well-known and established companies in the cannabis and tobacco-alternatives industries, and we currently own approximately 600 kiosk vending machines which we plan to refurbish and use to distribute our products in a wider fashion under our HempBox Vending brand. Our hemp cigarette production facility, located in San Diego, California, has the capacity to produce up to 30 million cigarettes monthly. From our facility, we can ship small-to-large quantities of product—from single displays of product to targeted retail locations to truckloads of product to private label customers—with in-house processing, packing, and shipping capabilities. We have launched the production and sale of our own in-house brand of hemp-based cigarettes, The Real Stuff Smokables, in three presentations: the twenty pack, the ten pack, and the Solito™ single pack, all of which are sold in our patented counter displays in convenience stores through master distributors.
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IPO Data
IPO File Date 03/24/2022
Offer Price $6.00
Price Range $6.00 - $6.00
Offer Shares (mm) 1.0
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/29/2022
Offer Price $6.00
Price Range $6.00 - $6.00
Offer Shares (mm) 1.0
Deal Size ($mm) $6
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Boustead Securities
Company Data
Headquarters San Diego, CA, United States
Founded 2019
Employees at IPO 15
Website hempaccoinc.com

Hempacco (HPCO) Performance