Hemp and Alternative Tobacco Products Manufacturing
Strategic Profile
Through world-class partnerships including Hemp Hop (with Rick Ross), a 50/50 joint venture with Cheech and Chong, and relationships with HBI-Raw (the world's leading smoking papers company), Hempacco is positioned for success in disrupting the tobacco market. The company's core business segments include private label manufacturing and sales, intellectual property licensing, and development and sales of in-house brands.
Cyborg Score Rationale
The company received a Nasdaq delisting notice due to non-compliance with listing rules, including failure to hold an annual shareholder meeting and file annual and quarterly reports on time. 2023 revenue was only $4.05 million while losses reached $13.13 million.
Top Insights
Specializes in nicotine-free and tobacco-free alternatives using proprietary patented spraying technology for terpene infusion and flavored filter infusion.
Strategic partnerships with cannabis celebrities (Rick Ross, Cheech and Chong) and established industry players (HBI-Raw) provide distribution and credibility.
Company faced delisting risk in 2024 due to regulatory non-compliance but appealed the decision.
Minimal revenue generation ($4.05M in 2023) against substantial operating losses ($13.13M) indicates significant path-to-profitability challenges.
Named Competitors
Tobacco-Free Alternatives — Traditional tobacco companies expanding into alternative products
Rolling Papers & Hemp Products — World's leading smoking papers company; Hempacco distribution partner
Hemp Smokables — Emerging hemp and CBD cigarette manufacturers
Recent Developments
(August 2024) Received Nasdaq delisting notice for failure to file quarterly reports on time
(July 2024) Acquired assets from Simtech, MJAC Vending, and Bear Air to establish Celebrity Vending subsidiary
(2024) Partnered with Gumbo Brands to develop cannabinoid-infused gummies for convenience store distribution
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