Hempacco, a hemp-producing company that recently raised $6 million with its August initial public offering (IPO), is taking swift action to accelerate commercial growth. It’s not enough for them to dominate convenience store trade shows, partner with popular culture executives and artists, and expand product offerings. Now it has been revealed that the San Diego-based cannabis brand will have a cryptocurrency in the near future.
Prior to the ICO, or IDO, however, Hempacco has secured public funding through Nasdaq and the S&P 500. It is one of only 2 companies from the city of San Diego, California to successfully launch a public offering on the S&P 500 stock exchange in 2022.
This IPO raised Hempacco $6 million.
A great blog site in terms of investment potential Alpha wanted ranks the company as one that will grow feverishly and offer great benefits to investors. One of the obvious components of the prediction is that Hempacco smoking articles have become a major face of non-tobacco cigarettes. And this at a time when Americans have officially chosen marijuana, CBD and hemp over tobacco.
Hempacco, which bills itself as a “tobacco industry disruptor,” has become the leader in the hemp-cigarette surge and has captured the attention of Wall Street.
ringing of the market bell
Today at 4:00 p.m. Eastern Standard Time, Hempacco will be broadcast nationally and syndicated worldwide by the Nasdaq MarketSite in Times Square, New York City. The company’s team of representatives will attend the prestigious Nasdaq bell ringing ceremony and represent Hempacco to trillions of dollars of investors.
The bell ringing ceremony is a moment to solidify the brand and is just another milestone in the company’s business plans.
What is the meaning of the bell? First, the brand will be known to all viewers. Second, it helps solidify the brand as a legitimate entity in the store. Third, it will definitely increase investor interest and generate new stock buyers.
And when it comes to investing, there’s more going on than the stock market.
Cryptocurrency launch and ICO/IDO launch
According to that Crypto coin ops, there may also be an IDO or ICO launch for a Hempacco cryptocurrency in the future. A senior executive at the company spoke to the Layman’s Read crypto news site to reveal these plans, but offered few details.
The unnamed figure essentially confirmed that Hempacco will soon be accepting major cryptocurrencies in its stores. These likely include Bitcoin, Ethereum, SHIB, DOGE, and Solana.
CCO also hopes to spark a connection between Hempacco, VeChain and SafeHaven. This would increase usage of the highly secure and fully decentralized exchange SafeSwap.
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