HempAmericana Archives - Green Market Report

Debra BorchardtApril 5, 2018


Here are today’s cannabis industry financial news briefs for April 5, 2018.

On The Website:

High Times Holding Corp.

Long-time cannabis lifestyle publisher High Times announced the acquisition of Green Rush Daily. Terms of the deal were not released, but it was previously noted that it was an all-stock transaction. High Times said that Green Rush Daily would continue to operate independently, but would be considered part of the High Times stable of brands like the Cannabis Cup.

According to the High Times Preliminary Prospectus, on August 31, 2017, THC entered into an online sales representative agreement with Green Rush Daily Inc. “Under the terms of the agreement Green Rush appointed Trans-High as Green Rush’s exclusive sales representative with respect to: (a) all advertisements to be sold or otherwise offered to third-party advertisers on the Green Rush websites, and (b) all advertisements for display to retail and wholesale channels on the websites. All fees received from advertisers on the Green Rush website are to be split 70% to THC and 30% to Green Rush. In a related development, THC entered into a three-year employment agreement with Scott McGovern, the owner of Green Rush, under which Mr. McGovern became Senior Vice President of Publishing of the THC Group.

Canopy Growth Corporation

Canopy Growth Corporation (TWMJF) and Canopy Rivers Corporation announced today that they have executed a strategic agreement with LiveWell Foods Canada Inc., a vertically integrated cannabis company. Under the agreement, Canopy Growth and Canopy Rivers will assist in the development and commercialization of LiveWell’s two cannabis cultivation facilities, located in Ottawa, Ontario, and Litchfield, Quebec.

In Other News:

Airware Labs Corporation 

Airware Labs Corporation (AIRW) announced that the company voted to officially change its name to Item 9 Labs Corp., reflecting the company’s new business direction. Airware has filed its plans for this proposed name change with FINRA (Financial Industry and Regulatory Authority) and has requested a new ticker symbol that better suits the company’s new name..

Airware Labs recently acquired BSSD Group an Arizona company doing business as Item 9 Labs, which was completed on March 21, 2018. In conjunction with the acquisition, Airware closed on a material definitive financing agreement in the principal amount of $1 million. The new symbol is under review and will be forthcoming upon confirmation from FINRA.

Green Spirit Industries Inc.

Green Spirit Industries (GSRX) announced that it has acquired The Green Room, a cannabis dispensary business located in Point Arena, Mendocino County, California.  The business is licensed under the name Green Spirit Mendocino, LLC, and will continue to do business as The Green Room.

HempAmericana, Inc.

HempAmericana, Inc. (HMPQ) announced that it has filed permits to become a licensed grower in the State of Maine. The company is scheduled to close on a property tailored to the cultivation of genetically superior CBD-rich hemp stock for its extraction, processing, and production operations based in nearby Augusta, Maine. Locking in permits now will allow for timely ramping of full-scale CBD Oil production this quarter.

Debra BorchardtJanuary 29, 2018


HempAmericana Inc. (HMPQ) got the skull and crossbones flag after being flagged by the OTC Markets Group for unusual trading activity, potentially among other factors, and labeled with the Caveat Emptor classification. A true penny stock, the shares shot from one cent to three cents in one day. The company has reported no revenue but is valued at $42 million according to the OTC Marketplace.

The company’s CEO Salvador Rosillo sent a letter to shareholders saying, “We understand that this is a safety measure taken by the OTC designed as a reaction to specific markers including but not limited to remarkable stock price behavior, and its intentions are to protect the investing public. We fully support all practices that safeguard the interests of investors and protect the integrity of our public markets.”

He went on to say, “While we are excited by the recent increase in liquidity and interest by an apparent range of new investors in shares of HMPQ stock, potentially including larger financial institutions, we are aware of no explanation for the dramatic rise in interest and liquidity beyond that of simply an increasing recognition of the Company’s efforts to drive future value for shareholders. We have been actively pursuing a range of grass-roots marketing pathways, including magazines and similar outlets, to drive further value to shareholders as part of a robust effort to drive growth for the Company.”

Paid Promotions

The company has paid $71,000 to OTC Tip Reporter and $71,000 to Stock Prophet to promote the company through the end of 2017. Buzz Stocks was also paid $71,000 for the same time period. In addition to these outlets, Epicstockpicks.com was compensated $20,000 cash via bank wire by a third party, Awarness Consulting Network LLC for a one-day HempAmericana Inc. promotion.

The list of promotions continues…….PennyStockGeneral.com was compensated $3,000 via electronic transfer from a non-affiliated third party for the profile of HMPQ. ShiznitStocks.com was compensated $3,000 via electronic transfer from a non-affiliated third party for the profile of HMPQ. ValueStockPick.com is a web property owned by Brilliant Innovators and was also compensated $6,000 cash via bank wire by a Sand Stone Marketing LLC  to conduct investor relations advertising and marketing for HMPQ. This is not the complete list of promotions.

CEO Response

Rosillo continued, “We will be in close communication with the OTC Markets Group going forward, and stand ready to provide any aid necessary in assisting them with any questions that may arise due to our increase in liquidly.


Several days ago, we issued a press release announcing final construction activities at the facility, with major equipment deliveries on schedule and expected in coming days. This includes the delivery of our new 200-liter supercritical CO2 CBD extraction machine – the highest-capacity state-of-the-art CBD extraction machine produced by the manufacturer. Full-capacity production is scheduled to start shortly thereafter.

As it happens, our timing apparently could not be better. Growth in the CBD oil space is now widely projected to outpace that of the broader cannabis-related market segment, which is itself widely projected to outpace nearly every other sector on the planet over the next six quarters.

We will continue to remain passionately committed to realizing our vision of becoming the leading high-capacity CBD oil producer in business today. Further updates will be forthcoming shortly.”

The OTC Position

OTC Markets Group monitors for potential promotional activity relating to securities trading on our markets. We review for anonymous paid promotions, possible connections to bad actors, and evaluate the promotions potential impact on trading.

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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