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Hempacco Co Files IPO Registration Statement

Published 03/24/2022, 06:08 AM
Updated 03/24/2022, 06:40 AM
© Reuters.  Hempacco Co (HPCO) Files IPO Registration Statement

Hempacco Co (HPCO) has filed for a proposed IPO.

The company describes itself as: "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."

BOUSTEAD SECURITIES, LLC will serve as sole underwriter.

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