Hempacco Co., Inc. (NASDAQ: HPCO) ("Hempacco" or the "Company"), a hemp smokables company Disrupting Tobacco's™ nearly $1 Trillion industry with hemp cigarettes, smoking paper, and alternatives to nicotine tobacco, today announced the expansion of its collaboration with RAW smoking paper innovators and wholesale distribution giant HBI International ("HBI") to manufacture its line of hemp wrap smoking rolling paper.
Highlights of the Hempacco & HBI Collaboration
The introduction of HBI's new hemp wraps sold out in three hours
HBI is one of the largest wholesale distributors of smoking products in the world
Hempacco manufactures hemp wraps rolling smoking paper for HBI
Hempacco is working with HBI's CEO Josh Kesselman and his research and development team to produce new hemp wrap flavor experiences and other hemp products
HBI's flagship product RAW® rolling paper, is one of the most recognized names in Fast Moving Consumer Goods
HBI sells products that reach over 100,000 retail locations
Hempacco's collaboration with HBI includes research and development, flavoring, aromas, and manufacturing of the Skunk Brand® of Hemp wrap smokable rolling paper. Skunk Brand® is a well-established smoking paper brand with a cult-like following in the US.
Hempacco and HBI first launched their collaboration in the fourth quarter of 2021, focusing on the development and manufacture of hemp wrap smokable rolling papers in four flavor profiles: cherry, grape, lemon, and mango. Product deliveries from the initial collaboration and $x.x million purchase order have been underway since January 2022, with ongoing full truck load orders continuing.
"It's been a pleasure working with Josh and the entire HBI team to develop exciting new hemp products," said Sandro Piancone, CEO and Co-Founder of Hempacco. "Josh's attention to detail is extraordinary. He looks at every feature of his hemp wraps and other products with microscopic detail; this is why he's the number one in the industry."
"I am extremely picky and perfection-seeking when it comes to my products because I love my customers, and they demand the best. My friends and I have carefully smoke tested these wraps, rolling them in dozens of different styles and methods. They are spectacular! Sandro and Jorge did a great job on this product, and my customers are absolutely thrilled. It's not just a hemp wrap, it's one of the best hemp wraps ever made!" said Josh Kesselman, CEO, and founder of HBI International, LLC. "We started with a small order to see what Hempacco could do, and our first order of Skunk Brand® hemp wraps sold out in only three hours! There are nuances to this particular wrap that solve the biggest problem hemp wraps had until now. My customers are happy, and honestly, I'm even happier, so we ordered a lot more. And Hempacco has been sending us truckloads of product all year!"
"HBI has a cult-like following for their RAW brand of smoking paper, but what many don't realize is that HBI also has a tremendous logistics and distribution structure, with its products reaching more than 100,000 retail locations," said Jorge Olson, CMO and Co-Founder of Hempacco. "It's been great working with Josh and his team, and we look forward to a long and mutually beneficial relationship."
Hempacco Co., Inc.'s goal is Disrupting Tobacco's™ nearly $1 trillion industry with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling paper. Hempacco owns The Real Stuff™ functional hemp cigarette and rolling paper brand.
Hempacco's operational segments include:
- Manufacturing of smokables and hemp rolling paper
- Smokable technology development
- The Real Stuff™ brand of functional smokables and rolling paper
- Hemp Hop with Rick Ross and Cheech and Chong Smokables
Learn more at www.hempaccoinc.com
Order hemp cigarettes and hemp blunts at www.realstuffsmokables.com using promo-code HPCO to get Buy One Get One Free to celebrate our Nasdaq IPO and bell ringing.
Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including: our financial performance and projections; our growth in revenue and earnings; and our business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (i) potential failure to meet projected development and related targets; (ii) changes in applicable laws or regulations that may impact our products and business; (iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the "SEC") by the Company. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
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