Exciting news befell New York-based HempAmericana Inc (OTC:HMPQ) Wednesday. The company, priding itself on being an emerging leader in the CBD products market, heralded the initiation of live e-commerce sales of premium CBD-based products through the Company’s new online sales portal.
HMPQ has already received a growing number of orders for full-spectrum CBD oil, with sales of 125mg thru 2000mg 1oz bottles already booked and in transit.
Says CEO Salvadore Rosillo, “The initial market response has been extremely gratifying to see. Following the official launch of our new online CBD sales portal, traffic has been strong and we anticipate robust sales growth ahead.”
According to research firm MRFR, the global CBD market, valued at just over $3.08 billion U.S. in 2018, is estimated to register a Compound Annual Growth Rate of 125.6% from now through 2026.
Shares in HMPQ celebrated mid-week Wednesday by climbing 10.6% to 52-100ths of a cent on 14.3 million shares.