Cheech & Chong, Rick Ross, Hemp Products Hit Shelves In India And Thailand Via Hempacco-CBDAY Partnership
Portfolio Pulse from Jelena Martinovic
Hempacco Co, Inc. (NASDAQ:HPCO) has entered into an exclusive master distribution agreement with CBDAY Global Private Limited to sell Hempacco's hemp and CBD products in India and Thailand. The agreement includes the introduction of Cheech & Chong and Rick Ross hemp products on CBDAY's website and distribution channels. Hempacco's VP of sales, Daniel Ortega, highlighted the significant market opportunity in Asia due to its large population and rising disposable income. Hempacco has also partnered with celebrities for product lines and recently teamed up with Snoop Dogg for a new consumer-packaged goods line. Additionally, Ispire Technology Inc.'s subsidiary Aspire North America, LLC has an exclusive agreement to distribute Hempacco’s branded products, including those associated with Snoop Dogg.
December 07, 2023 | 3:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Hempacco Co, Inc. has secured a distribution agreement with CBDAY to sell its hemp and CBD products in India and Thailand, which could significantly expand its market presence in Asia.
The exclusive distribution agreement with CBDAY is likely to open up new revenue streams for Hempacco in the Asian market, which is a positive development for the company. The involvement of celebrities in their product lines can also enhance brand recognition and appeal, potentially leading to increased sales. Given the size of the Indian and Thai markets and the rising disposable income in these regions, this partnership could have a significant short-term positive impact on Hempacco's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100