Hempacco shares are trading higher after the company announced it entered into an exclusive Master Distribution Agreement with CBDAY Global. Under the agreement, CBDAY will exclusively sell Hempacco's line of hemp and CBD products in India and Thailand.
Portfolio Pulse from Benzinga Newsdesk
Hempacco's stock is trading higher following the announcement of an exclusive Master Distribution Agreement with CBDAY Global, which will sell Hempacco's hemp and CBD products exclusively in India and Thailand.
December 07, 2023 | 1:22 pm
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POSITIVE IMPACT
Hempacco's exclusive distribution agreement with CBDAY Global for the Indian and Thai markets is likely to increase sales and market presence, positively impacting the stock price in the short term.
The exclusive distribution agreement is significant news for Hempacco as it opens up new markets in India and Thailand, which can lead to increased sales and revenue. This expansion is likely to be viewed positively by investors, potentially leading to a short-term rise in Hempacco's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100