Hempacco Co (HPCO) turns heads on Wall Street post revenue surge

Shares of Hempacco Co., Inc. (HPCO) are currently trading at $2.9806 with a gain of over $0.7906 (+36.1005%). More than 23,401,006 shares have exchnaged hands at the time of writing this article compared to an average daily volume of 2,403,176s shares.

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We got a really nice bounce in the QQQ’s yesterday morning from $262 to $267.50. That move proved to be all she wrote before the bears took over again. The market seemed to had a bounce in it but looks like the overall sentiment is bearish. The way political war scenario is turning out it seems that we going to continue lower and will be looking to short pops unless something changes.

Hempacco Co., Inc. (NASDAQ: HPCO) is a hemp smokables company focused on Disrupting Tobacco’s™ nearly $1 trillion industry with hemp cigarettes, smoking paper, and alternatives to nicotine tobacco products, today announced revenues for the six months ended June 30, 2022 increased approximately 486% year-over-year to approximately $2.8 million.

“Our strong performance in the first half of 2022 is testament to our industry leading partnerships and collaborations and our team’s dedication to rapidly and efficiently expanding operations,” said Sandro Piancone, Co-Founder and CEO of Hempacco. “Revenue growth accelerated in the second quarter this year, up approximately 93% over our Q1 revenues, with gross operating margins increasing from 18% to 25%. In addition, a strong focus on cost controls reduced our operating expenses by 45% in the same period, a key driver to our achieving breakeven EPS in Q2 this year.”

Other companies in Hempacco’s space includes: Vector Group (NYSE:VGR), Altria Group (NYSE:MO), Universal (NYSE:UVV), British American Tobacco (NYSE:BTI) and Turning Point Brands (NYSE:TPB).