|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||1.0100 - 1.3000|
|52 Week Range||0.3500 - 1.7500|
|Beta (3Y Monthly)||-2.51|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
PHOENIX, June 4, 2019 /PRNewswire/ -- HempWave today announced it has entered into agreements with four large-scale farming operations in Arizona, agreements that will allow it to grow and harvest industrial hemp on over 600 acres in 2019. Based upon these new growing and harvesting agreements, as well as its previously announced acquisition of two Arizona-based greenhouses totaling 210,000 square feet of space for commercial hemp nursery operations, HempWave estimates that it will produce 2.1 million pounds of hemp biomass in 2019 alone, which at current market rates of $25/lb if sold in its raw form, would have a market value of $52.5 million. Since its formation in 2018, HempWave has moved aggressively to take full advantage of the widespread interest in industrial hemp.
PHOENIX, June 3, 2019 /PRNewswire/ -- HempWave today announced it has acquired all five of the industrial hemp licenses available from the state of Arizona, licensure that makes HempWave one of the first vertically integrated hemp companies in Arizona. HempWave physically acquired each of the five respective commercial hemp licenses from Arizona — Nursery, Grower, Harvester, Transporter, and Processor — on Friday, May 31, the first day the licenses were available.
PHOENIX, May 31, 2019 /PRNewswire/ -- HempWave today announced that Eric Hutchings has joined its Board of Advisors. Hutchings' experience will enable him to advise HempWave on both regulatory compliance and government relations. Hutchings has significant experience in the financial industry and has held several securities licenses in both the U.S. and Australia.
HempWave CEO David Soto said, "As we advance our goals of helping farmers to access the burgeoning hemp economy made possible by the 2018 Farm Bill, it's essential that we have a sales executive with Michael's extensive agricultural background and network. Cashion has a long history in farming with a focus in industrial distribution and process control.
LAS VEGAS , PHOENIX , and WILLCOX, Ariz. , May 16, 2019 /PRNewswire/ -- HempWave today announced it has entered into long-term agreements to acquire two existing Arizona -based greenhouses to grow industrial ...
LAS VEGAS, May 15, 2019 /PRNewswire/ -- HempWave announced today it has appointed David Soto as its Chief Executive Officer. "Joining HempWave just months after the 2018 Farm Bill was signed into law is a fantastic opportunity," Soto said. "HempWave will operate in all facets of the hemp farming industry, including retail and wholesale distribution, and just as importantly, we will help farmers all over this great land move into what we see as the very lucrative field of commercial hemp and cannabidiol (CBD) production.