Hempacco Announces Cryptocurrency Plans Just Before Ringing Nasdaq Bell – CryptoMode

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Hempacco, a hemp manufacturing company that recently raised $6 million in its initial public offering (IPO) in August, is taking quick steps to accelerate its business growth. Dominating convenience store shows, partnering with pop culture executives and artists, and expanding product offerings isn’t enough for them. It has now been revealed that the San Diego-based cannabis brand will have a cryptocurrency in the near future.

Nasdaq

Prior to the ICO or IDO however, Hempacco secured public funding through the Nasdaq and S&P 500. It is one of only 2 companies in the city of San Diego-California to successfully launch an IPO public on the S&P 500 stock market in 2022.

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This IPO raised $6 million for Hempacco.

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In terms of investment potential, a major blog Looking for Alpha classifies the company as one that will experience feverish growth and has major advantages for investors. One of the obvious elements of the prediction is that Hempacco smoking products have become a major face of tobacco-free cigarettes. And this is during a time when Americans have officially chosen marijuana, CBD and hemp over tobacco.

Self-titled “tobacco industry disruptor,” Hempacco became the leader in the hemp cigarette surge, and Wall Street took notice.

Ring the market site bell

Today at 4 p.m. Eastern Standard Time, Hempacco will be broadcast nationally and streamed globally from the Nasdaq MarketSite in Times Square in New York City. The company’s team of representatives will participate in the Nasdaq Prestige Ringing Ceremony, representing Hempacco to billions of dollars of investors.

A moment of solidification of the brand, the bell ringing ceremony is just one more stepping stone in the company’s business plans.

What is the importance of ringing the bell? First of all, the brand will be known to everyone. Second, it helps solidify the brand as a legitimate entity in business. Third, it will definitely increase investor interest and generate new stock buyers.

And there’s more going on than the stock market, when it comes to investing.

Cryptocurrency adoption and ICO/IDO launch

According to Cryptocurrency opps, possibly in the future, an IDO or ICO launch for a Hempacco cryptocurrency will also take place. A company executive spoke to crypto news site “Layman’s read,” to reveal these plans, but offered few details.

The anonymous character basically confirmed that Hempacco will soon be accepting major cryptocurrencies in his store(s). This likely includes Bitcoin, Ethereum, SHIB, DOGE, and Solana.

CCO also hopes to create a connection between Hempacco, VeChain and SafeHaven. This would increase the use of the highly secure and completely decentralized exchange, SafeSwap.

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Hempacco Announces Cryptocurrency Plans Just Before Ringing Nasdaq Bell – CryptoMode


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