IIrvine, CA, — September 14, 2022 – Boustead Securities, LLC (“Boustead”) IPO client Hempacco Co., Inc. (NASDAQ: HPCO) ("Hempacco" or the "Company"), a vertically integrated hemp manufacturing company, commenced sales of Cheech & Chong-branded hemp smokable products during the third quarter of 2022 under its previously announced 50/50 joint venture.
In January 2022, Hempacco entered a joint venture agreement with Cheech and Chong's Cannabis Company ("CCCC"). Hempacco debuted its initial line of Cheech & Chong-branded hemp smokables and hemp blunt wraps products, as well as a Cheech & Chong-branded kiosk vending machine, with Tommy Chong, at the Tobacco Plus Expo in Las Vegas in January.
Tommy Chong exclaimed, "Throughout my career, I've always been against cigarette smoking, and now I'm proud to release the next best thing to smoking cannabis, and that's hemp!"
"We are thrilled to begin sales under this JV with Cheech & Chong," said Sandro Piancone, Founder and CEO of Hempacco. "We are working with CCCC's CEO, Jonathan Black, to develop several unique products, including three blends in smokables and our hemp blunt wraps, and look forward to ramping sales as we leverage Cheech & Chong's well-known brand."
"Attracting partners like Hempacco with great products is one of the many great outcomes of working with an iconic brand like Cheech and Chong," said Black. "We are excited about the potential of this partnership and look forward to working together to develop and deliver more exciting products to the market."
"Sandro and I always dreamt of working with Cheech & Chong," said Jorge Olson, Co-Founder and CMO of Hempacco. "We thought from the very beginnings of Hempacco that a Cheech & Chong Hemp Smokable would be an incredible product, marketed to a baked-in customer base, and now we've brought that vision to reality."
About Hempacco, Co. Inc. Hempacco Co, Inc. is Disrupting Tobacco's™ nearly $1 Trillion industry with herb and hemp-based alternatives to nicotine cigarettes by manufacturing and marketing herb, spice, and cannabinoid smokables and rolling paper. Hempacco owns The Real Stuff™ functional hemp cigarette and rolling paper brand.
Hempacco Co., Inc. operational segments include:
Manufacturing of smokables and hemp rolling paper
Smokable technology development and licensing
The Real Stuff brand of functional smokables and rolling paper
Hempacco uses and licenses these patents:
Infuse any cigarette with flavor, aroma, and functionality
Cannabis paper for manufacturing paper, blunts, or cigarettes
Spray terpenes on hemp to manufacture hemp cigarettes
About Cheech and Chong's Cannabis Company
Cheech and Chong's Cannabis believes that quality operations, products, and excellent customer service are the pillars of success. The company marries operational philosophies with the well-established Intellectual Property of Cheech and Chong to create a new type of cannabis experience. By combining the well-recognized brand, the extensive portfolio and the expertise of Eighth Icon's Executive Team, the canna-business industry finally has a company with the formula for success with worldwide brand recognition.
Cheech and Chong's Cannabis is perfectly poised to capitalize on the rapidly growing cannabis market through distribution, delivery, wholesale and retail capabilities. The cannabis industry finally has the right vehicle to deliver the Cheech and Chong experience.
About Boustead Securities, LLC
Boustead Securities, LLC is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority-owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information visit please visit: www.boustead1828.com