Good Hemp Inc (OTCMKTS:GHMP) Makes New Acquisition: Stock Jumps Big

Good Hemp Inc (OTCMKTS:GHMP) was one of the notable gainers on Wednesday as the stock went up big on above average volume.

Major Trigger:

Good Hemp Enters Into Agreement To Acquire Sacred Leaf

Key Highlights:

  • announces it has entered into a non-binding letter of intent to acquire Sacred Leaf, LLC, and its affiliated entities (“Sacred Leaf”).  Sacred Leaf is a CBD and hemp enterprise consisting of a state-of-the-art processing and packaging center for health and wellness products and a retail business consisting of 5 brick-and-mortar locations throughout Kansas and Texas, 35 franchise locations and more than 50 wholesale accounts nationwide, reaching consumers in the United States, Canada, Central America and Europe.
  • Sacred Leaf products are some of the highest quality hemp products on the market and are made in the USA. Sacred Leaf’s goal is to provide the highest quality hemp derived products to customers in a multitude of ways. It is this principle care that has allowed Sacred Leaf to humbly grow from one location in Lawrence, Kansas, to a franchised national brand with 35 stores in multiple states in just a few short years.
  • Sacred Leaf products start with patented strains of hemp that are planted in over 1,200 acres of organic hemp fields in the USA. When it comes time to harvest, Sacred Leaf transports the raw materials to a 22,000 sq ft lab where the product goes through a cold-pressed CO2 extraction process to produce some of the highest quality finished product. Each batch is tested before being sent to Sacred Leaf stores across the country.

Market Reactions  

On Wednesday, GHMP stock gained by 74.36% at $2.72. The stock has traded 36.70K shares, compared to its average volume of 5.2K shares.  The stock moved within a range of $1.5800 – 4.2000 after opening at $1.59.

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