Hemp Inc (OTCMKTS:HEMP) continues to pull back in recent trade. We sounded the alarm on this one a couple weeks ago, suggesting that it may have “jumped the shark” in terms of its goals and attempts at taking advantage of worrisome trends in US federal level support for marijuana legislation at the state level. That said, this is an industrial hemp play, at least nominally, and should not be lumped in with the cannabis space. So, it has some justifiable ground when confronting the potential that investors are selling shares in reaction to AG Jeff Sessions moves on marijuana.
That said, we still would like to see some real steps taken here to foster actual sales growth, which remains an elusive goal for a company that has been around for many years without tangible financial success. That hasn’t stopped this organization from remaining extremely aggressive on the PR front. As a case in point, the company just announced that its executives gained national and local media coverage for their insight on the latest developments in the hemp regulatory landscape, which