Wanderport Corp (OTCMKTS:WDRP) shares were up 45% on Thursday to $0.00580 and down 14.48% in after-hours trading. The company has a market cap of $4.83 million at 686.50 million shares outstanding.
In a press release this week, Wanderport Corp announced that it has mobilized to formulate a flavorful line of CBD infused, and ultimately THC infused premium coffee blends, citing that the potential that Proposition 64 in California brings for the cannabis market. It highlighted that California is the highest-populated state in the US, even having a larger population compared to Australia or Canada. As such, this represents a huge market for CBD beverages and is poised to be the largest marijuana buyer in the country.
“We are very happy with the feedback we have received on our coffee blends. It’s an exciting position to be in as we come to the threshold of a new age in the cannabis industry. Having taken the opportunity to develop a following in the standard coffee market enables us to generated momentum upon release of our specialty Hemp CBD coffees. We are already strategizing to meet demand as lucrative new venues open and demands rise.” stated Anna Seidman, CEO of Wanderport Corporation.
Aside from that, Wanderport Corp also announced that it has evaluated premium beans from a few coffee plantations in Vietnam and discovered a producer that supply, roast, flavor, pack and export premium Arabica coffee. The press release indicated that coffee is a $30 billion-dollar industry in America and fortifying this beverage with nutritious attributes of Omega 3, 6 and Hemp opens up a tremendous revenue generating potential.
Lastly, Wanderport Corp reported that progress is being made in their development of new e-commerce website for CBD vapor juices and tinctures but that payment options have been limited due to the nature of products being sold. For now, it is working on finding a partner that can help it establish a simple user-friendly merchant services provider. Their online store is set to debut by the end of the month, which suggests that another bullish opportunity for the company’s stock is just waiting around the corner.
Company stocks have already been enjoying a pickup in volume and investor interest over the past few weeks leading up to the elections and after the results were announced. In fact, cannabis companies have been on a bullish run for nearly a month already and this might just be the tip of the iceberg in terms of gains. Competition is heating up in the edibles and beverages sector where Wanderport Corp is positioned but any value-added to their services could keep the company ahead of the pack.
Wanderport Corp is a distributor of food, beverages and consumer products with a focus in the area of industrial hemp. Through its subsidiary, it sources natural products and make them available through its online, wholesale and retail channels. The company offers various products, such as Cannabios and Trompetol Body Care, Canna Energy, Cannabissimo Coffee, DuBe Energy Shot, Hemp Protein Powder and Hulled Hemp Seeds.
Its Realhemp Hulled Hemp Seeds are the inner meat of the hemp seed. Its DuBe Energy Shot offers hemp infused energy shots. Its Realhemp Hemp Protein Powder has various applications and can be added to power drinks, vegetables, nutrition bars and baking recipes. Its Canna Energy offers hemp infused energy drinks. Its Cannabissimo Coffee is a flavored blend of hemp seeds and roasted ground coffee beans.