Wanderport Corp (OTCMKTS:WDRP) shares were flat at $0.00800 and unchanged in after-hours trading. The company has a market cap of $5.49 million at 686.50 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.02.
In a press release, Wanderport Corp announced that it will be expanding its industry footprint with the addition of a quality line of hemp infused tea selections. Tea is the second most widely consumed beverage worldwide, with approximately 1.5 million pounds consumed in the US every day. This beverage industry is expected to reach $19 billion in the US by 2020.
“When combined with forecasts for CBDs projected growth, it becomes evident that the premium infused tea sector of our operation has tremendous potential for significant growth, while single serving sized specialty coffee selections bring our distinct hemp and CBD coffee blends to a substantial convenience driven segment of the coffee industry,” remarked Ty Cha, CEO of Wanderport Corp.
Forbes projects that the CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources. This amounts to a 700% increase from 2016.
Wanderport Corp isa development-stage company that is a distributor of food, beverages and consumer products made with hemp. The company’s products include Sapa Coffee, Cannabissimo Coffee, CBD Nectars, DuBe Energy Shot, and Cannabios and Trompetol Body Care.
Sapa Coffee are coffee beans sourced from Central and South America, grounded and blended with roasted hemp hearts. Cannabissimo Coffee is a flavored blend of hemp seeds and roasted ground coffee beans. The CBD Nectars offering includes vape liquids, oil and tinctures. DuBe Energy Shot is a hemp infused energy shot. Cannabios includes cannabinoid-based body care products on the market. The Cannabios line consists of balm, shampoo, shower gel, massage oil, sun screen and baby lotions enriched with hemp-derived cannabidiol. Trompetol lotions and skin care creams offer a serum without any artificial coloring, dyes or toxic perfumes. Trompetol EXTRA is designed to address muscle and joint issues.