Wanderport Corp. (OTCMKTS:WDRP) shares were up 14.29% to $0.00400 on Wednesday and flat in after-hours trading. The company has a market cap of $2.91 million at 686.50 million shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.01.
Wanderport Corp is a distributor of food, beverages and consumer products with a focus in the area of industrial hemp. Through its subsidiary Green Organic Holdings Corp, the company sources natural products and make them available through its online, wholesale and retail channels. Its products include Cannabios and Trompetol Body Care, Canna Energy, Cannabissimo Coffee, DuBe Energy Shot, Hemp Protein Powder and Hulled Hemp Seeds.
Its Cannabios and Trompetol Body Care is cannabinoid-based body care product. Its Canna Energy offers hemp infused energy drinks. Its Cannabissimo Coffee is a flavored blend of hemp seeds and roasted ground coffee beans. 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 Realhemp Hulled Hemp Seeds are the inner meat of the hemp seed.
In its recent press release, Wanderport Corp reaffirmed its presence in the booming cannabis industry in announcing that it has mobilized to formulate a flavorful line of CBD and THC infused premium coffee blends. This follows an overwhelmingly positive response to their marketing efforts and Proposition 64 in California, which legalized the use of recreational marijuana for individuals aged 21 and up. California is the most populated sub-national entity in North America and even has a population larger than Canada or Australia, which means that it is a huge market for CBD infused beverages.
We are very happy with the feedback we have received on our coffee blends. Its 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,” remarked Wanderport Corp CEO Anna Seidman.
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 supplies, roasts, flavors, packs and exports premium Arabica coffee. It mentioned a recent article by CNBC which projected that coffee is a $30 billion-dollar industry in America, and fortifying this beverage with the nutritious attributes of Omega 3, 6 and Hemp in flavorful blends would mean a large revenue-generating potential.
Wanderport Corp is also making progress in developing a new e-commerce website for CBD vapor juices and tinctures. However, it mentioned that the payment options are limited for now due to the nature of the products being sold. The company is still working on finding and establishing a partnership with a simple user-friendly merchant services provider, and a positive update in this regard could drive Wanderport Corp share prices higher in the near future.
A look at the daily chart of Wanderport Corp shares shows that volume has significantly picked up since the pre-election weeks, as investors were hopeful that cannabis legislation would push through in majority of the voting states. Price has popped higher following the results and has since made a pullback, offering a chance to catch the rally at cheaper levels.
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