{"id":2278,"date":"2013-08-13T12:15:57","date_gmt":"2013-08-13T12:15:57","guid":{"rendered":"\/?p=2278"},"modified":"2013-08-13T12:16:16","modified_gmt":"2013-08-13T12:16:16","slug":"hemp-inc-otcmktshemp-bursts-on-the-scene-once-more","status":"publish","type":"post","link":"\/articles\/hemp-inc-otcmktshemp-bursts-on-the-scene-once-more\/","title":{"rendered":"Hemp, Inc. (OTCMKTS:HEMP) Bursts On The Scene Once More"},"content":{"rendered":"

\"HEMPchart1.png\"Out of nowhere last Friday Hemp, Inc. (OTCMKTS:HEMP<\/a>) decided that it should put an end to its hibernation and the ticker exploded. Almost record breaking 53 million shares were traded that day compared to the 7 million from the previous session. At closing time the company had gained 19% sitting at $0.015 but during the day it went as high as $0.018. <\/p>\n

This positive surge was a breath of fresh air for the first industrial hemp publicly traded company. With the hype around the medical marijuana industry dying out HEMP<\/a> has been on a constant downward slide making one depressing chart. We counted only 11 positive closes for the past 6 months since it first crashed in early-February. Traders who bought in when the stock was at a price levels above $0.11 have suffered a loss amounting to 87% of their initial investment.<\/p>\n

\"HEMPchart2.png\"In a quite ironic move the sole-reason for Friday’s enthusiasm towards HEMP<\/a> was the CNN’s Chief Medical Correspondent, Dr. Sanjay Gupta’s new stance on the whole medical marijuana industry. The famous neurosurgeon once wrote an article for the Time magazine named “Why I would Vote No on Pot” but now it seems he has gone through a radical change in his views. For the past year he has been working on a documentary about the possible medical benefits of the marijuana plant. The irony here comes from HEMP<\/a>‘s two news articles in which they try to differentiate their industrial hemp from the medical marijuana.<\/p>\n

On the financial side things are still as grim as ever. A new financial report should be filed very soon but for now we have only the data for the first quarter of 2013:<\/p>\n