Hempco Food and Fiber Inc (OTCMKTS:HMPPF – Get Free Report) dropped 3.6% during mid-day trading on Wednesday. The company traded as low as $0.4975 and last traded at $0.4975. Approximately 15,000 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 20,099 shares. The stock had previously closed at $0.5160.
Hempco Food and Fiber Stock Down 3.6%
The business’s 50-day moving average price is $0.50 and its 200-day moving average price is $0.50.
Hempco Food and Fiber Company Profile
Hempco Food and Fiber Inc was a Canadian company focused on the development, processing and marketing of food and fiber products made from industrial hemp. Its business centered on hemp seed and hemp-derived ingredients, including hemp hearts, hemp protein and hemp seed oil, which were marketed for use in consumer foods, nutrition products and ingredient applications.
The company also pursued opportunities in hemp-based fiber and related agricultural products. Its operations were associated primarily with the Canadian hemp industry, with products intended for retail, wholesale and food-manufacturing customers in Canada and other markets.
Hempco attracted strategic investment from Aurora Cannabis and was subsequently acquired by Aurora, broadening Aurora’s involvement in hemp-based food products and ingredients.
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