The hemp industry has grown at an impressive rate in recent times and one of the companies to have emerged as an important player in the industry is Hemp Inc (OTCMKTS:HEMP).
The company is one of the major operators in the industrial hemp industry and yesterday, its stock was in the middle of a remarkable move. The Hemp Inc stock rallied by as much as 55% yesterday as investors piled on to it in a big way and in this situation, it might be a good idea for investors to perhaps take a closer look at the company’s operations.
Hemp Inc has worked tirelessly to cash in on the growing popularity of hemp and has launched a series of new initiatives. For instance, the company has successfully launched a range of new products from hemp derivatives in recent times and that is a segment that is expected to grow in the near future.
Last week, a report from The Insight Partners revealed that the hemp derivative market could be worth as much as $21 billion by 2028 and hence, it is easy to see why Hemp Inc decided to make such a move. Investors interested in the hemp sector could consider adding the stock to their watch lists.