5 Cheap Hemp Stocks Redditors are Buying

2. Good Hemp, Inc. (OTC: GHMP)

Price as of August 16, 2021: $1.19

Good Hemp, Inc. (OTC: GHMP) is placed second on our list of 10 cheap hemp stocks Redditors are buying. The company operates from North Carolina and was founded in 2007. It makes and sells natural and functional hemp-derived consumer products. Some of these include Good Hemp 2oh!, CANNA HEMP, and CANNA, among others. The firm was previously known as Lone Star Gold. It has a market cap of $26 million and posted more than $73,000 in revenue in the first quarter of 2021. 

On June 16, the share price of Good Hemp, Inc. (OTC: GHMP) soared by over 53% after it announced plans to purchase Sacred Leaf, a company that operates a processing and packaging center for wellness products.

In April, Good Hemp, Inc. (OTC: GHMP) had reported positive momentum on sales after the firm closed the purchase of Diamond Creek Group and started offering the products of the firm on ecommerce marketplaces like Amazon.