Wrapmail Inc (OTCMKTS:WRAP) Sets Foot in Cannabis Industry

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Wrapmail Inc (OTCMKTS:WRAP) shares were up 20.30% to $0.0800 and flat in after-hours trading. Share prices have been trading in a 52-week range of $0.01 to $0.15. The company has a market cap of $15.54 million at 146.01 million shares outstanding.

Wrapmail Inc is a company that provides document, project, marketing and sales management systems to business clients through its website and software. It offers WRAPmail, which is a method, system and software for extracting content for integration with electronic mail. WRAPmail is an e-mail templating system that adds graphics and letterhead to everyday e-mails. WRAPmail allows promoting the business.

To top it off, the company offers various solutions, which include WRAPmail Business, WRAPmail Personal and WRAPmail Enterprise. Its business edition solution is offered to any size organization and its personal edition solution is offered to any individual and community group. Its enterprise solution is offered for organizations wanting to host their own environment. It also provides all system integration support for an installation and features click notification alerts and analytical report.

In a press release last week, Wrapmail Inc announced that it acquired 100% of HealthMax Group, which is led by a team of high level scientists and business entrepreneurs and is at the forefront of the CBD market, offering product in its purest form using its proprietary Nano Technology. Its technology was designed to increase product efficacy significantly over just CBD alone, with products that are lab tested to be 99% pure and consistently rated among consumers as their favorite.

After getting to know David and the HealthMax team over the past month, we concluded this acquisition was a great opportunity for HealthMax to enter the public markets, and an incredible value proposition for our shareholders. Utilizing our collective resources, it’s with great enthusiasm we enter into this transaction,” said Wrapmail Inc CEO Marco Alfonsi.

Wrapmail Inc will begin the process to formalize a name and symbol change consistent with the new company profile. WRAPmail and Prosperity Systems will operate as wholly owned subsidiaries. HealthMax will continue to sell classic and nano-technology infused CBD products and is expanding its sales and distributions channels.

I am very proud of the progress we’ve made in the hemp industry over this short time span, as well as our advancements in nano-technology delivery of our imported all-natural hemp. HALO CBD is medicinal grade CBD, which is clear and does not have the harsh hemp taste, black color, residual solvents or toxic fillers like many competing products. Some analysts are projecting a 2-billion-dollar market for the hemp industry, and I think we are poised to be a leading competitor in this market with the addition of our multi-spectrum and nano-technology infused formulations,” said HealthMax Group President and COO David Posel.

He went on to say that HealthMax is expanding to large-scale production and engaging the food and beverage industry. The company plans to disrupt the market and set the bar for higher quality standards across the board.

DISCLAIMER: There is a substantial risk of loss with any speculative asset, especially small cap stocks. The opinions expressed are those of the author, and do not constitute recommendations to buy or sell a stock. Do your own research before committing capital.