Wanderport Corp (OTCMKTS:WDRP) shares rose 94.28% to $0.00350 and fell 35.66% to $0.00225 in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $3.32 million at 686 million shares outstanding.
Wanderport Corp is a distributor of food, beverages and consumer products with a focus in the area of industrial hemp. Through its subsidiary Green Organic Holdings Corp, the company sources natural products and makes them available through its online, wholesale and retail channels. The company offers various products, such as Cannabios and Trompetol Body Care, Canna Energy, Cannabissimo Coffee, DuBe Energy Shot, Hemp Protein Powder and Hulled Hemp Seeds.
In a recent press release, Wanderport Corp announced the appointment of interim CEO Anna Seidman after former CEO Eric Brown resigned to pursue personal interests. In line with this, the company announced corporate updates and changes to its business model.
For one, Wanderport Corp will launch two new e-commerce websites in the next few weeks to sell hemp infused coffee and cannabidiol infused vape e-juices and tinctures, discontinuing the selling of slow moving and low margin products. In addition, these coffee products will be marketed under the brand of Sapa Coffee and sold through wholesale, retail and online channels, as well as being available for private labeling in bulk.
I am excited to be part of Wanderport as it transitions into its new growth phase. We have received overwhelming positive response to our sample hemp coffee and are optimistic that this product will sell well,” said new CEO of Wanderport Corporation Anna Seidman.
Seidman added that the company is optimistic with its outlook, predicting that the global vaporizer and e-cigarette market is projected to grow at a CAGR of about 22% over the next decade to reach approximately $53.8 billion by 2025 based on industry research.
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