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Hemp-based cigarette maker Hempacco prices IPO at $6
August 30, 2022

Hempacco, which manufactures nicotine-free cigarettes made from hemp, raised $6 million by offering 1 million shares at $6, as expected. The company originally planned to offer 3 million shares at a range of $4 to $6 before revising the terms in late July.

Hempacco plans to list on the Nasdaq under the symbol HPCO. Boustead Securities acted as sole bookrunner on the deal.