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Private company

Hempacco Co., Inc.

Hempacco Co., Inc. is an American cigarettes company that raised $2.9 million in 2024 (SEC Form D).1 It is headquartered in San Diego, California.1

Last updated Oct 21, 2026.

Overview

  • IndustryCigarettes1
  • HeadquartersSan Diego, California1
  • Incorporated inNV2
  • Business address9925 Airway Rd, San Diego, Ca 921542
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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The following discussion and analysis should be read in conjunction with the consolidated financial statements and the notes thereto for the years ended December 31, 2023, and 2022.included in Item 8 of this Annual Report on Form 10-K.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-30.1%Gross margin4
-327.3%Operating margin4
-332.3%Net margin4
2.0%Revenue growth, 20234
-$6.0MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue95¢$5.1M
  • Interest5¢$270.0K

Out of $4.0M in revenue.4 The company lost money this year.

Financial statements

Revenue54$4.0M in 2023+241% since 2021
0$2.0M$4.0M$6.0M2021: $1.2M$1.2M20212022: $4.0M$4.0M2022+234%2023: $4.0M$4.0M2023+2%
Gross profit54-$1.2M in 2023
-$1.5M-$1.0M-$500.0K0$500.0K2021: $336.4K$336.4K20212022: $239.0K$239.0K2022−29%2023: -$1.2M-$1.2M2023
Operating income54-$13.2M in 2023+698% since 2021
-$15.0M-$10.0M-$5.0M02021: -$1.7M-$1.7M20212022: -$7.1M-$7.1M2022+327%2023: -$13.2M-$13.2M2023+87%
Net income54-$13.4M in 2023+619% since 2021
-$15.0M-$10.0M-$5.0M02021: -$1.9M-$1.9M20212022: -$7.1M-$7.1M2022+281%2023: -$13.4M-$13.4M2023+88%
Fiscal year2020202120222023
Revenue$1.2M5$4.0M4$4.0M4
Cost of revenue$850.9K5$3.7M4$5.1M4
Gross profit$336.4K5$239.0K4-$1.2M4
Research and development$2.1K5$05
Operating expenses$2.0M5$7.3M4$12.0M4
Operating income-$1.7M5-$7.1M4-$13.2M4
Interest$209.7K5$47.3K4$270.0K4
Income before tax-$1.9M5-$7.1M4-$13.4M4
Income tax$05$04$04
Net income-$1.9M5-$7.1M4-$13.4M4

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What it owns

What Hempacco Co., Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$6.7M4 Dec 31, 2023$7.5M4 Dec 31, 2022−9.9%
Leasehold improvements$31.4K4 Dec 31, 2023$12.4K4 Dec 31, 2022+152.8%
Accumulated depreciation$1.4M4 Dec 31, 2023$260.4K4 Dec 31, 2022+421.5%
Property and equipment, net$5.4M4 Dec 31, 2023$7.2M4 Dec 31, 2022−25.2%
Operating-lease assets (leased space)$6.3M4 Dec 31, 2023$04 Dec 31, 2022

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$109.8K4 Dec 31, 2023$548.3K4 Dec 31, 2022−80.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.6M4 Dec 31, 2023$04 Dec 31, 2022

Inventory

ItemLatestA year beforeChange
Inventory, total$2.5M4 Dec 31, 2023$645.1K4 Dec 31, 2022+294.1%
Raw materials$1.7M4 Dec 31, 2023$535.3K4 Dec 31, 2022+225.3%
Finished goods$801.7K4 Dec 31, 2023$109.9K4 Dec 31, 2022+629.6%

Leadership

Who has led Hempacco Co., Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sandro Piancone2022

President

  1. Sandro Piancone2022

Chief financial officer

  1. Neville Pearson2022
2025
Board members and other officers (4)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Officer, DirectorJorge Olson named Dec 21, 2021 to Apr 2, 202414

Timeline

  1. Oct 10, 20248-K Executive or director change; Shareholder vote15
  2. Sep 9, 20248-K Listing notice or transfer16
  3. Aug 23, 20248-K Listing notice or transfer17
  4. Aug 19, 20248-K Listing notice or transfer; Unregistered sale of shares18
  5. Aug 12, 20248-K Executive or director change19
  6. Jul 23, 20248-K Listing notice or transfer20
  7. Jul 5, 20248-K Listing notice or transfer21
  8. Apr 30, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares22
  9. Apr 24, 20248-K Listing notice or transfer23
  10. Apr 2, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares24
  11. Mar 28, 20248-K Entered a material agreement; New debt or obligation; Unregistered sale of shares25
  12. Mar 8, 20248-K Change to shareholders' rights; Bylaws or fiscal year changed; Other events26
  13. Sep 1, 2022New chief executive Sandro Piancone becomes CEO9

Filings

112 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 27 major events, 6 insider forms, 4 private raises, 68 other. The latest 20:

  1. Dec 11, 202515-12G EDGAR
  2. Oct 10, 20248-K EDGAR
  3. Sep 9, 20248-K EDGAR
  4. Aug 23, 20248-K EDGAR
  5. Aug 19, 20248-K EDGAR
  6. Aug 14, 2024NT 10-Q EDGAR
  7. Aug 14, 2024DEFA14A EDGAR
  8. Aug 12, 2024DEF 14A EDGAR
  9. Aug 12, 20248-K EDGAR
  10. Aug 9, 202410-K EDGAR
  11. Jul 23, 20248-K EDGAR
  12. Jul 5, 20248-K EDGAR
  13. May 21, 2024DEF 14C EDGAR
  14. May 15, 2024NT 10-Q EDGAR
  15. May 10, 2024PRE 14C EDGAR
  16. Apr 30, 20248-K EDGAR
  17. Apr 24, 20248-K EDGAR
  18. Apr 2, 2024D EDGAR
  19. Apr 2, 20248-K EDGAR
  20. Apr 2, 2024NT 10-K EDGAR

The 112 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 6 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 19, 2023Titus Stuart WDirectorBuy10,000$0.57$5.7KForm 4
May 17, 2023Titus Stuart WDirectorBuy10,000$0.58$5.8KForm 4
May 12, 2023Titus Stuart WDirectorBuy10,000$0.57$5.7KForm 4
May 11, 2023Titus Stuart WDirectorBuy20,000$0.61$12.2KForm 4
May 10, 2023Titus Stuart WDirectorBuy19,916$0.61$12.2KForm 4
Mar 29, 2023Titus Stuart WDirectorBuy216,211$0.50$108.1KForm 4

From Forms 4 filed with the SEC.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$2.9M 2022–2024
Money received by yearMoney received by year, 2022–2024: $2.9M in all. Private raises (Form D) $2.9M.$0$500K$1M$1.5M$2M2022 · Private raises (Form D): $416.0K20222023 · Private raises (Form D): $1.9M20232024 · Private raises (Form D): $490.4K2024
Figures by year
YearPrivate raises (Form D)Total
2024$490.4K$490.4K
2023$1.9M$1.9M
2022$416.0K$416.0K

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Mar 26, 2024Raised $490,400 in a private offering of debt14 Form D: $1.2 million offered in all Form D
  2. Oct 19, 2023Raised $1.9 million in a private offering of securities27 Form D: $3 million offered in all Form D
  3. Apr 7, 2022Raised $416,000 in a private offering of equity28 Form D: $1 million offered in all Form D
  4. Dec 6, 2021Filed a private offering of equity29 Form D: $1.3 million offered in all Form D

SEC filer profile

How Hempacco Co., Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHempacco Co., Inc.1
  • CIK0001892480
  • Employer ID (EIN)83-42314571
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inNevada1
  • Fiscal year endsDecember 311
  • Industry code (SIC)2111 Cigarettes1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address9925 Airway Rd, San Diego, CA 921541
  • Phone(619) 779-07151
  • Shares outstanding4,332,006 as of Aug 3, 20244
  • Public float$3.8M as of Jun 30, 20234
  • On EDGAR sinceNov 12, 20211
  • Filings113 in all: 8-K (27), CORRESP (16), UPLOAD (11), S-1/A (7), 3 (5), NT 10-Q (5), 10-Q (4), D (4)1
    All 28 form types

    EFFECT (3), S-1 (3), 10-K (2), 424B3 (2), 424B4 (2), DEF 14C (2), DEL AM (2), DRS (2), DRS/A (2), DRSLTR (2), NT 10-K (2), PRE 14C (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 4 (1), 8-A12B (1), CERT (1), DEF 14A (1), DEFA14A (1)

  • Latest filingsAnnual report (10-K) Aug 9, 2024
    Quarterly report (10-Q) Nov 20, 2023
    Proxy statement (DEF 14A) Aug 12, 2024
    Latest 8-K (8-K) Oct 10, 2024

Sources

The numbers on this page point here. Each one links to the record it came from.

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