Hempacco Co (HPCO) Closes IPO

Hempacco Co., Inc. (NASDAQ: HPCO) ("Hempacco" or the "Company"), a vertically integrated hemp manufacturing company, today announced the completion of its initial public offering of 1,000,000 common shares at a price of $6.00 per share to the public for a total of $6,000,000 of gross proceeds to the Company (the "Offering"), prior to deducting underwriting discounts, commissions, and other Offering expenses.

The Company has listed its common shares on The Nasdaq Capital Market, effective August 30, 2022, under the symbol "HPCO".

Boustead Securities, LLC acted as the sole underwriter for the firm commitment Offering.

A registration statement on Form S-1 (File No. 333-263805), as amended, filed by the Company with the Securities and Exchange Commission (the "SEC"), was declared effective on August 29, 2022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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