Wanderport Corp (OTCMKTS:WDRP) Gets A Closer Look

Wanderport Corp (OTCMKTS:WDRP) has popped up on our radar after becoming one of the most active names on the OTC Markets. The stock was quiet for much of 2016 and then activity picked up in October as operational updates hit the tape. This week we saw shares surge higher on record volume and we here at Insider Financial decided to take a closer look at Wanderport Corp.First up, a little background on the company. Wanderport Corp bills itself as a distributor of food, beverages, and consumer products made with hemp. The company recognizes that hemp is a valuable plant that can yield healthy ingredients such as Omega 3 and 6, the fatty acids that are essential. Although hemp can be used in a wide variety of products, the company's goal is to provide a service to promote awareness of this unique ingredient, particularly in the area of food and beverages, dietary supplements and body care. Through its online store, customers can buy Wanderport's high quality hemp products from anywhere in the U.S.Things started to turn around for WDRP shareholders back in October after there was a shake up in the corner suite. Eric Brown resigned as the company's CEO and Anna Seidman stepped in to fill his shoes. She said at the time:

"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. We are equally optimistic in the market potential of our CBD e-juices and tinctures and are eager to offer our products to the masses."

A major focus for Wanderport is now the coffee market and its Saba Coffee brand. The initial product line consisted of three flavors, Colombian, Hazelnut and French Vanilla. The beans were originally sourced from Central and South America, then the company discovered a Vietnamese producer to supply, roast, flavor, pack and export premium Arabica coffee. Wanderport is also formulating a flavorful line of CBD infused, and ultimately THC infused premium coffee blends. CEO Anna Seidman said:

"We are very happy with the feedback we have received on our coffee blends. It's an exciting position to be in as we come to the threshold of a new age in the cannabis industry. Having taken the opportunity to develop a following in the standard coffee market enables us to generated momentum upon release of our specialty Hemp CBD coffees. We are already strategizing to meet demand as lucrative new venues open and demands rise."

The latest update concerning the Saba line is that Wanderport is getting ready to introduce two new hemp coffee flavors this month, including a new premium decaf blend. In addition to its current line of hemp blends, the Company will also be introducing a specialty CBD line with two tasty flavors. Wanderport also plans to market and sell a select line of its coffee along with other products on Amazon (NASDAQ:AMZN).On its website, there's also a selection of hemp infused body and skin care products and accessories. Wanderport has also the new site, Hemp-N-Juice, to make its dietary supplemental Hemp oil products available to the public. Hemp-N-Juice offers both light and heavy concentrations of hemp oil dietary supplement. The products contain virtually zero THC and are legal in all 50 states.Currently trading with a market cap of $6.8 million, WDRP is an exciting story among small caps. The company has a lot of irons in the fire and it now needs to deliver sales. In the quarter ending September 2016, WDRP posted just $2k in revenues and $4k in losses. The balance sheet showed just $69k in total assets and $539k in total liabilities. WDRP needs to boost its financials and deliver revenues soon or we expect its share price to pull back. The good news is that the Saba Coffee brand is unique and could be a real game changer if CEO Anna Seidman can execute.We will be updating our subscribers as soon as we know more. For the latest updates on WDRP, sign up below!Disclosure: We have no position in WDRP and have not been compensated for this article.