NEW YORK, April 05, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is excited to announce that the Company has filed permits to become a licensed grower in the great State of Maine. The Company is scheduled to close on a property tailored to cultivation of genetically superior CBD-rich hemp stock for its extraction, processing, and production operations based in nearby Augusta, Maine. Locking in permits now will allow for timely ramping of full-scale CBD Oil production this quarter.
Management believes this is a significant step toward verticalization, eastern US market dominance, and security of future top-line results.
HempAmericana CEO, Salvador Rosillo, commented, “We are extremely excited and we are set to close on the farm property imminently, and getting the permits lined up will protect our forward projections on posting initial sales through our established distribution footprint. The CBD Oil market is really the place to be. Tremendous growth is underway and we are now finally in a position to position ourselves as market leaders in purity, potency, and yield.”
The Company is now projecting that full-scale production will be underway later this fiscal quarter at its state-of-the-art high-capacity extraction and processing facility in Augusta. The plant features a Vitalis R-200 supercritical CO2 CBD Oil Extraction machine on-site working in tandem with a Gilson CPC 1000 centrifugal partition chromatography separator system with a PLC 2500 HPLC+UV Detector – a next-generation processing system capable of producing 99% pure CBD Oil concentrate in scalable quantities.
In addition, the Company has already purchased a specialized seed inventory scaled to yield approximately 10,000 Hemp plants set to be cultivated on its new high-potency seed development farm. This facility has been designated as the home base for the Company’s cross-pollination operations as it strives to cultivate unmatched potency in its CBD Oil production.
Critically, all features of the operation – the extraction and processing facility, the next-generation equipment, the high-potency cultivation facility, and the specialized seed stock – have been tapped by the Company with no residual increase in debt or dilution risk.
About HempAmericana, Inc. HempAmericana is currently in the rolling paper and CBD oil business using the brand name Weed Got Oil. Search Rolling Thunders hemp papers on YouTube for a product demonstration of the Company's papers. The company owns an extraction machine and now plans to become a leader in the CBD oil market by establishing three laboratories for the extraction and research of the oils contained in the hemp plant. HempAmericana also researches, develops and sells products made of industrial hemp. See more at http://www.HempAmericana.net.
Safe Harbor Provision Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Hemp Americana annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.