HempAmericana
Announces Significant Increase in CBD Production Following
Rapid Inventory Drawdown Through Online Sales
Activity
NEW YORK, NY -- November 21, 2019 --
InvestorsHub NewsWire -- HempAmericana,
Inc. (OTC:
HMPQ) ("HempAmericana" or the "Company"), an emerging leader in the CBD
products market, is pleased to announce that the
Company has begun to substantially
increase its rate
of production of CBD-based products in response to stronger than
anticipated ecommerce demand following the full launch of its
online sales portal.
The Company is also excited to
report that, due to this strong market response,
HempAmericana
will be
upgrading
its
ecommerce
platform to
further amplify its digital presence
and drive further
growth in sales.
"We have seen a massive market
response as we ramp up our initial ecommerce distribution
activity,"
commented Salvadore Rosillo, CEO of HempAmericana.
"It's
working. And our number one concern is delivering shareholder
value, which means we are ready and willing to facilitate further
expansion through this channel."
The Company is also very
pleased to see powerful steps being taken by lawmakers now pushing
for US legalization of cannabis. The House Judiciary
Committee approved a Bill on Wednesday
that would
decriminalize marijuana at the federal level. The Marijuana
Opportunity Reinvestment and Expungement Act of 2019 (the "MORE
Act") passed by a wide margin, 24-10, with bipartisan
support.
The Company applauds this step,
which holds the potential to level the playing field for the
cannabis and hemp-related products marketplace, laying a foundation
whereby companies in these industries will be treated as
law-abiding citizens, gaining access to the infrastructural
resources that other industries take for granted, such as the
banking system.
Mr. Rosillo continued, "After
everything we've invested in this process, it's tremendous to see
the wheels in motion and product going out the door. The fact that
it's going out the door faster than we anticipated is a great
problem to have. And we know exactly how to deal with it. It's also
terrific to see the gradual and seemingly inexorable process of
full cannabis legalization in the US speed up a notch. We're very
excited about the opportunities that lie ahead."
About
HempAmericana, Inc.
HempAmericana
is an
emerging leader in the CBD products market. The Company
owns and
operates a
high-capacity, state-of-the-art CBD extraction and processing
facility located in Augusta, Maine. This facility is armed with a
supersized supercritical CO2 extraction system, centrifugal partition
chromatography refinement technology, and a mechanized
fully-automated CBD bottling system. The Company's CBD oil business
uses the brand designation, "Weed Got Oil". HempAmericana
also researches, develops, and sells
products made of industrial hemp, including a popular brand of
hemp rolling papers marketed under the brand name, "Rolling
Thunders".
See more at www.hempamericana.com.
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 obligaton 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.
Corporate
Contact:
HempAmericana.com
Salvador Rosillo
HempAmericana,
Inc.
Phone: (888)
977-7985
Press &
Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626) MJ-BRAND