HempAmericana, Inc. (OTC: HMPQ) Begins Building CBD Oil Extraction Laboratory
January 30 2017 - 12:00PM
InvestorsHub NewsWire
New York, NY -- January 30, 2017 -- InvestorsHub
NewsWire -- HempAmericana, Inc. (OTC:
HMPQ) is pleased to announce its first foray into the
Cannabinoids (CBD's) oil
extraction business. A Section 3(a)(10) of the Securities Act of
1933 transaction with an institutional investor valued at
approximately $265,000 allowed HempAmericana to acquire an
extraction system from Infinity Supercritical LLC. On the eve of
its transaction with Blackbridge Capital (who is committing up to
$20 Million Dollars in a Tier-I Reg A+ financing), the Company is
now poised to explore CBD oils contained in hemp
plants.
“Our deal with Infinity Supercritical is our
first step towards building an extraction laboratory,” said
Salvador Rosillo, CEO of HempAmericana, Inc. “HempAmericana
plans to be a leader in the industrial exploration of the over ten
types of oil contained in the hemp plant.”
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 now plans to
become a leader in the CBD oil market by establishing a laboratory
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.com
and http://wwwHempAmericana.net.
The Company chose Infinity Supercritical because
its CO2 technology is food safe, byproduct-free and environmentally
friendly, which can help HempAmericana develop research for the
many health benefits of CBDs. CBD's by
themselves are not psychoactive like the component THC which is
found in Cannabis, and is used for medical marijuana. The extracted
oil, amongst other uses, can be used for food additives, cosmetics
and medical uses.
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 HempAmericana’s 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.
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