HempAmerican's co2 Extraction Machine Fully Paid
April 04 2017 - 3:03PM
InvestorsHub NewsWire
New York, NY -- April 4, 2017 -- InvestorsHub
NewsWire -- HempAmericana, Inc. (OTC:
HMPQ) is
pleased to announce that the dilution pursuant to the asset
purchase agreement has ended and the Company’s extraction machine
is fully paid-for and ready to be monetized. Shares were
previously issued to settle the outstanding liability for the
purchase of the industrial CBD oil extractor. Management is
in discussion with global players in the industrial hemp space and
anticipates generating revenue and delivering value to shareholders
by the end of fiscal year 2017.
“This is a very exciting time for
HempAmericana. Now that the extraction machine is fully
paid-for, we look forward to partnering with our strategic
investors to continue growth and become a world class provider of
CBD products,” said Salvador Rosillo, CEO of HempAmericana.
“The extraction machine is capable of processing 10 liters
volume of material every two hours. We predict that this
could generate revenue of up to $20,000 a week. Our next step will
be to expand the machine to process 100 liters every two
hours.”
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 and filings made at SEC.gov 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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