HempAmericana Commences
CBD Production, Projects to Exceed initial $1mm in
Revenue
New York, NY
-- May 10, 2018 -- InvestorsHub NewsWire
-- HempAmericana, Inc. (OTC:
HMPQ) ("HempAmericana" or the
"Company") is excited to announce that
it
has
acquired
4,000 lbs of high-quality Hemp Flower
for processing at
its new fully operational state-of-the-art
CBD Oil
extraction and
production facility in Augusta,
Maine. The
Company expects the revenue in excess
of $1mm from
the 4k lbs..
Management now anticipates
an imminent
commencement of production activity. The company plans
to use this
initial 4,000 lbs of high-quality Hemp
Flower as its initial production run for
the Vitalis RL-245 high-capacity supercritical CO2
CBD Oil extraction machine (installed at the facility in
April). The
principal output will be CBD Isolate (cannabidiol in its purest form
possible).
The CBD isolate
extraction process begins with the production of
a botanical
concentrate comprised of elements including
the base cannabinoid foundation, along with other
ingredients including lipids and organics from the hemp
plant. The next step is to further purify
this compound to remove essentially everything but the CBD through
a proprietary process. The result is an isolate powder
comprised of
99% pure
Cannabidiol.
HempAmericana
CEO, Salvador Rosillo, commented, "We are very grateful to our
committed team and stakeholders for their support, patience, and
vision over the past year. With the installation of key capital
equipment at the Augusta facility and our new acquisition of top-tier
hemp flower input for production activity, we are finally ready to
do what we came here to do: make high quality CBD
product for
entry into this growing market, make it efficiently, and
establish a high standard for a market that is
still in its early stage of
development."
The Company is currently in late stage
negations to secure an ample supply
of follow-on
product
of blue-chip hemp
flower for late 2018 production, as noted in its release
of
April
23,
2018.
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 mad 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
Contact:
HempAmericana.net
Salvador
Rosillo
HempAmericana,
Inc.
Phone: (888)
977-7985