Hemp Naturals, Inc. Enters Contract to Purchase 117 Acres of Organic Farmland in Maine
February 16 2021 - 8:00AM
InvestorsHub NewsWire
Miami Beach, FL -- February 16, 2021 -- InvestorsHub NewsWire --
Hemp Naturals, Inc. (OTC
PINK:HPMM) announced today that they have signed a contract to
buy farmland in Maine which will be used to grow hemp.
As the CBD market grows, Hemp Naturals continues to consider
measures to aid expansion of the company in accordance with our
shareholders best interests and our mission of improving the lives
of people in their communities through the availability of
high-quality CBD products.
The company plans to begin harvesting Hemp in June and expects
an average yield per acre of roughly 1,740 pounds of plants. Once
the flowers are dried, the weight is expected to reduce to
approximately 3/4 of the original yield or about 1,305 pounds per
acre.
“The sizable 117 acres of farmland will also position Hemp
Naturals for the potential federal legalization of cannabis. In
anticipation of possible favorable regulatory changes for cannabis
nationwide, the company continues to make strategic decisions, like
the purchasing of the farmland in Maine, to continue to build
shareholder value and position the company for the future.” noted
Levi Jacobson, CEO of Hemp Naturals, Inc.
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Cautionary Language Concerning Forward-Looking Statements:
This release contains "forward-looking statements" that include
information relating to future events and future financial and
operating performance. The words "may," "would," "will," "expect,"
"estimate," "can," "believe," "potential," and similar expressions
and variations thereof are intended to identify forward-looking
statements. Forward-looking statements should not be read as a
guarantee of future performance or results, and will not
necessarily be accurate indications of the times at, or by, which
that performance or those results will be achieved. Forward-looking
statements are based on information available at the time they are
made and/or management's good faith belief as of that time with
respect to future events and are subject to risks and uncertainties
that could cause actual performance or results to differ materially
from those expressed in or suggested by the forward-looking
statements. Important factors that could cause these differences
include, but are not limited to: fluctuations in demand for Hemp
Naturals products, the introduction of new products, the Company's
ability to maintain customer and strategic business relationships,
the impact of competitive products and pricing, growth in targeted
markets, the adequacy of the Company's liquidity and financial
strength to support its growth, and other information that may be
detailed from time-to-time in Hemp Naturals filings with the United
States Securities and Exchange Commission. Examples of such
forward-looking statements in this release include statements
regarding future sales, costs and market acceptance of products as
well as regulatory actions at the State or Federal level. For a
more detailed description of the risk factors and uncertainties
affecting Hemp Naturals please refer to the Company's Securities
and Exchange Commission filings, which are available at www.sec.gov. Hemp Naturals undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Investor Relations
Hemp Naturals, Inc.
info@hempofnaturals.com
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