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NEW YORK, May 17, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire – HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is excited to announce that it is in the final testing stage of specialized bottling equipment installation at its new fully operational state-of-the-art CBD Oil extraction and production facility in Augusta, Maine.
The Company’s new hi-technology bottling system has been designed and constructed to rapidly fill and cap a generic CBD Oil product. With testing now effectively complete, management anticipates that the device will be delivered, installed, and fully operational within 90 days.
In addition, further to its release of May 10, 2018, wherein the Company announced the imminent commencement of activities associated with the production of 99% pure CBD Isolate, HempAmericana now reports that it is in talks with potential bottle distribution partners and plans to use its primary processing and extraction facility in Maine as a production hub for refined CBD Oil products available for distribution under brand designations associated with its contracted customers.
CEO Salvador Rosillo stated, “We are extremely excited to kick the second phase of production into gear and expect this critical new equipment to act as the final piece of the puzzle, connecting us to our partners, clients, and customer base.”
As previously announced, the Company has already acquired an initial supply of 4,000 lbs of high-quality hemp flower for processing, and expects revenues from this initial supply in excess of $1mm over the near term, with late-stage negotiations nearly complete for ample additional supply to fuel continued production through year-end.
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
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