Thursday, October 19, 2017 11:42:26 AM
NEW YORK, NY--(Marketwired - Oct 19, 2017) - HempAmericana, Inc. (OTC PINK: HMPQ) filed its financial statements this week for the quarter ending August 31, 2017. The company achieved many milestones during the quarter. It raised $320,000 from its Regulation A offering, placed a down payment on a 200-liter extraction machine (lease to own), and formed Hempwerk, Inc., the conduit for its Maine operations. Subsequent to the quarter's end, HMPQ raised an additional $200,000 from the Regulation A offering. As the company continues to seek expansion, it is still actively courting investors for its Regulation A offering, set to expire at the end of March 2018. The company also recently visited a pilot hemp farm in Goshen, NY as it hopes to eventually set up operations in New York State and is actively exploring opportunities for industrial hemp production and products.
"This is a critical time for our company as we prepare to ramp up production," said Salvador Rosillo, CEO of HMPQ. HempAmericana is currently setting up its operations in Maine and has begun test running its ten-liter CO2 extraction machine.
"Our research shows high demand for CBD oil and we intend to meet that demand," said Rosillo. HempWerk, Inc., HMPQ's first subsidiary, is based out of Maine and being led by an experienced CBD oil extractor. "We expect that HempWerk will be producing revenue by the end of this year."Let's get to a Penny for 30 Days,then OTCQB bound
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