$HMPQ purchase price of the machine was $672,000 and has been purchased under conventional bank financing. HempAmericana, Inc. placed 20% down on the 200L Supercritical CO2 Extractor and the remainder of the purchase will be handled as a self-liquidating liability given the high expected pace of returns and the remarkable demand already coming in from local landowners. In fact, the Company has reportedly already received requests from surrounding farms to process over 100,000 acres of land once the machine is online in November. NEW YORK, NY--(Marketwired - Sep 14, 2017) - HempAmericana, Inc. ( OTC : HMPQ ) is pleased to announce the purchase of a new 200-liter Supercritical CO2 Extractor machine as a critical step in the Company's planned ramping of new operations at its Maine facility. The purchase is part of the Company's strong multi-million dollar initiative as it assumes an emerging leadership role in the high-capacity production of supercritical CO2 extracted CBD products. The Company has purchased this machine under conventional bank financing.
