HempAmericana Inc (HMPQ)

[Brucebannerr]

From sept.14th
total 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 C02 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.


Nov. 7th press release

The Company has made a deposit on the new 200-liter Supercritical C02 Extracting machine and expects to have it built and delivered sixty (60) days after the company pays fifty percent (50%) of the agreed-upon purchase price. At that time, the manufacturer and the Company, per agreement, will proceed with a 12-month financing plan to service the remaining balance. The Company anticipates taking delivery of the machine by Q1 2018.