HempAmericana Inc (HMPQ)

[Bearlove]

HempAmericana Files Permits for Licensed Grower Status

SOURCE: https://www.dailymarijuanaobserver.com/single-post/2018/04/05/HMPQ-HempAmericana-Files-Permits-for-Licensed-Grower-Status

NEW YORK, April 05, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is excited to announce that the Company has filed permits to become a licensed grower in the great State of Maine. The Company is scheduled to close on a property tailored to cultivation of genetically superior CBD-rich hemp stock for its extraction, processing, and production operations based in nearby Augusta, Maine. Locking in permits now will allow for timely ramping of full-scale CBD Oil production this quarter.



Management believes this is a significant step toward verticalization, eastern US market dominance, and security of future top-line results.



HempAmericana CEO, Salvador Rosillo, commented, “We are extremely excited and we are set to close on the farm property imminently, and getting the permits lined up will protect our forward projections on posting initial sales through our established distribution footprint. The CBD Oil market is really the place to be. Tremendous growth is underway and we are now finally in a position to position ourselves as market leaders in purity, potency, and yield.”



The Company is now projecting that full-scale production will be underway later this fiscal quarter at its state-of-the-art high-capacity extraction and processing facility in Augusta. The plant features a Vitalis R-200 supercritical CO2 CBD Oil Extraction machine on-site working in tandem with a Gilson CPC 1000 centrifugal partition chromatography separator system with a PLC 2500 HPLC+UV Detector – a next-generation processing system capable of producing 99% pure CBD Oil concentrate in scalable quantities.



In addition, the Company has already purchased a specialized seed inventory scaled to yield approximately 10,000 Hemp plants set to be cultivated on its new high-potency seed development farm. This facility has been designated as the home base for the Company’s cross-pollination operations as it strives to cultivate unmatched potency in its CBD Oil production.



Critically, all features of the operation – the extraction and processing facility, the next-generation equipment, the high-potency cultivation facility, and the specialized seed stock – have been tapped by the Company with no residual increase in debt or dilution risk. HNPQ "ROCKET TIME"

SOON

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 made of industrial hemp. See more at http://www.HempAmericana.net.