HempAmericana Inc (HMPQ)

[grizzlyman69]

HempAmericana Secures Initial Hemp Material with Potential CBD Oil Sales Yield of $20 Million Date: April 12, 2018
Symbol: HMPQ

New York, NY -- InvestorsHub NewsWire -- April 12, 2018 -- HempAmericana, Inc. (OTC: HMPQ) (“HempAmericana” or the “Company”) is excited to announce that the Company has now fully secured sufficient hemp input supplies to fuel extraction and processing operations at its state-of-the-art Augusta CBD Oil facility for 2018 CBD Oil production activity.

According to management, the Company has been working with farmers throughout the state of Maine to lock up sufficient supply material through existing farm capacity while avoiding initial overinvestment in pre-sale capital expenditures. Thus far, HempAmericana has guaranteed itself a minimum allocation of the yield from 85 acres of CBD-rich hemp.

The Company conservatively estimates 1 lb. per plant of flower for extraction, which suggests roughly 106,250 lbs. of input hemp stock for processing by this fall (or as much as $20M in total sellable CBD Oil production, according to current market pricing for 99%-pure high-potency CBD Oil products).

HempAmericana CEO, Salvador Rosillo, commented, “Having already locked up input materials to power operations this year is a big advantage at this stage. Going forward, we will be able to focus on perfecting the extraction process and fulfilling our promise of generating the new benchmark for high-quality, high-potency CBD Oil.”

The Company has been working with regional farmers over recent months, supplying them with seeds from CBD-rich strains in anticipation of locking in supply arrangements. Management notes that the Company will be testing finished stocks at harvest and purchasing at that time at market pricing minus cost of seeds.