HempAmericana Gears Up for Booming Industrial Hemp Export Market
NEW YORK, NY--(CannaInvestor Newswire – April 16, 2018) - HempAmericana, Inc. (OTC: HMPQ) (“HempAmericana” or the “Company”) is excited to announce that it has begun to actively explore international distribution partnerships as the Company gears up to take advantage of booming global demand growth for Industrial Hemp. The move comes as the Company nears the imminent launch of full-scale production activity at its new, state-of-the-art Industrial Hemp extraction and processing facility in Augusta, Maine.
Management believes that one major factor driving accelerating demand for Industrial Hemp exports from N. America to large international markets is poor domestic production in countries like Germany. Because of slow legal progress, Germans plan to support one of the fastest growing consumption markets almost exclusively on imported Industrial Hemp. According recent press, the EU’s largest economy expects to rely on imports to meet hemp demand for at least another decade.
That represents an enormous opportunity for new producers like HempAmericana. Canadian Industrial Hemp producers have already seen this surge pay off, with exports rising by 300% last year alone, driven by expanding demand from Europe, Australia, and South America.
HempAmericana CEO, Salvador Rosillo, commented, “This is one of the reasons we have moved so rapidly to ramp up high-capacity production activities early this year. Domestic demand growth is booming, but so is the export potential. We plan to be a major player on both levels, and to be the market leader in potency and quality along the way.”
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