HempAmericana Inc (HMPQ)

[stockscamalerter]

https://www.sec.gov/Archives/edgar/data/1602929/000168316819000661/hemp_1a-poc.htm

Page 25

"The Company was named as a defendant, together with the Company’s sole director and two officers, in New York Supreme Court, which alleged claims, among other things, of breach of contract and fraud. While the Company disclaims any and all liability, under a confidential settlement agreement, the Company must pay the plaintiffs $100,000 on or before August 31, 2019 and a confession of judgement guarantees such payment. While the Company hopes to be producing revenue sufficient to satisfy this settlement, it is possible that the Company will need to use proceeds from this Offering to honor this obligation."