NEW YORK, NY--(Marketwired - Aug 29, 2017) - HempAmericana, Inc. (
HempAmericana, Inc. (HMPQ) has been strongly negotiating and nearing the completion of ground breaking contracts for CBD Oil extraction and the expansion into dozens of new Hemp products in New York, Maine and Kentucky. With its first major contract announcement days away, HMPQ must prepare for a growth rate of over 100% on the short term. Such growth rate includes the purchase of this new extraction machine that will increase productivity greatly.
Salvadore Rossillo, CEO states, "this has been our strategy all along, we want multiple machines in operation while we become a dominate player in the CBD Oil space" he further stated, "we've visited many sites recently and this 2 nd purchase will be placed in one of them which we shall be announcing to our shareholders in the coming days."
The cannabidiol (CBD) market is estimated to grow by 700% by 2020, according to Forbes. A new report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020, an astronomical jump in value compared to last year's CBD market of $202 million and is even more bullish and projects a $3 billion CBD market by 2021! CBD is one of the more than 85 cannabinoids so far identified in marijuana and hemp. Unlike the better-known compound tetrahydrocannabinol (THC), CBD is not psychoactive, meaning it won't cause a high. Thousands of studies have shown that CBD possesses an array of therapeutic benefits, including antioxidant and neuroprotective properties.
About: 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 .
Safe Harbor: Safe Harbor Provision Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Hemp Americana annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.
Pierre Petard 888 977 7985 info@hempamericana.net
