HMPQ NEW YORK, Jan. 25, 2018 (GLOBE NEWSWIRE) --
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Posted On: 01/25/2018 8:19:51 AM
HMPQ
NEW YORK, Jan. 25, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- HempAmericana, Inc. (HMPQ) (“HempAmericana” or the “Company”) is excited to update the Company’s progress on what is poised to become one of the most advanced high-capacity CBD oil extraction facilities in operation today. Equipment is expected to arrive at the site at 360 Civic Center Drive in Augusta, Maine, within the next two weeks.
The Company is working with A.E. Hodsdon Engineers, a best-in-class engineering firm with clients spanning the New England region and a 40-year history of success. As noted in prior releases, the Company is also working closely with James Black, an expert and innovator in CBD oil extraction machinery with over a decade of experience in the field.
AE Hodsdon Engineers will be preparing the final, stamped drawings with details in the next couple of weeks. The team will be commencing work on the site imminently, beginning with the laboratory area first, which has been planned out as a noise-insulated, Duraclad-sheathed isolated chamber with 10-ft high ceilings.
The principal extraction equipment at the facility will be the Company’s current 10-Liter machine as well as its new 200-Liter behemoth, designed to output more capacity than any extant Supercritical CO2 CBD extraction machine ever assembled by the manufacturer.
With the market for CBD-oil products poised to grow by as much as 700% over the next two years (according to recent research reported in Forbes Magazine), management believes the Augusta facility will be coming online and churning out high-capacity production precisely on schedule to maximize ROI on investment in the project.
Salvador Rosillo, HempAmericana CEO, stated, “These are very excited times and we are very positive about the launch of our production”.
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.
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.
Contact:
HempAmericana.net
Salvador Rosillo
HempAmericana, Inc.
Phone: (888) 977-7985
NEW YORK, Jan. 25, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- HempAmericana, Inc. (HMPQ) (“HempAmericana” or the “Company”) is excited to update the Company’s progress on what is poised to become one of the most advanced high-capacity CBD oil extraction facilities in operation today. Equipment is expected to arrive at the site at 360 Civic Center Drive in Augusta, Maine, within the next two weeks.
The Company is working with A.E. Hodsdon Engineers, a best-in-class engineering firm with clients spanning the New England region and a 40-year history of success. As noted in prior releases, the Company is also working closely with James Black, an expert and innovator in CBD oil extraction machinery with over a decade of experience in the field.
AE Hodsdon Engineers will be preparing the final, stamped drawings with details in the next couple of weeks. The team will be commencing work on the site imminently, beginning with the laboratory area first, which has been planned out as a noise-insulated, Duraclad-sheathed isolated chamber with 10-ft high ceilings.
The principal extraction equipment at the facility will be the Company’s current 10-Liter machine as well as its new 200-Liter behemoth, designed to output more capacity than any extant Supercritical CO2 CBD extraction machine ever assembled by the manufacturer.
With the market for CBD-oil products poised to grow by as much as 700% over the next two years (according to recent research reported in Forbes Magazine), management believes the Augusta facility will be coming online and churning out high-capacity production precisely on schedule to maximize ROI on investment in the project.
Salvador Rosillo, HempAmericana CEO, stated, “These are very excited times and we are very positive about the launch of our production”.
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.
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.
Contact:
HempAmericana.net
Salvador Rosillo
HempAmericana, Inc.
Phone: (888) 977-7985
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