NEW YORK, July 01, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – HempAmericana, Inc. (HMPQ) (“HempAmericana” or the “Company”), an emerging leader in the CBD products market, is excited to announce the purchase and imminent delivery of a 100-liter solvent recovery system, the Ecochyll X7 High Speed Evaporator, that represents a 400% increase in evaporative capacity for the Company’s production line technology. The move comes as the Company kicks off its principal commercial distribution operations.
“Proper Solvent Recovery is one of the most important keys to increasing margins in CBD production because it not only removes the ethanol from the process prior to distillation, but recovers it for future use,” noted HMPQ CEO, Salvador Rosillo.
Management notes that chemical solvents (such as butane, hexane, ethanol, propane, and isopropyl alcohol, all used in cannabis extraction processes) can be prohibitively expensive, making solvent cost a major factor determining long-term viability in the CBD production space. The Company’s investment in a top-tier high-capacity solvent recovery system should pay for itself in the near term and then to positively impact HempAmericana’s margins for years to come, further entrenching the Company as an emerging Company in the rapidly growing CBD marketplace.
The machine, purchased from ECODYST, a premier manufacturer of Solvent systems, is currently in the manufacturers production queue and is expected to arrive at HempAmericana’s CBD extraction and production facility in Augusta, Maine, in the coming weeks. Representatives from the manufacturer will aid in installation and on-boarding of the machine, and the Company anticipates a prompt integration of the new technology into operations.
Mr. Rosillo stated, “This machine is the punctuation mark on the production line we have assembled, and will play a significant role in driving bottom-line profitability in the quarters ahead. The timing couldn’t be better, as we get set to begin commercial distribution just as the new Cannabidiol and Marijuana Research Expansion Act picks up steam in the US Senate, shining an even brighter spotlight on the shining gem that is the CBD market in America.”
About HempAmericana, Inc.
HempAmericana is an emerging leader in the CBD products market. The Company owns and operates a high-capacity, state-of-the-art CBD extraction and processing facility located in Augusta, Maine. This facility is armed with a supersized supercritical CO2 extraction system, centrifugal partition chromatography refinement technology, and a mechanized fully-automated CBD bottling system. Hemp The Company’s CBD oil business uses the brand designation, “Weed Got Oil”. HempAmericana also researches, develops, and sells products made of industrial hemp, including a popular brand of hemp rolling papers marketed under the brand name, “Rolling Thunders”. See more at www.hempamericana.com.
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 obligaton 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.
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