NEW YORK, Nov. 12, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – HempAmericana, Inc. (HMPQ) (“HempAmericana” or the “Company”) is excited to announce that it has begun processing 4,100 lbs of in-house Hemp Flower inventory at its primary extraction and processing facility in Augusta, Maine.
This initial production phase will output a high-quality raw biomass to be stored in cryo-freezers installed at the facility. As previously stated in the Press Release dated October 31, 2018, two final pieces of refining equipment are scheduled to arrive later this month that, when installed and activated, will convert the stored high-quality biomass into a fully refined CBD distillate, ideal for use in manufacturing CBD products such as oil tinctures, capsules, and vapes.
CEO, Salvatore Rosillo stated, “It’s very gratifying to now have the team in place, the equipment fully up and running, and the raw flower finally being pushed through this state-of-the-art facility. I couldn’t be more proud of our guys. The scale and complexity of what we have accomplished here over the past two years cannot be overstated.”
The initial ramping-up process will be managed according to best-practice protocols. During this initial stage, the facility will be run with single-shift manpower and 33% processing capacity (relative to maximum potential capacity for the supercritical CO2 extraction machine). This will provide for a standard “working out the kinks” phase, during which the production team will become fully acquainted with all elements of operation and workflow through a series of production cycles, and management will be able to review and optimize the process.
The Company will then consult with technical experts from the machine manufacturer, who will aid in scaling up production to full capacity.
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 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 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.
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