NEW YORK, Oct. 31, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- HempAmericana, Inc. (HMPQ) (“HempAmericana” or the “Company”) is excited to announce that the Company is about to take delivery of the final two pieces of equipment necessary to complete its full production line. The Company has already been producing crude CBD. The installation of this new equipment will enable the Company to shift to production and bottling of refined, high-potency CBD Oil for immediate distribution and sale.
Salvador Rosillo, HempAmericana CEO, commented, “We are now ready to put the final pieces into place in terms of our in-house production equipment. We are already up and running, and now we will have the capability to produce the highest-quality CBD product on the market.”
The Company is expecting delivery in November of two important pieces of machinery that, when added to its pre-existing production line equipment, will add up to a fully-automated extraction, production, refinement, distillation, bottling, and white-labeling system at its 17,000 sq. ft facility in Augusta, Maine. The final two pieces of this production line include a Falling Film Distillation System and an automated Bottling Machine for white-labelling the premium refined oil output.
The Falling Film Distillation System uses state-of-the-art vaporization and condensation technology to refine the crude CBD input, removing all impurities. The result is a distillate with a level of premium refinement that management believes will be unsurpassed in terms of quality in the CBD marketplace today.
In addition, the Company will be taking delivery of a premium-grade high-capacity automated bottling machine for bottling and white-labelling the output refined CBD Oil.
Mr. Rosillo continued, “As the CBD Oil market has developed, bottled liquid CBD Oil has been a cornerstone of product sales. Amazon.com sells hundreds of thousands of bottles of CBD Oil, and that’s just a drop in the ocean when you take into account other major outlets at the large-scale and niche levels throughout North America and the world. This remains one of the highest-margin and fastest growing product segments on planet Earth right now, and we are thrilled about being on the doorstep to monetizing the investment we have made over the past two years.”
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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