NEW YORK, NY--(Marketwired - Sep 7, 2017) - HempAmericana, Inc. (OTC: HMPQ) recently announced that it had received approval for financing related to the acquisition of a second CBD Oil extraction machine. During his Q&A with CANNAINVESTOR Magazine, CEO Salvadore Rossillo discusses the finalization of this approval and its implications regarding the company's expected rapidly increasing footprint on the CBD market. With this machine installed at the new facility, the company's productive capacity will support a major expansion as the company scales.
As previously referenced, 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, representing a powerful jump in value compared to last year's CBD market of $202 million. The report continues to paint an even more bullish picture, projecting a $3 billion CBD market by 2021.
HempAmericana, Inc. will be the featured cover of CANNAINVESTOR Magazine with a 24-page company profile. You can read the latest issue this afternoon of CANNAINVESTOR Magazine here: http://cannainvestormag.com. Following the release of the August/September edition of CANNAINVESTOR Magazine, HempAmericana, Inc. will be a featured 24-page spread in CANNAINVESTORS HUB Magazine http://joom.ag/k4bL to be released this Friday, September 8th, 2017. In addition, HempAmericana, Inc. will present on the Company's recent activities on the CANNAINVESTOR Webcast (www.cannawebcast.com) on Thursday, September 14, 2017, at 4 PM EDT. "I am very excited to be able to share the success of our company with such a wide audience such as Cannabis Investor Magazine and Canna Investors Hub Magazine. Being able to vocalize our achievements, contracts and success is what is most important to our shareholders," said CEO Salvadore Rossillo.
About CANNAINVESTOR Magazine:
CANNAINVESTOR Magazine is a monthly subscription based digital magazine with an exclusive focus on Cannabis finance that delivers convenient insights on publicly-traded and privately-held cannabis companies through informative articles, company profiles, and market trends that inform and educate investors; attracting inquisitive, highly engaged digital audiences around the globe.
About CANNAINVESTOR Webcast:
The CANNAINVESTOR Webcast is held online monthly. The webcast will include 45-minute live presentations and Q&A by senior executives of privately-held and publicly-traded industry companies. The webcast increases presenting companies, international and domestic exposure to individual investors, institutional investors, analysts, media, and consumers. In addition, the webcast gives the audience a convenient and inexpensive way to research privately-held and publicly-traded industry companies. Please visit www.cannawebcast.com for more information.
InvestorsHub is a leading online investment community website built to provide a forum for serious investors to gather and share market insights in a dynamic environment using an advanced discussion platform. The site is designed to be clean and simple, allowing you to get the real-time market information you need, quickly and easily. The site has 2.4 million unique visitors per month generating 65 million monthly page impressions.
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 now plans to become a leader in the CBD oil market by establishing a laboratory 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 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.