NEW YORK, NY / ACCESSWIRE / August 16, 2017 / HempAmericana, Inc. (OTC PINK: HMPQ), researcher, developer, and wholesaler of industrial hemp products and imminent market share leader in the CBD oil market, announced today that it has signed two major strategic partnerships with companies in Maine and New York.
The Maine partnership will develop a unique CO2, supercritical, low temperature, super fluid oxygen extraction machine. The partnership will invest hundreds of thousands in the new one-of-a-kind extraction machine that will have a 200+ liter capacity.
The New York partnership will consist of 650 acres of land for growing hemp, with two acres already planted. The property also includes a 50,000 square foot facility in which HempAmericana will operate an onsite extraction lab.
“The CBD market is a $130 million market and growing fast, there currently is a tremendous backlog of demand as oppose to production,” states Company CEO, Salvador Rosillo. “We’re lowering our cost and increasing margins by shifting production from international to domestic. We plan on capturing a significant market share of the extraction business by scaling our extraction lab model to all 50 states and making them accessible to domestic and international companies.”
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.
SOURCE: HempAmericana, Inc.