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HempAmericana Commences Full-Scale Production with Significant Purchase Order for CBD Distillate
NEW YORK, Jan. 22, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – HempAmericana, Inc. (OTC: HMPQ) (“HempAmericana” or the “Company”) is pleased to announce a significant Purchase Order for CBD Distillate from a major manufacturer and wholesaler of high-quality private label CBD products located on the West Coast.
The order comes from a large bulk and wholesale supplier and distributor of zero-THC full spectrum hemp oil, hemp derived pure CBD, organic CBD, full spectrum CBD oil, full-flower fully-legal CBD, hemp CBD oils, CBD powders, CBD gel capsules, water soluble nano CBD, CBD concentrates, CBD e-liquids, CBD crystals, bulk CBD, and wholesale CBD raw materials. The Company anticipates total revenues from this one order to potentially exceed $2 million.
CEO, Salvador Rosillo stated, “This is likely just the tip of the iceberg as we hit our stride and start to book initial sales. Demand growth in the CBD space continues to trump rising expectations at every turn, helped along by the historic 2018 Farm Bill last month. We are ready to start pumping out product around the clock to cash in on the time, energy, and capital invested over the past two years in what we believe to be one of the finest high-capacity CBD production operations on the planet right now.”
Management also notes that the Company has received and installed the final piece of equipment for capacity expansion at its state-of-the-art extraction and production facility in Augusta, Maine, and full-scale production is now set to commence.
In addition, after filling a series of new purchase orders, the Company will begin to bottle and distribute its own branded CBD products following installation of its new specialized bottling machine, which will arrive on site in Augusta this week.
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. HempAmericana also owns and operates Union Farm, a high-potency CBD strain development facility located in Union, Maine. 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 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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