NEW YORK, NY / ACCESSWIRE / September 11, 2017 / HempAmericana, Inc. (OTC PINK: HMPQ) (the "Company") is excited to announce
that it has begun operations in Maine to extract 100% pure CBD Oil and produce a full spectrum of Supercritical CO2 Extracted CBD
Products involving no solvents and no added chemicals. The operations are pursuant to the execution of a Shareholder's Agreement
involving Hempwerk, Inc., the Company, and James Black, an expert and innovator in CBD oil extraction machinery with over a decade
of experience in the field.
The initial operation is slated to take the form of a 28,000-square foot primary "Zero Waste" facility set on 8 acres, which
will be in full operation by November 2017, with its initial 10L Supercritical CO2 extraction machine for CBD Oil extraction
along-side multiple machines used for the creation of Hemp plastics, Hemp building materials (such as Hemp fiber and Hemp wood),
Hemp fuel pellets (hemp pellets produce around 2% ash), and various other Hemp products. This operation has a multi-phase expansion
plan to scale up volume and capacity. Phase one of the expansion is expected to be in place by the beginning of Q1 2018 with the
delivery of its 500L Supercritical CO2 extraction machine and will represent a tremendous increase in the scope of production. The
Company will pride itself in using all of the Hemp for the variety of items it will produce essentially leaving Zero Waste behind
and being eco-friendly on all fronts.
"This partnership in Maine will take HempAmericana to new heights. We will be working around the clock to begin production on
all fronts by November and have a steady revenue stream from our Maine operation before the New Year," said Salvadore Rossillo,
CEO. "HempAmericana's new Zero Waste operation in Maine is only the beginning, with New York and Kentucky to follow."
The land involved in the operation is currently being farmed for rare seeds, but will be converted after this season and
dedicated for pure hemp extraction involving a premium hemp strain. This presents an early and potentially lucrative co-product
opportunity during the transitional phase, given the extraordinarily high margins involved in rare seed production.
To jump start the scaling process, the primary facility has been designed to accommodate outsourcing by other regional
landowners, allowing the Company to act as a "co-packer," which can bring in anywhere from 3 to 10 million dollars in revenue
during this scaling process. The initial scope of production is anticipated to be in the 200-acre range. But this is slated for
broad expansion as the operation further scales up, with the potential to reportedly grow into thousands of acres of production
area over time.
That is expected to lay the groundwork for a "toll processing" model of distribution: the Company produces the raw goods and
partners with a diverse downstream branding chain to take the product to consumers, with royalty revenues flowing back to the
Company and its shareholders as more and more local and regional farms participate in capturing the margins involved in the
high-quality CBD product marketplace. Management anticipates this model to reduce the expenses and operational burden related to
marketing, thus freeing the Company up to aggressively focus on its goal: maximizing the efficiency involved in extracting only the
highest quality CBD oil, with no solvents and no chemicals, and eventually emerging as a market leader in the production of
supercritical CO2 extracted CBD products.
The industry's projected growth is a compound annual growth rate (CAGR) of 8.2% through year 2020. Hemp is becoming one of the
most sought after raw materials. According to "Global Natural Fiber Composite Market 2015-2020: Trends, Forecast, and Opportunity
Analysis," the demand for more eco-friendly materials from the construction and automotive industries, specifically, has created
the surge. DEFRA (Department of Environment Food & Rural Affairs) reported, "Almost 1.5 million vehicles included applications for
natural fibers such as kenaf, jute, flax, hemp, and sisal in combination with thermoplastic polymers such as polypropylene and
polyester. The demand for natural fiber composites in North America is projected to continuously increase in the near future on
account of significant performance at lower prices of natural fiber composites in automotive and construction applications driven
by regulatory standards recommending the use of lightweight and recyclable materials."
About:
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
http://www.HempAmericana.net.
Safe Harbor:
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.
Contact:
Pierre Petard 888 977 7985 info@hempamericana.net
SOURCE: HempAmericana, Inc.
