NEW YORK, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or
the “Company”) is excited to announce a new interview with Company CEO, Salvador Rosillo, from Uptick Newswire. The full audio
interview can be accessed by clicking here.
In the interview, Mr. Rosillo focused primarily on the Company’s pivot into the explosive CBD oil extraction and production
market segment – now widely anticipated to be the fastest growing segment of the larger cannabis market space.
Mr. Rosillo notes that the Company has purchased a 200-Liter Supercritical CO2 CBD Extraction machine from Vitalis Extraction in
Vancouver, BC, Canada -- "the biggest extraction machine they ever made." He also notes that the Company now has a total of 210
liters of extracting capacity, and that all of this is fully paid-off. In fact, the Company now has no equipment debt at all.
According to Mr. Rosillo, full-scale CBD Oil production could start as early as March of this year at “the biggest such
enterprise east of the Mississippi.”
As noted in the interview, the Company is also moving to align and expand operations to streamline supply chain logistics for
the new extraction and production facility. Namely, HempAmericana is also planning on acquiring a decorticating machine for
processing raw hemp as well as a farm for the establishment of greenhouses for the cultivation of CBD-rich strains of seeds to
facilitate a “symbiotic relationship” with the Company’s key supply farms in the region.
Mr. Rosillo also addressed the flagging of HMPQ shares by the OTC Markets Group for unusual trading activity recently. He notes
that the Company has no knowledge of why the Caveat Emptor designation was placed on the stock other than unusual liquidity and
trading activity. He continues to note that the OTC generally leaves this in place for 30 days. “Our Company is not a pump and dump
company. We have real assets. We have no debt. Everything is paid. I wonder how many of those companies out there can say
that!”
Mr. Rosillo concluded by reiterating that the high-capacity Augusta, Maine plant is “a pilot plant… to iron out the kinks.” The
Company plans to establish additional CBD Oil extraction and production facilities in other regions to expand operations over
time.
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 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.
Contact:
HempAmericana.net
Salvador Rosillo
HempAmericana, Inc.
Phone: (888) 977-7985
