HempAmericana, Inc. (HMPQ)
Closes on Strategic Partnership
HempAmericana Expands Operations In
Maine With A Zero Waste Facility That Will Bring Value To Its
Shareholders
NEW YORK, NY-- (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 C02 Extracted CBD Products involving no
solvents and no added chemicals. The operations are pursuant to the
execution of a Shareholders 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 represent a tremendous increase in the scope of production. The
company will pride its self 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 steam from our
Maine operation before the New Year, said Salvadore Rossillo, CEO.
HempAmericanas 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 good 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 industrys 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 ecofriendly 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.