New York, New York--(Newsfile Corp. - April 7, 2020) - HempAmericana, Inc. (OTC PINK: HMPQ) ("HempAmericana" or the "Company"), an emerging leader in the CBD products market, is pleased to provide shareholders with an update as the Company scales up its CBD-based product operations.
Salvador Rosillo, CEO of HempAmericana, commented, "After confronting a series of obstacles and falling behind our outlined schedule, we have mapped out a path to drive improved performance in the months ahead. We believe we will be able to mobilize multiple factors to boost our footprint in terms of potential customers we can reach, distribute to, and retain over time."
New initiatives underway at HempAmericana include:
Management notes that the Company will discuss these initiatives in greater detail in coming communications.
"We understand the terrain in this market probably a lot better than most of our competitors at this point because we have been through a battle to get to this point," continued Rosillo. "It hasn't been ideal. But that process has also equipped us with hard won knowledge capital while the long-term CBD growth thesis remains completely intact."
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. The Company's CBD oil business uses the brand designation, "CBD Oleum". 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 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.
Corporate Contact:
HempAmericana.com
Salvador Rosillo
HempAmericana, Inc.
Phone: (888) 977-7985
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