Business
CORRECTING and REPLACING – HempAmericana CEO Issues Letter on Shift to Commercial-Stage Operations
CORRECTING and REPLACING – HempAmericana CEO Issues Letter on Shift to Commercial-Stage Operations.
About this update from Hemp Americana Inc
[{"type":"text","content":"\nNEW YORK, Sept. 10, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) CEO issues the following letter to Shareholders:\n Dear Valued Shareholder, Last week, we put out a press release that represented, for myself and my team, truly the most exciting moment in the history of HempAmericana – exciting because of all the hurdles we have overcome during the past year, exciting because of the power and scale of the opportunity that lies in front of us, exciting because we have made it to the edge of commercial operations with such a tremendous set of ingredients in place in terms of balance sheet health, a top-tier team, and a best-in-class production facility. For a little background, our first zero-waste extraction and production facility – located in Augusta, Maine – has been constructed from the ground up to give HempAmericana a genuine marketplace advantage. We have installed and engaged market-leading technology designed to maximize the purity and potency of extracted cannabidiol, including a Vitalis RL-245 high-capacity supercritical CO2 CBD Oil extraction machine, a Gilson CPC 1000 centrifugal partition chromatography separator system, and a PLC 2500 HPLC+UV Detector system. This equipment, together, represents a next-generation extraction and processing system capable of producing 99% pure CBD Oil concentrate in scalable quantities. In other words, right now at HempAmericana, we just “switched on” one of the most advanced high-capacity CBD Oil extraction and production facilities in the Eastern US market. And we have begun to process our initial stock of 4,000 lbs of premium-grade hemp flower. As we begin to fully-engage commercial stage operations, we will have a number of very exciting new announcements to come. Also, we will be expanding the HempAmericana brand and organization into other hemp-related ventures. And we look forward to discussing those plans in greater detail in upcoming communications. In addition, as we have previously discussed, our Augusta facility has been established as a pilot program to serve as the basis for establishing several other zero-waste CBD extraction and production facilities as soon as this initial facility has been producing at full-scale for its initial period with a stabl...