Business
CORRECTION: HempAmericana, Inc. Announces Strategic Partnerships
CORRECTION: HempAmericana, Inc. Announces Strategic Partnerships.
About this update from Hemp Americana Inc
[{"type":"text","content":"In the news release, \"HempAmericana, Inc. Signs Strategic Partnerships,\" issued August 16, 2017 by HempAmericana, Inc. (OTC PINK: HMPQ), we are advised by the company that the previously furnished press release contained incorrect information in the headline & first paragraph. The headline previously said, \"HempAmericana, Inc. SIGNS Strategic Partnership\" and has now been changed to \"HempAmericana, Inc. ANNOUNCES Strategic Partnership.\" The first paragraph previous said, \"...announced today that it has signed two major strategic partnerships with companies in Maine and New York\" and has now been changed to \"...announced today it is finalizing negotiations for two major strategic partnerships with companies in Maine and New York.\"NEW YORK, NY / ACCESSWIRE / August 16, 2017 / HempAmericana, Inc. (OTC PINK: HMPQ) researcher, developer, and wholesaler of industrial hemp products and imminent market share leader in the CBD oil market announced today it is finalizing negotiations for two major strategic partnerships with companies in Maine and New York.The Maine partnership will develop a unique CO2, supercritical, low temperature, super fluid oxygen extraction machine. The partnership will invest hundreds of thousands in the new one-of-a-kind extraction machine that will have a 200+ liter capacity.The New York partnership will consist of 650 acres of land for growing hemp, with two acres already planted. The property also includes a 50,000 square foot facility in which HempAmericana will operate an onsite extraction lab.\"The CBD market is a $130 million market and growing fast, there currently is a tremendous backlog of demand as oppose to production,\" states Company CEO, Salvador Rosillo. \"We're lowering our cost and increasing margins by shifting production from international to domestic. We plan on capturing a significant market share of the extraction business by scaling our extraction lab model to all 50 states and making them accessible to domestic and international companies.\"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 now plans to become a leader in the CBD oil market by establishing a laboratory for the extraction and research of th...