Business
HempAmericana Announces Interview Ahead of Full-Scale CBD Oil Production Activity
HempAmericana Announces Interview Ahead of Full-Scale CBD Oil Production Activity.
About this update from Hemp Americana Inc
[{"type":"text","content":"\n\n 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.\n 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 re...