Business
HempAmericana Announces Substantial Purchase Order Agreement and New Supplier Relationship with Eagle Hemp
HempAmericana Announces Substantial Purchase Order Agreement and New Supplier Relationship with Eagle Hemp.
About this update from Hemp Americana Inc
[{"type":"text","content":"\nNEW YORK, June 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – HempAmericana, Inc. (OTC: HMPQ) (“HempAmericana” or the “Company”), an emerging leader in the CBD products market, is thrilled to announce a new Purchase Order (“PO”) with Eagle Hemp of Florida (“Eagle Hemp”) for more than $175,500.00 for delivery of bottled CBD Oil, with additional orders to come as part of an unbounded long-term supply relationship.\n “The CBD market is in an accelerating boom, and we have a state-of-the-art high-capacity extraction and production facility armed to the teeth to meet that opportunity head on,” noted Salvador Rosillo, CEO of HMPQ. “With this agreement, we nailed down a very strong deal with a tremendous customer who is emerging as a key player in a red hot market.” Eagle Hemp will finance all shipping, labeling, and bottling costs in addition to purchasing the final product at competitive pricing. HempAmericana will receive a three-dollar ($3) fee for bottling the finished product using its state-of-the-art technology. The 30 ml bottles will contain three different potencies of CBD suspended in an MCT-based oil. Management believes the agreement represents a strong template for dramatic sales growth in a manner that will confer powerful shareholder value on the bottom line over coming quarters provided the fundamental CBD market growth equation continues to evolve on course with established projections – analysts now anticipate the collective market for CBD sales to exceed $20 billion in the US over the next 5 years (according to recent data from BDS Analytics and Arcview Market Research). Mr. Rosillo continued, “We will provide Eagle Hemp with batch numbers and certification that our end product complies with federal regulatory statutes as part of this arrangement. As a result, we anticipate a great deal of future high-volume demand to come from this and many other customers seeking premium high-potency bottled CBD Oil that meets blue-chip standards for customer satisfaction and regulatory compliance.” 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 ar...