Business
HempAmericana Commences Distributor Agreement Negotiations with Major CBD Oil Distributors
HempAmericana Commences Distributor Agreement Negotiations with Major CBD Oil Distributors.
About this update from Hemp Americana Inc
[{"type":"text","content":"\n\n NEW YORK, Dec. 11, 2017 (GLOBE NEWSWIRE) -- HempAmericana, Inc. (OTC:HMPQ) (the “Company”) is excited to announce it has begun negotiations with high-volume CBD Oil distributors around the country. The company is locking up a distributor network in advance of moving into full production at its Augusta, Maine location in Q1 2018.\n CEO Salvadore Rosillo stated, “Distributor networks are paramount to our success. While our focus has been to establish a world class extraction facility, monetization is going to be a product of our distribution network going forward.” The company’s new Super Critical CO2 Extractor Machine is now in the manufacturer’s production cue with a 60-day delivery schedule. Recently ordered from Vitalis Extraction Technology, Inc., the 200-Liter machine has an unmatched productive capacity and represents the largest machine ever produced by the manufacturer. The production schedule will allow multiple distributors to push product out across the country as growth in the space continues to heat up. The global CBD Oil market is set to grow at a CAGR surpassing 39% through 2021, according to recent research by London-based Technavio. Product differentiation is becoming a driving force. Management believes this trend favors upstream supply chain positioning, high-volume production, and a wide distribution footprint. With the commencement of its current round of negotiations, the last of these factors is beginning to take shape. About HempAmericana, Inc. 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 owns an extraction machine and now plans to become a leader in the CBD oil market by establishing three laboratories for the extraction and research of the oils contained in the hemp plant. HempAmericana also researches, develops and sells products made of industrial hemp. See more at http://www.HempAmericana.net. Safe Harbor: 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 o...