Business
HempAmericana Enters Booming $71M Smokable Hemp Flower Market with November Branded Product Launch
HempAmericana Enters Booming $71M Smokable Hemp Flower Market with November Branded Product Launch.
About this update from Hemp Americana Inc
[{"type":"text","content":"\n NEW YORK, Oct. 03, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- HempAmericana, Inc. (OTC: HMPQ) (“HempAmericana” or the “Company”), an emerging company in the CBD products market, is excited to announce the Company’s upcoming launch of its new Smokable Hemp Flower product line. The Company will launch the new product in November 2019, with full packaging and distribution arrangements currently being negotiated.  “This is a lay-up,” commented HempAmericana CEO, Salvador Rosillo. “The smokable hemp flower market has really started to take off according to our research, and we are extremely well-positioned to take advantage given our deep experience in hemp and hemp cultivation. This is a higher margin segment, given the lack of extraction and processing costs, and we plan to seize it with both hands.”  Management notes that the smokable hemp flower market is beginning to step to the forefront in the CBD marketplace as new research points to strong confluence among its applicability for opioid addiction therapy, its role as a substitute for vaping given recent concerns about the vaping industry, and its high-potency potential as a general pathway for the overall wellness benefits of CBD intake. Recent research from the Brightfield Group concludes that the market for smokable hemp flower is projected to grow to $70.6 million in 2019, up from $11.7 million in 2018, representing a year-over-year growth rate of over 500%, which strongly outpaces other segments of the overall CBD market. Mr. Rosillo continued, “We already have the infrastructure to seamlessly move in this direction, and it represents, arguably, one of the most powerful applications of capital we might find anywhere right now, and perhaps for years to come. Our responsibility to our shareholders demands that we don’t hesitate. November is the launch.”  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 armed with a supersized supercritical CO2 extraction system, centrifugal partition chromatography refinement technology, and a mechanized fully-automated CBD bottling facility, a high-potency CBD strain...