Business
HempAmericana Provides Detailed View Toward an Exciting 2018
HempAmericana Provides Detailed View Toward an Exciting 2018.
About this update from Hemp Americana Inc
[{"type":"text","content":"\n\n NEW YORK, Dec. 27, 2017 (GLOBE NEWSWIRE) -- HempAmericana, Inc. (OTC:HMPQ) (the “Company”) is proud to provide a year-end shareholder update on the Company’s progress toward its key strategic objectives as 2017 winds down and 2018 approaches. Several major milestones are due to hit in coming weeks, and management is keen to point to the Company’s exceptional progress over recent months as a source of perspective for investors and shareholders as the year draws to a close.\n “2017 has been a momentous year for the Company,” states HempAmericana CEO Salvadore Rosillo. “We have successfully navigated a core operational pivot, shifting the Company’s central focus into the CBD Oil production niche. That entailed a number of difficult obstacles to overcome. And I’m very pleased with how our team responded. We needed to nail down capital equipment, a strong base of operations, and both the upstream and downstream business relationships. As it turns out, we were both good and lucky. And the Company is set to hit 2018 firing on all cylinders.” Management defines its success in terms of four principal goals related to the Company’s pivot into the CBD Oil Production space: Acquiring and successfully financing its extraction machinery,Acquiring a home base of operations in Maine,Negotiating a distribution footprint,And assembling a supplier network According to its executive officers, the Company has managed to execute on each of these objectives over recent months. Given demand trends in the CBD Oil space, the acquisition and financing of extraction machinery has been a keystone goal in this process. As noted in prior releases, the Company has fully executed on its financial responsibilities in acquiring the 200 Liter Super Critical CO2 CBD Oil Extractor Machine from Vitalis Extraction Technology, Inc. That announcement hit the newswires on November 20, 2017. At that time, the company was advised by the manufacturer of the high-capacity device that it was now in the manufacturer’s production cue with a 60-day delivery schedule. That delivery is now nearing completion, and will immediately place the Company in a leadership position in the CBD Oil production space in terms of total CBD Oil productive output potential. The Company also hit the mark on the second of t...