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HempAmericana To Purchase Second CBD Oil Extraction Machine As Cannabidiol Demand Skyrockets
HempAmericana To Purchase Second CBD Oil Extraction Machine As Cannabidiol Demand Skyrockets.
About this update from Hemp Americana Inc
[{"type":"text","content":"\n \n \n HempAmericana To Purchase Second CBD Oil Extraction Machine As Cannabidiol Demand Skyrockets\n \n \nHempAmericana To Purchase Second CBD Oil Extraction Machine As Cannabidiol Demand Skyrockets\n\nAs Cannabidiol (CBD) Demand Escalates in the Legal Marijuana Market, HempAmericana makes massive strides in industry growth\n\n \n NEW YORK, NY--(Marketwired - Aug 29, 2017) - HempAmericana, Inc. (OTC: HMPQ) Today announced it will be purchasing a second CBD Oil extraction machine. This machine is double the size of the current machine the company owns and will expand capacity by 100%. This expansion comes on the heels of three new contracts near closing for the company. HempAmericana will be putting $100,000.00 down towards the purchase of this machine this week with the final financing to come by mid September.\n HempAmericana, Inc. (HMPQ) has been strongly negotiating and nearing the completion of ground breaking contracts for CBD Oil extraction and the expansion into dozens of new Hemp products in New York, Maine and Kentucky. With its first major contract announcement days away, HMPQ must prepare for a growth rate of over 100% on the short term. Such growth rate includes the purchase of this new extraction machine that will increase productivity greatly.\n Salvadore Rossillo, CEO states, \"this has been our strategy all along, we want multiple machines in operation while we become a dominate player in the CBD Oil space\" he further stated, \"we've visited many sites recently and this 2nd purchase will be placed in one of them which we shall be announcing to our shareholders in the coming days.\"\n \n The cannabidiol (CBD) market is estimated to grow by 700% by 2020, according to Forbes. A new report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020, an astronomical jump in value compared to last year's CBD market of $202 million and is even more bullish and projects a $3 billion CBD market by 2021! CBD is one of the more than 85 cannabinoids so far identified in marijuana and hemp. Unlike the better-known compound tetrahydrocannabinol (THC), CBD is not psychoactive, meaning it won't cause a high. Thousands of studies have shown that CBD possesses an array of therapeutic benefits, including antioxidant and neuroprotective properties.\n About:\n HempAmericana is ...