Business
SeeThruEquity Initiates .03 Target on HempAmericana (HMPQ)
SeeThruEquity Initiates .03 Target on HempAmericana (HMPQ).
About this update from Hemp Americana Inc
[{"type":"text","content":"\nNEW YORK, Nov. 07, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage HempAmericana, Inc.(OTC PINK: HMPQ) with a price target of $0.03. \n The report is available here: http://www.seethruequity.com/wp-content/uploads/2018/11/HMPQ-INITIATION-NOV-2018-FINAL.pdf  SeaThruEquity states in their Press Release to, “We initiate coverage on HempAmericana Inc. (OTC: HMPQ, $0.01) with a price target of $0.03. HempAmericana, Inc. is focused on research, development, and sale of industrial hemp-based products, which include rolling papers and CBD oils. CBD is one of the more than 85 cannabinoids identified in marijuana and hemp plants and is non-psychoactive with wide array of therapeutic benefits. Hemp-derived CBDs provide a legal alternative to marijuana-based CBD (which is banned at federal level) and allows the consumer to reap the multiple potential health benefits of CBD without psychoactive effects. HMPQ is approaching completion of a new 17,000 square-foot facility in Augusta, Maine, which will be capable of producing and processing high purity CBD oil with zero waste for HMPQ under the brand Weed Got Oil, as well as white-label partners by the end of calendar 2018 We see several potential catalysts ahead, as the company began processing crude CBD in September and expects to commence fully automated production and bottling of high purity CBD during calendar 4Q18.”  Highlights from the note include:  HMPQ enters fast-growing CBD oil industry with state-of-the-art production facility in Augusta, Maine HMPQ has officially entered the CBD oil extraction space with the opening of its new zero-waste extraction and production facility in Augusta, Maine. The 17,000 square foot facility was purpose-built for CBD oil extraction and production and utilizes leading technology to capable of producing 99% pure CBD oil concentrate at scale. With the completion of the Augusta facility, HMPQ has begun processing its initial resource of 4,000 pounds of premium grade hemp. The company announced in October that it expected to receive the final equipment required to shift to fully automated extraction, production, refinement, distillation and bottling of...