Business
SeeThruEquity Initiates Coverage on HempAmericana
SeeThruEquity Initiates Coverage on HempAmericana.
About this update from Hemp Americana Inc
[{"type":"text","content":"\nNEW YORK, Nov. 07, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- HempAmericana, Inc. (OTC: HMPQ) (“HempAmericana” or the “Company”) is proud to announce that SeeThruEquity has initiated coverage on the Company with a price target of $0.03 (or roughly 200% above current trading levels), noting, “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.”\n Salvador Rosillo, HempAmericana CEO, commented, “We are excited that SeeThruEquity has cast its light on HempAmericana and has recognized the remarkable growth potential we have ahead of us. The Company has recently completed a 24-month transition into the role of an emerging leader in high-capacity, high-quality CBD production. Given the stunning growth in the CBD marketplace both witnessed over the past year and expected over the next 2-5 years, we believe we are in exceptional position, with one of the most advanced CBD extraction and processing facilities in North America and no debt on the balance sheet.” In their report, SeeThruEquity analysts have placed a price target of $0.03 on HempAmericana shares, representing an implied 200% increase in HMPQ share pricing and a valuation of 19.7x 2019E, with expectations of $3.6 million in revenues next year and $9.9 million in 2020. According to its report, these expectations are based on industry analysis and an in-depth analysis of HempAmericana’s strong financial position and state-of-the-art 17k sq. ft. production facility in Augusta, Maine. The report can be viewed at http://www.seethruequity.com. Mr. Rosillo continued, “It’s exciting to see our own view of the CBD marketplace so thoroughly echoed by SeeThruEquity analysts. We believe the CBD market is heading for continued dramatic expansion as more and more people learn about this exceptional substance and its positive effects.” 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 ...