HMPQ Press Release
HempAmericana, Inc. (OTC: HMPQ) is pleased to announce that the dilution pursuant to the
asset purchase agreement has ended and the Company’s extraction machine is fully paid-for and
ready to be monetized. Shares were previously issued to settle the outstanding liability for the
purchase of the industrial CBD oil extractor. Management is in discussion with global players in
the industrial hemp space and anticipates generating revenue and delivering value to
shareholders by the end of fiscal year 2017.
“This is a very exciting time for HempAmericana. Now that the extraction machine is fully
paid-for, we look forward to partnering with our strategic investors to continue growth and
become a world class provider of CBD products,” said Salvador Rosillo, CEO of
HempAmericana. “The extraction machine is capable of processing 10 liters volume of material
every two hours. We predict that this could generate revenue of up to $20,000 a week. Our next
step will be to expand the machine to process 100 liters every two hours.”
Safe Harbor Provision
Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities
Litigation Reform Act of 1995: Information in this news release contains forward-looking
statements that involve risks, uncertainties and assumptions. If such risks or uncertainties
materialize or such assumptions prove incorrect, the results of the Company and its consolidated
subsidiaries could differ materially from those expressed or implied by such forward-looking
statements and assumptions. All statements other than statements of historical fact are statements
that could be deemed forward-looking statements. Risks, uncertainties and assumptions include
the execution and performance of contracts by the Company and its customers, suppliers and
partners. Please also review HempAmericana’s annual and quarterly financials and filings made
at SEC.gov for a more complete discussion of risk factors. The Company disclaims any
obligation to update or revise statements contained in this news release based on new
information or otherwise.