HempAmericana, Inc. (OTC: HMPQ) entered into a settlement agreement on May 3, 2017 in connection
with a “Section 3(A)(10)” transaction with an institutional investor. Monies raised for the Company will
go to settle outstanding liabilities for legal and accounting costs, particularly related to the Company’s
Regulation A, which it recently amended and refiled with the SEC and plans to use as a mechanism going
forward to raise needed capital. As well, the Company incurred significant legal costs in relation to
negotiations that ultimately failed for the Company to take an ownership stake in an extraction machine
manufacturing company.
“Our next challenge is to place our first CBD oil extraction machine, to get it settled and producing,” said
Salvador Rosillo, CEO of HempAmericana. “We are currently looking for warehouse locations and are
speaking with interested parties.”
About HempAmericana, Inc.
HempAmericana, Inc. is a developmental stage company that plans to research, develop and sell products
made of industrial hemp. In essence anything that can be made with plastic can be made with industrial
hemp and HempAmericana plans to fill the growing need and demand for hemp based products within the
United States. Currently, the Company is in its research and development stages. The Company was
incorporated under the laws of the State of Delaware on February 10, 2014 and is headquartered in
Tribeca, New York City, New York. The Company is currently in the beginning stages of retail and
wholesale sales of two products, but does not have any material sales to date. Its first product is called
“Rolling Thunders” smoking papers. These rolling papers produce no ash residue compared to regular
tree-based smoking papers. Its second product is its brand of CBD oil that it sells under the trademarked
brand “Weed Got Oil.” It now owns a CO2 supercritical extraction machine that it plans to either lease or
operate in the near future.
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.