HempAmericana, Inc. (OTC Pink: HMPQ) is engaged within the development and distribution of CBD oil and rolling papers. Shares of the CBD and cannabis accessories company are jumping 33%, through early trading on Monday, November 20, 2017. Over the past month, HempAmericana, Inc. has seen average daily volume of 3.8 million shares. However, volume of 11.48 million shares or dollar volume of $113,652, has already exchanged hands on the day.
Shares of HempAmericana, Inc. are climbing today after the company announced that its new Super Critical CO2 Extractor is in production by the manufacturer, who says it will be delivered within next 60 days. The 200-liter extractor will be able to extract CBD oils from hemp plants, a market that is expected to grow to $2.1 billion by 2020. Here is the full press release detailing of the production assembly of the extraction machine:
NEW YORK, Nov. 20, 2017 (GLOBE NEWSWIRE) — HempAmericana, Inc. (OTC:HMPQ) (the “Company”) is excited to announce that, having executed on its financial schedule, the Company has been advised by the manufacturer of its new Super Critical CO2 Extractor Machine that the high-capacity device is now in the manufacturer’s production cue with a 60-day delivery schedule.
Recently ordered from Vitalis Extraction Technology, Inc., the 200-Liter machine has an unmatched productive capacity and represents the largest machine ever produced by the manufacturer.
This represents a major milestone for HempAmericana. As previously announced, the Company has a 10-Liter machine already scheduled for production. Augmenting that production with the massive impact of this new 200-Liter machine should quickly legitimatize the Company as a leader in the CBD Oil space – a market recently projected by Hemp Business Journal to grow to $2.1 billion by 2020.
“This marks the beginning of our 2018 Production Strategy, a process we believe will position the company as a top-tier player in the rapidly expanding CBD Oil space,” stated CEO Salvadore Rosillo. “Going forward, expansion will be the name of the game”.
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 three laboratories for the extraction and research of the oils contained in the hemp plant. HempAmericana also researches, develops and sells products made of industrial hemp. See more at http://www.HempAmericana.net.
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 Hemp Americana annual and quarterly financials 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. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.