HempAmericana Completes Constructionof High-Potency Seed Augmentation Greenhouse
NEW YORK, June 07, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is excited to announce the full completion of its new state-of-the-art greenhouse installation at the Company’s genetic seedstock augmentation facility in Maine.
As previously announced, the Company purchased a seven-acre farm in February of this year to serve as a base of engineering operations for the cultivation of a super-high-potency seedstock to fuel future CBD production. The greenhouse installation is the centerpiece of this facility. With construction now complete, the initial stages of seed development can begin.
“The new greenhouse already houses a number of blue chip hemp strains inside. We have some further steps to take. But, overall, we are on schedule in terms of our augmentation objectives,” stated CEO Salvador Rosillo. “Since we began targeting the CBD market early last year, we have remained extremely conscious of the need to use our strong financial position to invest in long-term dominance. The farm is a great example of that vision. This segment is staring at a context defined by massive growth expectations over coming years. To capitalize, we are laying a foundation now to allow this Company to consistently set the standard for quality and potency going forward.”
The Company will add an additional structure for cross-pollination activities. Controlled pollination will be used to cultivate increased CBD potency levels for next season’s planting schedule. The Greenhouse will be used primarily to provide highly controlled conditions for initial specimen development before transplantation out into the facility’s secure fenced-in grow field.
The Company has already acquired sufficient high-quality hemp flower for processing for 2018 CBD product yields. With the completion of its seed augmentation facility, management believes HempAmericana is setting in motion a process that will pay enormous dividends over coming years.
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 mad 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
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