Pharmiweb ChannelsAll | PharmaCo | Clinical Research | R&D/BioTech | Sales/Mktg | Healthcare | Recruitment | Pharmacy | Medical Comms

Pharmiweb.com RSS Feed Pharmiweb.com RSS Feeds

Advertising

Press Release

HempAmericana Issues New Letter to Shareholders


Posted on: 15 Mar 18

NEW YORK, March 15, 2018 (GLOBE NEWSWIRE) -- HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) CEO issues the following letter to Shareholders:

Dear Valued Shareholder,

Today is 30th day that we have been working with OTC Markets Group (the “OTC”). We value that process and relationship very highly and will continue to work side-by-side with them to satisfy all outstanding issues and comply with all requests.

As previously announced, HempAmericana has hired an audit firm and begun the process of a one-year audit to comply with the standards for a tier uplisting onto the OTCQX exchange. We hope to complete this process over the next thirty 30 days. We plan to then undertake the two-year audit process for a further tier uplisting onto the OTCQB exchange.

On the operational side, we are awaiting the arrival of the Vitalis team (https://vitaliset.com/) here in Maine as we get set to launch our R-200 high-capacity supercritical CO2 CBD Oil extraction unit. We are also eagerly anticipating the arrival of our new Gilson CPC 1000 centrifugal partition chromatography separator system. We now stand on the precipice of initial production of the highest grade CBD Oil on the market today.

Construction is coming along at our primary facility in Augusta. However, due to the multiple nor’easters that hit the coast in succession followed by heavy snowfall, the timeline was set back slightly. That said, we continue to make good time and construction is fully back underway.

Perhaps most exciting right now is the powerful wave of print marketing the Company has been attracting as we ramp towards production and entrance into the marketplace. We are thrilled to be working with High Times. The iconic magazine released a spectacular article on HempAmericana yesterday (see High Times HempAmericana article).

In addition, we will be featured on the cover of the March edition of CannaInvestor magazine (for the second time in recent months) with a beautiful 26-page spread. This upcoming feature story should be an excellent source of rich content about the Company’s goals, assets, and the great promise that lies ahead for HempAmericana.

Finally, we are pleased to share with Company shareholders the news that HempAmericana is expanding its business model with a strong focus on M&A in high-growth areas.

We are already in the due diligence phase of a potential acquisition. Given our positioning as a top CBD Oil producer, we believe the opportunity is ripe to enter the booming CBD-Infused Water market as a highly synergistic corollary strategy. We are currently pursuing a possible cash and restricted stock deal that should accomplish this objective efficiently and effectively and grant us a top-tier position in that space.

The Company is also engaged in research and due diligence related to additional acquisitions in the Hemp farm space in potential cash and restricted stock deals with the goal of streamlining our sourcing of hemp input for extraction and processing activities.

As it stands, we are currently in the middle of closing the land deal announced last month, which will allow the Company to cross-pollinate high-grade Hemp as we continue to strive toward maximizing product quality.

We will update our valued shareholders on all of these exciting themes again in the very near future!

Best Regards,
Salvador Rosillo

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.

Contact:
HempAmericana.net
Salvador Rosillo
HempAmericana, Inc. 
Phone: (888) 977-7985

GlobeNewswire
globenewswire.com

Last updated on: 15/03/2018

Advertising
Site Map | Privacy & Security | Cookies | Terms and Conditions

PharmiWeb.com is Europe's leading industry-sponsored portal for the Pharmaceutical sector, providing the latest jobs, news, features and events listings.
The information provided on PharmiWeb.com is designed to support, not replace, the relationship that exists between a patient/site visitor and his/her physician.