NEW YORK, April 13, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is excited to announce that it has begun to actively explore international distribution partnerships as the Company gears up to take advantage of booming global demand growth for Industrial Hemp. The move comes as the Company nears the imminent launch of full-scale production activity at its new, state-of-the-art Industrial Hemp extraction and processing facility in Augusta, Maine.
Management believes that one major factor driving accelerating demand for Industrial Hemp exports from N. America to large international markets is poor domestic production in countries like Germany. Because of slow legal progress, Germans plan to support one of the fastest growing consumption markets almost exclusively on imported Industrial Hemp. According recent press, the EU’s largest economy expects to rely on imports to meet hemp demand for at least another decade.
That represents an enormous opportunity for new producers like HempAmericana. Canadian Industrial Hemp producers have already seen this surge pay off, with exports rising by 300% last year alone, driven by expanding demand from Europe, Australia, and South America.
HempAmericana CEO, Salvador Rosillo, commented, “This is one of the reasons we have moved so rapidly to ramp up high-capacity production activities early this year. Domestic demand growth is booming, but so is the export potential. We plan to be a major player on both levels, and to be the market leader in potency and quality along the way.”
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 HempAmericana 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