HempAmericana
CEO Issues New Letter to
Shareholders
New York, NY --
July 19, 2018 -- InvestorsHub NewsWire
-- HempAmericana, Inc. (OTC:HMPQ)
("HempAmericana" or the "Company") CEO issues the following letter to
Shareholders:
Dear Valued
Shareholder,
As we
navigate the ever-exciting transition into our new marketplace in the high growth CBD Oil sector, the Company
has been fortunate to encounter few setbacks along the way
in this journey
over the past 12
months.
In almost every
respect, we have encountered
a best-case-scenario outcome: acquiring a state-of-the-art facility,
installing blue-chip machinery and personnel into that equation,
and staying primarily
debt-free through this process
without burdening
shareholders or our balance sheet along the way.
I know I can speak
for everyone involved at HempAmericana when I state that we feel extremely excited and fortunate to be where we are right now.
However,
due to the caveat emptor
designation still in place from the OTC Markets Group (the
"OTC"), the company has struggled to establish new
financing channels to fund our aggressive growth strategy looking
ahead. While the situation is far from dire, we have decided to attack this issue preemptively before it becomes
"important" in any real sense.
As such, we
have hired an experienced
SEC lawyer, Greg Schenzia, of the
SEC focused firm Sichenzia
Ross
Ference
Kesner
LLP,
to represent the
Company to the OTC for the express purpose of the imminent removal of the caveat emptor designation, while
continuing to represent the Company in all aspects of the reporting
process.
In the
meantime, I have
personally injected $120K to
buffer against any potential capital shortfalls and
to ensure that our operations will move forward as
planned. Fortunately, we will only see a minor scheduling
adjustment (approximately 60 days) in total as we
integrate this
factor.
On a
more exciting note, we are expecting the Central Maine Power Company to install our Pole and Transformer to provide
us with the necessary power capacity to ramp up full production activities at our principal extraction and processing facility in
Augusta, Maine.
This is especially exciting
given that we currently have 4,000 lbs of blue
chip hemp flower
sitting in our facility right now
ready for
our initial production run.
Once that
production is underway, it shouldn't take long to get it out the
door: we already
have strong indications of interest
from our partners, and
we are working on obtaining
our initial purchase orders
in the very
near future.
As for our
nearby high-potency seed
cultivation facility (the "farm"), we have recently made great strides, with first seedlings planted from our initial seed purchase of high-quality
hemp seedstock. We look forward to a bountiful harvest this fall.
Finally,
we have recently installed a state-of-the-art security system to guard and monitor all
HempAmericana assets. Our new system complies with all major
regulatory precepts and ensures that Company assets are safe and
secure at all times.
I would like to
personally thank HempAmericana shareholders for your continued support as we
navigate the final stage of
this transition and begin to
ramp up our
new phase of operations!
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
