PHOENIX, Oct. 23, 2018 (GLOBE NEWSWIRE) -- HempAmericana, Inc., (OTCQB: HMPQ) (the “Company”) is working to expand their company. CEO Salvador Rosillo is making a return appearance on Uptick Newswire’s “Stock Day” podcast with Everett Jolly.
Jolly welcomed Rosillo back to the show and asked him about operations of HempAmericana since their last interview back in August.
“We are in full extraction mode from the 4 tons of flower we had purchased,” explained Rosillo. “We are completely debt free as of yesterday. Everything has been paid.”
He then explained after the recovery of the oil is the distiller, that is the first stage of commercialization. He said they have contracted with a manufacturer of the machine necessary for the next part of the process.
“As you know, this is a new industry. Everything has to be invented or adjusted for the new reality. So, we are in full production, in two weeks the machines arrive and by the end of November we will be earning revenue.”
Jolly then noted that HempAmericana, Inc. did a reduction in shares from 6 billion shares to 3.75 billion shares. He wanted to know how that decision came about.
“As being a newbie, experts told me to have 6 billion shares, but then I found out it’s better to have less,” said Rosillo. “We couldn’t cut immediately, so as soon as I could I cut and I’m going to cut some more. In the meantime, we are fully sufficient and we are on the threshold of revenue.”
Jolly then asked about the future plans of his company. Rosillo explained that expansion is in their future.
“What’s arriving now is a bottling machine to make one and two ounce droplets of CBD. Most of the CBD being marketed at the moment in that type of little bottle, it takes 4 little bottles to make one gram. That is rather weak formula. Our intention is not that part of the market, we are looking to be the best CBD that really has an effect on you and we are not so interested in maximizing every cent at the expense of the health the patient or quality of the product. We are interested in creating a legacy, a business that will be here after I’m gone,” said Rosillo.
Jolly then asked about the company’s new website, HempAmericana.com. Rosillo said he bought a lot of domains that all point to this new website, but in addition to that the company is also expanding acreage in Maine. He then told Jolly that they will be concentrating on CBD in the near future.
“We are going to market it, at the beginning, wholesale but as we expand, we will add value adding products. But the main thing is we will have a revenue from wholesale in three weeks’ time.”
To listen to the entire interview, here’s the podcast link: https://upticknewswire.com/featured-interview-ceo-salvador-rosillo-of-hempamericana-inc-otcpink-hmpq-6/
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.
Contact
HempAmericana.net
Salvador Rosillo
HempAmericana, Inc.
Phone: (888) 977-7985
Safe Harbor Act and Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
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