HempAmericana Announces Substantial Purchase Order Agreement and New Supplier Relationship with Eagle Hemp
June 10 2019 - 7:00AM
InvestorsHub NewsWire
HempAmericana Announces
Substantial Purchase Order Agreement and
New Supplier Relationship with Eagle
Hemp
NEW YORK, NY -- June 10, 2019 --
InvestorsHub NewsWire -- HempAmericana,
Inc. (OTC:
HMPQ) ("HempAmericana"
or the "Company"), an emerging leader in the CBD
products market, is thrilled to announce a new Purchase Order
("PO") with
Eagle Hemp of Florida ("Eagle Hemp")
for more than
$175,500.00 for delivery of bottled CBD Oil, with additional orders
to come as part of an unbounded long-term supply
relationship.
"The CBD market is in an
accelerating boom, and we have a state-of-the-art high-capacity
extraction and production facility armed to the teeth to meet that
opportunity head on," noted Salvador Rosillo, CEO of
HMPQ.
"With this agreement,
we nailed
down a very strong deal with a tremendous customer who is
emerging as a key player in a red hot
market."
Eagle Hemp will finance all shipping,
labeling, and bottling costs in addition to purchasing the final
product at competitive pricing. HempAmericana will receive a
three-dollar ($3) fee for bottling the finished product using its
state-of-the-art technology. The 30 ml bottles will contain three
different potencies of CBD suspended in an MCT-based
oil.
Management believes the
agreement represents a strong template for dramatic sales growth in
a manner that will confer powerful shareholder value on the bottom
line over coming quarters provided the fundamental CBD market
growth equation continues to evolve on course with established projections
– analysts now
anticipate the collective market for CBD
sales to exceed $20 billion in the US over the next 5 years
(according
to recent
data from BDS Analytics and
Arcview
Market
Research).
Mr. Rosillo continued, "We will provide
Eagle Hemp with batch numbers and certification that our end
product complies with federal regulatory statutes as part of this
arrangement. As a result, we anticipate a great deal of future
high-volume demand to come from this and many other customers
seeking premium high-potency bottled CBD Oil that meets blue-chip
standards for customer satisfaction and regulatory compliance."
About
HempAmericana, Inc.
HempAmericana
is
an emerging leader
in the CBD products market. The Company owns and
operates a
high-capacity, state-of-the-art CBD extraction and processing
facility located in Augusta, Maine. This facility is armed with a
supersized supercritical CO2 extraction system, centrifugal partition
chromatography refinement technology, and a mechanized
fully-automated CBD bottling system. HempAmericana
also owns and
operates Union Farm, a high-potency CBD strain development facility
located in Union, Maine. The Company's CBD oil business uses the
brand designation, "Weed Got Oil". HempAmericana
also
researches,
develops, and sells products made of industrial
hemp,
including a popular brand of hemp rolling papers marketed under the
brand name, "Rolling Thunders". See more at
www.hempamericana.com.
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 obligaton 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.
Corporate Contact:
HempAmericana.com
Salvador Rosillo
HempAmericana, Inc.
Phone: (888) 977-7985
Press &
Media Inquiries:
EHC Branding Agency
Info@EHCBrandingAgency.Com
(626)
MJ-BRAND
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