NEW YORK, NY - (NewMediaWire) - July 26, 2017 - HempAmericana, Inc. (OTC PINK: HMPQ) -- The company is proud to announce that it has entered into negotiations with an extremely qualified group of engineers in the Northeast to set up the first Hemp Extraction Laboratory utilizing its recently purchased extraction machine. Company CEO, Salvador Rosillo stated, "This is an ideal situation for us, where we bring our machine and marketing know-how, and the other party is experienced in the lab process for extraction into hemp oil." He further stated, "This is a joint venture where both parties bring strengths that the other party doesn't have, and we hope this is the first of many labs we set up." The company hopes to have negotiations wrapped up and have a Joint Venture document executed shortly, which is when the company will disclose further details. The market for CBD Oils is just beginning and the company is excited to be involved at such an early stage and hopes to grow with the market over the next decade.
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 now plans to become a leader in the CBD oil market by establishing a laboratory 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.