NEW YORK, Feb. 27, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE–HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is excited to announce the arrival of its new Vitalis R-200 high-capacity supercritical CO2 CBD Oil Extraction machine on-site at its principal extraction and processing facility in Augusta, Maine.
The R-200 is the base model of the R-Series systems and one of the largest offerings in the Vitalis fleet. Management believes the machine will instantly push HempAmericana into a default leadership position among high-capacity CBD Oil producers in the Eastern US market.
Vitalis Co-Founder and COO, Pete Patterson, stated, “Now that they’ve received their equipment, we’re excited that HempAmericana has officially joined the distinguished group of Vitalis Equipment owners. We’re looking forward to seeing the copious amounts of cannabinoid oil that Genesis (the R-200-S) will be creating. Happy extracting, team!”
Management notes that the Company has already heavily invested in the process of lining up suppliers, distributers, and marketing channels for its CBD Oil operations. With the arrival of this new piece of top-tier equipment now on-site and scheduled for installation, high-capacity extraction and production activities can begin on schedule.
HempAmericana CEO, Salvador Rosillo, commented, “We have been waiting for this day to come for over 8 months. We finished paying for the machine in Q4 of last year and set our sights on being ready by the end of Q1 to rev up operations at what we believe represents a best-in-breed extraction and processing operation at our Augusta site. At this point, everything is on track to meet that deadline and we couldn’t be more excited about what lies ahead for HempAmericana!”
The Company has been moving through a top-down pivot process for the better part of the past year as it gears up for a high-capacity producer role in the $2.1 billion CBD Oil marketplace in 2018. Niche analyst research has consistently demonstrated a powerful growth curve in this space, with estimates for CBD Oil market growth ranging from 650-700% over the next 3 years according to numerous industry research reports.
About Vitalis Extraction Technology, Inc.
Vitalis Extraction Technology Inc.© (Vitalis) is a Kelowna-based engineering and manufacturing company, producing the highest-flowing industrial supercritical CO2 extraction system for the cannabis market. The company’s core focus on innovation and design has vaulted it to the forefront of the market. Renowned for their reliability, scalability, and continuous operation, Vitalis systems are designed and manufactured in accordance with ASME and CSA Standards for Boiler, Pressure Vessel and Pressure Piping Code. The vessels are stamped with a CRN and NB registration number confirming that the vessels meet code and have been inspected by an Authorized Inspector. With systems on three continents, Vitalis has the most deployments of industrial CO2 supercritical extractors into the cannabis industry. Vitalis was recently voted Top Extraction Equipment at the 2017 Lift Canadian Cannabis Awards. For more information, visit their website at www.vitaliset.com.
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.