HempAmericana Fully Executes Contract To Acquire Local Farm for Seed Production

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NEW YORK, Feb. 14, 2018 (GLOBE NEWSWIRE) — via OTC PR WIRE — HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is excited to announce the potential acquisition of a ten acres farm in Maine. The Company plans to use the facility for genetic testing and cultivation of super high-potency seeds as a supply input for its CBD Oil extraction and processing facility in nearby Augusta, Maine.

Seven acres of the 10 acres are encircled by a deer fence and features a full drainage system and multiple spring-fed wells for irrigation. The property has been cleared and is farming-ready at present. The Company plans to construct multiple greenhouses on the farm as well.

As far as productive capacity, management believes the farm can support as many as 84,000 hemp plants. The Company plans to employ special strains known for generating super-concentrated CBD yields, and to genetically cross them with other strains to maximize the potency of CBD Oil being produced at its primary extraction and processing facility.

HempAmericana CEO, Salvador Rosillo, commented, “One of the benefits of being in a strong financial position before switching on a new major facility is the …

Full story available on Benzinga.com