NEW YORK, NY / ACCESSWIRE / November 22, 2016 / HempAmericana, Inc. (OTC PINK: HMPQ) is proud to announce that they have completed the requirements for filing the Reg A+ and successfully submitted the offering prospectus to the Securities and Exchange Commission. Blackbridge Capital is committing up to $20 Million Dollars in a Tier-I Reg A+ financing, which will help support company growth and operational goals. In addition, the Company will pursue blue sky filings for all states it believes might have an interested investor base.
“We’re excited to have this investment in place as a primary funding vehicle for the company,” said Salvador Rosillo, CEO of HempAmericana, Inc. HempAmericana plans to use the initial committed capital to produce and distribute worldwide 100% pure hemp Rolling Thunders brand rolling papers. Search ‘Rolling Thunders hemp papers’ on Youtube for a product demonstration. Additionally, the Company 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. In essence anything that can be made with plastic can be made with industrial hemp and HempAmericana plans to fill the growing need and demand for hemp-based products within the United States and abroad. The company also intends to explore other possible business avenues relating to the legal use of the Cannabis plant, such as construction material (hempcrete) and nutritional goods (hemp protein and hemp-based drinks). The company actively supports political action for passage of the Industrial Hemp Farming Act (S.134 and H.R.525) through the National Hemp Association (see NationalHempAssociation.org).
The Company chose Blackbridge due to their reputation as a leader in the Reg A+ arena. Blackbridge Capital is a leading alternative investment manager focused on investing in early-stage and middle-market companies. “We have a lot of confidence in HempAmericana and their ability to be a leader in the hemp space,” said Alexander Dillon, the managing member of Blackbridge Capital. Mr Rosillo stated, “We are very pleased with how quick and easy Blackbridge made the process- we look forward to working closely with Blackbridge as we continue to achieve our goals.”
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 HempAmericana’s 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.