HempAmericana To Uplist Shares Seeks To Dominate CBD Oil Market
HempAmericana, Inc., (OTC:HMPQ) is excited to announce that it has begun the process of uplisting the Company’s trading tier with OTC Markets, transitioning shares from the pink sheets and onto the OTCQX exchange. The Company has already engaged a specialized accounting firm with credentials targeting Financial Reporting for publicly traded companies to undertake a comprehensive audit of the Company’s financial records.
Management strongly believes this move will unleash significant value for HempAmericana shareholders. The Company has begun to establish itself as a premier player in the CBD Oil extraction and processing space – an area of the cannabis sector widely viewed by analysts as possibly the core growth opportunity in the space over the next 24-36 months.
The Company’s move to uplist shares at this stage comes as it fires up its state-of-the-art Augusta, Maine facility in coming days. With all major equipment paid-for and due to be installed by end of month, the Company is establishing perhaps the leading high-capacity premium CBD Oil facility in the Eastern US market.
Furthermore, as noted in recent communications, the Augusta facility has been established as a pilot project to be followed by several other regional CBD Oil extraction and processing facilities.
Management believes that the added credibility afforded through a full audit process by a well-respected firm followed by an uplisting of shares will afford the Company a wide range of new strategic options as well, including the ability to employ working capital to take advantage of key acquisition opportunities, which could further propel the Company toward a market-dominant position in the CBD Oil boom.
HempAmericana CEO, Salvador Rosillo, commented, “HempAmericana is committed to bringing full transparency to our shareholders. The Company has made tremendous progress over the past year – a landmark year for us on just about every level. But, as a publicly traded company, the best way to mobilize that progress and translate it into value for shareholders is to engage a competent and trusted third party accounting firm to ratify it through official examination. We look forward to moving up first onto the OTCQX and then the OTCQB.”
Management notes that the audit process will begin next week. From there, the Company believes it will take approximately 60 days to complete the process and uplist shares onto the OTCQX tier.
The Company has researched and understands the OTCQX Corporate Governance guidelines to ensure a successful listing, and plans to quickly satisfy all requirements. Once firmly listed on the OTCQX, HempAmericana will continue the process of a two-year audit for compliance with the Securities Exchange Act of 1934 for fully reporting companies in preparation for a further move onto the highly respected OTCQB tier.
The Company will issue regular updates to keep shareholders apprised of its progress on this front as key steps are achieved.