HempAmericana Commences Initial CBD Oil Production in $2.1B CBD Market
HempAmericana, Inc. (OTC:HMPQ) is thrilled to announce the commencement of initial CBD Oil production at its principal state-of-the-art extraction and production facility in Augusta, Maine.
As an initial step toward the launch of full-scale production, the Company is set to initiate processing of its in-house inventory stock, which consists of 4,000 lbs of premium-grade hemp flower. The company has been working with the original manufacturer of its Vitalis RL-245 high-capacity supercritical CO2 CBD Oil extraction machine. This production run will constitute the “maiden voyage” for this leading-edge technology and for the highly advanced high-capacity facility as a whole.
HempAmericana CEO, Salvador Rosillo stated, “This is a huge day in the history of HempAmericana! We couldn’t be more excited. The initial production run, coming ahead of schedule at this stage, speaks volumes about our dedicated team in Maine. Our guys have worked their tails off. Full stop.”
The principal output will initially consist of crude CBD Oil extract, which will subsequently be subjected to a series of filtering procedures to obtain the desired Isolate for wholesale distribution to CBD Oil market vendors for immediate sale.
Management notes that the Company’s proprietary CBD isolate extraction process begins with the production of a botanical concentrate comprised of elements including the base cannabinoid foundation, along with other ingredients including lipids and organics from the hemp plant. The next step is to further purify this compound to remove essentially everything but the CBD through a proprietary process, resulting in an isolate powder comprised of 99% pure Cannabidiol.
Mr. Rosillo continued, “This initial run is a necessary part of the process. High volume production is the next step.”
As has been widely documented, the global CBD products market is experiencing extremely rapid growth as CBD becomes more widely understood and marketed. Recent estimates from a range of analysts suggest growth somewhere between 50%-100% over the next year, with total CBD product sales reaching $2.1 billion in 2020 according to the Hemp Business Journal.
See more at http://www.HempAmericana.net.
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