HempAmericana Inc (OTC:HMPQ) drew investors like moths to a flame Monday, on word it has begun processing 4,100 lbs of in-house Hemp Flower inventory at its primary extraction and processing facility in Augusta, Maine.
This initial production phase will output a high-quality raw biomass to be stored in cryo-freezers installed at the facility.
Said CEO Salvatore Rosillo, “It’s very gratifying to now have the team in place, the equipment fully up and running, and the raw flower finally being pushed through this state-of-the-art facility. I couldn’t be more proud of our guys. The scale and complexity of what we have accomplished here over the past two years cannot be overstated.”
The company, based in New York, will then consult with technical experts from the machine manufacturer, who will aid in scaling up production to full capacity.
Shares were listed at 99-100ths of a cent, up one-100th of a cent late Monday, on monster volume of just over five million shares.
