HempAmericana Inc (OTCMKTS:HMPQ) has received an overwhelming response to the sale of CBD products online. It prompted the company to increase the production of CBD significantly. The company plans to upgrade its online sales portal to cater to the growing demand for CBD products and improve its digital footprint.
Chief Executive Officer of HempAmericana, Salvadore Rosillo, said the company is excited to receive a mass response to its online distribution activity. The company’s main priority is to improve shareholder value by ramping presence through the online channel.
Approves a bill to decriminalize marijuana
HempAmericana is pleased with the approval of a bill (the MORE act) by the House Judiciary Committee to decriminalize marijuana at the central level with a wide margin of 24-10. It is excited with the steps initiated in the right direction by the lawmakers to legalize cannabis in the US. The new law allows the company to access resources like the banking system.
Enters a pact with Smart Decision, Inc
HempAmericana entered a pact with Smart Decision, Inc. As per the terms of the deal, Smart Decision will recommend and market the products of HempAmericana on its affiliate marketing platform. Rosillo is pleased to associate with Smart Decision to sell its products. He said its CBD production processes and operations are a natural fit for the marketing platform of Smart Decision.
Shareholders express a desire to become distributors
In an interview with Everett Jolly, a host of Stock Day Podcast, Rosillo said more than 50 shareholders expressed a desire to become distributors for the company. They wait for the completion of the manufacturing of the product to begin the sale. He further elaborated on its inventory during the interview.
HempAmericana’s inventory comprises eight formulations that include premium quality CBD products. The company offers high-quality CBD products in dosages ranging from 125 mg to 9,000 mg. It already bottled the low dosage products and is ready for the sale. HempAmericana needs to complete the bottling of high dosage CBD products. According to Rosillo, the company’s daily average bottling is 1,000 bottles. According to third-party tests, CBD products of HempAmericana comprise just 0.083% of THC. The company is in negotiations with another company for the distribution of its products.
Business intelligence from Akerna Corp (NASDAQ:KERN) Says Liquor Sales are Up 10% Year-over-Year
Post Views: 388 Liquor sales are up 10% year-over-year according to business intelligence from Akerna Corp (NASDAQ:KERN). Red wine took...
Pyxis Tankers Inc. (NASDAQ:PXS) Announce Q1 2020 Financial Results Amid COVID-19 Uncertainties
Post Views: 227 Pyxis tankers Inc. (NASDAQ:PXS) has announced its unaudited financial results for the quarter that ended March 31,...
Innovative Industrial Properties Inc (NYSE:IIPR) Enters Into a Lease Amendment Agreement with Green Leaf
Post Views: 249 With pot being legalized in many countries, the market is likely to get even bigger. As a...
Liberty Leaf Holdings Ltd (OTCMKTS:LIBFD) Takes Over Nova Mentis Biotech Corp And Add Synergies To Its Cannabis Assets In The Wellness And Health Sector
Post Views: 253 Liberty Leaf Holdings Ltd (OTCMKTS:LIBFD) gained access to the psilocybin by acquiring Nova Mentis Biotech Corp. The...
Aleafia Health Inc (OTCMKTS:ALEAF) Begins Cultivation At Its Entire Niagara Facility And Provides Consistent Supplies for Health: Settles Disputes With Aphria
Post Views: 357 Aleafia Health Inc (OTCMKTS:ALEAF) will commence cultivation operations at its whole Niagara facility. It obtained a license...
Pure Capital Calls For Shareholders Meeting of Therapix Biosciences Ltd (NASDAQ:TRPX): Demands For Dismissal Of Board Members
Post Views: 296 Pure Capital called for an emergency meeting of investors of Therapix Biosciences Ltd (NASDAQ:TRPX) to discuss actions...