Hemp Naturals signs contract to acquire a commercial property in upstate New York and sets eyes on expanding operations
Hemp Naturals (HPMM) announced its acquisition of a commercial facility in upstate New York, aiming to strengthen its position in the industrial hemp sector. The 8,250 square foot property features advanced production capabilities, including a solar installation, supporting Hemp Naturals' expansion plans. Following New York's cannabis legalization, the company is positioning itself for future growth in the state's multi-billion dollar cannabis market, contingent on federal legalization. CEO Levi Jacobson emphasized the company's commitment to enhancing shareholder value through strategic acquisitions.
- Acquisition of a state-of-the-art facility enhances operational capabilities.
- Strategic expansion into New York's cannabis market following legalization.
- Potential for increased revenue growth if federal cannabis regulations change.
- None.
NEW VINEYARD, Maine, June 29, 2021 /PRNewswire/ -- Hemp Naturals (OTC PINK: HPMM), an early-stage venture committed to researching, developing, acquiring, and selling products made of industrial hemp, today announces its pending acquisition of a state-of-the-art facility in upstate New York. The purchase is part of Hemp Naturals' strategic plan and vision of becoming an industry leader in the industrial hemp sector, and eventually, if federal legalization of cannabis becomes a reality, in the cannabis industry.
The 8,250sf commercial building consisting of office, production/ warehouse space and a detached shop/garage. Features in the production/warehouse portion of the building consist of a 400 AMP 3-phase power service, a 6" reinforced concrete floor, 3 - 12'x14' overhead doors and a 1,680sf mezzanine. The property also includes a 3,000 KVA solar. The commercial property is an ideal space for Hemp Naturals to expand its operations and break into New York state's multi billion dollar cannabis market. The company's purchase of the property comes on the heels of New York's recent legalization of cannabis and positions Hemp Naturals as a competitor in the cannabis market in the state, pending potential federal cannabis regulation changes.
"Hemp Naturals is committed to improving the lives of people everywhere through high-quality CBD products, and we see New York as an exciting new market for our venture," said Levi Jacobson, CEO of Hemp Naturals, Inc. "Our newly acquired space in the state will allow us to expand our hemp harvesting operations in the immediate future while positioning us to move forward with cannabis growth and harvesting should cannabis be legalized on the federal level. We look forward to the addition of this new state-of-the-art space as we continue to make strategic acquisitions and add value to our shareholders' investment portfolios."
To learn more about Hemp Naturals, visit https://www.ir-hempnaturals.com/.
DISCLAIMER: This product is not for use by or sale to persons under the age of 21. This product should be used only as directed on the label. It should not be used if you are pregnant or nursing. Consult with a physician before use if you have a serious medical condition or use prescription medications. A Doctor's advice should be sought before using this and any supplemental dietary product. These statements have not been evaluated by the FDA. This product is not intended to diagnose, treat, cure or prevent any disease. Void Where Prohibited by Law.
Cautionary Language Concerning Forward-Looking Statements: This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for Hemp Naturals products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in Hemp Naturals filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting Hemp Naturals please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. Hemp Naturals undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
HEMP NATURALS, INC.
Investor Relations Contact:
E Mail: info@hempofnaturals.com
+1 (347) 301-8431
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SOURCE Hemp Naturals, Inc.
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