SEATTLE, WA / ACCESSWIRE / January 5, 2021 / Hempstract, Inc, (OTC PINK:HPST)(the "Company"), today announced it has completed the extraction process on 36,821 of raw hemp resulting in 4,050 pounds of extracted product. Representing a major milestone in the Company's production and business development plans. The Company will be handling all pre-orders and market orders in house, to maximize sales revenues.
Richard Hawkins, the Company's Chief Executive Officer, commented: "As a company we've seen an increase in demand for concentrates and we're so thrilled to be kicking of the new year with the completion of this first extraction to begin to answer this increasing demand."
About Hempstract, Inc.
Hempstract, Inc. (OTC PINK:HPST) is a Nevada registered publicly-traded company. Hempstract production operations located in Warden, Washington offers business partners premium CBD Solutions they can trust at competitive prices. Hempstract and its laboratories go to great lengths to ensure that all of its solutions are of the highest quality and control standards and provides pure, high-quality, and safe, CBD isolate and oil to its customers.
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This news release contains "forward-looking statements" which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as "anticipate", "seek", intend", "believe", "estimate", "expect", "project", "plan", or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
SOURCE: Hempstract, Inc.