CCIM: How does cannabis legislation impact your business?
HMPQ: I believe it’s still too early in our new administration's tenure to forecast how legislation
will impact us over the next few years. As most of the young businesses in our space, we are hoping that more states will drop job killing regulations and suffocating legislation against our industry.
CIM: When does HMPQ plan to start receiving revenue?
HMPQ: We can conservatively say that we expect to show revenue in early 2018. This is of course contingent upon the successful partnerships like Maine and/or New York.
CIM: How do you plan on increasing your cash balance?
HMPQ: I believe shareholders and investors will be pleased with the increase in our cash balance as of 8/31. We hope to have those financials out early this quarter. HempAmericana has had success in raising capital from its initial commitments on the Reg A Offering.
Also, if you haven't seen the recent press release, we will soon be offering an allocation of our Reg A Offering on www.minivest.com to the public. Even if the offering is only mildly successful we should have enough operating capital to continue to grow and execute on our business plan, the company has been running an extremely lean operation. Management has not taken any significant salary since inception.
CIM: Majority of your SG&A expenses can be attributed to what?
HMPQ: This year, our largest expense has been the purchase of our first extraction machine. Outside of that, we incurred legal and accounting costs attributed to successfully filing our Reg A Offering.
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