Q&A
CIM: How much debt does the company currently have?
HMPQ: The company is almost debt free. The only note
on the books is owed to our Reg A Offering partner. They
have not yet converted the note and I believe they will continue to be a to be a friendly note holder to the company. Outside of
that, we have taken on no toxic debt instruments and most
of our service providers have been paid in full.
CIM: How do you plan on scaling your business?
HMPQ: We plan on scaling our business with new successful joint ventures and the expansion of our new CBD extraction business. Hopefully, with more relaxed regulations over the next few years, we will have more freedom to grow and scale in a vertically integrated business model.
CIM: Did you ever complete the Blackbridge Capital deal to sell them $20 million in stock?
HMPQ: The deal with Blackbridge was a commitment to buy up to $20 million of our Reg A Offering stock over time and in controlled tranches. I can reveal they have continued to support us and consult us through the entire process. In short, the company has successfully raised initial tranches of capital from one of their portfolios. Looking forward, we will rely on their team and our allocation on www.minivest.com to continue to raise capital from the $20 million offering.
Q: CannaInvestor Magazine (CIM)
A: Salvador Rosillo, CEO President,
HempAmericana, Inc. (HMPQ)
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