Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, is advancing in its effort to develop farm-to-consumer vertical collaboration between its subsidiaries in the cannabis space. A recent article discussing the company reads, “This month, the company added a push into the tetrahydrocannabinol (THC) product space by announcing an LOI with Natural Plant Extract of California (‘NPE’) and its subsidiary, Northern Lights Distribution LLC, to establish a joint venture that would operate a California cannabis delivery service named Viva Buds. . . . ‘This partnership will enable MCOA to establish itself as a major player in the cannabis arena,’ CEO Donald Steinberg stated in a news release about the agreement (http://cnw.fm/20rIH). ‘The NPE team has a great deal of industry knowledge and has an industry disruptive business model. This is a huge strategic move for MCOA.’”
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About Marijuana Company of America Inc.
MCOA participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART, which targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.
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