- Global wellness market expected to grow by 17 percent through 2021
- CBD-based products predicted to cause a major shift in this market
- hempSMART has developed marketing strategy to maximize market penetration of CBD-based products
The worldwide wellness industry reached $3.7 trillion in 2016 and is expected to show annual growth of 17 percent through 2021, according to Women’s Marketing (http://cnw.fm/C7AgN). Nutritional products and vitamin supplements form a sizeable portion of this market at the moment, with economists and industry experts predicting that the next major shift in the market will be triggered by CBD-based products. Marijuana Company of America, Inc. (OTC: MCOA), via its wholly-owned subsidiary hempSMART, is well positioned to take advantage of this industry growth through the development and marketing of innovative hemp-derived, CBD-based nutritional and wellness products.
Marijuana Company of America was established in 2015 by Don Steinberg and Charles Larsen, two people with extensive experience in the cannabis and industrial hemp industries. MCOA’s primary mission is to develop a diverse portfolio of subsidiary operations and establish strategic joint ventures with industry players while offering turnkey services to the legal cannabis and hemp industry.
Marijuana Company’s subsidiary, hempSMART™, was established to develop and market hemp-derived cannabinoid-based formulations with other natural ingredients. Committed to producing clinically validated products, the company is developing a distribution network for its products at competitive prices combined with convenient and discreet home delivery. It has established a unique hybrid affiliate marketing program as part of its strategy to accelerate market penetration and increase revenues.
hempSMART places a high priority on using the best quality extracts from hemp plants that are produced and processed to maximize cannabinoid concentration and potency. The company currently has two CBD-based products available for distribution. The first, hempSMART Brain (http://cnw.fm/8UyuC), contains clinically studied nootropic ingredients to help support healthy brain function, memory, focus and mental speed. Its other product, hempSMART Drops (http://cnw.fm/Pq47d), is created with CBD-infused hemp seed, fractionated coconut and other essential oils that allow for superior absorption and bioavailability.
In its short existence, hempSMART is well positioned and firmly focused on taking advantage of the continued strong demand and growth CBD-based wellness and nutritional products.
In recent developments, MCOA has concluded the financing of its joint venture with Bougainville Ventures, Inc., involving the cash financing of $800,000, 15 million shares and an equal share of equity and profits (http://cnw.fm/hj6T9). Under the agreement, Marijuana Company will receive a 50 percent equity stake in the joint venture and 50 percent net profits from leasing the 30,000 square foot greenhouse facilities that Bougainville Ventures is building in Washington State. The facilities will house a tenant with an approved Tier 3, I-502 license that will enable it to grow and process legal marijuana in the State, with the BV-MCOA joint company acting solely as landlords. In September 2017, MCOA formed a joint venture with Global Hemp Group Inc. (OTC: GBHPF) (CSE: GHG) to develop an industrial hemp pilot program in New Brunswick, Canada, with the goal of this collaboration being the development of commercial cultivation as of 2018 (http://cnw.fm/JT8Jq).
For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
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