- Most of MCOA’s projects involve the cultivation and distribution of hemp-derived products
- The company has officially launched its industrial hemp-based, CBD-formulated hempSMART products in the United Kingdom
- MCOA recently entered into an LOI with Natural Plant Extracts of California
An umbrella company, Marijuana Company of America Inc. (OTCQB: MCOA) supports an array of portfolio businesses that participate in the cannabis industry. Primarily an industrial hemp business, MCOA’s hempSMART company is focused on producing premier-quality botanical supplements derived from organically grown industrial hemp and synergistic botanicals (http://cnw.fm/E6aGU). MCOA is headquartered in Escondido, California.
Fundamentally, hempSMART offers a line of industrial hemp-derived cannabidiol (non-THC) products. The expectation is that the hemp market will increase tenfold this year. Hemp acreage in the United States increased by more than 500 percent between 2015 and 2017. Some estimates declare that 70 percent of the U.S. hemp crop is grown for cannabidiol (CBD) (http://cnw.fm/jEN8B).
In the United States, MCOA is raising the profile of its hempSMART subsidiary. In addition, the company is planning an expansion of the brand into Asia and Europe (http://cnw.fm/7HRpc). hempSMART also offers the opportunity to distribute its products as part of its affiliate network marketing program. This program centers on promoting and selling the company’s legal hemp-based consumer products containing CBD.
hempSMART officially launched MCOA’s industrial hemp-based, CBD-formulated hempSMART products in the United Kingdom during the company’s March 23, 2019, launch event in London (http://cnw.fm/CDp0f). Its launch program included an in-depth overview of the CBD industry, its hempSMART products and marketing and compensation plans, which also feature information on how associates can start their own businesses in the CBD industry.
In a news release, MCOA Chief Executive Officer Donald Steinberg said, “We are now ready to start on the global rollout of our hempSMART products. Our software is set to accommodate many countries, our product line has been well developed, and we have leaders throughout the world ready to take up their roles as county directors.”
MCOA recently announced that it has entered into a letter of intent (LOI) with Natural Plant Extracts of California (“NPE”) and its subsidiary, Northern Lights Distribution LLC (“NLD”). This LOI is to acquire a 20-percent ownership interest in NPE and also to establish a joint venture (JV) to operate a California cannabis delivery service called Viva Buds.
Through the JV with NPE’s distribution company, MCOA created the wholly owned subsidiary Viva Buds Inc. to serve as the marketing division for NLD’s new retail delivery service in California. MCOA will first concentrate on delivering cannabis products to Southern California and subsequently launch to other cities across the state (http://cnw.fm/aSL3f).
Steinberg added, “This partnership will enable MCOA to establish itself as a major player in the cannabis arena. All licenses are in place to allow for vertical integration from farm to consumer. We are excited to expand our business model to now include marketing our new THC brand Viva Buds through our fully licensed partner NPE.”
Providing first-rate turnkey services to the legal cannabis and hemp industry, MCOA continues to advance its initiatives. The company offers investors the opportunity to partake in an industry that is showing exponential growth. MCOA has established itself along different points in the industrial hemp, cannabis and related services supply chain as it works to create even more value for its shareholders.
For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://cnw.fm/MCOA
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