Marijuana Company of America (OTC: MCOA) shares rise more than 7% Thursday afternoon following an update issued earlier in the week regarding the company’s CBD hemp farming joint venture with Global Hemp Group (CSE: GHG) (OTC: GBHPF) in New Brunswick, Canada. The update included details on the current work taking place at the facility to prepare for the installation of drying equipment. Installation of the biomass dryer, capable of processing 125 acres of flowers and leaves from the 2018 cultivation, is anticipated by the end of August. In addition, the company announced that the Bathurst facility could potentially serve as a distribution center for the its hempSMART™ products.
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About Marijuana Company of America Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that 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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