- MCOA’s virtual launch party introduced VivaBuds, a premium cannabis delivery service that will initially deliver to the San Fernando Valley in Los Angeles County
- Attendees were treated to a live tour of the VivaBuds website, VivaBuds swag giveaways and an invitation to become one of VivaBuds’ first customers
- VivaBuds offers the option for customers to become ‘BlazeMasters’ and build their own personal cannabis businesses by utilizing a ‘call your friend’ approach
- MCOA’s joint venture subsidiary, Covered Bridge Acres Ltd., produced a first harvest from its hemp farm in Scio, Oregon, that generated revenues of $525,000
Marijuana Company of America Inc. (OTCQB: MCOA), an innovative hemp and cannabis corporation, provided a curious public with an inside look at its new joint venture, VivaBuds, during a virtual launch party earlier this month. Customers eager to learn more about VivaBuds, a unique cannabis delivery service slated to initially begin deliveries in the San Fernando Valley of Los Angeles County, were treated to swag giveaways and details on how to become one of VivaBuds’ first retail customers.
“VivaBuds will offer our customers low-cost premium cannabis, fast delivery times, and quality customer service,” Don Steinberg, CEO of MCOA, stated in a news release prior to the launch party (http://nnw.fm/BCKa4). “California’s cannabis delivery regulations, which were implemented earlier this year, introduced a new burgeoning market that VivaBuds will not only benefit from, but also help set the industry standard by contributing to California’s cannabis revenue surge.”
Steinberg announced in April that MCOA had acquired a 20 percent ownership interest in Natural Plant Extract of California (“NPE”), a licensed manufacturer, distributor and retail delivery service for volatile cannabis products in California (http://nnw.fm/TXt3J). The deal established a joint venture to create VivaBuds, which serves as the marketing arm for a new retail cannabis delivery service, launched earlier by NPE subsidiary Northern Lights Distribution in California.
The VivaBuds rollout remains in full swing, with the VivaBuds mobile application live on Google Play and available for download on all Android devices (http://nnw.fm/Ms1mv). Customers using the app can also learn more about customizing their own buying experiences, how to enjoy premium cannabis products at wholesale pricing and how to become a ‘BlazeMaster’ and earn a commission on a referral basis.
MCOA recently reported that its joint venture subsidiary, Covered Bridge Acres Ltd. (“CBA”), has started generating revenue through operations at its hemp farm in Scio, Oregon. Through a combination of the sales of raw biomass, plantlets, CBD crude oil and CBD distillate produced from various processing test runs along with other farm operations, CBA generated $525,500 in its first year of operation (http://nnw.fm/HZCa7).
NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://nnw.fm/MCOA
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