Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced that the company has begun its 2019 harvest at its CBD hemp farm in Scio, Oregon. MCOA, with its joint venture partner, Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG), has created joint venture subsidiary, Covered Bridge Acres Ltd. (“CBA”), which owns the hemp biomass that spans 35 acres and incorporates environmentally-friendly and biodegradable methods. “The initial results of this harvest in Oregon are incredibly promising,” Marijuana Company of America CEO Donald Steinberg said in the news release. “Our commitment to growing only of the most robust and quality plants are providing us with excellent returns that we are confident will be greatly appreciated by our growing customer base. As demand for CBD products continues to escalate, we remain focused on expanding our market footprint, enhancing brand recognition and capturing additional market share. We believe that this harvest is an important step in our growth trajectory and in establishing ourselves as a market leader in this emerging industry.”
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About Marijuana Company of America Inc.
MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), 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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