Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) its Joint Venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (FRANKFURT: GHG) announced this morning that clone production at their Scio, Oregon High Yielding CBD Hemp project is in high gear for the 2019 season. The partners are preparing for an “as early as possible” planting this year with preparations underway for planting of this year’s crop to begin in late May to early June, providing an additional 45 to 60 days of growing time compared to last year. This expanded timeframe will allow the hemp plants to grow considerably larger and generate a greater quantity of biomass. In 2019, the project will cover cultivation of three high-CBD hemp strains, substantial biomass yield, and ultra-low THC levels, in addition to superior pest resistance and disease tolerance. The strains also have a shorter flowering period, allowing for an earlier harvest before the region’s usual fall rainy season. The project’s operating company, Covered Bridge Acres (“CBA”), has also received its registration to cultivate hemp for 2019 from the Oregon Department of Agriculture. CBA is now registered, also for the 2019 season, to produce or handle agricultural hemp seed, enabling the company to establish a breeding program that will potentially generate additional revenue for the project.
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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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