Marijuana Company of America, Inc. (OTC: MCOA) this morning posted an update on its New Brunswick Hemp Project with joint venture (“JV”) partner Global Hemp Group (CSE: GHG) (FRANKFURT: GHG) (OTC: GBHPF). Per the update, the partners have hired Joan Parker-Duivenvoorden as a fulltime project agrologist and field manager. Parker-Duivenvoorden will be responsible for the project locally and will provide advisory services to participating farmers and develop training resources to support farmers who will join the project in the future. Currently, four farmers have signed contracts and started seeding this season’s 125-acre industrial hemp crop last week. Additionally, the companies have secured a 4,000 sq. ft. facility in Bathurst, New Brunswick for biomass storage and to install drying equipment that will be used to process the fresh material. The site may also serve as a distribution center for the hempSMART™ and Benihemp line of products, upon acquiring proper licenses for importing and manufacturing finished CBD products.
To view the full press release, visit http://ibn.fm/ORLeu
About Global Hemp Group Inc.
Global Hemp Group (“GHG”) is a publicly traded company founded in 2014, headquartered in British Columbia, Canada with base operations in Montreal and Los Angeles. The Company is focused on the cultivation of hemp and the extraction of cannabinoids, and collaboration with companies that will enable GHG to develop and implement the Hemp Agro-Industrial Zone (HAIZ) concept. Through partnerships, joint ventures and acquisitions, the Company will capture cash flow, revenues and value, and establish a greater collective valuation. For more information, visit the company’s website at www.GlobalHempGroup.com
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 recreations 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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