Innovative hemp and cannabis corporation Marijuana Company
of America Inc. (OTC: MCOA) this morning issued an update on its joint venture
project in New Brunswick, Canada, with partner Global Hemp Group Inc. (CSE:
GHG) (OTC: GBHPF). The companies highlighted the recent installation of an
industrial scale dryer from Cann Systems at the site as a significant milestone
moving forward; the dryer will play a key role in drying the biomass, an important
first step in the extraction of cannabinoids from the hemp plant. The companies
also spoke to the impact of an ongoing drought in the region, which “has
complicated matters as the hemp plants have tended to be shorter than usual.”
Per the release, the hemp plants are displaying very healthy and weighty
inflorescence despite the drought, and the companies suggest that they may even
“produce more biomass as a result of stress from competition with weeds and the
effects of the drought.”
To view the full press release, visit http://ibn.fm/jx7b5
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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