Innovative hemp and cannabis corporation Marijuana Company
of America Inc. (OTC: MCOA), alongside joint venture partner Global Hemp Group
Inc. (CSE: GHG) (OTC: GBHPF), this morning provided an update on the harvest at
its high yielding CBD hemp project in Scio, Oregon. Per the update, 2018
growing efforts at the Scio property spanned 33 acres of high yielding CBD hemp
grown in an orchard style cultivation. This year’s harvest included
approximately 37,000 hemp plants that produced roughly 24 tons of biomass,
despite a notably late start to the cultivation season. The drying process for
this harvest has been completed, with the farm producing 48,000 pounds of dried
biomass that is currently stockpiled in quarter ton super sacks utilizing a
total of about 4,000 sq. ft. of storage space. For the 2019 harvest, the
companies expect to begin planting on June 1, giving the hemp an additional
30-45 days of growing time, as compared to 2018. This additional time is
expected to result in much larger plants and significantly larger quantities of
biomass. The companies are likewise exploring a number of solutions that will
automate both harvesting and planting efforts for next year’s crop, making them
more efficient and less costly to complete.
To view the full press release, visit http://ibn.fm/fkXMG
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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