- Company
recently launched wellness products and an affiliate opportunity in the UK
- Extraction
test batches are expected to help determine the final sales terms for the
company’s 2018 harvest
- MCOA
is currently focused on the production of approximately 50,000 clones and
the early stages of micropropagation techniques
- Company
seeks to take advantage of every profit point, from seed to finished
product
As an umbrella company, Marijuana Company of America Inc. (OTCQB: MCOA) provides
turnkey services to the legal cannabis and industrial hemp industries by
delivering recognized brands through unique marketing and distribution
subsidiaries. In the last few months, the company has announced an affiliate
program and updated investors on the progress of a joint venture focused on the
extraction of its 2018 hemp crop. The company is also working toward cloning
the 2019 hemp crop, with its eyes on additional scientific advances for an even
higher yield in the future. Strategically, MCOA is focusing on creating green,
sustainable hemp-based products and technologies that provide a lasting
positive impact.
The company officially launched its hempSMART wellness
products and affiliate opportunity in the United Kingdom during a March event
in London. hempSMART’s wellness and personal care products are created from
organically grown, hemp-based CBD and synergistic botanicals. The company’s
launch opportunity included an in-depth overview of the CBD industry, as well
as marketing and compensation plans for associates interested in beginning
their own businesses. hempSMART is encouraging new global affiliates to join in
the company’s vision of promoting physical, financial and planetary health.
On April 1, the company and its joint venture partner,
Global Hemp Group, provided an update regarding the processing of the 2018 hemp
harvest from the joint venture’s Scio farm, as well as the cloning process for
the 2019 harvest and planned expansion (http://ibn.fm/3D0Zc).
The release notes that the Scio farm team has prepared
processing samples from the 2018 harvest for several Oregon-based extraction
companies. The samples range in size from 100 lbs. to 2,000 lbs. Results from
the extraction test batches are expected within the next week or two. These
results will help determine the final terms of the sale of the harvested hemp
biomass. Local farmers have also expressed an interest in working with the
joint venture to grow hemp in 2019. The company is evaluating this opportunity
and others as it looks to expand operations in Oregon.
In addition, the farm team is working toward production of
approximately 50,000 clones. These clones are expected to reduce and possibly
eliminate the need to acquire additional seeds or clones. Once the needed
number of clones are produced from the initial 400 “mother” plants, they will
be relocated to the propagation greenhouse to root. When viable, the clones
will be planted on the lower 35 acres of the Scio farm for the 2019 season. The
planting is expected to take place in late May or early June.
MCOA has also begun preliminary exploration into the
micropropagation of hemp plants. The company believes that micropropagation
techniques can more efficiently provide plants with higher-yielding and more
profitable CBD content than seeds or cloning.
For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
NOTE TO INVESTORS: The latest news and updates relating
to MCOA are available in the company’s newsroom athttp://ibn.fm/MCOA
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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