Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this
morning announced that it mailed a letter to its shareholders on May 1, 2019 to
update them on recent developments and new business opportunities. Per the
update, the letter provided information regarding the company’s two current,
pending acquisitions, a review of its recent financial and operating
performance, and details of its new Viva Buds(TM) brand that will serve as a
manufacturing, distribution and retail delivery service for cannabis products
in the state of California. “Our shareholder letter addresses our hemp research
and growth business expansion, and the two joint ventures we started with
Global Hemp Group Inc. last year, which includes a working hemp farm in Oregon
that just comleted its successful first harvest in late 2018,” MCOA Chairman
and CEO Don Steinberg said in the news release. “We are confident to now be
strategically positioned to drive more revenue and expand exponentially into
new markets with our products and business growth methods.”
To view the full press release, visit http://ibn.fm/MEqmp
About Marijuana Company of America Inc.
MCOA participates in: (1) product research and development
of legal hemp-based consumer products under the brand name hempSMART, which
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.
NOTE TO INVESTORS: The latest news and updates
relating to MCOA are available in the company’s newsroom at http://ibn.fm/MCOA
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