Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA), together with
joint venture partner Global Hemp Group (CSE: GHG) (OTC: GBHPF) (FRA: GHG),
this morning announced the start of commercial planting at its Scio, Oregon
hemp farm. Per the update, the farm, operating under the name Covered Bridge
Acres Ltd. (“CBA”), has prepared the 35-acre property for planting and is now
in the process of laying the last of the mulch and drip line and obtaining
organic certification. This year’s hemp plants were produced from either
sprouted seed or through CBA’s onsite cloning operation, and have higher
quality and more stable genetics than those planted last year. The team expects
to plant 40,000 to 50,000 plantlets this year, with a range of 12 percent to 15
percent CBD content.
To view the full press release, visit http://ibn.fm/W0qmG
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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