- Marijuana
Company of America has begun accepting signups for its San Fernando
Valley-based Viva Buds cannabis delivery venture as the official August
launch draws near
- Viva
Buds offers consumers the opportunity to not only receive cannabis
products at a low market price but also to earn income from referring the
service to others
- MCOA
recently announced an LOI for a joint venture designed as a large farming
operation for hemp-based CBD production, extractions and sales
Marijuana Company of America Inc. (OTCQB: MCOA) continues
to build steam in its efforts to light up the enormous California cannabis
market, announcing an expanded hempSMART product line and the prelaunch of
signups for its premier cannabis distribution service and home cannabis
business fostering strategy.
MCOA announced during the spring that it would partner with
Natural Plant Extracts of California to form the joint venture Viva Buds, a
Southern California tetrahydrocannabinol (THC)-based cannabis delivery service
that will offer customers a line of high-quality products at low prices, with
the added benefit of being able to build their own personal cannabis businesses
if they wish (http://ibn.fm/tphFV).
More recently, MCOA announced plans to form an additional JV
with Essence Farms LLC that will create the Riverside Hemp Project to grow,
cultivate, manufacture, extract and sell legal hemp and hemp-derived
cannabidiol (CBD) on a large California farming operation (http://ibn.fm/2h9tY).
The company’s hempSMART brand provides wellness industry
consumers with full-spectrum, natural extracts designed to support the body’s
endocannabinoid system in balancing cells and systems of the human body. The
just-launched hempSMART Body Cream product is the latest addition to the
lineup, formulated with 300mg of organically grown, full-spectrum,
non-psychoactive CBD to replenish, restore and rejuvenate skin cells for
improved elasticity, supple texture and healthy radiance (http://ibn.fm/8fPl9).
“The new hempSMART Body Cream is a major advancement in the
wellness arena,” hempSMART Medical Advisory Board Chairwoman Paula Vetter
stated in a news release. “The cream is completely free of toxins that are
commonly found in many skin care products and absorbed through the skin and
into the blood stream. Instead, hempSMART’s Body Cream is a topical wellness
solution that sets a new standard in the industry by improving the overall
health of skin with each use.”
The announcement states that the cream’s formulation is rich
in omegas 3, 6, 7 and 9, along with naturally occurring plant ceramides to
build a strong and vibrant cellular matrix deep within skin layers, and it
includes botanicals such as organic aloe, sacha inchi oil, argan kernel oil,
macadamia nut oil, rose hip seed oil, frankincense, tulsi, pomegranate seed
oil, ashwagandha, turmeric oil, coconut oil and sea buckthorn oil.
The hempSMART brand was the key to driving the company’s 840
percent year-over-year increase in total revenues last year (http://ibn.fm/SD9Yf). Gross
profits increased from a 47 percent gross margin to a 68 percent gross margin
during the year, while the company’s net loss from operations dropped by 82
percent.
The company’s Viva Buds venture is getting on its feet in
the San Fernando Valley, with a live virtual launch party anticipated for
August 9 to mark the official commencement of its operations. The beginning of
signups for its delivery service through its web portal allows customers the
opportunity to make referrals prelaunch and use the “call your friend” approach
to building their own businesses.
“We are excited to be a partner in what we believe will be a
game changing and disruptive delivery model in the marketplace,” Natural Plant
Extracts of California CEO Alan Tsai added. “We offer an incentivized program
that is mutually beneficial for our customers as well as the company.”
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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