Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today
announced expected completion of the manufacturing and distribution facility
for its Viva Buds cannabis delivery service by August 2019. In April, MCOA
announced its 20% ownership interest acquisition of Natural Plant Extract of
California (“NPE”), establishing a joint venture to create Viva Buds Inc., a
unique Los Angeles, California-based cannabis delivery service. “We are making
tremendous progress through our partnership with NPE and the rollout of our
licensed cannabis manufacturing facility,” MCOA Board Member Edward Manolos
said in the news release. “Our commitment to compliance will put Viva Buds
ahead of the competition in California at a time when many license holders are
still awaiting permits. Such permits are difficult to attain for manufacturers
currently using volatile extraction methodologies, due to stringent regulations
on California’s Manufactured Cannabis Safety.”
To view the full press release, visit http://ibn.fm/S1yxI
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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