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.
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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.
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