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.”
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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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