Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this morning announced that it mailed a letter to its shareholders on May 1, 2019 to update them on recent developments and new business opportunities. Per the update, the letter provided information regarding the company’s two current, pending acquisitions, a review of its recent financial and operating performance, and details of its new Viva Buds(TM) brand that will serve as a manufacturing, distribution and retail delivery service for cannabis products in the state of California. “Our shareholder letter addresses our hemp research and growth business expansion, and the two joint ventures we started with Global Hemp Group Inc. last year, which includes a working hemp farm in Oregon that just comleted its successful first harvest in late 2018,” MCOA Chairman and CEO Don Steinberg said in the news release. “We are confident to now be strategically positioned to drive more revenue and expand exponentially into new markets with our products and business growth methods.”
To view the full press release, visit http://cnw.fm/uLp7Q
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://cnw.fm/MCOA
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