Marijuana Company of America, Inc. (OTC: MCOA), alongside Global Hemp Group, Inc. (OTC: GBHPF) (CSE: GHG), this morning released a final report summarizing the first phase of the two companies’ industrial hemp project in New Brunswick, Canada. Per the update, the partners successfully cultivated industrial hemp during the 2017 growing season in an effort to ensure that the plant could be productive under New Brunswick growing conditions. In preparation for proposed changes to Canadian legislation that will permit cannabidiol extraction from industrial hemp, the partners have now turned their attention toward the next season of crops, with a minimum of 125 acres of hemp cultivation planned for 2018. The two companies have set a goal of increasing the acreage under cultivation to 1,000 acres by year three of the project. “We are excited to complete the first phase of industrial hemp trials in Canada, and we look forward to continue expanding operations in Canada,” Donald Steinberg, CEO of MCOA, stated in the news release. “Our joint venture with GHG allows MCOA the opportunity to expand the Company’s operations on an international level. Both Companies are excited about the endless possibilities for hemp derived CBD product this year in Canada.”
To view the full press release, visit http://dtn.fm/LFx2l
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About Marijuana Company of America, Inc.
MCOA is a corporation engaged in business including, but not limited to: (1) product research and development of legal hemp-based consumer products containing CBD under the brand name “hempSMART™”, that 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 recreations 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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