Marijuana Company of America (OTC: MCOA) has established a commanding presence in the cannabis and industrial hemp cannabidiol (“CBD”) markets, as well as the related services supply chain, creating an umbrella over a diverse portfolio of cannabis- and hemp-based companies. In positioning for continued growth of the booming market, with projections that global sales of cannabis will climb to $31.4 billion (http://cnw.fm/Y0xp2), a recent article highlights a strategic joint venture, “In September 2017, MCOA entered into a joint venture with Global Hemp Group Inc. (OTC: GBHPF) (CSE: GHG), a Canadian public company, focused on conducting an industrial hemp pilot program in New Brunswick, Canada (http://cnw.fm/q5Q1j). MCOA will be collaborating with Global Hemp Group to assist in the eventual development of a commercial industrial hemp cultivation project. Currently, the companies are conducting the first phase of hemp cultivation trials, the results of which will be used to establish commercial cultivation in 2018. In the first year of the joint venture, MCOA has shared the costs of the ongoing hemp trial, provided its expertise in developing hemp cultivation and granted a right of first refusal for Global Hemp’s output. The project is also receiving research support from Collège Communautaire du Nouveau Brunswick (CCNB) located in Bathurst, New Brunswick, and cultivation consulting from Space Cowboys, Inc.”
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Marijuana Company of America, Inc. (MCOA) Further Strengthens Positioning in the Cannabis and Industrial Hemp CBD Markets
