Shares of Marijuana Company of America (OTC: MCOA) are up 4.81% after the company this morning said that its joint venture partner, Bougainville Ventures, Inc., has initiated construction on a 30,000 square foot cultivation facility in Washington state. The construction on the site that is intended to comprise of a total of six greenhouses is expected to be completed in February 2018. The delivery of the first pre-designed greenhouses stocked with full tracking and reporting protocols is expected to be completed this week. Additionally, MCOA has an option to purchase further adjoining acreage to expand in the area. “The attainable goal for the joint venture is to deliver the finished project early in Q1 2018 so that our tenant can begin producing revenues shortly thereafter,” Marijuana Company of America CEO Donald Steinberg stated in the news release.
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Marijuana Company of America, Inc. (MCOA) Provides Update on Cultivation Facility Construction
