Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today provided an update on its joint venture hemp project in Scio, Oregon, operated through Covered Bridge Acres (“CBA”). According to the update, the hemp farm has remained in operation through the Coronavirus pandemic as allowed by the state of Oregon. CBA is taking all necessary precautions required to operate in a safe and responsible manner with sufficient space to enable the team to spread out widely throughout the property while carrying out daily activities to prepare the farm for the 2020 cultivation. Since the 2018 acquisition of the Scio farm, the CBA team has grown CBD hemp, for the sale of both biomass and flower. In light of the current market conditions for these products, due to overproduction in 2019 and slower than expected sales during the pandemic, CBA is changing its 2020 focus to production of high quality CBG (Cannabigerol) flower in its greenhouses. This “artisanal grown” CBG flower will supply the smokable flower market, which has seen an increase in demand and has continued to hold its price in light of the current pressures in the CBD market.
To view the full press release, visit http://cnw.fm/Kmf5H
About Marijuana Company of America Inc.
MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit 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
HempWire (HW) is a dedicated information provider focused on (1) aggregating hemp-related news, (2) issuing HempNewsBreaks designed to update investors on the latest developments in the hemp market, (3) enhancing corporate news releases, (4) providing full-service distribution and social media offerings to public and private client-partners and (5) designing and implementing all-inclusive corporate communication solutions. HW is strategically positioned within the rapidly expanding hemp sector with a team of journalists working to help a growing roster of public and private companies reach a wide audience of investors, consumers and members of the media. We leverage a vast network of more than 5,000 key syndication outlets to deliver unparalleled visibility, recognition and content to the hemp industry. HempWire (HW) is where HEMP news, content and information converge.
To receive instant SMS alerts, text HEMPWIRE to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.HempWire.com
Do you have questions or are you interested in working with HW? Ask our Editor
HempWire is part of the InvestorBrandNetwork.