Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, has entered into a collaboration and mutual strategic investment with Marijuana Company of America (OTCQB: MCOA), an innovative hemp corporation. As part of the strategic investment, both companies seek to expand the partnership, fully leveraging favorable resources of both companies in response to the diverse market demand for their products. Under the agreement, MCOA and CBGL have agreed to a share exchange arrangement in which both parties received $650,000 in value of shares from each respective company. “We are excited about this strategic partnership and will leverage the strengths of MCOA’s sales and marketing expertise and CBGL’s ability to manufacture CBD infused products,” MCOA CEO Jesus M. Quintero said in the news release. “This will serve us well as we anticipate launching our first ever HempSMART(TM) Private label brand CBD infused beverage line and launching worldwide. This deal makes strategic sense and demonstrates the intrinsic value of our business, our vision and future.”
To view the full press release, visit https://cnw.fm/9bEj0
About Cannabis Global Inc.
Cannabis Global, formerly known as MCTC Holdings Inc., is a fully audited and reporting company with the U.S. Securities & Exchange Commission, trading with the stock symbol CBGL. The company is an emerging force in cannabinoid sciences and highly bioavailable hemp and cannabis infusion technologies. Cannabis Global has an actively growing portfolio of cannabis investments and intellectual property, having filed six provisional patents relative to the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The company markets its consumer products under the Hemp You Can Feel(TM) brand name. Cannabis Global launched its Project Varin early in 2020 to develop new delivery methods for rare cannabinoid tetrahydrocannabivarin (“THV-C”) and develop products based on this and other rare cannabinoids. For more information, visit the company’s website at www.CannabisGlobalInc.com.
NOTE TO INVESTORS: The latest news and updates relating to MCTC are available in the company’s newsroom at http://cnw.fm/CBGL
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CannabisNewsWire.com
Do you have questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire is part of the InvestorBrandNetwork.