Marijuana Company Of America, Inc. (MCOA) Announces Letter Of Intent To Launch – VapeTV U.S.

LOS ANGELES, CA – November 3, 2021 – Marijuana Company of America, Inc., a diversified holding company with operations

and investments throughout the cannabis industry, today announced the signing of a non-binding letter of intent (“LOI”)

for the formation of a new in-store advertising business to be called VapeTV US, Inc.

MCOA’s wholly owned distribution company, cDistro, Inc., will own 25% of the VapeTV US business,

partnering with VapeTV Ltd. of the United Kingdom and Jasleen Enterprises LLC, the owner of Vapor Maven.

VapeTV UK is Europe’s leading provider of in-house media for the vaping industry, providing in-store display systems

for retail vape stores that run paid advertising content for consumer appreciation.

Vapor Maven is the country’s fastest growing chain of retail vape shops with close to 200 locations, across six states, headquartered in Springdale, Arkansas.

Mike Shaw, the Founder of VapeTV UK, commented “We are excited to initiate the U.S. market version of the highly successful and lucrative VapeTV business.

By launching with Vapor Maven’s nearly 200 retail locations and by leveraging cDistro’s active customer database of more than 65,000 retail vape stores in the U.S.,

we anticipate an accelerated delivery of VapeTV advertising content to U.S. consumers.

We believe that the high level of competition among the thousands of individual smoke, vape and CBD brands vying to sell

in the U.S. will result in a high demand for the in-store media advertising space and content VapeTV US plans to provide.”

About Marijuana Company of America, Inc.

Marijuana Company of America operates and invests in the cannabis sector directly. The Company’s operations include

C-Distro, one of the THC, Hemp & CBD cannabis industries fastest growing distribution companies, hempsmart™,

a Premium CBD company, and a cannabis nursery cultivation facility in Salinas, California

that is a cultivator and distributor utilizing its own growing systems to produce desirable cannabis clones.

The company’s core mission is to leverage its experience, and access to capital to identify and invest in acquisitions with unique growth potential.

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Subsidiary of MCOA Marijuana Company Of America. November 2021

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