LOS ANGELES, Dec. 15, 2021 – Marijuana Company of America, Inc., a diversified holding company with operations and investments throughout the cannabis industry,
announces that it has recently completed the acquisition of VBF Brands, Inc. (“VBF”) a marijuana cultivator and distributor based in Salinas, California.
VBF was previously a wholly owned subsidiary of Sunset Island Group, Inc.
Based on the activity since the acquisition was consummated in Q3 2021, MCOA expects this transaction will continue to be highly accretive to the Company’s EBITDA
California continues to be the country’s largest legal cannabis market and offers tremendous market potential for MCOA with this acquisition that includes cannabis nursery,cannabis manufacturing/distribution and cultivation licenses.
We are confident that by providing this entity with capital and operational depth to the already impressive operations will increase the capacity, and greatly bolster our position in the California Cannabis market.“
VBF brands, Inc. has been a cultivator and distributor in Salinas, California, for the past two years and utilizes its own growing systems to produce popular cannabis clones that are proprietary certified clean, designed to assist growers by reducing uncertainty and enhancing the likelihood of a successful cultivation harvest.
Few growers offer the efficiency of VBF Brands, Inc., which provides greater efficiency and sustainable cultivation techniques to provide growers with access to locally grown, high-quality clones to grow cannabis flower.
Marijuana Company of America offers the highest quality premium-brand products and the opportunity to be at the vanguard of growth and innovation in the legal cannabis and industrial hemp industries. Look Ahead to Inspirational Technologies “Hemp Talk” Coming Soon
MCOA acquired VBF Brands, Inc. in October 2021 and is a fully multi-licensed cannabis cultivator and distributor based in Salinas, California that and for the past two years has been utilizing its proprietary growing systems to produce desirable cannabis clones that are certified clean and designed to assist growers in reducing crop uncertainty and enhancing the likelihood of successful cultivation harvests.
VBF brands have a strong reputation with its existing customer base for high-quality clones and its unique use of its growing space.
The Company employs multi-tiered vertical growing which exponentially increases the square footage of its Salinas, California facility. VBF Brands, Inc., provides greater efficiency and sustainable cultivation techniques to provide growers with access to locally grown, high-quality clones to grow cannabis flower. Clones are cultivated in an expedient manner and sold for use to other cannabis flower growers that no longer have to wait six months to cultivate and sell.
MCOA expects to work immediately towards increasing production at the current Salinas facility that also offers exponential growth potential with other nearby properties that MCOA has an option to participate in as part of the acquisition.
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Subsidiary of MCOA Marijuana Company Of America. December 2021
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