Tag: LOS ANGELES

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Cannabis Global in Definitive Agreement to Acquire Caliwanna

LOS ANGELES, CA March 14, 2022 Cannabis Global, Inc. announces the signing of a definitive agreement between the Company and the owners of Caliwanna brands for comprehensive marketing and sales integration and acquisition of the Caliwanna cannabis brands.

Under the terms of the agreement, the highly experienced Caliwanna marketing team will immediately launch three of Cannabis Global’s cannabis products – edibles, infused prerolls, and live rosin – into the California marketplace.

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In addition, all Caliwanna products will now be sold under the cannabis license owned by Cannabis Global’s majority-owned subsidiaries, Natural Plant Extract of California, and Northern Lights Distribution.

Management of Cannabis Global expects the agreement to result in significant incremental revenue generation beginning immediately.

“This is so much more than just an acquisition of successful cannabis brands, although we are of course excited to begin marketing Caliwanna’s Brands effectively immediately” commented Arman Tabatabaei, CEO of Cannabis Global.

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Arman Tabatabaei, CEO of Cannabis Global.

“In addition to meaningfully expanding our brand footprint, we are also gaining experienced sales and marketing executives via the addition of the principals of Caliwanna to our team.

Caliwanna already sells products in several dozen California cannabis retail establishments. We plan to see our innovative products in this sales channel very quickly.”

 

 

 

 

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MCOA Subsidiary cDistro Signs Distribution Agreement – Award Winning – Realize Hemp Drinks

LOS ANGELES, CA January 18, 2022 / Marijuana Company of America, today announced that its wholly owned subsidiary cDistro, has reached an agreement with Realize Hemp Drinks to immediately begin distribution to retailers of its award winning, Realize Raspberry Drink Mix infused with CBD & THC for the first time on a nationwide basis.

A convenient mix offering both terrific taste & an energizing effect

 

cDistro (Retail Service / Wholesale Prices) distributes CBD brands, along with smoke and vape shop related products to wholesalers, c-stores, specialty retailers, and consumers in North America. cDistro will initially be selling and distributing the Realize Hemp Drink’s Raspberry Drink Mix (5MG THC + 50MG CBD per drink) and new Citrus-Mango Drink Mix (10MG THC + 50MG CBD per drink).

Realize Hemp Drinks are made with CBD & THC, derivatives of hemp. The drinks are legal due to the 2018 Farm Bill that removed hemp products containing less than 0.3% THC from the Controlled Substances Act. Realize’s Raspberry Drink Mix is well below the legal limit of 0.3% THC making it federally legal to buy (Reference: 2018 Farm Bill (Sections 10113, 10114, 12610).

Cannabis Global

MCOA indicated plans to have all Realize Hemp Drinks products third party tested to ensure that it remains in complete compliance with the Federal 2018 Farm Bill. According to Fortune Business Insights report, titled, “Cannabis Beverages Market, 2021-2028.,”

The global cannabis beverages market size was USD 574.90 million in 2020. The market is slated to grow from USD 915.06 million in 2021 to USD 19,063.58 million in 2028 at a CAGR of 54.31% in the 2021-2028 period. According to Jesus Quintero, CEO and Chairman of MCOA, “We are excited for cDistro to begin its sales and distribution efforts on behalf of Realize Hemp Drinks. Once again as part of our new initiatives, this represents our growth, and the overall roll we play as an intrinsic part of the future in the cannabis marketplace. We are thrilled to introduce innovative new products to the cannabis community and directly to cDistro’s nationwide retail customers. As the cannabis market continues its expansion into various sectors, we are poised to meet the needs of the market at every point.”

“At the October 2021 USA CBD Expo (now the Alternative Products Expo), the Realize Raspberry Drink Mix was awarded the ‘Most Innovative CBD Product’ and we are excited to provide Realize Hemp Drinks with industry-leading sales and service execution to the nation’s largest and fast-growing national leaders in the retail channel,” said Ron Russo, cDistro’s President. According to Realize Hemp Drinks, “We have been impressed with cDistro’ commitment to distributing and selling unique and strong brands in the industry. We are very excited to team with cDistro to immediately impact our explosive growth.”

About Marijuana Company of America, Inc. (OTC: MCOA) Marijuana Company of America operates and invests in the cannabis sector directly. The Company’s wholly owned operations include: CDistro, one of the THC, Hemp & CBD cannabis industries fastest growing distribution companies.

hempsmart™, a Premium CBD company. VBF Brands, Inc., 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 in the cannabis and CBD marketplace. For more information visit: www.marijuanacompanyofamerica.com.

 

 
   

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