The premium cannabis delivery service expands operations within California, the world’s largest legal cannabis market
Now Delivering in Your Area
In April, the Company announced it had acquired a 20% ownership interest in Natural Plant Extract of California (“NPE”) to establish a joint venture to create VivaBuds, a California marijuana delivery company that offers customers a dynamic opportunity to purchase low-cost premium cannabis products directly from farmers using a “Tell a Friend” approach. For more information, please visit a VivaBuds website Budmaster.VivaBuds.com
ESCONDIDO, Calif., Sept. 04, 2019 (GLOBE NEWSWIRE) — via NetworkWire -– MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA) (OTCQB: MCOAD), an innovative hemp and cannabis corporation, announced the official launch of its premium cannabis delivery service, VivaBuds, in the San Fernando Valley, California. Click below vvv To Order!!!
According to an August 15, 2019 Los Angeles Times article, California is on pace to secure $3.1 billion in licensed cannabis sales in 2019, representing the largest legal marijuana market in the world. Legal sales have increased from approximately $2.5 billion in 2018, the first year of licensed cannabis sales in California, according to the analysis by sales-tracking firms Arcview Market Research and BDS Analytics.
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” that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.
Legal Status of Cannabis While legalized in California for recreational and medicinal use, cannabis remains a Schedule 1 drug under the Controlled Substances Act (21 U.S.C. § 811) and illegal under the federal law.
Forward Looking Statements This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, “intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.
Como usted sabe, VivaBuds está abriendo el camino al proporcionar productos de cannabis premium directamente de la granja al consumidor utilizando el enfoque probado y verdadero “Cuéntele a un amigo”. Te invitamos a unirte ahora para nuestra entrega en vivo comienza este lunes. Listo, humo, vete. Gracias por su consideración.
Tonight’s the night to join Caren and Vanessa for this week’s training and updates! Tell a friend and have them join with you as Budmasters! Must become a PremiumCustomer to get you on the call! We are giving away swag to one lucky person! Click below to get a reminder to join the conversation!
Have you ever just wanted to order a Great Smoke and hate having to run to the ATM? Out of Cash? Now Order with Confidence and Get Your Delivery From Viva Buds! Just use this Link to Join for Free and Get Free
Company’s joint venture subsidiary, Covered Bridge Acres Ltd. (CBA), generated $525,500 in first year of operation
Harvest from the hemp farm in Scio, Oregon, runs across 35 acres and incorporates environmentally friendly and biodegradable methods
CBA is in the process of creating a prototype for an exceptionally innovative machine to reduce the farm’s labor cost
ESCONDIDO, Calif., Aug. 13, 2019 (GLOBE NEWSWIRE) — via NetworkWire — MARIJUANA COMPANY OF AMERICA INC.(“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, and joint venture partner Global Hemp Group Inc. (CSE: GHG/ OTC: GBHPF/ FRANKFURT: GHG) today announced that their joint venture subsidiary, Covered Bridge Acres Ltd. (CBA), has started generating revenue through operations at its hemp farm in Scio, Oregon.
Through a combination of the sales of raw biomass, plantlets, CBD crude oil and CBD distillate produced from various processing test runs, along with other farm operations, CBA generated $525,500 in its first year of operation.
In its most recent transaction, CBA sold 10,000 lbs of shucked biomass to an Oregon extraction facility for $400,000. The CBA team is currently working with this party, and a number of others, to complete the purchase of the remaining inventory.
Initially CBA was expecting to monetize the 2018 hemp biomass after entering into a processing agreement with Richardson Gap Farm LLC (RGF), as disclosed on May 18, 2019. However, RGF was unable to process CBA’s biomass due to unforeseen issues with its processing equipment. Although RGF produces high quality distillate, CBA was no longer willing to delay the monetization of its biomass any further and decided to sell the biomass to another extractor. With multiple offers on the table to purchase the biomass, CBA shucked the biomass (removed stalks and stems) and completed the sale.
CBA still has approximately 4,000 lbs of unshucked biomass out for processing into distillate by additional extractors, and will split the final product on a 50/50 basis with its joint venture partner, Marijuana Company of America, Inc. [OTC: MCOA]. Once processed, it will be sold along with inventory on hand (8 kg of 92% distillate that was processed by RGF from crude oil CBA received from other processors test runs). Recent sales of this type of distillate have been in the $4,000 per kg range.
Innovation and mechanization are key components to reducing labor costs on the farm. In preparation for the handling of this year’s harvest, the CBA team specifically designed a shucking machine to remove the flowers and leaves from the stalk and stems, and is in the process of fabricating a prototype, having reserved a small amount of biomass to test the equipment. Once shucked, the biomass will be processed into distillate for sale on the open market later this summer.
2019 Cultivation at the Scio, Oregon, Farm
A significantly larger quantity of biomass is expected from this year’s harvest as compared to the previous year, due to improved genetics, a longer growing season with earlier planting, and more plants in the ground. This year, the CBA team planted approximately 22% more plants at the farm (49,000 plants compared to only 40,000 in 2018). With the late start in 2018 due to timing of the farm acquisition, CBA’s access to higher quality genetics was limited. As a result, approximately 4,000 male plants were required to be culled from the field, netting approximately 36,000 plants at harvest. With improved more stable genetics this year, the number of male plants required to be culled from the field should greatly be reduced. In addition, cultivars planted this year are expected to produce higher CBD yield from improved genetics.
In addition, incentive stock options have been granted to Directors, Officers and Consultants of the Company to purchase up to an aggregate 5,750,000 common shares of the Company, pursuant to the terms of the Company’s stock option plan as approved by the shareholders on April 26, 2019. The stock options are exercisable at a price of $0.06 per share for a period of a five (5) years.
About VivaBuds
MCOA has joint ventured with Natural Plant Extract of California to form a premium cannabis delivery service serving the greater Los Angeles area called Viva Buds Inc. More information can be found on the website atClick on this Link to be a part of the Viva Buds Team or For More Information.Viva Buds offers customers a dynamic opportunity to purchase low-cost premium cannabis products and utilize the “call your friend” approach to build their own personal business.
About Our hempSMART Products Containing CBD
The United States Food and Drug Administration (FDA) has not recognized CBD as a safe and effective drug for any indication. Our products containing CBD derived from industrial hemp are not marketed or sold based upon claims that their use is safe and effective treatment for any medical condition as drugs or dietary supplements subject to the FDA’s jurisdiction.
Forward Looking Statements This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, “intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit http://www.sec.gov.
