ESCONDIDO, Calif. – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, today announced that the Company’s manufacturing and distribution facility for its Viva Buds cannabis delivery service is expected to be completed and fully functional by August 2019.
MCOA announced in April that it had acquired a 20% ownership interest in Natural Plant Extract of California (“NPE”) to establish a joint venture to create Viva Buds Inc., a unique cannabis delivery service based in Los Angeles, California.
“We are making tremendous progress through our partnership with NPE and the rollout of our licensed cannabis manufacturing facility,” said Mr. Edward Manolos, Board Member of MCOA. “Our commitment to compliance will put Viva Buds ahead of the competition in California at a time when many license holders are still awaiting permits. Such permits are difficult to attain for manufacturers currently using volatile extraction methodologies, due to stringent regulations on California’s Manufactured Cannabis Safety.”
“Our joint venture partnership with NPE will allow us to become more competitive within the burgeoning cannabis industry in Southern California,” said Mr. Don Steinberg, CEO of MCOA. “Once completed and launched, Viva Buds will offer consumers a line of high-quality products at low prices along with the ability to build their own personal cannabis business.”
The Lynwood, California manufacturing facility is licensed for the volatile manufacturing, distribution and retail delivery of cannabis products. NPE’s volatile manufacturing process is an efficient and cost-effective extraction process that will help distinguish NPE from others that use extraction.
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.
About Natural Plant Extracts of California
NPE is a fully licensed cannabis manufacturing, distribution and non-store front retail delivery. The Company has secured its licenses with the state of California and city of Lynwood, CA. For more information about the Company, please visit its website at https://nldistribution.com
