NetworkNewsBreaks – Marijuana Company of America
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Posted On: 08/21/2018 5:56:55 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Issues Update on New Brunswick Joint Venture
Marijuana Company of America Inc. (OTC: MCOA), along with joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF), this morning issued an update on its CBD hemp farming joint venture in New Brunswick, Canada. The goal of the hemp project is, in part, to produce hemp biomass that can be used for the extraction of cannabinoids. In anticipation of Canada’s implementation of the Cannabis Act on October 17, 2018, which will allow for the processing of the entire hemp plant, MCOA and Global Hemp Group have commenced preparation work at the 4,000 sq. ft. Bathurst facility to facilitate the installation of drying equipment capable of processing 125 acres of flowers and leaves from the 2018 cultivation. The biomass dryer is expected to be installed before the end of August, with dried flowers and leaves being stored until the mid-October regulatory changes take effect. Per the update, once proper licenses have been acquired for importing and manufacturing finished CBD products, the Bathurst facility may also be used as a distribution center for the company’s hempSMART™ products, which are currently manufactured and distributed in the U.S.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Marijuana Company of America Inc. (OTC: MCOA), along with joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF), this morning issued an update on its CBD hemp farming joint venture in New Brunswick, Canada. The goal of the hemp project is, in part, to produce hemp biomass that can be used for the extraction of cannabinoids. In anticipation of Canada’s implementation of the Cannabis Act on October 17, 2018, which will allow for the processing of the entire hemp plant, MCOA and Global Hemp Group have commenced preparation work at the 4,000 sq. ft. Bathurst facility to facilitate the installation of drying equipment capable of processing 125 acres of flowers and leaves from the 2018 cultivation. The biomass dryer is expected to be installed before the end of August, with dried flowers and leaves being stored until the mid-October regulatory changes take effect. Per the update, once proper licenses have been acquired for importing and manufacturing finished CBD products, the Bathurst facility may also be used as a distribution center for the company’s hempSMART™ products, which are currently manufactured and distributed in the U.S.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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