$MCOA Escondido, California--(Newsfile Corp. - Mar
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Posted On: 03/20/2019 11:14:07 AM
$MCOA Escondido, California--(Newsfile Corp. - March 20, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"
, an innovative hemp and cannabis corporation, is pleased to announce that MCOA has entered into a letter of intent (LOI) with Natural Plant Extract of California (NPE) and its subsidiary, Northern Lights Distribution, LLC (NLD), to acquire a 20% ownership interest in NPE, and to establish a Joint Venture (JV) to operate a California cannabis delivery service named Viva Buds.
Under the terms of the LOI, MCOA has committed to contribute $2,000,000 in total cash to the project, as well as common shares of the Company with a value of $1,000,000. In exchange, MCOA will own a 20% equity position in NPE. In addition, both NPE and MCOA will form a JV to operate Viva Buds and will share in the profits on a 50/50 basis. Marijuana Company of America Acquires Interest in Licensed California Manufacturing & Distribution Company https://finance.yahoo.com/news/marijuana-comp...00169.html
, an innovative hemp and cannabis corporation, is pleased to announce that MCOA has entered into a letter of intent (LOI) with Natural Plant Extract of California (NPE) and its subsidiary, Northern Lights Distribution, LLC (NLD), to acquire a 20% ownership interest in NPE, and to establish a Joint Venture (JV) to operate a California cannabis delivery service named Viva Buds. Under the terms of the LOI, MCOA has committed to contribute $2,000,000 in total cash to the project, as well as common shares of the Company with a value of $1,000,000. In exchange, MCOA will own a 20% equity position in NPE. In addition, both NPE and MCOA will form a JV to operate Viva Buds and will share in the profits on a 50/50 basis. Marijuana Company of America Acquires Interest in Licensed California Manufacturing & Distribution Company https://finance.yahoo.com/news/marijuana-comp...00169.html
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