NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) and JV Partner in Negotiations Regarding Acquisition of Scio Farm Hemp Biomass
Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) and Global Hemp Group (CSE: GHG) (OTC: GBHPF) (FRA: GHG), its joint venture partner, today announced that they are in current negotiations with several Oregon-based cannabinoid extraction companies regarding the acquisition of the joint venture’s hemp biomass produced at the Scio farm from the 2018 harvest. Per the update, the Scio farm team has prepared processing samples ranging in size from 100 lbs. to 2,000 lbs. for the extraction companies. The biomass is being processed into CBD crude oil, with the option to further refine it into isolate or full spectrum oil in order to increase its market value. The partners expect current extraction test batch results by mid-April, which will serve as a basis for the final terms of the biomass sale.
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Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) and Global Hemp Group (CSE: GHG) (OTC: GBHPF) (FRA: GHG), its joint venture partner, today announced that they are in current negotiations with several Oregon-based cannabinoid extraction companies regarding the acquisition of the joint venture’s hemp biomass produced at the Scio farm from the 2018 harvest. Per the update, the Scio farm team has prepared processing samples ranging in size from 100 lbs. to 2,000 lbs. for the extraction companies. The biomass is being processed into CBD crude oil, with the option to further refine it into isolate or full spectrum oil in order to increase its market value. The partners expect current extraction test batch results by mid-April, which will serve as a basis for the final terms of the biomass sale.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
