NetworkNewsBreaks – Marijuana Company of America
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Posted On: 05/14/2019 3:53:41 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Enters LOI for Large Hemp Farming Operations in California
Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this morning announced its entry into a Letter of Intent (“LOI”) with Essence Farms, LLC to form a joint venture (“JV”) called the Riverside Hemp Project. According to the update, the focus of the JV is to run California farming operations for the purpose of growing, cultivating, manufacturing, extracting and selling legal hemp and hemp-derived CBD. “MCOA strives to be a leader in producing and distributing hemp, and we believe this joint venture will allow the Company to further its vision by establishing itself as a premier company in the hemp sector,” Marijuana Company of America CEO Don Steinberg said in the news release. “With the ongoing return of net profits this project is expected to provide MCOA, we are confident that signing this Letter of Intent is another strategic step for the Company and we look forward to expanding further in both the cannabis and hemp markets in California. If all goes according to plan, this will by far be the most financially successful venture the Company has been involved in.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this morning announced its entry into a Letter of Intent (“LOI”) with Essence Farms, LLC to form a joint venture (“JV”) called the Riverside Hemp Project. According to the update, the focus of the JV is to run California farming operations for the purpose of growing, cultivating, manufacturing, extracting and selling legal hemp and hemp-derived CBD. “MCOA strives to be a leader in producing and distributing hemp, and we believe this joint venture will allow the Company to further its vision by establishing itself as a premier company in the hemp sector,” Marijuana Company of America CEO Don Steinberg said in the news release. “With the ongoing return of net profits this project is expected to provide MCOA, we are confident that signing this Letter of Intent is another strategic step for the Company and we look forward to expanding further in both the cannabis and hemp markets in California. If all goes according to plan, this will by far be the most financially successful venture the Company has been involved in.”
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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