NetworkNewsBreaks – Marijuana Company of America
Post# of 969
Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced expected completion of the manufacturing and distribution facility for its Viva Buds cannabis delivery service by August 2019. In April, MCOA announced its 20% ownership interest acquisition of Natural Plant Extract of California (“NPE”), establishing a joint venture to create Viva Buds Inc., a unique Los Angeles, California-based cannabis delivery service. “We are making tremendous progress through our partnership with NPE and the rollout of our licensed cannabis manufacturing facility,” MCOA Board Member Edward Manolos said in the news release. “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.”
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