Marijuana Company of America Inc. (MCOA) Continues to Build Steam in California’s Cannabis Marketplace
- Marijuana Company of America has begun accepting signups for its San Fernando Valley-based Viva Buds cannabis delivery venture as the official August launch draws near
- Viva Buds offers consumers the opportunity to not only receive cannabis products at a low market price but also to earn income from referring the service to others
- MCOA recently announced an LOI for a joint venture designed as a large farming operation for hemp-based CBD production, extractions and sales
Marijuana Company of America Inc. (OTCQB: MCOA) continues to build steam in its efforts to light up the enormous California cannabis market, announcing an expanded hempSMART product line and the prelaunch of signups for its premier cannabis distribution service and home cannabis business fostering strategy.
MCOA announced during the spring that it would partner with Natural Plant Extracts of California to form the joint venture Viva Buds, a Southern California tetrahydrocannabinol (THC)-based cannabis delivery service that will offer customers a line of high-quality products at low prices, with the added benefit of being able to build their own personal cannabis businesses if they wish (http://nnw.fm/0qoVH).
More recently, MCOA announced plans to form an additional JV with Essence Farms LLC that will create the Riverside Hemp Project to grow, cultivate, manufacture, extract and sell legal hemp and hemp-derived cannabidiol (CBD) on a large California farming operation (http://nnw.fm/9SttL).
The company’s hempSMART brand provides wellness industry consumers with full-spectrum, natural extracts designed to support the body’s endocannabinoid system in balancing cells and systems of the human body. The just-launched hempSMART Body Cream product is the latest addition to the lineup, formulated with 300mg of organically grown, full-spectrum, non-psychoactive CBD to replenish, restore and rejuvenate skin cells for improved elasticity, supple texture and healthy radiance (http://nnw.fm/PpE99).
“The new hempSMART Body Cream is a major advancement in the wellness arena,” hempSMART Medical Advisory Board Chairwoman Paula Vetter stated in a news release. “The cream is completely free of toxins that are commonly found in many skin care products and absorbed through the skin and into the blood stream. Instead, hempSMART’s Body Cream is a topical wellness solution that sets a new standard in the industry by improving the overall health of skin with each use.”
The announcement states that the cream’s formulation is rich in omegas 3, 6, 7 and 9, along with naturally occurring plant ceramides to build a strong and vibrant cellular matrix deep within skin layers, and it includes botanicals such as organic aloe, sacha inchi oil, argan kernel oil, macadamia nut oil, rose hip seed oil, frankincense, tulsi, pomegranate seed oil, ashwagandha, turmeric oil, coconut oil and sea buckthorn oil.
The hempSMART brand was the key to driving the company’s 840 percent year-over-year increase in total revenues last year (http://nnw.fm/bMH0G). Gross profits increased from a 47 percent gross margin to a 68 percent gross margin during the year, while the company’s net loss from operations dropped by 82 percent.
The company’s Viva Buds venture is getting on its feet in the San Fernando Valley, with a live virtual launch party anticipated for August 9 to mark the official commencement of its operations. The beginning of signups for its delivery service through its web portal allows customers the opportunity to make referrals prelaunch and use the “call your friend” approach to building their own businesses.
“We are excited to be a partner in what we believe will be a game changing and disruptive delivery model in the marketplace,” Natural Plant Extracts of California CEO Alan Tsai added. “We offer an incentivized program that is mutually beneficial for our customers as well as the company.”
For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s
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