NetworkNewsBreaks – Marijuana Company of America
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Posted On: 07/30/2019 4:04:34 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Expands Portfolio of Legal Cannabis, Industrial Hemp Investments
Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) recently signed an LOI with Alpha Private Equity & Capital and Northern Lights Distribution (“NLD”), a subsidiary of Natural Plant Extract of California (“NPE”), to form joint venture Magnolia Extracts LLC (http://nnw.fm/bz1HB). An article discussing the company reads, “When MCOA acquired an equity interest in NPE, the company entered a joint venture agreement with NPE to form Viva Buds, a premier cannabis retail-delivery business. MCOA plans to begin a cannabis delivery service in California, starting in Los Angeles County and then rolling out to other major areas within the state. Both MCOA and NPE agree to split the profits equally. . . . ‘As our portfolio of legal cannabis and industrial hemp investments and joint ventures represent a significant portion of our growth strategy, we believe this step represents a strong move forward to establishing our foothold in the market,’ MCOA CEO Don Steinberg stated in a news release. ‘This allows us to advance into the next phase of our business plan through NPE, gaining access to over 18,000 square feet of building space.’”
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) recently signed an LOI with Alpha Private Equity & Capital and Northern Lights Distribution (“NLD”), a subsidiary of Natural Plant Extract of California (“NPE”), to form joint venture Magnolia Extracts LLC (http://nnw.fm/bz1HB). An article discussing the company reads, “When MCOA acquired an equity interest in NPE, the company entered a joint venture agreement with NPE to form Viva Buds, a premier cannabis retail-delivery business. MCOA plans to begin a cannabis delivery service in California, starting in Los Angeles County and then rolling out to other major areas within the state. Both MCOA and NPE agree to split the profits equally. . . . ‘As our portfolio of legal cannabis and industrial hemp investments and joint ventures represent a significant portion of our growth strategy, we believe this step represents a strong move forward to establishing our foothold in the market,’ MCOA CEO Don Steinberg stated in a news release. ‘This allows us to advance into the next phase of our business plan through NPE, gaining access to over 18,000 square feet of building space.’”
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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