NetworkNewsBreaks – Marijuana Company of America
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Posted On: 08/13/2019 4:33:33 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Announces Progress, Revenue Generation at Joint Venture Oregon Hemp Farm
Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) together with joint venture partner Global Hemp Group Inc. (CSE: GHG) ( OTC: GBHPF) ( FRANKFURT: GHG) today announced that their joint venture subsidiary, Covered Bridge Acres Ltd. (“CBA”), has started generating revenue through operations at its hemp farm in Scio, Oregon. According to the update, CBA generated $525,500 in its first year of operation through a combination of the sales of raw biomass, plantlets, CBD crude oil and CBD distillate produced from various processing test runs, as well as other farm operations. In its most recent transaction, CBA sold 10,000 lbs of shucked biomass to an Oregon extraction facility for $400,000 and is working with this party, and a number of others, to complete purchase of the remaining inventory.
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) together with joint venture partner Global Hemp Group Inc. (CSE: GHG) ( OTC: GBHPF) ( FRANKFURT: GHG) today announced that their joint venture subsidiary, Covered Bridge Acres Ltd. (“CBA”), has started generating revenue through operations at its hemp farm in Scio, Oregon. According to the update, CBA generated $525,500 in its first year of operation through a combination of the sales of raw biomass, plantlets, CBD crude oil and CBD distillate produced from various processing test runs, as well as other farm operations. In its most recent transaction, CBA sold 10,000 lbs of shucked biomass to an Oregon extraction facility for $400,000 and is working with this party, and a number of others, to complete purchase of the remaining inventory.
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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