NetworkNewsBreaks – Marijuana Company of America
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Posted On: 05/22/2020 3:14:43 PM
NetworkNewsBreaks – Marijuana Company of America, Inc. (MCOA) Provides Update on Joint Venture Scio Farm Hemp Project
Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today provided an update on its joint venture hemp project in Scio, Oregon, operated through Covered Bridge Acres (“CBA”). According to the update, the hemp farm has remained in operation through the Coronavirus pandemic as allowed by the state of Oregon. CBA is taking all necessary precautions required to operate in a safe and responsible manner with sufficient space to enable the team to spread out widely throughout the property while carrying out daily activities to prepare the farm for the 2020 cultivation. Since the 2018 acquisition of the Scio farm, the CBA team has grown CBD hemp, for the sale of both biomass and flower. In light of the current market conditions for these products, due to overproduction in 2019 and slower than expected sales during the pandemic, CBA is changing its 2020 focus to production of high quality CBG (Cannabigerol) flower in its greenhouses. This “artisanal grown” CBG flower will supply the smokable flower market, which has seen an increase in demand and has continued to hold its price in light of the current pressures in the CBD market.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today provided an update on its joint venture hemp project in Scio, Oregon, operated through Covered Bridge Acres (“CBA”). According to the update, the hemp farm has remained in operation through the Coronavirus pandemic as allowed by the state of Oregon. CBA is taking all necessary precautions required to operate in a safe and responsible manner with sufficient space to enable the team to spread out widely throughout the property while carrying out daily activities to prepare the farm for the 2020 cultivation. Since the 2018 acquisition of the Scio farm, the CBA team has grown CBD hemp, for the sale of both biomass and flower. In light of the current market conditions for these products, due to overproduction in 2019 and slower than expected sales during the pandemic, CBA is changing its 2020 focus to production of high quality CBG (Cannabigerol) flower in its greenhouses. This “artisanal grown” CBG flower will supply the smokable flower market, which has seen an increase in demand and has continued to hold its price in light of the current pressures in the CBD market.
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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