NetworkNewsBreaks – Cannabis Global Inc. (CBGL)
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Posted On: 10/08/2020 3:16:25 PM
NetworkNewsBreaks – Cannabis Global Inc. (CBGL) and Marijuana Company of America Inc. (MCOA) Enter Strategic Collaboration
Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, has entered into a collaboration and mutual strategic investment with Marijuana Company of America (OTCQB: MCOA), an innovative hemp corporation. As part of the strategic investment, both companies seek to expand the partnership, fully leveraging favorable resources of both companies in response to the diverse market demand for their products. Under the agreement, MCOA and CBGL have agreed to a share exchange arrangement in which both parties received $650,000 in value of shares from each respective company. “We are excited about this strategic partnership and will leverage the strengths of MCOA’s sales and marketing expertise and CBGL’s ability to manufacture CBD infused products,” MCOA CEO Jesus M. Quintero said in the news release. “This will serve us well as we anticipate launching our first ever HempSMART(TM) Private label brand CBD infused beverage line and launching worldwide. This deal makes strategic sense and demonstrates the intrinsic value of our business, our vision and future.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, has entered into a collaboration and mutual strategic investment with Marijuana Company of America (OTCQB: MCOA), an innovative hemp corporation. As part of the strategic investment, both companies seek to expand the partnership, fully leveraging favorable resources of both companies in response to the diverse market demand for their products. Under the agreement, MCOA and CBGL have agreed to a share exchange arrangement in which both parties received $650,000 in value of shares from each respective company. “We are excited about this strategic partnership and will leverage the strengths of MCOA’s sales and marketing expertise and CBGL’s ability to manufacture CBD infused products,” MCOA CEO Jesus M. Quintero said in the news release. “This will serve us well as we anticipate launching our first ever HempSMART(TM) Private label brand CBD infused beverage line and launching worldwide. This deal makes strategic sense and demonstrates the intrinsic value of our business, our vision and future.”
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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