GBHPF - CannabisNewsBreaks - Marijuana Company of America Inc. (MCOA) Updates Shareholders on New Brunswick Hemp Farming Project
Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) yesterday issued an update on its joint venture project in New Brunswick, Canada, with partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF). The companies highlighted the recent installation of an industrial scale dryer from Cann Systems at the site as a significant milestone moving forward; the dryer will play a key role in drying the biomass, an important first step in the extraction of cannabinoids from the hemp plant. The companies also spoke to the impact of an ongoing drought in the region, which “has complicated matters as the hemp plants have tended to be shorter than usual.” Per the release, the hemp plants are displaying very healthy and weighty inflorescence despite the drought, and the companies suggest that they may even “produce more biomass as a result of stress from competition with weeds and the effects of the drought.”
To view the full press release, visit: http://cnw.fm/7uP6d
About Marijuana Company of America Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMARTâ„¢”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
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