CBGL - Marijuana Company of America inks strategic deal with Cannabis Global

Marijuana Company of America's (MCOA) subsidiary has entered into a collaboration and mutual strategic investment with Cannabis Global (CBGL).The transaction integrates two complementary businesses in the growing CBD sector.As part of the agreement, MCOA and CBGL have agreed to a share exchange arrangement, in which both parties received $650K in value of shares. The transaction does not involve any cash payments.Also, MCOA recently formed partnerships to launch its hempSMART CBD product lines in Latin America. "We are excited about this strategic partnership and will leverage the strengths of MCOA's sales & marketing expertise and CBGL's ability to manufacture CBD infused products. This will serve us well as we anticipate launching our first ever Hempsmart Private label brand CBD infused beverage line and launching worldwide," said Jesus M. Quintero, CEO of MCOA.

For further details see:

Marijuana Company of America inks strategic deal with Cannabis Global