GBHPF - NetworkNewsBreaks - Marijuana Company of America Inc. (MCOA) Provides Update on Oregon-Based CBD Hemp Project
Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA), alongside joint venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF), this morning provided an update on the harvest at its high yielding CBD hemp project in Scio, Oregon. Per the update, 2018 growing efforts at the Scio property spanned 33 acres of high yielding CBD hemp grown in an orchard style cultivation. This year’s harvest included approximately 37,000 hemp plants that produced roughly 24 tons of biomass, despite a notably late start to the cultivation season. The drying process for this harvest has been completed, with the farm producing 48,000 pounds of dried biomass that is currently stockpiled in quarter ton super sacks utilizing a total of about 4,000 sq. ft. of storage space. For the 2019 harvest, the companies expect to begin planting on June 1, giving the hemp an additional 30-45 days of growing time, as compared to 2018. This additional time is expected to result in much larger plants and significantly larger quantities of biomass. The companies are likewise exploring a number of solutions that will automate both harvesting and planting efforts for next year’s crop, making them more efficient and less costly to complete.
To view the full press release, visit: http://nnw.fm/0N6Po
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 “hempSMART”, 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
More from NetworkNewsBreaks
- NetworkNewsBreaks — DPW Holdings, Inc. (NYSE American: DPW) Board of Directors Authorizes Spinoff of Super Crypto Mining Subsidiary
- NetworkNewsBreaks — CytoDyn Inc. (CYDY) Scheduled to Present at Two Conferences in December
- NetworkNewsBreaks — Sunniva Inc. (CSE: SNN) (OTCQX: SNNVF) Acquires LTYR Logistics, LLC
About NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com