Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning issued an update on its joint venture project with partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) in Scio, Oregon. Per the update, harvest has commenced at the farm. During the next 10 days, the team will harvest this year’s crop consisting of roughly 36,000 high yielding CBD hemp plants that were grown in an orchard style cultivation on 33 acres. Following the harvest, the hemp will be dried in preparation for storage prior to processing. After the drying of this year’s crop is complete, the previously purchased fifth greenhouse will be installed, increasing the active greenhouse space at the project to over 19,000 sq. ft. Utilizing the current and future greenhouses, cloning operations for the winter crop has been initiated by the team. Additionally, the update reports that the success of this year’s hemp cultivation has attracted the attention of the local community. Management is currently in discussions with several local farmers concerning contract farming and share cropping for the project, starting next year.
To view the full press release, visit http://cnw.fm/FIT5a
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
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