ESCONDIDO, Calif., May 07, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- PRESS RELEASE -- Marijuana Company of America Inc., a hemp and cannabis corporation, has announced that on May 1, 2019, the company mailed a letter to its shareholders to update them on recent developments and new business opportunities. In the letter, the company provided a discussion on its two current acquisitions underway, a review of its recent financial and operating performance, and details of its new Viva Buds brand that will serve as a manufacturing, distribution and retail delivery service for cannabis products in the state of California.
Recent company highlights include:
- Marijuana Company of America’s global expansion with the debut of its hempSMART products in the UK
- The company’s established joint venture in California to operate a California cannabis delivery service named Viva Buds
- Details of the joint venture partnership with Global Hemp Group, which completed a successful first harvest late in 2018 and is now in position to monetize its hemp biomass
- A strategic partnership with MassRoots to promote its hempSMART CBD product line
“Our shareholder letter addresses our hemp research and growth business expansion, and the two joint ventures we started with Global Hemp Group Inc. last year, which includes a working hemp farm in Oregon that just completed its successful first harvest in late 2018,” said Don Steinberg, chairman and CEO of Marijuana Company of America. “We are confident to now be strategically positioned to drive more revenue and expand exponentially into new markets with our products and business growth methods.”
To read the letter to shareholders in full, please visit: http://marijuanacompanyofamerica.com/investor-relations/