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Increased Customer Acceptance and Governmental Deregulation Fueling Huge Cannabis Revenue Opportunities
(OTCQB:MCOA) Marijuana Company of America, an innovative hemp and cannabis corporation, today announced that the Company's manufacturing and distribution facility for its Viva Buds cannabis delivery service is expected to be completed and fully functional by August 2019 .
MCOA announced in April that it had acquired a 20% ownership interest in Natural Plant Extract of California ("NPE") to establish a joint venture to create Viva Buds Inc., a unique cannabis delivery service based in Los Angeles, California .
"We are making tremendous progress through our partnership with NPE and the rollout of our licensed cannabis manufacturing facility," said Mr. Edward Manolos , Board Member of MCOA. "Our commitment to compliance will put Viva Buds ahead of the competition in California at a time when many license holders are still awaiting permits. Such permits are difficult to attain for manufacturers currently using volatile extraction methodologies, due to stringent regulations on California's Manufactured Cannabis Safety . "
"Our joint venture partnership with NPE will allow us to become more competitive within the bourgeoning cannabis industry in Southern California ," said Mr. Don Steinberg , CEO of MCOA. "Once completed and launched, Viva Buds will offer consumers a line of high-quality products at low prices along with the ability to build their own personal cannabis business.".
(OTCPK: MJNA) recently announced that products from the Company's major investment company AXIM Biotechnologies, Inc ("AXIM® Biotech," "AXIM"), a world leader in cannabinoid research and development, were included in registration for clinical trials through the Australian and New Zealand Clinical Trial Registry. The products will be used during the trial are part of AXIM's patented oral care line and include its cannabinoid-based mouthwash and toothpaste.
"There is no doubt that the CBD industry, as with any scientific field, could benefit greatly from additional research. We are proud to take part in this clinical trial with AXIM's patented oral care products to further prove the efficacy of the company's products," said Medical Marijuana, Inc. CEO Dr. Stuart Titus.
(NYSE: HEXO) (TSX: HEXO) recently announced that its affiliate, HEXO MED S.A. ("HEXO MED") has received a medical cannabis installation license. The license, issued by the Greek government, will allow HEXO MED to establish cultivation, processing and manufacturing facilities in the region of Thessaly, Greece . With HEXO Corp's experience in the industry, HEXO MED is poised to become a leader in the European cannabis landscape.
"This is a major step for HEXO as we continue to execute towards becoming a top three global cannabis company," said Sebastien St-Louis , HEXO Corp CEO and co-founder.
(OTCQX: TRTC), a vertically integrated cannabis-focused agriculture company, recently announced that all of its currently operating California facilities have been issued a provisional license from the State of California , which is valid for one year and requires METRC compliance. The issuance of these licenses ensures that operations will continue in a lawful and uninterrupted manner for the next year.
Licenses are issued only after an exhaustive review of operational and corporate documents that provide assurance to the State of California that lawful and transparent operations are being conducted and verify transparency of financial and ownership information. Terra Tech is migrating its entire existing inventory into the Marijuana Enforcement Tracking Reporting Compliance (METRC) system, bringing all licensed activities into compliant operations.
(OTCPK: KGKG) recently announced that it has signed a distribution agreement with H & M Wagner & Sons Foodservice. H & M Wagner & Sons Foodservice is a family owned Broadline Foodservice distributor for over 58 years. Located in the heart of Glen Burnie, Maryland , their Customer Centric attitude gives them a unique bond to build lasting relationships with their customers and employees in the Mid-Atlantic region.
As the leader in Foodservice beverage, offering bag-in-box, Passion Bay Daiquiris, Soda & Juice, Slush Puppie and 7202 Coffee & Tea, H & M Wagner & Sons Foodservice prides themselves on providing their customers with the services they need to succeed. They offer nationally recognized brands to locally sourced products and stock over 10,000+ items in their warehouse and continue to grow.
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