Marijuana Company Of America (OTC: MCOA) and Global Hemp Group, Inc. (CSE: GHG) (OTC: GBHPF) said today that the companies have engaged Space Cowboys, Inc. for an advisement role on the companies’ joint venture project in New Brunswick. Space Cowboys will assist the companies in maximizing cannabinoid production as the group increases cultivation operations in New Brunswick in the coming years. Additionally, MCOA and GHG intend to attain further hemp varieties that perform well under the conditions of New Brunswick and expand to at least 125 total acres for the 2018 cultivation. The companies are also preparing for the upcoming legislation changes in Canada in 2018 that will allow cannabinoid extraction from hemp. GHG will become MCOA’s primary cannabinoid supplier for the development of the hempSMART™ brand of cannabinoid-based products in Canada. “MCOA is excited to have Space Cowboys on board advising on our industrial hemp trials in New Brunswick, Canada. Space Cowboys has years of experience cultivating and processing industrial hemp cannabinoids. They can bring tremendous knowledge and expertise to our joint venture with GHG,” MCOA CEO Donald Steinberg stated in the news release.
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About Global Hemp Group Inc.
Global Hemp Group (“GHG”) is a publicly traded company founded in 2012, headquartered in British Columbia, Canada with base operations in Montreal and Southern California. The company is focused on the production and processing of hemp and cannabis, and collaboration with companies that will enable GHG to develop and implement the Hemp Agro-Industrial Zone concept. Through partnerships, joint ventures and acquisitions, the company will capture cash flow, revenues and value, and establish a greater collective valuation. For more information, visit http://globalhempgroup.com.
About Marijuana Company of America, Inc.
Marijuana Company of America, Inc. (“MCOA”) is a corporation engaged in but not limited to: (1) product research and development of legal hemp-based consumer products containing CBD 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 http://marijuanacompanyofamerica.com.
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