NetworkNewsWire
Coverage: Cannabis stocks just got whipsawed. The sector soared
after the New Year when California legalized recreational
marijuana. The following day the sector sank when the U.S. Attorney
General Jeff Sessions rescinded the federal policy of
non-interference with qualifying state marijuana laws, known as the
Cole Memorandum. Mr. Sessions’ action sent shivers of uncertainty
and confusion throughout the cannabis industry. At the heart of the
conundrum is what to do about the millions of people who rely on
non-psychoactive cannabidiol (CBD) as part of their personal care
and wellness regimen. The hemp-based CBD sector looks to be the
possible beneficiary of the current cannabis quandary. The Control
Substances Act excludes certain parts of the cannabis plant,
typically characterized as hemp, from the definition of marijuana.
Companies that produce and/or market hemp-derived CBD products,
like Marijuana Company of America, Inc. (MCOA)
(MCOA
Profile) are well-positioned to
possibly garner increased traction in product sales. Other
hemp-focused companies, including United Cannabis (CNAB), AmeriCann
(ACAN), General Cannabis (CANN), and PotNetwork Holding, Inc.
(POTN) (POTN
Profile), may also weather potential legal issues caused by
uncertainty.
Investors and cannabis consumers should understand some of the
similarities and differences between hemp and marijuana. Both
marijuana and hemp come from the same plant species, Cannabis
Sativa L., but centuries of breeding and manipulation resulted in
the emergence of two distinct varieties with two completely
different uses: one for psychoactive purposes, and the other for
agricultural and industrial uses. Marijuana is grown for its
psychoactive THC content, while industrial hemp is an agricultural
crop grown for seed, fiber and Hemp-derived CBD oil containing
trace amounts of non-psychoactive THC (less than 0.3%), and high
levels of CBD.
Featuring industrial hemp-based CBD products, and led by Donald
Steinberg and Charles Larsen, two veterans of the cannabis and
industrial hemp industries, Marijuana Company of America, Inc. (OTC:
MCOA) is in a potential position to thrive in spite of
any industry uncertainty. The company’s profile results from its
focus on industrial hemp-based CBD products, and its portfolio of
synergistic companies that operate in the space. Formed in 2015,
MCOA has already established its presence in the
industrial hemp CBD market, as well as related services supply
chains.
The company’s business model, and upper management’s experience,
distinguishes MCOA from others in the sector.
Donald Steinberg, MCOA’s CEO, is a cannabis
industry pioneer. Along with MCOA director Charles Larsen, they
founded the first marijuana company trading on a U.S. stock market,
Medical Marijuana Inc. Together, their first-hand knowledge of the
industry gives MCOA insights on the industry, and
the vision to capitalize on opportunities in a market projected by
some analysts to reach $22.6 billion over the next three years.
Steinberg and Larsen also formed Canadian based Global Hemp Group,
which is focused on the production and processing of hemp and
cannabis. Larsen has more than 30 years of experience working in
government, public, private and startup companies and has been
actively involved in the cannabis and hemp industry for a
decade.
MCOA’s hemp-based CBD consumer products are
researched, developed and sold under the brand name hempSMART™. All of
hempSMART’s cannabinoids go through an exacting
hydrocarbon extraction process to ensure only the highest quality
hemp-based CBD is used in its natural wellness products. MCOA’s
hempSMART product line includes: the patent-pending product,
hempSMART Brain, designed to improve memory and focus; hempSMART
full spectrum bioavailable CBD Drops; hempSMART Pain capsules with
a blend of premium CBD and botanical supplements; and, hempSMART
Pain cream, which combines natural botanicals and full spectrum
hemp CBD extract to support joint and muscle wellness.
To develop sales, MCOA created a unique
hempSMART affiliate network marketing program with
a generous compensation plan to promote and sell its hemp-based CBD
consumer products around the globe. The sales model is a natural
fit because product users not only generate sales volume, but also
become strong proponents of the benefits of
hempSMART’s CBD products, and so become
ambassadors for the hempSMART products and
brand.
Seizing opportunities in this burgeoning sector,
MCOA is expanding into select ancillary areas of
the legalized cannabis and hemp industry. With its
hempSMART™ subsidiary operational and growing, and
four other transactions completed in 2017, MCOA is
rapidly building a portfolio of diversified investments and joint
ventures to grow the company and drive shareholder value.
In July 2017, MCOA completed an investment of
$250,000 into MoneyTrac Technology, Inc. (“MTRAC”), a subsidiary of
Global
Payout, Inc. (OTC: GOHE) in exchange for 15% equity
position in the company, to help establish MTRAC as an alternative
banking solution for the Cannabis industry. MTRAC currently has the
ability to integrate and streamline electronic payment processing
such as E-wallet, mobile applications, debit cards, and credit
cards. Currently, MTRAC has strategic partnerships with top
cannabis services such as GreenRush, BlazeNow, High Grade
Management Group, and PotSaver, which was a majority acquisition
last October.
In Q1 2017, MCOA entered into a joint venture
with Bougainville Ventures, Inc. to construct a 30,000-sq. ft.
greenhouse cultivation facility in Oroville, Washington. The
facility will accommodate a Tier-3 production and processing I-502
tenant with years of experience in cannabis cultivation. In Q4 of
2017, MCOA completed financing of $800,000 in cash
and 15 million shares of the company’s common stock to complete the
amended terms of the agreement. The delivery of the first
pre-designed greenhouse, with full tracking and reporting protocols
has arrived and is the first of six greenhouses that will be
constructed during Q1 2018 on a total footprint of one acre. This
joint venture project is solely for the purpose of cultivation and
processing of legal marijuana within the state of Washington only
and not beyond its borders. The company will lease the turnkey
property to the licensed tenant, thus acting solely as a landlord.
The first greenhouse has been purchased and is in the process of
being constructed.
In Q3 2017, MCOA and Global Hemp Group, Inc.
(CSE: GHG) (OTC: GBHPF) entered into a joint venture to develop
commercial hemp production and processing in New Brunswick, Canada.
MCOA and GHG have now completed the first phase of
hemp trials, receiving research support from the Collége
Communautaire du Nouveau Brunswick (CCNB). MCOA is
granted a Right of First Refusal as the primary recipient of any
raw materials produced from the project, which we expect will
harvest its first commercial crop of 125 acres in Q4 2018.
At the end of Q4 2017, the company announced an investment of
$100,000 for a 25% equity stake in Convenient Hemp Mart, LLC’s
“BeniHemp” branded products to target convenience stores for CBD
product distribution. BeniHemp products will include topicals,
tinctures, and edibles conveniently packaged in 1-day, 2-day, and
30-day supplies. The target market is convenience stores, smoke
shops, gas stations and similar small retail businesses. The
expectation is that there will be a full launch and website online
in January 2018.
MCOA has been operating in the North American
cannabis and hemp product development & distribution market for
the past three years. With a track record for developing shelf
ready products and bringing them to market, in compliance with
various US state regulations, we believe the company has the
knowledge, skills and management strategies to launch and implement
a successful ongoing program. Given MCOA’s drive and the vision,
it’s our opinion that there’s little reason to doubt that the
company will create a significant footprint in the hemp-based CBD
market and a broad range of other legal cannabis endeavors.
Potential Comparables
PotNetwork Holding (OTC: POTN) is a publicly traded company that
acts as a holding company for its subsidiaries, First Capital
Venture Co., the owner of Diamond CBD, Inc., the maker of Diamond
CBD oils. Diamond CBD focuses on the research, development, and
multi-national marketing of premium hemp extracts that contain a
broad range of cannabinoids and natural hemp derivatives. Diamond
CBD’s team consists of hemp industry pioneers and natural product
experts, chemists, doctors and scientists, dedicated to producing
the finest and purest cannabidiol (CBD) oils.
General Cannabis (OTCQB: CANN) is a comprehensive resource for
the highest-quality service providers available to the regulated
cannabis industry, advising on the cultivation, production and
retail sides of the cannabis business. The Company does this
through a combination of strong operating divisions such as
security, marketing, operational consulting and products, real
estate and financing. As a synergistic holding company, its
divisions are able to leverage the strengths of each other, as well
as a larger balance sheet, to succeed. The Company’s experienced
team of associates is dedicated to working side by side with its
customers to help drive results for their businesses - from keeping
operations running efficiently today to continuously rethinking and
optimizing for a more productive tomorrow.
United Cannabis (OTCQB: CNAB) is a biotechnology company
dedicated to the development of phyto-therapeutic based products
supported by patented technologies for the pharmaceutical, medical,
and industrial markets. The Company has long advocated the
application of cannabinoids for medical applications and is
building a platform for designing targeted therapies to increase
the quality of life for patients around the world. Most of the
Company's products are patent protected first in class medicines
with applications to a global market. United Cannabis trades on the
OTCQB under the symbol CNAB.
AmeriCann (OTCQB: ACAN) is an Agricultural Technology (Ag-Tech)
company that is developing a new generation of sustainable,
state-of-the-art medical cannabis cultivation and processing
properties. AmeriCann, Inc. is a Certified B Corp, an acknowledgment of the company's
commitment to social and environmental ethics, transparency, and
accountability. AmeriCann became the
first public cannabis company to earn this respected
accreditation.
For more information on Marijuana Company of America,
Inc., please visit Marijuana Company of America, Inc. (OTC:
MCOA)
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NNW HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. “Forward-looking statements” describe future expectations,
plans, results, or strategies and are generally preceded by words
such as “may”, “future”, “plan” or “planned”, “will” or “should”,
“expected,” “anticipates”, “draft”, “eventually” or “projected”.
You are cautioned that such statements are subject to a multitude
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About MCOA’s hempSMART Products Containing
CBD
The United States Food and Drug Administration (FDA) has not
recognized CBD as a safe and effective drug for any indication. Our
products containing CBD derived from industrial hemp are not
marketed or sold based upon claims that their use is safe and
effective treatment for any medical condition as drugs or dietary
supplements subject to the FDA’s jurisdiction.
Important Information
Marijuana Company of America, Inc. (“Company”) complies with
Section 17(b) of the 1933 Securities and Exchange Act. The Company
retained Network News Wire to publish information about the
Company. To comply with Section 17(b) of the Securities Act of
1933, the Company discloses that it retained and paid
NetworkNewsWire with a payment of $7,500 to publish news, updates,
articles and content about the Company in this editorial
report.
Forward Looking Statements
This news release contains "forward-looking statements"
which are not purely historical and may include any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such forward-looking statements include, among other
things, the development, costs and results of new business
opportunities and words such as "anticipate", "seek", intend",
"believe", "estimate", "expect", "project", "plan", or similar
phrases may be deemed "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
new projects, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations
regarding the use and development of cannabis-based products. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
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differ from those projected in the forward-looking statements.
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risk factors disclosure outlined in our annual report on Form
10-12G, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission. For more information, please visit www.sec.gov.
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