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BONSALL, CA--(Marketwired - Mar 10, 2016) - MARIJUANA COMPANY OF AMERICA ("MCOA" or the "Company") (
Under the terms of the agreement, WCC will provide a wide range of products, including flower (bud), concentrates and finished products to MCOA'S managed services client, Kush Clinic, in Palm Desert, California. WCC is a Pre-ICO, Prop. D compliant medical marijuana dispensary licensed in the greater Los Angeles area.
MCOA's Strategic Advisory Board Member, Eddie Manolos, is one of the most accomplished pioneers in the Medical Marijuana industry. He is also on the management team of WCC. Regarding the new contract between the two companies, Mr. Manolos said, "there is a great deal of synergy between WCC and MCOA. The high quality products that we are currently developing will be a great fit for the brands and distribution model that MCOA is launching. Both companies have aspirations of being industry leaders and can accomplish this quicker by joining forces."
This is the first of many contracts MCOA will establish on behalf of its managed services clients in California and other states and countries. MCOA will continue to leverage the local, regional, national and international relationships that the management team has developed over nearly a decade of active participation in the legal cannabis industry. This contract will enable MCOA to meet the anticipated demand that will be generated upon full launch of the various MCOA programs and product lines, and ensure that it can provide its clients and patient members with a consistent supply of top quality products at competitive prices.
"Establishing this relationship with WCC and their veteran management team enables MCOA to focus on product distribution knowing that a professional, experienced team is producing and providing high quality, tested, MCOA branded products to our clients and patient members," said Mr. Steinberg, MCOA President.
On behalf of the Board of Directors,
President & CEO
About Marijuana Company of America Inc.
Marijuana Company of America ("MCOA") is a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Marijuana Company of America, Inc. to be materially different from the statements made herein.
Marijuana Company of America Inc. provides management services that assist legal businesses to cultivate, sell, and distribute hemp and marijuana based products within the legal guidelines of individual states and international markets.
For more information, please visit the company's website at: www.MarijuanaCompanyofAmerica.com