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BONSALL, CA--(Marketwired - Mar 22, 2016) - MARIJUANA COMPANY OF AMERICA ("MCOA" or the "Company") (
Under the terms of the agreement, MCL will provide a wide selection of cannabis products to MCOA in Washington State, including flower (bud), concentrates and finished products. The seasoned management team behind Mama Chan ensures that MCOA will have a sufficient and consistent supply of high quality cannabis products to fulfill the demand of its future members in Washington State. The Tier 3 authorizes between ten thousand square feet and thirty thousand square feet of dedicated plant canopy, which is the maximum out of the three-tier system in Washington.
"We are excited to utilize our prestigious Tier 3 license in Washington to produce the cannabis products that we project MCOA will need to fulfill its sales in Washington State. This type of license allows for us to grow and sell the highest volume within the state and was only granted to a select few candidates," said Edward Manolos, Mama Chan LLC Director and Managing Member.
Upon successful completion of MCOA's pilot program in Southern California, the Company will immediately begin expansion to other legal medical marijuana and adult use states, including Washington State. MCOA is rapidly laying the groundwork to build its infrastructure in Washington, Oregon, Colorado, Nevada and Arizona.
"Establishing this relationship with Mama Chan and their veteran management team in preparation for MCOA's expansion into Washington State, enables the Company to focus specifically on product distribution and branding knowing that we have a professional, experienced team producing high quality, tested MCOA branded products for our adult use 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. will provide 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