/EIN News/ — ESCONDIDO, Calif., Dec. 03, 2020 (GLOBE NEWSWIRE) — MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTC: MCOA), an innovative hemp and cannabis corporation, today announced a joint letter to shareholders of the Company and its recent share exchange partner Cannabis Global, Inc.
Dear Shareholders of Marijuana Company of America and Cannabis Global:
As we have discussed with many of you, Marijuana Company of America, Inc. (OTC:MCOA) and Cannabis Global, Inc. (OTC:CBGL) recently entered into an agreement where each became the largest shareholder of the other. Thus, CBGL owns 650 million shares of MCOA and MCOA owns just over 7.2 million shares of CBGL. The Companies engaged in this transaction to promote the growing common interests and collaborations between these two pioneering cannabis and CBD operations.
Both companies have recently enhanced their programs to maximize shareholder value. MCOA is aggressively overhauling its marketing strategy, rapidly expanding its product line’s geographic reach, and revamping its capital and debt structures. The two companies have agreed to collaborate in several areas, including expanding product offerings in Europe and Latin America and developing Cannabis Global’s Project Varin designed to discover and market new methods to infuse hemp extracts and…
Original Author Link click here to read complete story..