ESCONDIDO, Calif., Sept. 30, 2020 /PRNewswire/ — Marijuana Company of America Inc. (“MCOA” or the “Company“) (OTCQB: MCOA), an innovative hemp corporation, announced today that in an effort to shift to fully focus on its hempSMART ™ CBD Consumer Products Division it has dissolved itself of a Joint Venture with Canadian-based Global Hemp Group, Inc. (CSE: GHG/ OTC: GBHPF).
According to Jesus Quintero, CEO and CFO, “This was the perfect time for us to exit our Joint Venture as we plan our year end of 2020 and start of 2021 focusing on building up our hempSMART CBD business. We’re committed to adapting to the changing cannabis market in order to maximize our Company’s growth. We have already begun our new phase of development, and expect to see an increase in revenue during the remainder of the year with added international expansion. We feel confident, that by building this new company strategy together with new Management, we can achieve our goal of becoming one of the…
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