(MENAFN– ACCESSWIRE) LOS ANGELES, CA / ACCESSWIRE / October 14, 2021 / Marijuana Company of America, Inc. (OTC PINK:MCOA) (the “Company”), a diversified company with operations and investments throughout the cannabis industry, today announced that it has completed what it believes to be the most significant acquisition in MCOA’s history with the acquisition of VBF Brands, Inc. (“VBF”). VBF is a fully licensed marijuana cultivator and distributor based in Salinas, California and was previously a wholly owned subsidiary of Sunset Island Group, Inc.
MCOA expects that the acquired subsidiary should be significantly accretive to the Company’s topline revenue and EBITDA expectations for 2022. This newly acquired wholly owned subsidiary will immediately work towards increasing production at its current Salinas facility that also offers exponential growth potential with other nearby properties that MCOA has an option to participate in as part of the acquisition.
California continues to be the world’s largest legal cannabis market, and offers tremendous market potential for MCOA with this acquisition that includes cannabis nursery, cannabis manufacturing/distribution and cultivation licenses.
Jesus Quintero, CEO of Marijuana Company of America, Inc. stated, “The acquisition of VBF Brands, Inc. perfectly encapsulates MCOA’s strategy to expand our business by organic growth and acquisitions of synergistic and often undercapitalized distressed…
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(MENAFN– ACCESSWIRE) LOS ANGELES, CA / ACCESSWIRE / October 14, 2021 / Marijuana Company of America, Inc. (OTC PINK:MCOA) (the “Company”), a diversified company with operations and investments throughout the cannabis industry, today announced that it has completed what it believes to be the most significant acquisition in MCOA’s history with the acquisition of VBF Brands, Inc. (“VBF”). VBF is a fully licensed marijuana cultivator and distributor based in Salinas, California and was previously a wholly owned subsidiary of Sunset Island Group, Inc.
MCOA expects that the acquired subsidiary should be significantly accretive to the Company’s topline revenue and EBITDA expectations for 2022. This newly acquired wholly owned subsidiary will immediately work towards increasing production at its current Salinas facility that also offers exponential growth potential with other nearby properties that MCOA has an option to participate in as part of the acquisition.
California continues to be the world’s largest legal cannabis market, and offers tremendous market potential for MCOA with this acquisition that includes cannabis nursery, cannabis manufacturing/distribution and cultivation licenses.
Jesus Quintero, CEO of Marijuana Company of America, Inc. stated, “The acquisition of VBF Brands, Inc. perfectly encapsulates MCOA’s strategy to expand our business by organic growth and acquisitions of synergistic and often undercapitalized distressed…
