On Wednesday, Marijuana Co. of America Inc. (MCOA) announced the company’s intent to buy a 20% stake in Natural Plant Extract of California (NPE). The distributor firm and NPE plan to establish a joint venture operating a cannabis delivery service named Viva Buds. According to the official letter of intent, Marijuana Co. (MCOA) will contribute $2 million in cash and $1 million worth of its common stock. The partnership allows for vertical integration from farm to consumer and could result in enabling MCOA to establish itself as a major player in the cannabis arena.
– Hemp Land, Cannabis Hemp Blog, 08/11/2020 1:40:18 AM