ESCONDIDO, CA–(Marketwired – Nov 9, 2017) – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTC: MCOA), an avant-garde hemp and cannabis corporation, is admiring to advertise that it has completed its costs of $800,000 in banknote and 15 actor shares of the Company’s accepted banal in abounding achievement of the adapted acceding of the collective adventure acceding with Bougainville Ventures, Inc. (“BV”).
Per the acceding of the acceding and the achievement of funding, the Aggregation has anchored a 50% disinterestedness pale in BV-MCOA Management, LLC and will accept 50% of the net profits from leasing the facility, which will board a apprenticed cannabis assembly and processing addressee with an accustomed Tier 3, I-502 license. As turnkey landlords, MCOA and BV attending to accommodate an ideal agronomics ambiance for their approaching addressee and it is advancing that architecture of the greenhouse will be completed in Q1 2018.
On November 1, 2017, the Aggregation entered into a additional Securities Acquirement Acceding with St. George. The Anchored Convertible Promissory Note has a arch bulk of $601,420.00 with the appropriate to acquirement at any time on or afterwards November 1, 2017, until November 1, 2022, twenty-two actor (22,000,000) shares of Company’s accepted stock.
Donald Steinberg, MCOA CEO said, “We are admiring to complete allotment for this collective adventure and we are attractive advanced to the alpha of the architecture of the greenhouses. As added states, best conspicuously California in 2018, approve recreational cannabis, MCOA is exploring opportunities to carbon this business archetypal and advance our absolute acreage portfolio.”
This collective adventure activity is alone for the purpose of agronomics and processing of acknowledged marijuana aural the Accompaniment of Washington alone and not above its borders. The Aggregation will charter the turnkey acreage to the accountant tenant, appropriately acting alone as a landlord.
The aboriginal acceding of the JV acceding with BV alleged for MCOA to armamentarium $1,050,000 in cash. Both parties agreed to abate the banknote bulk to $800,000 and affair 15 actor shares of belted accepted banal on November 7, 2017.
About Bougainville Ventures, Inc. Bougainville Adventure Inc. is in the amount business of converting anhydrous farmland that was commonly acclimated to abound hardly assisting augment crops, to greenhouse-equipped farmland acclimated to abound affluence crops with a primary focus on marijuana. Bougainville is an agronomical casework aggregation that focuses on accouterment growers with advanced computer controlled greenhouses and processing facilities. Bougainville offers absolutely congenital out turnkey solutions to accountant I-502 tenant-growers and affluence crop growers who will charter the accessories for assembly and processing. Bougainville does not “touch the plant” and alone provides growing basement as a freeholder for accountant marijuana growers in the accompaniment of Washington. Bougainville has a able administration aggregation with accordant acquaintance and apprenticeship in abode with a focus on build-out and control of its planned greenhouses in Oroville, WA. Strategic affairs to aggrandize its acreage bank, greenhouse campus and I-502 tenant-grower audience are appointed for accretion operations.
About Marijuana Aggregation of America, Inc.MCOA is a association which participates in: (1) artefact analysis and development of acknowledged hemp-based customer articles beneath the cast name “hempSMART™”, that targets accepted bloom and well-being; (2) an associate business affairs to advance and advertise its acknowledged hemp-based customer articles absolute CBD; (3) leasing of absolute acreage to abstracted business entities affianced in the advance and auction of cannabis in those states and jurisdictions area cannabis has been legalized and appropriately adapted for alleviative and recreations use; and, (4) the amplification of its business into accessory areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this articulation complete and develop.
Forward Attractive StatementsThis account absolution contains “forward-looking statements” which are not absolutely absolute and may accommodate any statements apropos beliefs, plans, expectations or intentions apropos the future. Such advanced statements include, amid added things, the development, costs and after-effects of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or agnate phrases may be accounted “forward-looking statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995. Absolute after-effects could alter from those projected in any advanced statements due to abundant factors. Such factors include, amid others, the inherent uncertainties associated with new projects, the approaching U.S. and all-around economies, the appulse of competition, and the Company’s affirmation on absolute regulations apropos the use and development of cannabis-based products. These advanced statements are fabricated as of the date of this account release, and we accept no obligation to amend the advanced statements, or to amend the affidavit why absolute after-effects could alter from those projected in the advanced statements. Although we accept that any beliefs, plans, expectations and intentions independent in this columnist absolution are reasonable, there can be no affirmation that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should argue all of the advice set alternating herein and should additionally accredit to the accident factors acknowledgment categorical in our anniversary address on Form 10-12G, our annual letters on Form 10-Q and added alternate letters filed from time-to-time with the Securities and Exchange Commission. For added information, amuse appointment www.sec.gov.
For added information, amuse appointment the Company’s websites at:
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