Oct 23, 2019
Marijuana Company of America Begins Harvest at its Hemp Farm

Marijuana Company of America Inc. (MCOA), an innovative hemp and cannabis corporation, has announced it has begun its 2019 harvest at its CBD hemp farm in Scio, Oregon. With its joint venture partner, Global Hemp Group Inc., MCOA has created joint ventur subsidiary Covered Bridge Acres Ltd. (CBA), which owns the hemp biomass that runs across 35 acres and incorporates environmentally friendly and biodegradable methods.

Pre-harvest testing from the Oregon Department of Agriculture on the current hemp crop was recently conducted at the farm, and the final results of these tests determined that the hemp crop was compliant in THC levels. CBA has begun a selective harvest of buds concurrently with the general harvest for extraction and will be completed during the current quarter.

Strains selected for this year’s outdoor crop are low in THC and are expected to produce CBD levels near 20%. Similar strains are being grown in the greenhouses for the fall harvest program.

“The initial results of this harvest in Oregon are incredibly promising,” said Donald Steinberg, chief executive officer of MCOA. “As demand for CBD products continues to escalate, we remain focused on expanding our market footprint, enhancing brand recognition and capturing additional market share. We believe that this harvest is an important step in our growth trajectory and in establishing ourselves as a market leader in this emerging industry.”

MCOA has expanded its growing operations to include year-round production from its greenhouses. The CBA team has populated the first greenhouse (approximately 3,000 square feet) for a fall harvest. The remaining five greenhouses (19,000 square feet) are processing the current harvest of the outdoor crop. Cultivation will expand into all of the greenhouses on the farm, once processing is complete.

Additionally, a new 4,000-square-foot greenhouse will be installed to increase the available indoor growing area. Management is currently evaluating greenhouse expansion plans in order to generate a year-round revenue stream for the company.

For more information, go to www.marijuanacompanyofamerica.com.


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