Cannabis Global (OTC: CBGL), a cannabinoid and hemp extract science-forward company developing infusion and delivery technologies, has entered into a collaboration and mutual strategic investment with Marijuana Company of America (OTCQB: MCOA), an innovative hemp corporation. As part of the strategic investment, both companies seek to expand the partnership, fully leveraging favorable resources of both companies in response to the diverse market demand for their products. Under the agreement, MCOA and CBGL have agreed to a share exchange arrangement in which both parties received $650,000 in value of shares from each respective company. “We are excited about this strategic partnership and will leverage the strengths of MCOA’s sales and marketing expertise and CBGL’s ability to manufacture CBD infused products,” MCOA CEO Jesus M. Quintero said in the news release. “This will serve us well as we anticipate launching our first ever HempSMART(TM) Private label brand CBD infused beverage line and launching worldwide. This deal makes strategic sense and demonstrates the intrinsic value of our business, our vision and future.”
To view the full press release, visit https://cnw.fm/9bEj0
About Cannabis Global Inc.
Cannabis Global, formerly known as MCTC Holdings Inc., is a fully audited and reporting company with the U.S. Securities & Exchange Commission, trading with the stock symbol CBGL. The company is an emerging force in cannabinoid sciences and highly bioavailable hemp and cannabis infusion technologies. Cannabis Global has an actively growing portfolio of cannabis investments and intellectual property, having filed six provisional patents relative to the areas of cannabinoid delivery systems and cannabinoid polymeric nanoparticles. The company markets its consumer products under the Hemp You Can Feel(TM) brand name. Cannabis Global launched its Project Varin early in 2020 to develop new delivery methods for rare cannabinoid tetrahydrocannabivarin (“THV-C”) and develop products based on this and other rare cannabinoids. For more information, visit the company’s website at www.CannabisGlobalInc.com.
NOTE TO INVESTORS: The latest news and updates relating to MCTC are available in the company’s newsroom at http://cnw.fm/CBGL
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