- First construction phase, representing 23 percent of site capacity, completed
- Completion of entire greenhouse cultivation facility anticipated in Q3 2018
- MCOA focused on the development of its hempSMART™ CBD-infused product range
On April 18, 2018, Marijuana Company of America, Inc. (OTC: MCOA), an established hemp company, announced that its joint venture project with Bougainville Ventures, Inc., BV-MCOA Management, LLC, completed construction of three greenhouses covering a total area of 7,000 square feet. This first phase of construction represents a 23 percent completion of the total capacity of BV-MCOA’s 30,000 square foot facility in Okanogan County, Washington (http://nnw.fm/spJ2V).
MCOA concluded its joint venture agreement with Bougainville in March 2017, after which it arranged for financing of $800,000 to purchase the land and fund development, including greenhouse construction. Currently, transfer of ownership of the property to the joint venture is awaiting…
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