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Marijuana Company of America $MCOA Announces 504% Year-Over-Year Revenue Increase for First Quarter 2019 Financial Results $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 8:28 AM on Tuesday, May 21st, 2019
  • Total revenues were $114,810 for the quarter ended March 31, 2019, compared to $19,010 for the same period prior year, representing a 504% increase year-over-year.
  • The increase was driven by growth in demand and sales of its hempSMART products in conjunction with the Company’s global expansion program.

Growth Driven by Demand and Sales of hempSMART(TM) Products

ESCONDIDO, Calif., May 21, 2019 – – MARIJUANA COMPANY OF AMERICA, INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, today reported its financial results for the first quarter ended March 31, 2019.

First Quarter 2019 Financial and Operational Highlights:

  • Total revenues were $114,810 for the quarter ended March 31, 2019, compared to $19,010 for the same period prior year, representing a 504% increase year-over-year. The increase was driven by growth in demand and sales of its hempSMART products in conjunction with the Company’s global expansion program.
  • Gross profit for the first quarter of 2019 increased to $74,932, compared to $8,564 for the same period prior year. Gross margins expanded to 65.3% in the first quarter of 2019, compared to 45% from the first quarter of 2018.
  • Total operating expenses for the first quarter of 2019 were $989,037, compared to $302,872 for the same period prior year, as a result of increases in SG&A associated with the growth of the Company’s dedicated associate sales program for its hempSMART sales.
  • Net loss from operations was $4.2 million for the quarter ended March 31, 2019, compared to net income of $4.2 million for the quarter ended March 31, 2018. The previous year’s income was essentially due to gain in derivatives.
  • Usage of cash flow from operations decreased year-over-year to $207,098 for the quarter ended March 31, 2019, from a cash usage of $497,250 for the quarter ended March 31, 2018.
  • Total assets were $2,143,188 for the quarter ended March 31, 2019, an increase of 12% from $1,919,782 for the quarter ended March 31, 2018. The increase of total assets is due to an increase in cash, inventory and long-term investments that the Company made in the quarter.
  • Total liabilities were $8,087,340 for the quarter ended March 31, 2019, compared to total liabilities of $5,053,887 for the quarter ended March 31, 2018. The increase of liabilities has largely to do with derivative liabilities increasing by $2.7 million and convertible notes issued during the quarter.
  • In January, Marijuana Company of America announced that its Scio, Oregon, Hemp Project was underway alongside its 2019 hemp growers license renewal.
  • The Company experienced a successful prelaunch of its hempSMART brand in the United Kingdom in January, followed by a U.S. Patent being issued for hempSMART Brain™ in February.
  • In March, the Company entered into a Letter of Intent with Natural Plant Extract of California to form a joint venture to operate a California cannabis delivery service named Viva Buds™. The agreement was completed in April.

“Our first quarter results demonstrate our focus on laying the foundation and investments to establish our presence in the high-growth cannabis, hemp and CBD markets,” said Mr. Don Steinberg, Chief Executive Officer of Marijuana Company of America. “During the quarter, we successfully prelaunched our hempSMART line of products in the United Kingdom and promoted them at Super Bowl LIII. Our hempSMART Brain™ product was also issued a U.S. Patent, followed by the exciting news of our engagement with Natural Plant Extract of California to form a joint venture to operate a cannabis delivery service. Our passion from the beginning has been on our hempSMART wellness products, which continue to successfully generate demand and interest worldwide. As a result, we have significantly expanded our hemp research and growth business. With our powerful consortium of partners and joint venture relationships, we believe we are strategically positioned to vertically integrate our operations and further increase our revenue potential.”

“Our first quarter results reflect the full deployment of our marketing strategies for our products and our commitment to grow and strengthen shareholder value,” said Mr. Jesus Quintero, Chief Financial Officer of Marijuana Company of America.”

Further details about the Company’s financial results are available in its quarterly report on Form 10-Q, available in the investor relations section of the Company’s website at www.marijuanacompanyofamerica.com.

About Marijuana Company of America, Inc.
MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART™, which targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry as the legalized markets and opportunities in this segment mature and develop.

About Our hempSMART Products Containing CBD
The United States Food and Drug Administration (FDA) has not recognized CBD as a safe and effective drug for any indication. Our products containing CBD derived from industrial hemp are not marketed or sold based upon claims that their use is safe and effective treatment for any medical condition as drugs or dietary supplements subject to the FDA’s jurisdiction.

Forward-Looking Statements
This news release contains “forward-looking statements” that are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities, and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:
[email protected]
888-777-4362

Corporate Communications Contact: 
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com 
212.418.1217 Office 
[email protected]

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com

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Posted in All Recent Posts, Marijuana Company of America | Comments Off on Marijuana Company of America $MCOA Announces 504% Year-Over-Year Revenue Increase for First Quarter 2019 Financial Results $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

North Bud Farms $NBUD.ca Arranges Private Placement Financing and Provides Corporate Update $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 8:09 AM on Wednesday, May 15th, 2019
  • Announced a non-brokered private placement of up to 13,333,333 units, at a price of $0.30 per unit, for gross proceeds of up to $4 million
  • Company plans to use the net proceeds of the offering to hire additional staff for its Canadian operations, pursue M&A opportunities in the United States, including new state license applications, and for general working capital purposes.

Insiders of NORTHBUD have Committed $1 Million as Lead Order

TORONTO, May 15, 2019 — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) announces a non-brokered private placement of up to 13,333,333 units, at a price of $0.30 per unit, for gross proceeds of up to $4 million. Each unit will be comprised of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional share at a price of $0.40 for a period of 24 months from the date of closing of the offering. Insiders of the Company have demonstrated their commitment to the continued success of the Company by committing to a lead investment of $1 million in the proposed offering. The Company plans to use the net proceeds of the offering to hire additional staff for its Canadian operations, pursue M&A opportunities in the United States, including new state license applications, and for general working capital purposes.

“These funds will be essential to fund ongoing acquisition efforts in the United States and prepare our Canadian production facility for operations,” said Ryan Brown, CEO of North Bud Farms.

The offering is expected to be completed on or before May 31, 2019, subject to the receipt of all necessary regulatory approvals. All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.

As mentioned, certain directors, officers and other insiders have committed to participate in the offering. Accordingly, any such participation would be considered a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on the exemptions from the formal valuation requirements and majority of the minority shareholder approval requirements of MI 61-101 contained in Section 5.5(a) and Section 5.7(1)(a) in respect of any such related party transaction on the basis that the fair market value of the transaction does not exceed more than 25% of the Company’s market capitalization. The Company expects to file a material change report in respect of any related party transaction on SEDAR prior to the closing of the offering, the whole as required by MI 61-101.

Eureka Vapor LLC Update

The Company is pleased to update shareholders on the status of its planned strategic acquisition of multi-state licensed operator, Eureka Vapor (“Eureka”), as the companies continue to work towards completing a definitive agreement. Based on projected timelines for the completion of the audit of Eureka’s financial statements, the companies expect to sign a definitive agreement in the third quarter of the 2019 calendar year.

“We are excited to be joining forces with NORTHBUD to drive strong long-term revenue growth in both Canada and the United States,” said Justin Braune, CEO of Eureka Vapor. “The Eureka team continues to evaluate synergistic acquisitions in multiple U.S. states to expand both the Eureka Vapor and NORTHBUD brands post-closing of our transaction.”

Corporate Update

The Company is in the final stages of preparation for submission of the required evidence package to Health Canada for its cannabis production facility located in Low, Quebec. Consultants have scheduled the evidence package for the end of June and it will be submitted to Health Canada upon its completion.

“We are very excited to be nearing completion of this project,” said Ryan Brown, CEO of North Bud Farms. “We are equally encouraged by recent changes in the application process that will allocate more resources to companies who are operationally ready. The Company will provide an update post submission of the evidence package.”

About North Bud Farms Inc.

North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a licence under The Cannabis Act. North Bud Farms Inc. is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.

For more information visit: www.northbud.com

Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

Certain statements and information included in this press release that, to the extent they are not historical fact, constitute forward-looking information or statements (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. Forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. Forward-looking statements are based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the risk factors included in the Company’s final long form prospectus dated August 21, 2018, which is available under the Company’s SEDAR profile at www.sedar.com. Accordingly, readers should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all of such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking statements to reflect information, events, results, circumstances or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law including securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy any securities of the Company.

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
North Bud Farms Inc.
Edward Miller
VP, IR & Communications
Office: (855) 628-3420 ext. 3
[email protected]

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Posted in North Bud Farms Inc | Comments Off on North Bud Farms $NBUD.ca Arranges Private Placement Financing and Provides Corporate Update $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Marijuana Company of America $MCOA Signs Letter of Intent to Cultivate Large Hemp Farm in California $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 8:38 AM on Tuesday, May 14th, 2019
  • Signed a Letter of Intent with Essence Farms, LLC, to form a joint venture (“JV”) called Riverside Hemp Project to run farming operations in California for the purpose of growing, cultivating, manufacturing, extracting and selling legal hemp and hemp-derived CBD.
  • Marijuana Company of America will provide hemp seeds, genetics, management of operations and standard operating procedures. Essence, a cultivator and land owner, will provide all necessary licenses for the legally compliant growth and sale of hemp in Riverside, California.

ESCONDIDO, Calif., May 14, 2019 (GLOBE NEWSWIRE) — via NetworkWire – MARIJUANA COMPANY OF AMERICA, INC., (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, announced today that the Company has signed a Letter of Intent (“LOI”) with Essence Farms, LLC, (“Essence”) to form a joint venture (“JV”) called Riverside Hemp Project to run farming operations in California for the purpose of growing, cultivating, manufacturing, extracting and selling legal hemp and hemp-derived CBD.

Through the agreement, Marijuana Company of America will provide hemp seeds, genetics, management of operations and standard operating procedures. Essence, a cultivator and land owner, will provide all necessary licenses for the legally compliant growth and sale of hemp in Riverside, California.

“MCOA strives to be a leader in producing and distributing hemp, and we believe this joint venture will allow the Company to further its vision by establishing itself as a premier company in the hemp sector,” said Don Steinberg, Chief Executive Officer of Marijuana Company of America. “With the ongoing return of net profits this project is expected to provide MCOA, we are confident that signing this Letter of Intent is another strategic step for the Company and we look forward to expanding further in both the cannabis and hemp markets in California. If all goes according to plan, this will by far be the most financially successful venture the Company has been involved in.”

Marijuana Company of America will receive an 80% return of net profits for the JV on an ongoing basis, as well as a long-term lease on the property with favorable lease terms. The project includes up to 500 usable acres of land in California’s Riverside County that has sufficient water and power and is specifically suited for large-scale cultivation. The Company is in the process of sourcing the highest quality seeds that will yield a high percentage of CBD with legally compliant low levels of THC. It is projected that each acre will produce 2,500 pounds of hemp biomass. Based on prevailing fair market rates at this time, the biomass can be sold for approximately $35 a pound. If the Company processes the biomass as it intends to do, at least in part, the biomass will produce a significantly higher financial return. Additionally, the property is equipped with several large structures that are suitable for the storage and drying of the hemp plants. A highly experienced cultivation team has been engaged to manage the operations and cultivation of the farm.

Consummation of the transaction remains contingent upon satisfactory completion of due diligence by both parties and completion and agreement on all final terms and conditions of the engagement. Further details on the terms of this LOI are available in the Company’s filing, which can be accessed at www.sec.gov.

About Marijuana Company of America, Inc.
MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART™, which targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry as the legalized markets and opportunities in this segment mature and develop.

About Our hempSMART Products Containing CBD
The United States Food and Drug Administration (FDA) has not recognized CBD as a safe and effective drug for any indication. Our products containing CBD derived from industrial hemp are not marketed or sold based upon claims that their use is safe and effective treatment for any medical condition as drugs or dietary supplements subject to the FDA’s jurisdiction.

Forward-Looking Statements
This news release contains “forward-looking statements” that are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities, and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q and other periodic reports filed from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:
[email protected]
888-777-4362

Corporate Communications Contact:
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212-418-1217 Office
[email protected]

For more information, please visit the Company’s websites at:

MarijuanaCompanyofAmerica.com
hempSMART.com
NetworkNewsWire/MCOA

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Posted in Marijuana Company of America | Comments Off on Marijuana Company of America $MCOA Signs Letter of Intent to Cultivate Large Hemp Farm in California $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

North Bud Farms Inc. $NBUD.ca – ‘Game changer’: Health Canada changes cannabis licensing process $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 2:00 PM on Thursday, May 9th, 2019

SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Learn More.

NBUD: CSE

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‘Game changer’: Health Canada changes cannabis licensing process

By David George-Cosh

Health Canada is changing the way it issues cannabis industry licences in a move that will likely alleviate a bottleneck that observers attribute to a long-running shortage of legal pot in the country.

Effective immediately, the regulator says new applicants seeking to produce, sell or process cannabis must already have a fully built facility. Previously, applicants were only required to make a paper submission.

“This is a game changer,” said Matt Maurer, a cannabis lawyer with Torkin Manes LLP, in a phone interview with BNN Bloomberg.

“We go from a situation where if you wanted to submit an application, you submit your paperwork and you sit and wait to hear back from Health Canada,” he said. “Now you’re asked to build a $30-million to $40-million facility before you even submit your application.”

Health Canada said it is making these changes after reviewing its existing process where more than 70 per cent of applicants whose paperwork was approved over the last three years failed to provide evidence of a having a cannabis facility that meets regulatory requirements.  

“As a result, a significant amount of resources are being used to review applications from entities that are not ready to begin operations, contributing to wait times for more mature applications and an inefficient allocation of resources,” Health Canada said in a release Wednesday.

Industry applicants have previously complained to Health Canada about the time it takes to become licensed as well as the number of current applications waiting for approval.

For example, Aphria Inc. interim chief executive officer Irwin Simon said in January during a call with analysts that his company was still waiting for Health Canada to approve licensing for an expansion to one of its facilities in Leamington, Ont. despite submitting an application with the regulator in early 2018. The company received licensing for the facility in March.

“This is not a slam against Health Canada. It’s just we as an entire industry were not fully prepared for the [consumer] onslaught,” Simon said. “We have great pent-up demand; we are impatiently waiting, but we are waiting.”

Sherry Boodram, chief executive officer of cannabis consulting company CannDelta Inc. and a former Health Canada staffer, said the new licensing requirements will likely “hit the industry hard” and make it more difficult to get investors to commit to a cannabis-related project.

“Your business plan has to be sound and make sense,” she said in a phone interview with BNN Bloomberg. “It might deter some people who were thinking of getting into the industry, like the micro-cultivation type, because they need a lot of money up front.”

Health Canada said that since May 2017 it has licensed more than 129 new sites and counts more than 600,000 square metres of production space for legal cannabis – the equivalent of growing 1 million kilograms of legal pot in Canada annually, roughly the same amount consumed in the country.

Cannabis Canada is BNN Bloomberg’s in-depth series exploring the stunning formation of the entirely new – and controversial – Canadian recreational marijuana industry. Read more from the special series here and subscribe to our Cannabis Canada newsletter to have the latest marijuana news delivered directly to your inbox every day.

Source: https://www.bnnbloomberg.ca/game-changer-health-canada-changes-cannabis-licensing-process-1.1255720

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Marijuana Company of America’s $MCOA #hempSMART Subsidiary Plans Separate Listing on the Vienna Exchange $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

Posted by AGORACOM-JC at 8:37 AM on Wednesday, May 8th, 2019
15233 mcoa
  • Announced that its wholly owned subsidiary, hempSMART, Ltd., is taking steps to list on the Vienna Stock Exchange (H Smart SARL),
  • Intends to raise sufficient capital to expedite the rollout of its hempSMART™ product line in Europe.

Escondido, California–(May 8, 2019) – MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) (“MCOA” or the “Company“), an innovative hemp and cannabis corporation, is pleased to announce that its wholly owned subsidiary, hempSMART, Ltd., is taking steps to list on the Vienna Stock Exchange (H Smart SARL), with the intention of raising sufficient capital to expedite the rollout of its hempSMART™ product line in Europe.

Marijuana Company of America plans to sell a minority interest of hempSMART, Ltd., currently engaged in developing and marketing the hempSMART brand in Europe, for up to $10 million. The Company expects that all of the necessary steps to trade on the Vienna exchange will be completed by the beginning of the third quarter of 2019.

Once listed, hempSMART, Ltd. will be one of the first U.S.-based hemp-derived cannabidiol (CBD) companies to do an initial listing on a European exchange, as most cannabis and hemp public companies opt to list in Europe as a secondary listing. This is a result of the Company’s commitment to prioritizing its marketing efforts in the burgeoning European cannabis, hemp and CBD markets, with future plans to expand further.

“We are very excited to do an IPO of hempSMART, Ltd. on such a reputable European exchange,” said Don Steinberg, CEO of Marijuana Company of America. “This is a huge leap forward to obtain the necessary capital to bolster our European launch and become a top hemp brand in Europe. Europe’s cannabis and hemp markets are undergoing a critical phase in their growth and this is the optimum time to establish our brand as a leader. To date, we have exceeded expectations at our London event in March. In order to capitalize on this positive market momentum, we have planned two additional events in England, with two more following in Liverpool and Birmingham.”

hempSMART, Ltd. is expected to enter Portugal later this month, with future plans to extend further in France, Germany and Austria. hempSMART, Ltd. markets and sells the Company’s hemp and hemp-based personal wellness products, including the U.S.-patented hempSMART Brain™, an effective wellness product formulated with proprietary composition of natural ingredients and CBD to enhance brain function.

Jesus Quintero, CFO of MCOA, stated, “This offering on the Vienna exchange will help to strengthen the worldwide valuation for our hempSMART brand. We are highly optimistic about the prospects of this offering and the financial success of hempSMART.”

Ian Harvey, COO of hempSMART, Ltd., commented, “The U.S. patent issuance is indicative of the advances the Company achieved, and is a testament to the Company’s continued commitment to produce unique products of the highest quality, which distinguishes hempSMART as a leader of hemp-based CBD products.”

About Marijuana Company of America, Inc.
MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™,” which targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop.

About Our hempSMART Products Containing CBD
The United States Food and Drug Administration (FDA) has not recognized CBD as a safe and effective drug for any indication. Our products containing CBD derived from industrial hemp are not marketed or sold based upon claims that their use is safe and effective treatment for any medical condition as drugs or dietary supplements subject to the FDA’s jurisdiction.

Forward-Looking Statements
This news release contains “forward-looking statements” that are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate,” “seek,” intend,” “believe,” “estimate,” “expect,” “project,” “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-12G, our quarterly reports on Form 10-Q and other periodic reports filed from time to time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

Contact:
[email protected]
888-777-4362

Corporate Communications Contact:
NetworkWire (NW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]

For more information, please visit the Company’s websites at:

MarijuanaCompanyofAmerica.com
hempSMART.com
NetworkNewsWire/MCOA

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44536

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Posted in All Recent Posts, Marijuana Company of America | Comments Off on Marijuana Company of America’s $MCOA #hempSMART Subsidiary Plans Separate Listing on the Vienna Exchange $AERO $CBDS $CGRW $APH.ca $GBLX $ACG $ACB $WEED.ca $HIP.ca

North Bud Farms Inc. $NBUD.ca – More Canadians smoking up and buying it from legal sources $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 12:25 PM on Thursday, May 2nd, 2019

SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Learn More.

NBUD: CSE

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More Canadians smoking up and buying it from legal sources

  • A new report on cannabis use in Canada shows how many have tried it for the first time, how many smoke daily, and how many think it is okay to drive within two hours of smoking up.
  • It said 5.3-million Canadians or 18 per cent over the age of 15 admitted to using cannabis within the past three months
  • That is an increase from 14 per cent during the same period last year before legal recreational use.

By Adelle Loiselle

May 2, 2019

A new report on cannabis use in Canada shows how many have tried it for the first time, how many smoke daily, and how many think it is okay to drive within two hours of smoking up.

Statistics Canada released the report detailing use in the first quarter of 2019 Thursday.

It said 5.3-million Canadians or 18 per cent over the age of 15 admitted to using cannabis within the past three months. That is an increase from 14 per cent during the same period last year before legal recreational use. In Ontario, one in five residents used in the first quarter of 2019 compared to 14 per cent during that period in 2018.

An increase among men aged 45 to 64 partially explains the rise. It went up to 22 per cent from 16 per cent a year ago, while use among women remained stagnant at 13 per cent.

Some 646,000 people admitted to trying it for the first time, while others had used it in the past but tried it again after abstaining for years. Older users accounted for a third of all people who sampled for the first time.

The percentage of daily users did not change from 2018, but there were more weekly and occasional consumers.

The report also showed that more people are buying their cannabis from legal sources. Statistics Canada says 47 per cent of users obtained solely from legitimate sources, like the Ontario Cannabis Store or legal retail marijuana stores, while 38 per cent got it illegally, down from 51 per cent last year. The rest used a mix of legal and illegal sources.

Cannabis use and driving still present a safety concern. The agency said half of Canadians believe it is safe to drive after three hours of using cannabis, but 15 per cent believed it was safe to get behind the wheel less than two hours afterwards. Many of those who drove earlier also said they had been passengers in a vehicle where the driver consumed cannabis within two hours of driving.

More than half a million Canadians also confessed to either using cannabis right before going to work or while on the job. About 27 per cent of those people were daily users.

Source: https://blackburnnews.com/windsor/windsor-news/2019/05/02/canadian-smoking-buying-legal-sources/

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Vertical Exploration $VERT.ca Engages with AGRINOVA for Wollastonite Research and Development

Posted by AGORACOM at 8:30 AM on Monday, April 29th, 2019
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  • AGRINOVA is a highly-regarded Center for Research and Innovation in Agriculture in Quebec
  • Contracted to optimize the potential agricultural uses of wollastonite through innovstion of production methods for farmers and agricultural companies located in Quebec.
  • The research and development program being conducted by AGRINOVA consists of three phases
  • 3 Phases are: product characterization and uses of wollastonite, a market study and the implementation of an applied research program being conducted on the farmlands of the Saguenay Region in Quebec.

VANCOUVER, BC / ACCESSWIRE / April 29, 2019 / VERTICAL EXPLORATION INC. (TSX-V: VERT) (“Vertical” or “the Company”) is pleased to update shareholders that it has engaged with AGRINOVA over the past year to conduct research and testing of Vertical’s St-Onge wollastonite on a range of important agricultural end uses. AGRINOVA, which is a highly-regarded Center for Research and Innovation in Agriculture in Quebec, has been contracted to manage all aspects of a comprehensive research and development program in an effort to optimize the potential agricultural uses of wollastonite and in turn help improve production methods for farmers and agricultural companies located in Quebec.

The research and development program being conducted by AGRINOVA consists of three phases, including product characterization and uses of wollastonite, a market study and the implementation of an applied research program being conducted on the farmlands of the Saguenay Region in Quebec.

The agronomic characterization and verification of wollastonite’s uses in agriculture is particularly important to Vertical, as results generated from this ongoing research program will support the Company’s plans to market its wollastonite to a range of agricultural customers. The applied research and development work being conducted by AGRINOVA will also directly support the certification of Vertical’s St-Onge wollastonite by the Bureau de normalisation du Québec (BNQ), an organization accredited by the Standards Council of Canada (SCC), which is a necessary first step for Vertical to take before moving forward with initial sales efforts for its St-Onge wollastonite in Quebec.

Initial results from the three phase program are anticipated to be released within the next few weeks.

ABOUT AGRINOVA

AGRINOVA (www.agrinova.qc.ca), the Center for Research and Innovation in Agriculture, is a Technology Access Centre located in Alma, Quebec that provides technical help and services to farmers and agricultural companies throughout the province in order to help them access new technologies and assist them with the adoption of innovative new technologies and practices. AGRINOVA’s technology support focuses primarily on consumer concerns (milk quality); reducing greenhouse gas (GHG) emissions; organic or natural products; comfort and well-being of animals; digital adoption; and the economic efficiency of companies.

ABOUT VERTICAL EXPLORATION

Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company’s St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.

ON BEHALF OF THE BOARD
Peter P. Swistak, President/CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-683-3995 Toll Free: 1-888-945-4770

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CLIENT FEATURE: $VERT.ca Vertical Exploration – Developing the St. Onge Wollastonite Project $TORR.ca $FA.ca

Posted by AGORACOM at 12:29 PM on Friday, April 26th, 2019
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Wollastonite
  • St-Onge-Wollastonite Deposit located approximately 90 kilometres Northwest of the city of Saguenay, in St-Onge township, in the Saguenay-Lac-St-Jean region of Quebec, Canada.
  • Wollastonite is a calciuminosilicatemineral that may contain small amounts of iron, magnesium, and manganese substituting for calcium
  • Wollastonite is used primarily in ceramics, friction products (brakes and clutches), metalmaking, paint filler, and plastics.
  • Located close to Saguenay Port and year round shipping access

St-Onge-Wollastonite Deposit: Resource Classification

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Utilizing Wollastonite as A Soil Additive

  • Vertical is researching the use of Wollastonite as a soil additive for optimizing marijuana growth
  • Phase Three trials involving cannabis grown with wollastonite (CaSiO3) as a soil additive at BC Bud Depot’s (BCBD) ACMPR-licenced Research and Development facilities in Vancouver, BC
  • Phase Three trials measured and recorded significant improvements in root mass, powdery mildew control and pest elimination.
  • In every case the most optimal results occurred with an admixture rate of 10% to 15% wollastonite to the growth medium

Hub on Agoracom

FULL DISCLOSURE: Vertical Exploration is an advertising client of AGORA Internet Relations Corp.

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North Bud Farms Inc. $NBUD.ca – How to Value a #Pot #Cannabis Stock $WEED.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 11:32 AM on Thursday, April 18th, 2019

SPONSOR: North Bud Farms Inc. (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Click Here For More Information

NBUD: CSE

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How to Value a Pot Stock

By Tara Lachapelle and Sarah Halzack

While cannabis investors are distracted by seeds and crop yields, corporations with M&A in mind see a more lucrative future in brand-building and retail.

Cannabis growers have hardly any revenue and their product is still illegal in their most desirable market, the U.S. That’s not stopping investors and corporate giants from spending billions of dollars to take stakes in these companies. They obviously see growth potential. And yet the question remains, how do you even value a pot business? 

Altria Group Inc., the U.S. tobacco leader and maker of Marlboro cigarettes, announced in December that it was buying 45 percent of Cronos Group Inc., one of Canada’s growing number of cannabis producers and among the industry’s high-flying stocks. The $1.8 billion transaction left us wondering: How did Altria determine that price? After all, in the period before the deal, Cronos generated sales of less than $4 million – no, that’s not a typo – and certainly no profits. Recreational pot had only just become legal in Canada two months earlier. Altria, a $105 billion market-cap company that rarely does splashy deals, placed immense value on a barely existent business in a nascent market.

The dynamics were the same when Constellation Brands Inc., a beer and liquor conglomerate, spent $3.8 billion to increase its stake in Canopy Growth Corp. earlier in 2018. Canopy’s CEO has said he wants it to become the Google of pot â€“ but he’ll need to add a few more digits to its sales figures. 

Seeing Green

The projected growth of the worldwide cannabis market has some investors pouring money into newcomer companies with tiny revenue and no profits

Source: Arcview Market Research, BDS Analytics

It’s a tricky thing to gauge the worth of assets that will potentially be highly valuable down the road – but are difficult to quantify just yet. Looking at other industries where this has been the case is helpful. Even if their businesses aren’t perfect comparisons, the method of valuing them can be instructive. 

Take the natural-resources space, where the focus is often on non-financial metrics. They include production capacity and tangible assets, such as proved oil reserves – which is to say, how much fuel a producer can likely pump from their land. It can be argued that this is similar to how individual investors already have been gauging cannabis companies, dazzled by how many kilograms can be produced and how many acres of greenhouse they have.

But the downside to this approach for cannabis is that it puts too much emphasis on supply-chain processes that may become commoditized, and a rudimentary focus on capacity doesn’t capture how the early movers in this market can differentiate themselves. The industry’s novelty also distracts from what can be a challenging business from an operational standpoint. For example, Aphria Inc.’s share price increased more than elevenfold over the last five years, but in its latest quarter the business was hamstrung by supply shortages and packaging issues. 

A better comparison for cannabis may be the biotechnology space. Deals for drug developers involve big, risky bets on future potential blockbusters. These products may not generate revenue yet, but they aim to address very specific markets and are expected to have an economic moat that wards off competition. For pharmaceuticals, that moat comes from patent exclusivity that prevents copycat versions of a therapy. In some ways, this is what the more advanced cannabis companies are looking to accomplish. They won’t have patents in the same way, but they do aim to create intellectual property and specialized brands that appeal to certain types of customers. And they want to be first to form those customer relationships.

Remember, this market will be far more expansive than simply selling a box of joints. There’s an opportunity to create all sorts of consumer products, and the marketing can vary widely – from wellness drinks and beauty items infused with cannabidiol, or CBD (the part of cannabis that doesn’t deliver a high), to “sin” products like marijuana-infused edibles, or something more akin to having a glass of wine.

Taking Off

As the recreational cannabis market surpasses the medical one, it will become increasingly important for companies to create compelling brands

Source: Arcview Market Research, BDS Analytics

Look at it this way: Altria doesn’t own tobacco farms. It owns high-margin brands that source from tobacco growers. So when it’s studying the future of marijuana, it’s not looking solely at production. It’s looking for unique brands that can be scaled up by a team with the necessary know-how. In the case of Cronos, CEO Mike Gorenstein said on the last earnings call that the company is trying to differentiate itself with pre-rolled joints, adding that innovation around branding and efficiency will be “a bigger differentiator than just cultivation.”

Knowing the important role that brand-building will play in the next phase of the cannabis industry’s growth story, it’s useful to study these companies’ senior management teams and look for branding and retail pedigree. It’s a good sign that Cronos’s head of marketing has had stints at PepsiCo Inc. and Mondelez International Inc., and that Tilray Inc. has a one-time Starbucks Corp. executive running its retail strategy.

Green Growth Brands Inc., based in Ohio and Ontario, has a deep bench of such leaders: Its CEO is Peter Horvath, a former executive at American Eagle Outfitters Inc., Victoria’s Secret and DSW. His key deputies come from the likes of Abercrombie & Fitch Inc. and Bath & Body Works. They are rightly emphasizing that retail expertise is a point of distinction and an advantage as they develop targeted brands such as Green Lily, aimed at women, and Camp, aimed at active, outdoorsy types. This brand-centricity seems to be paying off: Even though Green Growth doesn’t have as large a market capitalization as the Canada-based players, it recently scored a partnership with Simon Property Group Inc. to open more than 100 CBD stores in the mall giant’s shopping centers, and its CBD products will be sold in 96 DSW locations.

That U.S. footprint might do it good down the road, as wider marijuana legalization seems likely. While much of the focus these days is around the promise of the Canadian market, it’s important not to let that obscure what should be the cannabis world’s real end game. 

Sizing Up The U.S. Prize

California alone has a larger population than Canada, illustrating why the U.S. remains such a tantalizing opportunity for the cannabis industry

Source: Statistics Canada, U.S. Census Bureau

And, in general, the Canadian companies that have received such bountiful investor buzz are at something of a disadvantage on the branding front, notes Bethany Gomez, a cannabis industry analyst at Brightfield Group. Because of strict rules in Canada regarding logo size and other packaging details for currently available cannabis products, they are simply limited in how distinctive they can make their presentation.

Wherever it’s sold, if the cannabis business is to grow as big as the industry’s bulls hope, it is going to have to successfully court non-users and infrequent users. That’s where newer innovations, such as edibles and beauty items, may be more important than smokeable products. 

Not Quite Cannabis Crazy

In U.S. markets that have legalized recreational marijuana, many people are still not consuming cannabis, underscoring the opportunity to grow addressable market

Source: BDS Analytics Consumer Insights

The companies that become the breakout stars in the legal cannabis era will be the ones that have a vision for how to create demand for such goods, whether through curiosity-inducing product, a great in-store experience or alluring marketing. These capabilities â€“ not merely spreading more seeds in soil – should be a critical part of valuing the pot pioneers.

Source: https://www.bloomberg.com/opinion/articles/2019-04-18/altria-shows-there-s-a-better-way-to-value-cannabis-stocks

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Vertical Exploration $VERT.ca Joins Prestigious International Fertilizer Industry Association $TORR.ca $FA.ca

Posted by AGORACOM at 9:17 AM on Wednesday, April 17th, 2019
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  • Now a member of the International Fertilizer Industry Association (IFA )
  • The IFA is a non-profit organization based in Paris, France that represents the global fertilizer industry
  • Joined to promote and strategically market it’s world-class St-Onge wollastonite to a range of potential end-users
  • IFA member companies represent all activities related to the production, trade, transport, and distribution of every type of fertilizer

VANCOUVER, BC / ACCESSWIRE / April 17, 2019 / VERTICAL EXPLORATION INC. (TSX-V: VERT) (“Vertical” or “the Company”) is pleased to announce that it has become a member of the International Fertilizer Industry Association (IFA), as part of its ongoing efforts to promote and strategically market it’s world-class St-Onge wollastonite to a range of potential end-users.

The IFA is a non-profit organization based in Paris, France that represents the global fertilizer industry, on issues related to the promotion of plant nutrients, improvement of the operating environment of the member companies and the collection and compilation of industry information (https://www.fertilizer.org/). The IFA has a total of 476 members in 67 countries, including member organizations involved in construction, engineering, consulting, agronomic research and training. IFA’s core mission is to promote the efficient and responsible production, distribution, and use of plant nutrients.

IFA member companies represent all activities related to the production, trade, transport, and distribution of every type of fertilizer, ultimately serving farmers everywhere in order to meet the world’s growing food, feed, fibre and bioenergy needs in a sustainable manner.

Vertical’s membership in the IFA will allow it to showcase its wollastonite resource to a much wider global audience. Vertical strongly believes its natural wollastonite will help increase plant production for farmers and growers, by providing a unique combination of bio-available nutrients, such as silicon and calcium, that are essential to maintaining plant quality and stress tolerance during the critical stages of plant growth.

Vertical is also planning to attend the upcoming IFA 2019 Annual Conference taking place June 11-13th in Montreal, Quebec. This conference should provide additional opportunities for Vertical management and directors to meet with other IFA members, and potentially generate strategic partnerships that will aid in the marketing and future sales of its St-Onge wollastonite.

ABOUT VERTICAL EXPLORATION

Vertical Exploration’s mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company’s flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.

ON BEHALF OF THE BOARD

“Peter Swistak”

Peter P. Swistak, President/CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll-Free: 1-888-945-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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