Marijuana Company Of America Inc (OTCMKTS: MCOA) believes that a shift in its business strategy and structure will make things work out for it. Analysts agree with the company’s move to expand into the Legalized Cannabis THC Industry. As a result, MCOA makes a direct investment in Natural Plant Extract (NPE), hoping to achieve monumental business success in the future.
The formation of a joint venture with Cannabis Global Inc is a business collaboration that will enable them to undertake manufacturing activities at the Lynwood, CA facility. The plan will be to embark on the manufacture of licensed THC products.
The formation of the joint venture isn’t the only thing, considering the new business colorations with Eco Innovation Group. However, it is a partnership that will see them develop critical extraction technology to facilitate eco-friendly THC extraction. They will also work with a corresponding machine towards the creation of significant value.
The CEO of Marijuana Company of America, Inc, Jesus Quintero, has termed its latest moves historic, thanking everyone who has supported them in their business activities so far. He points out the employees’ hard work and dedication, outlining that their contributions have made it possible to be where they stand currently.
The official has also thanked the shareholders for their trust and continued support, outlining that they form a significant part of its success today. He believes that they have gotten to a relatively excellent inflection point and projects great times ahead.
MCOA has been rather keen on identifying great and progressive opportunities. Part of those happens to be the new potential revenue-producing cannabis acquisitions that will enable the company to capture a massive and fast-expanding percentage of the market effectively.
Mr. Quintero opines, “We are confident these initiatives will allow us to better serve our customers, strengthen our vertical supply chain, accelerate the growth we have experienced in the recent past and position us to continue our organic growth.”
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