Escondido, CA – March 8, 2021 — Marijuana Company of America (OTCPK: MCOA) (“MCOA” or the “Company”), an emerging company and leader offering unique exposure to the global cannabis sector, today announced that in an ongoing effort to position itself as a leader in the marketplace by offering diversification with sophistication has entered into a strategic collaboration by signing a Share Exchange Agreement with Eco Innovation Group, Inc. (OTCPK: ECOX).
Marijuana Company of America is an emerging company and leader offering unique exposure to the global cannabis sector. The Company recently transitioned from research & development to a revenue-producing cannabis marketing company focused on sales & marketing of the Company’s line of proprietary botanical legal hemp-based CBD (cannabidiol) “hempSMART™” products.
Eco is an innovative company aggregating investments in new technologies that promote environmental and social well-being and the advancement of green energy solutions.
Under the agreement, MCOA and Eco Innovation Group, Inc. will collaborate in order to seek mutual strategic opportunities that exist to leverage both companies’ global presence. MCOA indicated that it had made this investment with ECO Innovation Group, Inc. because they offer among many inventions, a strong application for CBD and licensed marijuana extraction that utilizes a non-CO2 solvent to extract valuable bioactive compounds from plant-based materials to create a fluid output.
Jesus M. Quintero, CEO of MCOA, stated, “Our collaboration and achievements we make with Eco Innovation Group, Inc., and other corporate partners will advance our leadership position and have a positive impact on our business opportunities. Now more than ever we will be able to use our newly launched e-commerce platform to strategically distribute and market new products and technologies including Eco’s cutting-edge extraction platform. We have positioned ourselves to quickly identify and accelerate the development of new varieties of hemp based products and distribute them across the Globe.”
According to the Agreement, Marijuana Company of America issued $650k in MCOA common stock to Eco Innovation Group on March 1, 2021 in exchange for $650k in ECOX common stock, with the number of shares being determined by a reference price based on recent trading activity, as established in the Agreement.
Please review the 8-K filing made with the Securities and Exchange Commission at the following link:
About Marijuana Company of America Inc.
Marijuana Company of America (OTC: MCOA) is an emerging company and leader offering unique exposure to the global cannabis sector. The Company recently transitioned from research & development to a revenue-producing cannabis marketing company focused on sales & marketing of the Company’s line of proprietary botanical legal hemp-based CBD (cannabidiol) “hempSMART™” products.
hempSMART™ offers an extensive full line of premium CBD organic products that are scientifically driven and double lab tested to ensure purity and potency. The Company will direct the sale of its products to wholesalers, distributors, the medical community, online e-commerce consumer platforms, and a proven network affiliate marketing program. The Company has also launched international sales, production, and marketing expansion.
About 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.
For more information, please visit:
About Eco Innovation Group
Eco Innovation Group was founded by Inventors and Business Professionals to help nurture and catalyze the most innovative and impactful products and services, and to deliver those innovations to the world, improving the quality of life in our communities and the world around us, while delivering value to our shareholders. At ECOX, we are dedicated to developing and commercializing successful products. But we will never lose sight of the fact that we exist, first and foremost, to help people and improve life on the planet we all share. We take our Social Responsibility Contract seriously in all our endeavors. It is not only what we do. It is who we are. For more information, visit www.ecoig.com.
SOURCE: Marijuana Company of America