Business
Marijuana Company of America Partners With HoneyB Healthy Living to Launch the BeniHemp Brand
Marijuana Company of America Partners With HoneyB Healthy Living to Launch the BeniHemp Brand.
About this update from Marijuana Company Of America, Inc.
[{"type":"text","content":"\n \n \n Marijuana Company of America Partners With HoneyB Healthy Living to Launch the BeniHemp Brand\n \n \nMarijuana Company of America Partners With HoneyB Healthy Living to Launch the BeniHemp Brand\n \n ESCONDIDO, CA--(Marketwired - Nov 30, 2017) - MARIJUANA COMPANY OF AMERICA, INC. (\"MCOA\" or the \"Company\") (OTC: MCOA), an innovative hemp and cannabis company, is pleased to announce that it has partnered with the founders of HoneyB Healthy Living to develop Convenient Hemp Mart, LLC's \"BeniHemp\" branded products targeting convenience stores for CBD product distribution. MCOA has invested $100,000 into the start-up project for a 25% equity stake.\n BeniHemp products include topicals, tinctures and edibles conveniently packaged in 1-day, 2-day and 30-day supplies. The target markets are convenience stores, smoke shops, gas stations and similar types of small retail businesses where CBD commerce has significant potential to generate sales from the impulse buyer at the register.\n Convenient Hemp Mart is in the process of developing unique sample sized packaging for consumers to try its BeniHemp products. When customers have a positive experience with BeniHemp sample products, they will then be able to purchase a monthly supply and sign up for auto ship online. Store owners will continue to generate additional revenue without the burden of managing inventory and shelf space.\n MCOA Chief Executive Officer Donald Steinberg observed: \"The BeniHemp model is attractive to convenience store operators, who understand the value of selling sample sized packages of CBD products that will ultimately generate online sales for monthly orders where they can generate revenues from sales they never see or have to manage. We believe this is an attractive model for small retail business owners looking for every opportunity to tap into the rapidly emerging CBD market to generate additional revenue. We have high expectations for what the experienced HoneyB team can accomplish.\" \n HoneyB Healthy Living and Convenient Hemp Mart are working with MCOA and Space Cowboys, Inc. in Loveland and Longmont Colorado to establish a secure and consistent supply of quality cannabinoids to fulfill demand for current and future product development and distribution.\n The expectation is that BeniHemp will soft launch in December 2017 with the full launc...