Business
Marijuana Company of America Subsidiary Receives Patent Pending Status for Its Proprietary CBD Product
Marijuana Company of America Subsidiary Receives Patent Pending Status for Its Proprietary CBD Product.
About this update from Marijuana Company Of America, Inc.
[{"type":"text","content":"\n \n \n Marijuana Company of America Subsidiary Receives Patent Pending Status for Its Proprietary CBD Product\n \n \nMarijuana Company of America Subsidiary Receives Patent Pending Status for Its Proprietary CBD Product\n \n BONSALL, CA--(Marketwired - Jul 19, 2016) - MARIJUANA COMPANY OF AMERICA (\"MCOA\" or the \"Company\") (OTC PINK: MCOA), an innovative cannabis and hemp marketing and distribution company, is pleased to announce that its wholly owned subsidiary, H Smart, Inc., has received patent pending status, from the U.S. Patent and Trademark Office for its proprietary Cannabidiol (CBD) formulation that promotes and supports brain health.\n The MCOA team has been working diligently with formulators to develop a unique and proprietary formulation of CBD and supporting ingredients that promote neurogenesis. The Company is in the process of manufacturing, branding, labeling, and website development to prepare for product launch.\n \"We are very excited to launch our first proprietary CBD product. A lot of time and energy went into the development of this unique product and we are very close to launch and making it available to our members,\" said Mr. Steinberg, MCOA President and CEO.\n The Harmoneous pilot program has expanded to Los Angeles County and Green Dot Collective. This phase of the pilot is expected to be complete during the current quarter (Q3-2016). The current legislation in California has presented challenges that require an extension of the pilot program.\n MCOA and Kush Clinic have mutually agreed to terminate the managed services contract entered into on January 1st, 2016 as a result of the above mentioned challenges encountered during implementation. All managed services fees to Kush Clinic have been waived. Both parties are on amicable terms and have agreed to the possibility of working together in the future.\n On behalf of the Board of Directors, \n \"Donald Steinberg\"\n Donald Steinberg\n President & CEO\n 888-777-4362\n www.MarijuanaCompanyofAmerica.com\n About Marijuana Company of America Inc. \n Marijuana Company of America (\"MCOA\") is a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as hemp, using a variety of marketing approaches to distribute on a global basis.\n About Club Harmoneous \n Club Harmone...