Business
Marijuana Company of America’s hempSMART™ Brand Continues European Expansion with Netherlands Launch
Marijuana Company of America’s hempSMART™ Brand Continues European Expansion with Netherlands Launch.
About this update from Marijuana Company Of America, Inc.
[{"type":"text","content":"\nESCONDIDO, Calif., June 27, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – MARIJUANA COMPANY OF AMERICA, INC. (“MCOA” or the “Company”) (OTCQB: MCOA), an innovative hemp and cannabis corporation, has continued the expansion of its wholly owned subsidiary, hempSMART, Ltd., into Europe, with its latest launch in the Netherlands.\n As a result of the positive feedback received during its United Kingdom launch in March, the Company made a strategic decision to offer its hempSMART™ CBD product line and expand its European footprint further by holding an event on June 15, 2019, in the Netherlands. “The Netherlands launch was a complete success, with people traveling from other parts of Europe to witness the excitement around our hempSMART™ CBD product line,” said Mr. Ian Harvey, Global Sales Director of hempSMART, Ltd. “The event featured our CEO, Don Steinberg, unveiling our wellness products via video link and educating people about the benefits of our prime quality botanical ingredients. Our products sold out at the end of the event, and we engaged new marketing associates for hempSMART™ as evangelists to the brand that will help spread our vision.” “Our high-quality CBD products combined with our compilation of highly knowledgeable hempSMART™ team members have effectively increased the Company’s footprint into the compelling European market,” said Mr. Steinberg. The Brightfield Group, a predictive market intelligence firm focused on the legal CBD and cannabis industries, opined on March 26, 2019, that the European CBD market was estimated at $318 million in 2018 and is expected to grow over 400 percent by 2023. Brightfield’s assessment was based on its opinion that CBD is just starting to take hold in Europe, and presents a great opportunity for developed brands to enter and expand into. 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 cannabi...