Business
Marijuana Company of America’s Joint Venture Completes set up of 10,000 sq ft. Greenhouse
Marijuana Company of America’s Joint Venture Completes set up of 10,000 sq ft. Greenhouse.
About this update from Marijuana Company Of America, Inc.
[{"type":"text","content":"\nESCONDIDO, Calif., May 17, 2018 (GLOBE NEWSWIRE) -- via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (\"MCOA\" or the \"Company\") (OTC:MCOA), an innovative hemp and cannabis corporation, is pleased to announce that its Washington based Joint Venture with Bougainville Ventures, Inc. has completed the setup of 10,000 sq. ft. of greenhouse space. The greenhouse is pending the completion of inspection, which is the final step needed before commencing cultivation.\n\n \n \n \n \n \n \n \n \n \n \n \n Marijuana Company of America (MCOA), in a joint venture with Bougainville Ventures, Inc., has erected the first 10,000 square feet of a 30,000-square-foot greenhouse facility for cannabis cultivation in Washington. When fully built out, the facility will have the capacity to house approximately 4,000 marijuana plants.\n \n \n \n \n \n \n \n \n\n The first 10,000 of a 30,000 square foot facility has been fully erected and is ready for inspection this week along with the newly installed security system. The construction crew is currently focused on installing the wiring and mounting panels, plugs and switches, the HVAC system and fans. The Company expects that the final inspection of the security and greenhouse construction will be sometime this week. Once the inspection is approved, the tenant grower will be allowed to occupy the space and begin growing.   Donald Steinberg, MCOA CEO said, \"As landlords we are looking forward to providing a turnkey property to the first of hopefully many licensed tenants in Washington. Providing a turnkey facility for tenant growers is an ideal cultivation environment for tenants with minimal start-up capital and consistent rental income for MCOA.” Once the 30,000 sq. ft. facility is fully built-out, it will have the ability to house approximately 4,000 plants. About Marijuana Company of America, Inc.  MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name \"hempSMART™\", that 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 cannabis in those states and jurisdictions where cannabis h...