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Update on Marijuana Company of America's Oregon Hemp Project
Update on Marijuana Company of America's Oregon Hemp Project.
About this update from Marijuana Company Of America, Inc.
[{"type":"text","content":"\n\n\n\nUpdate on Marijuana Company of America's Oregon Hemp Project\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nUpdate on Marijuana Company of America's Oregon Hemp Project\nPR Newswire\nESCONDIDO, Calif., May 22, 2020\n\n\n\nESCONDIDO, Calif., May 22, 2020 /PRNewswire/ -- MARIJUANA COMPANY OF AMERICA INC. (\"MCOA\" or the \"Company\") (OTC: MCOA)  provides an update on its joint venture hemp project in Scio, Oregon, operated through Covered Bridge Acres (CBA).\n\n \n \n \n \n \n \n\n \nThe hemp farm has remained in operation through the Coronavirus pandemic as allowed by the State of Oregon. The CBA team is taking all necessary precautions required to operate in a safe and responsible manner. Fortunately, the farm is of significant size to enable the team to spread out widely throughout the property while carrying out their daily activities to prepare the farm for the 2020 cultivation.\nSince the acquisition of the Scio farm in 2018, the CBA team has grown high CBD hemp, for the sale of both biomass and flower. In light of the current market conditions for these products due to overproduction in 2019, and slower than expected sales due to the pandemic, CBA has decided to change its production focus for 2020. This year, CBA will focus on producing a high quality CBG (Cannabigerol) flower in its greenhouses. This \"artisanal grown\" CBG flower will supply the smokable flower market, which has seen an increase in demand for quality CBG flower, and has continued to hold its price in light of the current pressures in the CBD market .\nThe strain that will mainly be grown is referred to as \"CBG-1\". This is a cultivar that has had extensive work in developing the perfect phenotype and has been back bred to produce an average CBG content of 22%, while having a total THC content of no more than 0.3%. Greenhouse cultivation was chosen for this project to ensure the highest quality of hemp is being grown. The greenhouses will also allow the team to better control the growing climate and protect the plants from any end of season rains that typic...