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LOS ANGELES, CA / ACCESSWIRE / May 25, 2021 / Cannabis Global, Inc. (OTC PINK:CBGL) and Marijuana Company of America (OTC PINK:MCOA) today announce the funding of a state-of-the-art cannabis extract laboratory in Lynwood, California. The two companies recently created a joint venture, MCOA Lynwood Services, Inc., which is majority-owned by Cannabis Global, Inc., which will oversee operations and marketing of cannabis products produced by the venture.
"One of our top priorities at the new laboratory is to produce a crystalline form of THC-A called "Diamonds" to be sold into the wholesale and retail markets and for use on our own branded products," commented Arman Tabatabaei, CEO of Cannabis Global. "Production of cannabis Diamonds, which is often called Diamond Mining within the cannabis industry, is highly specialized requiring not only specific licensing and permitting but also state-of-the-art extraction equipment and specialized scientific personnel. With our funding now secure and the technical talent in place, we are now moving quickly to turn up operations."