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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 sec
THC-A Diamond Mine in Los Angeles County - Cannabis Global and Marijuana Company of America Fund Cannabis Extract Lab
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THC-A Diamond Mine in Los Angeles County - Cannabis Global and Marijuana Company of America Fund Cannabis Extract Lab
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ESCONDIDO, CA / ACCESSWIRE / May 13, 2021 / Marijuana Company of America, Inc. (OTC PINK:MCOA) and Cannabis Global, Inc. (OTC PINK:CBGL) today announced the closing of a definitive agreement establishing a new manufacturing and research center for advanced cannabis concentrates, cannabinoid polymeric nanoparticles and nanofibers. The joint venture, operating under an entity named, MCOA Lynwood Services, Inc, will be managed by Natural Plant Extracts of California (NPE) at its Lynwood, California location. Cannabis Global is majority owner of Natural Plant Extracts, holder of a Type 7 cannabis manufacturing permit.
The new venture will immediately focus on the production of cannabis concentrates, which will be processed at the licensed NPE facility and will continue the research and development of Cannabis Global polymeric nanoparticle technologies, for which patent applications were filed late last year. Cannabis concentrates will be sold into the regulated California market an