Announcements

Job offersmore »

Tweeting Growers

Top 5 - yesterday

  • No news has been published yesterday.

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




US (WA): MCOA starts construction on 30,000 sq. ft. cultivation facility

Marijuana Company of America announced that its joint venture partner, Bougainville Ventures, initiated construction on a 30,000 square foot cultivation facility in Washington state. The delivery of the first pre-designed greenhouses, with full tracking and reporting protocols, is expected to be completed this week for the I-502 facility. The site will eventually consist of 6 greenhouses providing a total of 30,000 sq. ft., of cultivation area. The construction is expected to be completed in February of 2018.



This one acre footprint of greenhouse is anticipated to be a technologically advanced and predominantly automated cannabis production facility. The Company also has an option to purchase additional contiguous acreage and so may choose to expand its leasehold in the area. Bougainville Ventures anticipates the facility to be capable of producing in excess of 12,000 lbs. of high quality cannabis annually once the cultivation area is fully built out. The location of the new facility provides access to transportation, industrial infrastructure, power, water, gas, and courier services.

Donald Steinberg, CEO of the Company, observed: "We have raised eight hundred thousand dollars and have issued fifteen million shares of the Company's common stock, per the revised agreement with Bougainville Ventures, Inc. The tenant is in the process of obtaining approval of plans and issuance of permits from Okanogan County and Washington State Liquor Control Board (WSLCB) to authorize construction on the first phase of the project. This transaction enables the joint venture to install 4 of the 6 design automated greenhouse systems." Mr. Steinberg also added "The attainable goal for the joint venture is to deliver the finished project early in Q1 2018 so that our tenant can begin producing revenues shortly thereafter."

For more information:
Marijuana Company of America
5256 S. Mission Road, #703-314
Bonsall, CA 92003
888-777-4362
ir@mcoa.club
www.marijuanacompanyofamerica.com

Publication date: 11/29/2017

 


 

Other news in this sector:

7/20/2018 Lebanon preparing to legalize medical marijuana
7/19/2018 Canada: Bert Mucci also goes into the cannabis business
7/18/2018 US (WA): Production starts at 35,000 sq.ft. cannabis greenhouse
7/17/2018 5 tech systems anyone with a cannabis greenhouse should be using
7/16/2018 CAN (ON): Hamilton council blocks 123,000 sq.ft. cannabis greenhouse
7/16/2018 CAN (BC): Local governments can regulate MJ growth on agricultural land
7/13/2018 CAN (ON): Councillors consider MJ greenhouse proposal again
7/11/2018 Canada: Aphria's strategy for legalization of recreational marijuana
7/10/2018 Israeli MMJ grower to shift to EU amid red tape
7/10/2018 CAN (QC): Sherbrooke College to provide cannabis production training
7/9/2018 Italy’s only MMJ producer can’t keep up with demand
7/9/2018 US (PA): University launches cannabis science graduate certificate programs
7/6/2018 Canopy Growth sets sights on Latin America
7/6/2018 US (CA): From cut flowers to cannabis, Lompoc grapples with past
7/6/2018 US (CO): Sweet Leaf licenses revoked in Denver
7/5/2018 CAN (AB): Aurora Sky completes first harvest
7/5/2018 US: California establishes testing for pesticides in marijuana products
7/4/2018 CAN (QC): Six zones of 250,000 sq. ft. MMJ greenhouse operational
7/4/2018 Cloning tips for vertical sea of green cultivation
7/4/2018 US (FL): White Sands MMJ facility revenue exceeds expectations