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Marijuana Company Of America Inc (OTCMKTS:MCOA)’s JV Completes 10,000 Sq. Ft. Greenhouse Set up; Provides Update on Oregon Project

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Marijuana Company Of America Inc (OTCMKTS:MCOA) recently announced that its Joint Venture with Bougainville Ventures Inc. based in Washington has completed 10,000 sq ft greenhouse set up. However, it is yet to complete the final step of inspection which is required to commence cultivation. The company also along with its partner Global Hemp Group recently provided an update on the Scio, Oregon-based CBD hemp farming project.

MCOA & Global Hemp Group To Maximize Planting Density

MCOA & Global Hemp Group are planning to maximize planting density. And for that the companies have decided to purchase an additional 20,000 high yielding CBD hemp clones. These clones will be delivered by the end of May and the planting will start by the first half of June this year. Already the garden operations are underway with the initial nursery and propagation rooms for clones being expanded for making space for additional production of clones in the current season.

The team of Global Hemp Group and MCOA will begin planting clones on the first 35 acres of their farm in Oregon. To meet their production target, the two companies have already purchased five additional greenhouses. The first two greenhouses are of 30 ft x 120 ft and will provide extra greenhouse space of 7,200 for the project. While planting the clones care will be taken to provide adequate space for each plant so that it receives sufficient sunlight, nutrients, water by planting the rows 5 feet apart.

Washington-Based Project Ready For Inspection

 The JV greenhouse setup between MCOA and Bougainville Ventures Inc. is now ready for inspection. As per reports, the construction crew has already installed new security system and is completing the installation of wiring and mounting panels, plugs and switches, the HVAC system and fans. 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.”

According to reports, MCOA is expecting that the final inspection of the security, as well as the greenhouse construction, will be carried out in the coming days. Once the building of the 30,000 sq ft is complete it will house around 4,000 plants.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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