LOS ANGELES, CA / ACCESSWIRE / July 12, 2022 /Marijuana Company of America Inc. (“MCOA” or the “Company”) (OTC PINK:MCOA), an modern hemp and hashish company, at present introduced the appointment of former director Marco Guerrero as particular advisor to the Company’s hempSMART™ South American division.Marijuana Company of America Inc., Tuesday, July 12, 2022, Press launch pictureMCOA’s Latin American hempSMART™ three way partnership at present serves medical customers in Brazil, who purchase hemp-derived CBD hempSMART™ merchandise by prescription from Brazilian physicians. Brazil, a rustic with a inhabitants of over 212 million shoppers, buys CBD in quickly increasing portions. MCOA intends to develop our client base by delivering extra of our high-quality hempSMART™ product portfolio to Brazil and different Latin American international locations.Mr. Guerrero stepped down from MCOA’s Board of Directors on July 1, 2022, to work with the Company as a non-executive advisor to our wholly-owned subsidiary Hempsmart Global, Inc., the mum or dad firm of MCOA’s Latin American hempSMART™ three way partnership. This new place would require him to focus completely on penetrating the Brazilian market. Consequently, there was a mutual settlement to have Marco step down as a director of MCOA.Jesus M. Quintero, CEO, and CFO of MCOA acknowledged, “Our three way partnership in Brazil is constructing a stable base for our gross sales of hempSMART™ product line in Brazil and different vital South American markets, and is a serious strategic partnership for MCOA. Brazil, with a gross sales potential of tons of of thousands and thousands of shoppers, is central to our imaginative and prescient for enlargement. While the US CBD market has matured and is saturated with manufacturers, we imagine there’s an early market entrant benefit for us getting into the market with our established hempSMART model. Marco Guerrero is constructing out our South American framework and including him as a particular advisor to that MCOA division additional aligns our deal with growing gross sales within the area. We are centered on the chance for vital market penetration within the increasing Brazilian CBD market.”Story continuesAbout Marijuana Company of America, Inc.MCOA is an organization that participates in: (1) product analysis and growth of authorized hemp-based client merchandise beneath the model title “hempSMART™”, which targets normal well being and well-being; (2) an affiliate marketing online program to promote and promote its authorized hemp-based client merchandise containing CBD; (3) the enlargement of its enterprise into ancillary areas of the legalized hashish and hemp business, as the legalized markets and alternatives on this section mature and develop.About Hempsmart BrazilMCOA controlsAbout our hempSMART Products Containing CBDThe United States Food and Drug Administration (FDA) has not acknowledged CBD as a secure and efficient drug for any indication. Our merchandise containing CBD derived from industrial hemp aren’t marketed or bought primarily based upon claims that their use is an efficient therapy for any medical situation as medication or dietary dietary supplements topic to the FDA’s jurisdiction.Forward-Looking StatementsThis information launch comprises “forward-looking statements” which aren’t purely historic and will embrace any statements relating to beliefs, plans, expectations, or intentions relating to the long run. Such forward-looking statements embrace, amongst different issues, the event, prices, and outcomes of new enterprise alternatives and phrases such as “anticipate”, “search”, intend”, “imagine”, “estimate”, “count on”, “mission”, “plan”, or related phrases could also be deemed “forward-looking statements” inside the which means of the Private Securities Litigation Reform Act of 1995. Actual outcomes may differ from these projected in any forward-looking statements due to quite a few components. Such components embrace, amongst others, the inherent uncertainties related to new tasks, the long run U.S. and world economies, the affect of competitors, and the Company’s reliance on present laws relating to the use and growth of cannabis-based merchandise. These forward-looking statements are made as of the date of this information launch, and we assume no obligation to replace the forward-looking statements or to replace the explanation why precise outcomes may differ from these projected within the forward-looking statements. Although we imagine that any beliefs, plans, expectations, and intentions contained on this press launch are cheap, there may be no assurance that any such beliefs, plans, expectations, or intentions will show to be correct. Investors ought to seek the advice of all of the data set forth herein and also needs to refer to the chance components disclosure outlined in our annual report on Form 10-Okay, our quarterly experiences on Form 10-Q, and different periodic experiences filed from time to time with the Securities and Exchange Commission. For extra data, please go to www.sec.gov.CONTACT:[email protected]@mcoainvestments.com888-777-4362SOURCE: Marijuana Company of America, Inc.View supply model on accesswire.com: https://www.accesswire.com/708256/Marijuana-Company-of-America-Appoints-Marco-Guerrero-to-new-role-as-hempSMART-Advisor-Guerrero-to-Guide-South-American-Distribution-of-hempSMARTTM-Products
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