Marijuana Company of America Inc. Announces International Logistics and Distribution Agreement for hempSMART™ CBD Products

Rhea-AI Summary

Marijuana Company of America (MCOA) has signed a non-exclusive logistics and distribution agreement with Fulfillment.com. This partnership aims to enhance hempSMART's global distribution capabilities for its premium CBD products, initially focusing on the U.S., UK, and Netherlands. CEO Jesus M. Quintero highlighted Fulfillment.com's rapid growth and expertise in CBD distribution as beneficial for MCOA's strategy. hempSMART's organic, THC-free products address issues like anxiety and insomnia, further expanding their market reach with improved ecommerce integration.

Positive

• Partnership with Fulfillment.com enhances global distribution capabilities for hempSMART's CBD products.
• Focus on established markets: U.S., UK, and Netherlands, potentially increasing sales.
• Collaboration aims to improve existing retail and ecommerce sales channels, boosting overall business performance.

Negative

• None.

ESCONDIDO, Calif., March 02, 2021 (GLOBE NEWSWIRE) -- Marijuana Company of America ("MCOA" or the "Company") (OTC: MCOA), an emerging company and leader offering unique exposure to the global cannabis sector, today announces that its wholly owned hempSMART™ subsidiary has entered into a non-exclusive logistics and distribution agreement with Fulfillment.com, an award-winning order fulfillment company serving high-volume national and global ecommerce brands.

Per the agreement, Fulfillment.com will provide best-in-class warehousing and logistics infrastructure needed for worldwide distribution of hempSMART’s premium cannabidiol (CBD) products. Fulfillment.com will initially target the United States, the UK and the Netherlands, where it has established customers and existing distribution channels for CBD products.

“Fulfillment.com is one of the fastest growing distribution and fulfillment specialist service providers, making it an ideal addition to our list of distribution partners,” stated Jesus M. Quintero, CEO of MCOA. “Along with providing exceptional customer service, Fulfillment.com has familiarity and experience in distributing CBD products outside of the U.S., which is perfectly in line with our corporate strategy.”

hempSMART’s organic, plant-based products help people manage anxiety, pain and insomnia without tetrahydrocannabinol (THC), the main psychoactive component found in cannabis. These high-quality formulations will continue to be available online at www.hempSMART.com, and MCOA and Fulfillment.com will collaborate to build system integration that enhances hempSMART’s existing retail and ecommerce sales channels.

About Marijuana Company of America Inc.

Marijuana Company of America (OTC: MCOA) is an emerging company and leader offering unique exposure to the global cannabis sector. The Company recently transitioned from research & development to a revenue-producing cannabis marketing company focused on sales & marketing of the Company’s line of proprietary botanical legal hemp-based CBD (cannabidiol) “hempSMART™” products.

hempSMART™ offers an extensive full line of premium CBD organic products that are scientifically driven and double lab tested to ensure purity and potency. The Company will direct the sale of its products to wholesalers, distributors, the medical community, online e-commerce consumer platforms, and a proven network affiliate marketing program. The Company has also launched international sales, production, and marketing expansion.

About hempSMART Products Containing CBD

The United States Food and Drug Administration (FDA) has not recognized CBD as a safe and effective drug for any indication. Our products containing CBD derived from industrial hemp are not marketed or sold based upon claims that their use is safe and effective treatment for any medical condition as drugs or dietary supplements subject to the FDA's jurisdiction.

For more information, please visit:

https://www.MarijuanaCompanyofAmerica.com/

https://www.hempsmart.com

Company Contact:
IR@MarijuanaCompanyofAmerica.com
888-777-4362

IR Contact:
Stuart Smith
www.SmallCapVoice.com
SSmith@SmallCapVoice.com

FAQ

What is the significance of MCOA's partnership with Fulfillment.com?

The partnership enables MCOA to enhance the global distribution of its hempSMART CBD products, targeting key markets like the U.S., UK, and Netherlands.

When was the logistics agreement between MCOA and Fulfillment.com announced?

The logistics agreement was announced on March 2, 2021.

What products does hempSMART offer?

hempSMART offers premium, organic CBD products designed to help manage anxiety, pain, and insomnia, without THC.

Which markets is MCOA focusing on for CBD distribution?

MCOA is focusing on the United States, the UK, and the Netherlands for its CBD distribution.

What benefits does Fulfillment.com bring to MCOA?

Fulfillment.com provides best-in-class warehousing and logistics, along with experience in distributing CBD products internationally.