Marijuana Company of America (OTC: MCOA), a diversified holding company with operations and investments throughout the cannabis industry, today announced its entry into a non-binding letter of intent (“LOI”) for the formation of a new in-store advertising business to be called VapeTV US Inc. According to the update, MCOA’s wholly owned distribution company, cDistro Inc., will own 25% of the VapeTV US business, partnering with VapeTV Ltd. of the United Kingdom and Jasleen Enterprises LLC, the owner of Vapor Maven. “We are excited to initiate the U.S. market version of the highly successful and lucrative VapeTV business,” said Mike Shaw, the founder of VapeTV UK. “By launching with Vapor Maven’s nearly 200 retail locations and by leveraging cDistro’s active customer database of more than 65,000 retail vape stores in the U.S., we anticipate an accelerated delivery of VapeTV advertising content to U.S. consumers. We believe that the high level of competition among the thousands of individual smoke, vape and CBD brands vying to sell in the U.S. will result in a high demand for the in-store media advertising space and content VapeTV US plans to provide.”
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About Marijuana Company of America Inc.
Marijuana Company of America operates and invests in the cannabis sector directly. The company’s operations include C-Distro, one of the fastest growing distribution companies in the THC, Hemp and CBD cannabis industries, hempsmart(TM), a premium CBD company, and a Salinas, California-based cannabis nursery cultivation facility that is a cultivator and distributor utilizing its own growing systems to produce desirable cannabis clones. The company’s core mission is to leverage its experience and access to capital to identify and invest in acquisitions with unique growth potential. For more information, visit www.MarijuanaCompanyofAmerica.com.
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