BONSALL, CA - (NewMediaWire) - January 13, 2016 - MARIJUANA COMPANY OF AMERICA ("MCOA" or the "Company") (OTC PINK: MCOA), an innovative cannabis marketing and distribution company, is pleased to announce that it has entered a managed services agreement with Green Dot Collective ("Green Dot" or "GDC"), located in North Hollywood, California.
Under the terms of the two-year agreement, effective January 12, 2016, MCOA will provide GDC with the following managed services: compliance, accounting, product sourcing and testing, quality control, fulfillment, courier/delivery, transaction processing, cash management, loyalty and rewards programs, product development, packaging, marketing, branding and human resources.
GDC is a CA Prop 215 non-profit Collective in North Hollywood, California, operating in accordance with California Health and Safety Code Sec. 11362.5(B)(1)(A) and 11362.7(H). The Collective specializes in providing medicinal cannabis services to Members who require in-home care.
Green Dot was selected by MCOA to expand its pilot program because GDC is one of the oldest operating collectives in California, and was founded by cannabis industry veteran and pioneer Robert Calkin, founder of Cannabis Career Institute, CannaJobs, CannaTrends, CannaWorx,CannaFlavors and other cannabis related companies. Mr. Calkin authored, "Starting Your Own Medical Marijuana Delivery Service: The Mobile Caregivers Handbook."
Bob Calkin, Green Dot founder, said, "Entering this agreement with MCOA will leverage MCOA's innovative model and expertise with our vast experience. Our collective knowledge and collaboration will undoubtedly benefit our members."
Green Dot will participate in phase two of the MCOA pilot program, extending it to Los Angeles County. The pilot program will continue to expand to other regions of Southern California, and ultimately to Central and Northern California, as well as other states, when the business model satisfies stringent due diligence procedures.
Mr. Steinberg, MCOA President, said, "Working closely with seasoned industry professionals like Bob will strengthen MCOA and help to continue to enhance our reputation in the industry. It will be a pleasure working with Bob and his team, an industry leading group that trains other professionals on best practices and how to operate effectively in this rapidly emerging industry."
On behalf of the Board of Directors,
President & CEO
About Marijuana Company of America, Inc.
Marijuana Company of America ("MCOA") is a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis.
About Green Dot Collective
GREEN DOT is a CA Prop 215 non-profit Collective headquartered in North Hollywood, California operating in accordance with California Health and Safety Code Sec. 11362.5(B)(1)(A) and 11362.7(H). Specializing in providing medicinal cannabis services to Members who require in-home care. For more information go to www.greendotguy.com.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Marijuana Company of America, Inc. to be materially different from the statements made herein.
Marijuana Company of America, Inc. will provide management services that assist legal businesses to cultivate, sell, and distribute hemp and marijuana based products within the legal guidelines of individual states and international markets.
For more information, please visit the company's website at: www.MarijuanaCompanyofAmerica.com
Marijuana Company of America, Inc.
President & CEO
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