Marijuana Company of America (OTC: MCOA), which operates, invests in and acquires companies in the cannabis sector, and its subsidiary, cDistro distribution, are partnering with Mitra9 Brands LLC. The company announced that cDistro has signed a master distribution agreement with Mitra9 to distribute its alcohol-alternative beverages derived from the natural herbs kava and kratom, which come from plants found in southeast Asia. According to the agreement, cDistro will distribute Mitra9 products, which include its best-selling canned, fizzy drinks available in a variety of flavors. According to the company, Mitra9 launched a year ago and is already producing more than 150,000 cans a month; company officials noted that they are looking forward to working with cDistro and are “expecting brand exposure to thousands of potential customers and placement in thousands of new retail locations within our first year of working together.” Before signing the agreement, Mitra9 sold its products online directly to consumers as well as in some retail locations. “We are thrilled to begin offering these amazing Mitra9 products through our cDistro distribution channels,” said Marijuana Company of America CEO Jesus Quintero in the press release. “Mitra9 is poised to become the dominant player in this emerging industry. The product already has early consumer brand loyalty and, being in the cannabis beverage industry, offers many exciting distribution opportunities for MCOA and cDistro. MCOA’s cDistro continues to offer distribution and marketing for innovative products with a strategy to build long-term value proving an excellent fit for our services.”
To view the full press release, visit https://ibn.fm/rIiRR
About Marijuana Company of America Inc.
Marijuana Company of America MCOA is a vertically integrated cannabis company whose core mission is to expand and innovate in the cannabis sector by developing its portfolio of cannabis assets through acquisitions of distressed cannabis companies strategically aligned with the company’s blueprint for business development. This strategy drives innovation, pace, cooperative management and capital efficiency to optimize growth opportunities and long-term investments. For more information about the company, visit www.MarijuanaCompanyofAmerica.com.
NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://ibn.fm/MCOA
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