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Marijuana Company Of America Launches VivaBuds In San Fernando Valley

Marijuana Company of America Inc. or MCOA said it has launched VivaBuds, its premium cannabis delivery service, in the San Fernando Valley, California. The announcement marks an expansion of the hemp and cannabis company's delivery service within California.

In April, MCOA said it acquired a 20 percent ownership interest in Natural Plant Extract of California or NPE to establish a joint venture to create VivaBuds.

Viva Buds is a California marijuana delivery company that enables customers to buy low-cost premium cannabis products directly from farmers using a "Tell a Friend" approach.

"We are extremely pleased to have officially launched our delivery service throughout the San Fernando Valley, where demand for cannabis continues to increase unabatedly. We believe that by providing delivery and our high-quality premium products to our consumers, we will increase revenues, expand margins, and improve our overall brand recognition," said Donald Steinberg, CEO of MCOA.

California is the largest legal marijuana market in the world. According to a report released by sales-tracking firms Arcview Market Research and BDS Analytic in August, California's legal cannabis market is projected to grow 23 percent to $3.1 billion in 2019 and further to $7.2 billion in 2024.

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