Marijuana Company of America announced it has signed a share exchange agreement with Eco Innovation Group Inc. creating a strategic collaboration that expands the Company's global cannabis offering. Eco Innovation is an aggregator of investments in new technologies that promote environmental and social well-being as well as the advancement of green energy solutions. MCOA's investment in ECO Innovation centers on the company's application for cannabidiol (CBD) and licensed marijuana extraction that utilizes a non-CO2 solvent to extract valuable bioactive compounds from plant-based materials to create a fluid output.

This collaboration has the potential to advance MCOA's leadership in the cannabis sector and provide innumerable opportunities to expand business.