Marijuana Company of America, Inc. Appoints Edward Manolos and Themistocles Psomiadis as Independent Members
March 06, 2020 at 06:06 am EST
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On February 28, 2020, Marijuana Company of America, Inc. announced that Edward Manolos and Themistocles Psomiadis were appointed as independent members to the company's board of directors. There is no arrangement or understanding between the company and Mr. Manolos and Mr. Psomiadis and any other person pursuant to which each were selected as a director. The company does not expect to name Mr. Manolos and Mr. Psomiadis to any board committees. Mr. Edward Manolos opened the very first Medical Marijuana Dispensary in Los Angeles County in 2004 called CMCA. Mr. Manolos is also the founder of many successful companies, such as Everest Biosynthesis Group and Natural Plant Extracts USA (NPE). Mr. Manolos has provided consulting services to several companies and has helped them obtain marijuana retail and production licenses in California and Washington, including Cannabis Strategic Ventures. Mr. Psomiadis has 25 years’ experience as a financial consultant and banker. From June 2011 to September 2012, Mr. Psomiadus served as consultant to Brazil Interactive Media's Brazilian subsidiary, Esotv, with Brazilian Investment Group, LLC. Mr. Psomiadus later served as the Chief Executive Officer and Chairman at Brazil Interactive Media, Inc. from March 13, 2013 until September 22, 2014. Mr. Psomiadis currently serves as Managing Director of Dutchess Capital Management, LLC.
Marijuana Company of America, Inc. is an owner and operator of licensed cannabis cultivation, processing, and dispensary facilities. The Company is a developer, producer, and distributor of branded cannabis and cannabidiol (CBD) products in the United States. Through its wholly owned subsidiary cDistro, Inc., it offers CBD brands along with smoke and vape shop-related products to wholesalers, c-stores, specialty retailers, and consumers in North America. Through its wholly owned subsidiary HSmart, Inc., it develops and sells CBD products under the brand name hempSMART. Its hempSMART wellness products offerings include hempSMART Brain, hempSMART Pain, hempSMART Pain Cream, hempSMART Drops, hempSMART Pet Drops, hempSMART Face, and hempSMART Drink Mix. hempSMART Brain is a personal care consumer product encapsulated with enriched non-psychoactive industrial hemp derived CBD. hempSMART Pain Cream each container is formulated with 300mg of non-psychoactive CBD.