Marijuana Company of America Inc. announced the appointment of former director Marco Guerrero as special advisor to the Company's hempSMART South American division. MCOA's Latin American hempSMART joint venture currently serves medical users in Brazil, who buy hemp-derived CBD hempSMART products by prescription from Brazilian physicians. Brazil, a country with a population of over 212 million consumers, buys CBD in rapidly expanding quantities.

MCOA intends to expand their consumer base by delivering more of high-quality hempSMART product portfolio to Brazil and other Latin American countries. Mr. Guerrero stepped down from MCOA's Board of Directors on July 1, 2022, to work with the Company as a non-executive advisor to wholly-owned subsidiary Hempsmart Global, Inc., the parent company of MCOA's Latin American hempSMART joint venture. This new position will require him to focus exclusively on penetrating the Brazilian market.

Consequently, there was a mutual agreement to have Marco step down as a director of MCOA.