Marijuana Company Of America Acquires VBF Brands Strengthening Its Position In California

Marijuana Company of America, Inc. (OTCPK: MCOA) confirmed Wednesday that it has recently completed the acquisition of VBF Brands, Inc. a marijuana cultivator and distributor based in Salinas, California. VBF was previously a wholly-owned subsidiary of Sunset Island Group, Inc. (OTCPK: SIGO).

Based on the activity since the acquisition was completed in Q3 2021, MCOA expects this transaction will continue to be highly accretive to the company's EBITDA expectations for 2022 and will work towards increasing production at a nearby Salinas based facility that also offers exponential growth opportunities with other nearby land and facilities.

The -based company noted that California, as the country’s biggest legal cannabis market, provides great potential for MCOA with this acquisition that includes cannabis nursery, manufacturing/distribution and cultivation licenses.

Strengthening California …

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