MCOA’s Washington based joint venture with Bougainville Ventures, Inc. has completed the setup of 10,000 sq. ft. of greenhouse space. The greenhouse is pending the completion of inspection, which is the final step needed before commencing cultivation.
The first 10,000 of a 30,000 square foot facility has been fully erected and is ready for inspection, along with the newly installed security system. The construction crew is currently focused on installing the wiring and mounting panels, plugs and switches, the HVAC system and fans. The Company expects that the final inspection of the security and greenhouse construction will be sometime in May 2018. Once the inspection is approved, the tenant grower will be allowed to occupy the space and begin growing in June 2018
Pursuant to the joint venture, Marijuana Company of America, Inc. is committed to raising up to one (1) million dollars in funding provided to Bougainville Ventures to construct and manage a turnkey state of the art cultivation and processing facility in Oroville, Washington. The 30,000 sq.ft. greenhouse grow will house a Tier-3 production and processing I-502 tenant with decades of experience in high yields, consistency and quality.
MCOA will provide investors updates as the project progresses. MCOA management is in negotiations on deals with similar terms in other legal MMJ states.
Bougainville Ventures Inc. (Bougainville) is an agricultural services company that focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities. Our clients can focus on expanding their market share with minimal capital investment. We create solutions for our tenant-grower partners to become their primary growing infrastructure or to expand the bandwidth of their current farming infrastructure. Bougainville intends to offer fully built out turnkey solutions to licensed I-502 tenant-growers and luxury crop growers who will lease the facilities for production and processing.