Robust Growth in Cannabidiol (CBD) and Hemp Market Fueling Strong Optimistic Outlook

The increasing demand for Cannabidiol (CBD) and Hemp based products is
expected to push both markets into new territories in terms of sales value in
the next coming years. According to a report published by New Frontier Data ,
the U.S. CBD industry grew by nearly 40% in 2017, reaching USD $367 Million in
sales across hemp-derived and marijuana-derived markets. The U.S. CBD market
is primed for expansive growth across its three primary sectors, hemp-derived
CBD, marijuana-derived CBD and pharmaceutical CBD. Cannabidiol is one of more
than 100 compounds found in cannabis. The chemical doesn't make consumers
high, but international demand for CBD is growing as word spreads about its
potential medical benefits, including claims that CBD can ease seizures, calm
anxiety and reduce inflammation. With recent developments and advancements in
the hemp industry, farmers across the U.S. and globally are turning their
attention to commercialization looking for the road to profitability. Active
Companies from around the market with current developments this week include:
Marijuana Company of America, Inc. (OTC:MCOA), Medical Marijuana Inc.
(OTC:MJNA), mCig Inc. (OTCQB:MCIG), Freedom Leaf Inc. (OTCQB:FRLF), GB
Sciences Inc. (OTCQB:GBLX).

Marijuana Company of America, Inc. (OTCPK:MCOA) BREAKING NEWS: Marijuana
Company of America, an innovative hemp and cannabis corporation, and its joint
venture partner Global Hemp Group Inc. (CSE: GHG) (OTC: GBHPF) (Frankfurt:
GHG) (the "Partners") are pleased to provide an update on their CBD hemp
farming joint venture in New Brunswick, Canada (the "Project").

The goal of the hemp project in northeast New Brunswick is, in part, to
produce hemp biomass that can be used for the extraction of cannabinoids. In
anticipation of Canada's implementation of the Cannabis Act on October 17,
2018, which will allow for the processing of the entire hemp plant, the
Partners began preparing its Bathurst facility for the installation of drying
equipment capable of drying 125 acres of flowers and leaves from the 2018

The flowers and leaves of the hemp plant are rich in cannabinoids, notably
containing non-psychoactive compounds of Cannabidiol (CBD). CBD, which has
gained increasing popularity as of late, has been found to be effective
component in a complete personal wellness regimen that has produced an
increased demand from consumers for products containing CBD. The Hemp Business
Journal estimated that the CBD market will grow to a $2.1 billion market in
consumer sales by 2020.

Health Canada issues Class Exemption to the Industrial Hemp Regulations

Health Canada, the governing body in charge of industrial hemp licensing and
its regulations in Canada, has recently issued a new Class Exemption in
Relation to the Industrial Hemp Regulations (flowering heads, leaves and
branches). This will allow the Partners to legally harvest, dry and store
flowering heads, leaves and branches of industrial hemp from its 2018
cultivation, prior to the implementation of the Cannabis Act on October 17,
2018, when extraction of CBD from the flowers and leaves from industrial hemp
will be legal in Canada. This will enable the industry to take advantage of an
entirely new product market utilizing hemp derived cannabinoids. New Brunswick
Facilities - A 4,000 sq. ft. facility was secured in Bathurst, NB for the
project in June. The Joint Venture established its offices and soon will
complete the installation of processing equipment in the facility. A biomass
dryer to process the flowers and leaves from participating farms will be
installed before the end of August. The dried flowers and leaves will be
stored until mid-October when the Joint Venture is allowed to sell its product
to CBD extractors. Once proper licenses have been acquired for importing and
manufacturing finished CBD products, the Bathurst facility may also serve as a
distribution center for the hempSMARTTM products that are currently
manufactured and distributed in the United States by GHG's partner: MCOA.

Advanced Crop Monitoring - Successful First Drone Flight - In a large hemp
field with tall dense crops, it is impossible to identify stressed areas from
ground level. The use of specialized drones can provide targeted field
diagnostics. When a stressed area is identified, the observer can move
directly to that location to assess the conditions of the observed stress.

Three drone flyovers have been contracted for the project. Each flyover will
provide a colored image indicating the state of the vegetation, with data
collected from random points in the different colored zones to assess the
actual conditions on the ground. Data collected includes the measurement of
soil moisture, pH, plant height and insect-disease-pressure. Once properly
calibrated, these images will become an effective crop management tool for
future crops in the region. Read this and more news for MCOA at

I n the industry developments and happenings in the market this week include:

Medical Marijuana Inc. (OTCPK:MJNA) recently announced that its subsidiary
Kannaway® will host a European tour during the month of August. This tour will
host events in six cities to provide Kannaway® brand ambassadors with the
chance to network with top Kannaway® Europe leaders, the company's global
executive team and fellow business owners. "We are excited to broaden our
reach and impact throughout Europe with these events," said Kannaway® CEO
Blake Schroeder. "It is an excellent opportunity for our brand ambassadors,
new and old alike, to network with their fellow brand ambassadors, learn about
new and upcoming products and build a successful Kannaway business." Attendees
will hear from executive team members, including Kannaway® CEO Blake Schroeder
and International Vice President Alex Grapov, along with brand ambassadors
such as Vice Presidential Director Tibor O'dor and Crown Ambassador Juraj

mCig Inc. (OTCQB:MCIG) recently announced that it will begin harvesting its
first crop of organic hemp from NYAcres in two to three weeks time. To oversee
the harvest and curing process, MCIG brought on Chadd McKeen , co-author of
Idiots Guide: Growing Marijuana and founding partner at Canna Mana Trading
Company. With over 12 years of experience in cannabis cultivation, Mr. McKeen
will be onsite to jump-start the post-grow process, from the actual mechanics
of the harvest to extraction and buyer relationships. The NYAcres project
began in June 2018 as a joint project with FarmOn!Foundation. The 55,000 pound
yield of hemp bio-mass will be a huge growth generator for MCIG, its recently
launched CBD Market ( ), and new CBD pet line, Artax ( ). After harvested and dried, cannabidiol
(CBD) will be extracted from the plant source material. The particular strains
of hemp grown at NYAcres, Cherry Wine and Berry Blue sourced from the Colorado
Hemp Project are known for their high concentrations of CBD. Once extracted,
CBD distillate can be used as a component for a diverse range of end user
products, from CBD capsules to CBD vape.

Freedom Leaf Inc. (OTCQB:FRLF) recently announced last week that it's wholly
owned subsidiary, Tierra Science Global, is launching a national tour and
global webinar series for its affiliate platform beginning with presence as a
vendor at the American Naturopathic Medical Association Conference August
24-26, 2018 ( ). Tierra's kickoff business briefing was
held on Saturday, August 11, 2018 in Las Vegas with guests from around the
world. Attendees included top influencers in Direct Marketing and key
influencers from the Online/Social Marketing Industries. Product line samples
and overall business model were shared with many who will become key leaders
in marketing Tierra's super-affiliate program which goes live later this
month. Tierra's event included presentations by founders Mark Rosales and Marc
Vitorillo, Dr. Naina Sachdev of NAINAMD, CBD/Hemp expert Dr. Rick Potts of
IRIECBD and Freedom Leaf Officers, Raymond Medeiros and Clifford Perry, who
were duly impressed with the new company's objectives.

GB Sciences Inc. (OTCQB:GBLX) recently announced that for the three months
ended June 30, 2018, revenue reported was $1,315,284 and gross profit of
$734,719. This compares to revenue and gross profit of $69,100 and $54,099,
respectively, for the same period the prior year. The total net loss for the
three months that ended June 30, 2018 was $5,167,339 which includes $2,625,512
of non-cash charges, 40.5% of total expenses. Net loss for the same period in
the prior year was $3,082,209.

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