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Marijuana Co. of America Buys Distributor as California's Pot Market Grows

Jacob Sonenshine

has acquired a stake in Natural Plant Extract of California and its subsidiary, Northern Lights Distribution. Marijuana Co., a $21 million market cap cannabis marketing and distribution operation, will take a 20% stake in Natural Plant Extract, another distributor. Marijuana Co. will pay $2 million in cash and $1 million in stock, valuing the target company at $15 million.