Innovative hemp and cannabis corporation Marijuana Company
of America (OTC: MCOA) this morning announced that it has received 150,000,000
shares of common stock of Global Payout Inc. (OTC: GOHE) as part of its reverse
merger with MoneyTrac Technology Inc. MCOA previously entered into a stock
purchase agreement to acquire 15,000,000 common shares of MoneyTrac Technology
for $250,000. As part of MoneyTrac’s merger with GOHE, GOHE issued shares to
MCOA on August 24, 2018. Based on the closing price of GOHE’s stock on
the date of the share issuance at $.0116 a share, the value of the 150M shares
held by MCOA totals approximately $1,740,000. “We are pleased to announce that
we have received a substantial amount of stock in GOHE. Since we are receiving
stock in a publicly traded company, we have the opportunity to realize a gain
from our investment in MoneyTrac to help provide the company with capital to
help accomplish our aggressive growth goals and business plan in 2018,” MCOA
president and CEO Don Steinberg stated in the news release.
To view the full press release, visit http://ibn.fm/4tqgU
About Marijuana Company of America Inc.
MCOA is a corporation which participates in: (1) product
research and development of legal hemp-based consumer products under the brand
name “hempSMART™”, that targets general health and well-being; (2) an affiliate
marketing program to promote and sell its legal hemp-based consumer products
containing CBD; (3) leasing of real property to separate business entities
engaged in the growth and sale of cannabis in those states and jurisdictions
where cannabis has been legalized and properly regulated for medicinal and
recreational use; and, (4) the expansion of its business into ancillary areas
of the legalized cannabis and hemp industry, as the legalized markets
and opportunities in this segment mature and develop. For more
information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
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