Innovative hemp and cannabis corporation Marijuana Company
of America (OTC: MCOA) this morning announced financial results for the three
and nine months ended September 30, 2018. The update noted the following
highlights from Q3 2017 to Q3 2018: Increased revenues of 2984 percent;
increased total assets by 42 percent; operations net loss decrease of 1057
percent; decrease in SG&A expenses by 1007 percent; and decrease in total
liabilities by 259 percent. “The third quarter marked an important milestone
for MCOA, as our hempSMART sales have ramped up due to our multi-pronged
marketing campaign and several newly launched products,” MCOA CEO Don Steinberg
stated in the news release. “We ended the quarter strong with a revenue
trend that is now largely stabilized with the strong foundation that we built.
We expect sales to continue to increase through Q4 with the holiday season and
into next year with our European expansion.”
To view the full press release, visit http://ibn.fm/8BHHy
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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