Innovative hemp and cannabis corporation Marijuana Company
of America (OTCQB: MCOA) recently reported that it is developing a new strategy
to internationally expand its hempSMART brand. A recent article discussing the
company reads, “MCOA will look to support that vision as it raises $10 million
in capital to fund planned projects and expansion plans that include moving
into Europe and eventually Asia with its line of hemp-derived CBD (cannabidiol)
products. Right before the end of 2018, MCOA announced its filing of Form S-1
with the U.S. Securities and Exchange Commission as an important step in its
efforts to raise those funds, according to a company news release (http://ibn.fm/jMrN1). . . .
MCOA’s registration statement included a prospectus for the resale of up to 500
million of its common shares, issuable to K&J Funds LLC, a selling
stockholder, pursuant to a ‘put right’ under an investment agreement, dated
December 20, 2018, that the company entered into with K&J.”
To view the full article, visit http://ibn.fm/9TiPo
About Marijuana Company of America Inc.
MCOA is a corporation that participates in: (1) product
research and development of legal hemp-based consumer products under the brand
name “hempSMART”, which 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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