Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this
morning announced its financial results for the first quarter ended March 31,
2019. According to the update, total revenues for the quarter were $114,810 compared
to $19,010 for the same period last year, representing a 504% increase. “Our
first quarter results demonstrate our focus on laying the foundation and
investments to establish our presence in the high-growth cannabis, hemp and CBD
markets,” MCOA CEO Don Steinberg said in the news release. “During the quarter,
we successfully prelaunched our hempSMART line of products in the United
Kingdom and promoted them at Super Bowl LIII. Our hempSMART Brain(TM) product
was also issued a U.S. Patent, followed by the exciting news of our engagement
with Natural Plant Extract of California to form a joint venture to operate a
cannabis delivery service. Our passion from the beginning has been on our
hempSMART wellness products, which continue to successfully generate demand and
interest worldwide. As a result, we have significantly expanded our hemp
research and growth business. With our powerful consortium of partners and
joint venture relationships, we believe we are strategically positioned to
vertically integrate our operations and further increase our revenue
potential.”
To view the full press release, visit http://ibn.fm/L0SJ9
About Marijuana Company of America Inc.
MCOA 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.
NOTE TO INVESTORS: The latest news and updates
relating to MCOA are available in the company’s newsroom at http://ibn.fm/MCOA
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