Marijuana Company of America (OTCQB: MCOA), an innovative
hemp and cannabis corporation, today issued a letter to shareholders from its
CEO, Jesus Quintero, that provided a status update on MCOA during the COVID-19
pandemic. The update covers steps Quintero has taken to steer MCOA to success
and profitability, with a focus in recent months on streamlining the company’s
organizational structure to minimize operational costs and continue to
strengthen its sales. “Our primary sales strategy capitalizes our Network
Marketing program, which has been operating successfully over these past three
years with growth and success,” Quintero stated in the letter. “My vision is to
introduce a wholesale business model that will complement our Network Marketing
program. This will give us the opportunity to increase our sales significantly
over the next 2 to 3 years.”
To view the full press release, visit http://ibn.fm/sQ5S5
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(TM), which targets general health and well-being; (2) an
affiliate marketing and retail sales program to promote and sell its legal
hemp-based consumer products containing CBD; (3) joint ventures and
acquisitions of business entities engaged in the growth and sale of hemp and
cannabis products in jurisdictions where cultivation is legal; and (4) the
expansion of its business into ancillary areas as market opportunities in this
segment mature and develop. For more information, visit 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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