Marijuana Company Of America Inc(OTCMKTS:MCOA) has had an interesting last few months rising off its $0.02 base in November to highs well over $0.07 before dropping back. Currently MCOA is moving up off the $0.03 mark on significant strength
MCOA operates in the booming MJ space which has turned into a multi-billion dollar massive growth market that is sweeping across North America. MJ penny stocks are once again booming as they seem to be this time of year with Canadian cannabis stocks gained an estimated 250% as a group in 2017. Recreational marijuana is now legalized in eight states and DC, including California where sales began on January 1. The total U.S. legal marijuana sales are estimated between to be around $7 billion in 2017. While it depends on other states legalizing marijuana, future growth is expected to be strong.
Marijuana Company Of America Inc(OTCMKTS:MCOA) bills itself as a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis.
MCOA describes itself on its website as a cannabis marketing and distribution company that will be the first to distribute a wide range of high quality marijuana products via a unique distribution and marketing platform.
The Company provides a wide range of products and services all dedicated to educating and supporting our patient/members in obtaining all the benefits of a cannabis lifestyle. We are developing a knowledge base complete with information from subject matter experts, medical articles and opinions, current articles, YouTube and other videos, blogs, and industry news and papers.
MCOA is dedicated to transferring knowledge to our patient/members to allow them to become their own advocates. We will provide comprehensive information on popular and rare strains, and other processed products that will be available through the MCOA club. We will track industry and consumer information and post to our social media and online knowledge base.
Back in August MCOA launched the HempSmart brand and line of products. The first HempSmart branded CBD based product called “HempSmart BRAIN,” formulated to promote brain health, has entered the manufacturing process and is expected to ship by September 30, 2016.
This is a “first-of-a-kind, patent pending” new product that combines nootropic benefits with the additional cognitive enhancing benefits offered by CBD. Our team has developed a unique proprietary product with a water-soluble CBD base to enhance bioavailability that includes supporting ingredients that are proven cognitive enhancers.
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In October MCOA announced the prelaunch of the hempSMART Brain product has commenced. hempSMART Brain was developed to address the increase in neurologic and neurodegenerative challenges that have prompted a surge in scientific research on prevention and/or reversal of brain and nervous system pathology. A variety of natural products have been shown, in clinical trials, to improve neurological and cognitive function and there has been a surge of products being marketed to improve brain function. While the efficacy of some of these blends has been impressive, many utilize trace amounts of therapeutic ingredients, inadequate for any clinical effect.
On February 20 MOCA announced the release of hempSMART™ Full Spectrum Pet Drops formulated for cats and dogs. Each bottle of hempSMART Full Spectrum Pet Drops is formulated with 250mg of full spectrum non-psychoactive Cannabidiol (CBD) derived from industrial hemp. The new specially formulated product contains naturally occurring CBD derived from hemp seed oil, full spectrum hemp extract, fractionated coconut oil, and a rich bacon flavor.
Donald Steinberg, MCOA’s CEO said, “Our new hempSMART product is a natural option for pet owners who care about supporting their animals’ healthy energy levels as well as optimizing their health. Our hempSMART product line will continue to expand to other popular areas of consumer interest to give our affiliates what they need to succeed.”
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Currently trading at a $63 million market valuation MCOA has minimal cash or revenues and rising short term debt. But MCOA is an exciting story in small caps that is led by seasoned CEO in Donald Steinberg the man behind MJNA back in its hay day. MCOA is very well positioned to cash in on the Marijuana craze and has been highly successful in quickly attracting a large shareholder following who is currently bidding this one up. We will be updating on MCOA when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with MCOA.
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Disclosure: we hold no position in MCOA either long or short and we have not been compensated for this article.