The Latest on Marijuana Company Of America Inc(OTCMKTS:MCOA)


Marijuana Company Of America Inc(OTCMKTS:MCOA) saw a fast rise in December after dropping as low as $0.0115. The stock has a long history of big moves running in 2016 from sub pennies to highs of $0.1985 a share before it collapsed.

On January 10 MCOA and its Joint Venture partner Global Hemp Group announced clone production for the 2019 season at their Scio, Oregon High Yielding CBD Hemp project is now in high gear, in preparation for an “as early as possible” planting this year. Unlike 2018, which had a late start to planting due to delays in finalizing the acquisition of the project’s 109 acre farm, preparations are underway so that planting of this year’s crop can begin in late May to early June. This will provide an additional 45 to 60 days of growing time compared to last year, allowing time for the hemp plants to get considerably larger, which will generate a greater quantity of biomass. For 2019, the project will cultivate three hemp strains which will offer high CBD content, substantial biomass yield, and ultra low THC levels, along with superior pest resistance and disease tolerance. These strains also have a shorter flowering period, which will allow for an earlier harvest, before the usual Fall rainy season begins in the region.

Marijuana Company Of America Inc(OTCMKTS:MCOA) is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART(TM)”, 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 recreations 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.

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At the end of last year MCOA and Global Hemp Group, Inc announced a joint venture to develop commercial hemp production on the Acadian peninsula of New Brunswick, Canada. MCOA also announced a partnership with Global Hemp Group, Inc acquired a 109 acre agricultural property in Scio, Oregon for the cultivation of high CBD yielding hemp for the upcoming 2018 growing season. The property was chosen because of its history of growing hemp as well as having sufficient authorized water rights to allow for irrigated cultivation. The property, located in the fertile Willamette Valley approximately 70 miles south of Portland, Oregon, was acquired for US$1.1 million in stock and cash.

In December MCOA announced it has filed a Form S-1 Registration Statement with the U.S. Securities and Exchange Commission (SEC). This is an important step in helping the Company to raise the necessary capital to fund its projects and expand its operations in 2019. The Company’s registration statement included a prospectus pertaining to the resale of up to 500,000,000 shares of its Common Shares, issuable to K&J Funds, LLC. The Investment Agreement permits the Company to “put” up to ten million dollars ($10,000,000) in shares of its common stock to K&J over a period of up to thirty-six months or until $10,000,000 of such shares have been “put.”

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Currently trading at a $45 million market valuation MCOA has just $67k in the treasury and significant debt on the books. The Company has small but growing revenues reporting $90,276 in sales for the 3 months ended September, 30 2018. MCOA is currently operating in the hottest sector in the market and has been making some big movers in recent months. MCOA is led by seasoned CEO in Donald Steinberg the man behind MJNA back in its hay day and has been highly successful in quickly attracting a large shareholder following. Once investors see REAL crop yields this one could really run. 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.


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