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Marijuana Company of America Completes Agreement for Cannabis Extraction, Distribution and Delivery Licenses
Posted on Wednesday April 17, 2019
ESCONDIDO, Calif., April 17, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (MCOA), an innovative hemp and cannabis corporation, is pleased to announce that the Company has officially acquired a 20% ownership interest in Natural Plant Extract of California (NPE). Under the terms of the agreement, Marijuana Company of America has committed to contribute $2,000,000 in total cash to the project, as well as common shares of the Company with a value of $1,000,000. In exchange, the Company will own a 20% equity position in NPE.
Marijuana Company of America Reports 840% Year Over Year Revenue Growth for Year End 2018
Posted on Monday April 15, 2019
ESCONDIDO, Calif., April 15, 2019 (GLOBE NEWSWIRE) -- via NetworkWire — MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (MCOA), a vertically integrated hemp and cannabis corporation, is pleased to announce its financial results for the year ended Dec. 31, 2018, as reported in its annual report on Form 10-K. Gross profit for 2018 increased to $170,885, a 68% gross margin, compared to a gross margin of $12,536 for 2017, a 47% gross margin. For the year ended Dec. 31, 2018, the Company realized the following other one-time income items: Gain cancellation of debt of $1,500,000 and a gain of $560,000 from the change in value of its trading securities investment in Global Payout.
Marijuana Company of America Provides Update on Processing of Hemp from Oregon Joint Venture
Posted on Monday April 01, 2019
Escondido, California--(Newsfile Corp. - April 1, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, and its Joint Venture partner Global Hemp Group (CSE: GHG) (OTC: GBHPF) (FSE: GHG) (together with the Company, the "Partners") are pleased to announce that they are currently in negotiations with several cannabinoid extraction companies in Oregon, USA, regarding the acquisition of the joint venture's hemp biomass produced at ...
Marijuana Company of America Provides Update on Processing of Hemp From Oregon Joint Venture
Posted on Monday April 01, 2019
ESCONDIDO, Calif., April 01, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (MCOA), an innovative hemp and cannabis corporation, and its Joint Venture partner Global Hemp Group (CSE: GHG/ OTC: GBHPF/ FRA: GHG) (together with the Company, the “Partners”) are pleased to announce that they are currently in negotiations with several cannabinoid extraction companies in Oregon, USA, regarding the acquisition of the joint venture’s hemp biomass produced at the Scio farm from the 2018 harvest. The team at the Scio farm has prepared processing samples ranging in size from 100 lbs to 2,000 lbs. for the extraction companies.