Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) recently reported that it is developing a new strategy to internationally expand its hempSMART brand. A recent article discussing the company reads, “MCOA will look to support that vision as it raises $10 million in capital to fund planned projects and expansion plans that include moving into Europe and eventually Asia with its line of hemp-derived CBD (cannabidiol) products. Right before the end of 2018, MCOA announced its filing of Form S-1 with the U.S. Securities and Exchange Commission as an important step in its efforts to raise those funds, according to a company news release (http://cnw.fm/nrq8A). . . . MCOA’s registration statement included a prospectus for the resale of up to 500 million of its common shares, issuable to K&J Funds LLC, a selling stockholder, pursuant to a ‘put right’ under an investment agreement, dated December 20, 2018, that the company entered into with K&J.”
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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”, 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.
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