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Posted On: 10/11/2018 5:50:32 PM
Post# of 969
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Files Application to Uplist to OTCQB Venture Market
Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning announced that it has filed an application with the OTC Markets Group to uplist to the OTCQB Venture Market. Additionally, the company intends to file a Form S-1 with the Securities and Exchange Commission in conjunction with an anticipated equity line of financing that will allow MCOA, once the S-1 is effective, to raise up to $10 million. Per the update, the company’s application to uplist to the OTCQB Venture Market is a condition for both the equity line of financing and the Form S-1 registration statement. “Our goal is to obtain the necessary capital through our S-1 to capitalize on the host of opportunities available in the cannabis and hemp industry right now,” Donald Steinberg, president and CEO of MCOA, stated in the news release. “Also, moving to a higher OTC Markets reporting tier will help to provide better access to institutional investors, broaden our shareholder base, and provide greater credibility with the Company’s partners, clients, stakeholders, and customers, as well as with the wider investment community.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning announced that it has filed an application with the OTC Markets Group to uplist to the OTCQB Venture Market. Additionally, the company intends to file a Form S-1 with the Securities and Exchange Commission in conjunction with an anticipated equity line of financing that will allow MCOA, once the S-1 is effective, to raise up to $10 million. Per the update, the company’s application to uplist to the OTCQB Venture Market is a condition for both the equity line of financing and the Form S-1 registration statement. “Our goal is to obtain the necessary capital through our S-1 to capitalize on the host of opportunities available in the cannabis and hemp industry right now,” Donald Steinberg, president and CEO of MCOA, stated in the news release. “Also, moving to a higher OTC Markets reporting tier will help to provide better access to institutional investors, broaden our shareholder base, and provide greater credibility with the Company’s partners, clients, stakeholders, and customers, as well as with the wider investment community.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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