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Posted On: 05/21/2019 3:38:35 PM
Post# of 969
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Reports Q1 2019 Financial Results, 504% YOY Revenue Increase
Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) this morning announced its financial results for the first quarter ended March 31, 2019. According to the update, total revenues for the quarter were $114,810 compared to $19,010 for the same period last year, representing a 504% increase. “Our first quarter results demonstrate our focus on laying the foundation and investments to establish our presence in the high-growth cannabis, hemp and CBD markets,” MCOA CEO Don Steinberg said in the news release. “During the quarter, we successfully prelaunched our hempSMART line of products in the United Kingdom and promoted them at Super Bowl LIII. Our hempSMART Brain(TM) product was also issued a U.S. Patent, followed by the exciting news of our engagement with Natural Plant Extract of California to form a joint venture to operate a cannabis delivery service. Our passion from the beginning has been on our hempSMART wellness products, which continue to successfully generate demand and interest worldwide. As a result, we have significantly expanded our hemp research and growth business. With our powerful consortium of partners and joint venture relationships, we believe we are strategically positioned to vertically integrate our operations and further increase our revenue potential.”
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 (OTCQB: MCOA) this morning announced its financial results for the first quarter ended March 31, 2019. According to the update, total revenues for the quarter were $114,810 compared to $19,010 for the same period last year, representing a 504% increase. “Our first quarter results demonstrate our focus on laying the foundation and investments to establish our presence in the high-growth cannabis, hemp and CBD markets,” MCOA CEO Don Steinberg said in the news release. “During the quarter, we successfully prelaunched our hempSMART line of products in the United Kingdom and promoted them at Super Bowl LIII. Our hempSMART Brain(TM) product was also issued a U.S. Patent, followed by the exciting news of our engagement with Natural Plant Extract of California to form a joint venture to operate a cannabis delivery service. Our passion from the beginning has been on our hempSMART wellness products, which continue to successfully generate demand and interest worldwide. As a result, we have significantly expanded our hemp research and growth business. With our powerful consortium of partners and joint venture relationships, we believe we are strategically positioned to vertically integrate our operations and further increase our revenue potential.”
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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