NetworkNewsBreaks – Marijuana Company of America
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Posted On: 08/29/2018 4:23:47 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Issues Update Regarding its Investment in MoneyTrac Technology
Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced that it has received 150,000,000 shares of common stock of Global Payout Inc. (OTC: GOHE) as part of its reverse merger with MoneyTrac Technology Inc. MCOA previously entered into a stock purchase agreement to acquire 15,000,000 common shares of MoneyTrac Technology for $250,000. As part of MoneyTrac’s merger with GOHE, GOHE issued shares to MCOA on August 24, 2018. Based on the closing price of GOHE’s stock on the date of the share issuance at $.0116 a share, the value of the 150M shares held by MCOA totals approximately $1,740,000. “We are pleased to announce that we have received a substantial amount of stock in GOHE. Since we are receiving stock in a publicly traded company, we have the opportunity to realize a gain from our investment in MoneyTrac to help provide the company with capital to help accomplish our aggressive growth goals and business plan in 2018,” MCOA president and CEO Don Steinberg stated in the news release.
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 (OTC: MCOA) this morning announced that it has received 150,000,000 shares of common stock of Global Payout Inc. (OTC: GOHE) as part of its reverse merger with MoneyTrac Technology Inc. MCOA previously entered into a stock purchase agreement to acquire 15,000,000 common shares of MoneyTrac Technology for $250,000. As part of MoneyTrac’s merger with GOHE, GOHE issued shares to MCOA on August 24, 2018. Based on the closing price of GOHE’s stock on the date of the share issuance at $.0116 a share, the value of the 150M shares held by MCOA totals approximately $1,740,000. “We are pleased to announce that we have received a substantial amount of stock in GOHE. Since we are receiving stock in a publicly traded company, we have the opportunity to realize a gain from our investment in MoneyTrac to help provide the company with capital to help accomplish our aggressive growth goals and business plan in 2018,” MCOA president and CEO Don Steinberg stated in the news release.
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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