NetworkNewsBreaks – Marijuana Company of America
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Posted On: 11/20/2018 5:22:30 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Reports Q3 Financial Results, Revenue Trend
Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced financial results for the three and nine months ended September 30, 2018. The update noted the following highlights from Q3 2017 to Q3 2018: Increased revenues of 2984 percent; increased total assets by 42 percent; operations net loss decrease of 1057 percent; decrease in SG&A expenses by 1007 percent; and decrease in total liabilities by 259 percent. “The third quarter marked an important milestone for MCOA, as our hempSMART sales have ramped up due to our multi-pronged marketing campaign and several newly launched products,” MCOA CEO Don Steinberg stated in the news release. “We ended the quarter strong with a revenue trend that is now largely stabilized with the strong foundation that we built. We expect sales to continue to increase through Q4 with the holiday season and into next year with our European expansion.”
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 financial results for the three and nine months ended September 30, 2018. The update noted the following highlights from Q3 2017 to Q3 2018: Increased revenues of 2984 percent; increased total assets by 42 percent; operations net loss decrease of 1057 percent; decrease in SG&A expenses by 1007 percent; and decrease in total liabilities by 259 percent. “The third quarter marked an important milestone for MCOA, as our hempSMART sales have ramped up due to our multi-pronged marketing campaign and several newly launched products,” MCOA CEO Don Steinberg stated in the news release. “We ended the quarter strong with a revenue trend that is now largely stabilized with the strong foundation that we built. We expect sales to continue to increase through Q4 with the holiday season and into next year with our European expansion.”
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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