NetworkNewsBreaks – Marijuana Company of America
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Posted On: 05/08/2019 2:54:00 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Outlines Plans to List Subsidiary on Vienna Stock Exchange
Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) this morning announced that its wholly owned subsidiary, hempSMART Ltd., is taking steps to list on the Vienna Stock Exchange with the goal of raising sufficient capital to expedite the rollout of its hempSMART product line in Europe. In line with this offering, MCOA intends to sell a minority interest in hempSMART Ltd. for up to $10 million. Per the update, the company expects that all necessary steps to trade on the Vienna exchange will be completed by the third quarter of 2019. “We are very excited to do an IPO of hempSMART, Ltd. on such a reputable European exchange,” Don Steinberg, CEO of MCOA, stated in the news release. “This is a huge leap forward to obtain the necessary capital to bolster our European launch and become a top hemp brand in Europe. Europe’s cannabis and hemp markets are undergoing a critical phase in their growth and this is the optimum time to establish our brand as a leader.”
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. (OTCQB: MCOA) this morning announced that its wholly owned subsidiary, hempSMART Ltd., is taking steps to list on the Vienna Stock Exchange with the goal of raising sufficient capital to expedite the rollout of its hempSMART product line in Europe. In line with this offering, MCOA intends to sell a minority interest in hempSMART Ltd. for up to $10 million. Per the update, the company expects that all necessary steps to trade on the Vienna exchange will be completed by the third quarter of 2019. “We are very excited to do an IPO of hempSMART, Ltd. on such a reputable European exchange,” Don Steinberg, CEO of MCOA, stated in the news release. “This is a huge leap forward to obtain the necessary capital to bolster our European launch and become a top hemp brand in Europe. Europe’s cannabis and hemp markets are undergoing a critical phase in their growth and this is the optimum time to establish our brand as a leader.”
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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