NetworkNewsBreaks – Marijuana Company of America
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Posted On: 07/03/2019 3:43:23 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Announces Reverse Split of Common Stock
Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) today announced that its board of directors and stockholders, in a meeting held on July 1, 2019, approved a reverse split of its issued and outstanding common stock at a ratio of 1-for-60. According to the update, the reverse split is intended to provide MCOA with greater flexibility in considering and planning for future business needs, as well as increasing its common stock per-share trading price to satisfy the minimum requirement for continued OTCQB listing. Per the Amended Certificate to MCOA’s Certificate of Incorporation, the reverse stock split will go into effect at 12:01 a.m. ET on July 31, 2019. Subject to FINRA approval, MCOA expects that, upon opening of trading on August 1, 2019, its common stock will trade on a split-adjusted basis with a new CUSIP number under current trading symbol ‘MCOA’.
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) today announced that its board of directors and stockholders, in a meeting held on July 1, 2019, approved a reverse split of its issued and outstanding common stock at a ratio of 1-for-60. According to the update, the reverse split is intended to provide MCOA with greater flexibility in considering and planning for future business needs, as well as increasing its common stock per-share trading price to satisfy the minimum requirement for continued OTCQB listing. Per the Amended Certificate to MCOA’s Certificate of Incorporation, the reverse stock split will go into effect at 12:01 a.m. ET on July 31, 2019. Subject to FINRA approval, MCOA expects that, upon opening of trading on August 1, 2019, its common stock will trade on a split-adjusted basis with a new CUSIP number under current trading symbol ‘MCOA’.
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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