NetworkNewsBreaks – Marijuana Company of America

NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Provides Update on Proposed Reverse Stock Split

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) on Wednesday issued an update to its previously disclosed reverse stock split. According to the update, the reverse split is not effective July 31, 2019 as previously stated in the company’s press release dated July 3, 2019 and corresponding Form 8-K filed with the Commission. MCOA filed its notice of corporate action with the Financial Industry Regulatory Authority (“FINRA”), which is continuing its review of the action, as well as its Form 14C with the Commission disclosing the corporate action by consent of its majority stockholders. The reverse split will occur at a future date, pending the Commission’s review of the Form 14C, FINRA’s review of the proposed reverse split, and the mailing of the information statement to the company’s shareholders.

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