NetworkNewsBreaks – Marijuana Company of America
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Posted On: 09/05/2019 4:12:40 PM
NetworkNewsBreaks – Marijuana Company of America Inc. (MCOAD) Announces Completion of Reverse Stock Split
Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA, MCOAD) today announced that it began trading on a split-adjusted basis on September 3, 2019. The company announced its proposal for a 1-for-60 reverse stock split on July 31, 2019. According to the update, the company’s common shares, which previously traded under the ticker symbol “MCOA,” began trading on a post-split basis under the symbol “MCOAD.” This will continue for a period of 20 business days, after which the “D” will be removed, and the symbol will revert back to “MCOA.” The reverse stock split affected all issued and outstanding shares of MCOA common stock without changing the par value, which remained at $0.001 per share. The reverse stock split uniformly affected all stockholders and will not alter any stockholder’s percentage interest in MCOA’s equity. No fractional shares have been issued in connection with the reverse split. Stockholders otherwise entitled to receive a fractional share have instead received one additional share as determined in good faith by MCOA’s Board of Directors.
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 (OTCQB: MCOA, MCOAD) today announced that it began trading on a split-adjusted basis on September 3, 2019. The company announced its proposal for a 1-for-60 reverse stock split on July 31, 2019. According to the update, the company’s common shares, which previously traded under the ticker symbol “MCOA,” began trading on a post-split basis under the symbol “MCOAD.” This will continue for a period of 20 business days, after which the “D” will be removed, and the symbol will revert back to “MCOA.” The reverse stock split affected all issued and outstanding shares of MCOA common stock without changing the par value, which remained at $0.001 per share. The reverse stock split uniformly affected all stockholders and will not alter any stockholder’s percentage interest in MCOA’s equity. No fractional shares have been issued in connection with the reverse split. Stockholders otherwise entitled to receive a fractional share have instead received one additional share as determined in good faith by MCOA’s Board of Directors.
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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