Marijuana Company of America Inc (MCOA)

Marijuana Company of America (OTC: MCOA), an innovative hemp and cannabis corporation, is reporting its financial results and other financial highlights for Q3 along with the nine months ending Sept. 30, 2022. Highlights of the report included total revenues for third quarter reaching $142,394, a decline from the $442,178 reported for Q3 2021, third quarter ended September 30, 2021; Q3 gross profits of $84,194, generating 59.1% in gross margin, compared to a gross profit of $63,687 for the same period in 2021, representing 14.4% in gross margin; and a 34.1% decrease in operating expenses. The company noted that revenues were impacted by setbacks in sales because of Hurricane Ian and the phase-out of its hempSMART(TM) products in the United States; projections indicate increases in revenues as the company recovers from Hurricane Ian and expands its hempSMART brand in South America. “MCOA shareholders should be happy with the overall 34% decline in operating expenses and cash expenditures so far this year,” said Marijuana Company of America CEO Jesus Quintero in the press release. “This is due to our focus on efficiency and scaling back overhead. We are also pleased with the increase in our gross margins at 59%. We expect these positive trends to continue as we focus more on distribution of products through our subsidiary, cDistro. While other cannabis companies in our sector are struggling, we are aggressively pursuing M&A activity as there are numerous opportunities of distressed cannabis companies. We have also made significant progress in reducing our debt over the last month as critical step in our corporate restructuring.”

LOS ANGELES, CA / ACCESSWIRE / November 29, 2022 / MARIJUANA COMPANY OF AMERICA INC. ("MCOA" or the "Company") (OTC PINK:MCOA), an innovative hemp and cannabis corporation, is pleased to announce today its financial results and other financial highlights for the third quarter and nine months ending September 30, 2022.

Marijuana Company of America (OTC: MCOA), which operates, invests in and acquires companies in the cannabis sector, and its subsidiary, cDistro distribution, are partnering with Mitra9 Brands LLC. The company announced that cDistro has signed a master distribution agreement with Mitra9 to distribute its alcohol-alternative beverages derived from the natural herbs kava and kratom, which come from plants found in southeast Asia. According to the agreement, cDistro will distribute Mitra9 products, which include its best-selling canned, fizzy drinks available in a variety of flavors. According to the company, Mitra9 launched a year ago and is already producing more than 150,000 cans a month; company officials noted that they are looking forward to working with cDistro and are “expecting brand exposure to thousands of potential customers and placement in thousands of new retail locations within our first year of working together.” Before signing the agreement, Mitra9 sold its products online directly to consumers as well as in some retail locations. “We are thrilled to begin offering these amazing Mitra9 products through our cDistro distribution channels,” said Marijuana Company of America CEO Jesus Quintero in the press release. “Mitra9 is poised to become the dominant player in this emerging industry. The product already has early consumer brand loyalty and, being in the cannabis beverage industry, offers many exciting distribution opportunities for MCOA and cDistro. MCOA’s cDistro continues to offer distribution and marketing for innovative products with a strategy to build long-term value proving an excellent fit for our services.”

LOS ANGELES, CA / ACCESSWIRE / September 13, 2022 / Marijuana Company of America, Inc. (OTC PINK:MCOA) ("the Company"), which operates, invests, and acquires companies in the cannabis sector; today announced that the Company's subsidiary, cDistro distribution has signed a Master Distribution Agreement with Mitra-9 Brands LLC Suite of alcohol alternative beverages derived from the natural herbs Kava and Kratom.

Marijuana Company of America (OTC: MCOA) is a diversified holding company with operations and investments throughout the cannabis industry. The company today announced the reopening of its Regulation A offering on Form 1-A, declared qualified by the SEC on Oct. 20, 2021, File No. 024-11668, as amended.

LOS ANGELES, CA / ACCESSWIRE / August 30, 2022 / Marijuana Company of America, Inc. (OTC PINK:MCOA) ("the Company" or "MCOA"), a diversified holding company with operations and investments throughout the cannabis industry, today announced the reopening of the Company's Regulation A offering on Form 1-A, declared qualified by the SEC on October 20, 2021, File No. 024-11668, as amended.

Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies in the cannabis sector, today announced the entry of its subsidiary, cDistro, into a master distribution agreement with Miami-based Kind Grade. A multi-brand cannabis beverage company, Kind Grade created “Cool Out” Delta 8 Seltzers. The agreement covers the launch and distribution of Cool Out in the growing cannabis beverage space. “We are excited about the prospect of offering Cool Out products through our cDistro distribution channels. The Cool Out beverages will resonate well with consumers and generate rapid traction in the markets we intend to bring them to,” said MCOA CEO Jesus Quintero. “We continue to build up our distribution product portfolio, and we are excited to initiate our distribution and marketing efforts on behalf of Cool Out. The cannabis beverage industry offers many exciting distribution opportunities for MCOA and cDistro.”

LOS ANGELES, CA / ACCESSWIRE / August 4, 2022 / Marijuana Company of America, Inc. (OTC PINK:MCOA) ("the Company"), which operates, invests, and acquires companies in the cannabis sector; today announced that the Company's subsidiary, cDistro distribution has signed a Master Distribution Agreement with Miami-based Kind Grade, a multi-brand cannabis beverage company that created "Cool Out" Delta 8 Seltzers. The agreement covers the launch and distribution of Cool Out Delta 8 Seltzers in the growing cannabis beverage space.

Marijuana Company of America (OTC: MCOA), an innovative hemp and cannabis corporation, has appointed a special advisor to the company’s hempSMART(TM) South American division. According to the announcement, Marco Guerrero, has left his position on the board of directors in order to serve as a nonexecutive advisor to Hempsmart Global Inc., the parent company of MCOA’s Latin American hempSMART joint venture and a wholly owned MCOA subsidiary. In his new role, Guerrero will focus on penetrating the Brazilian market. MCOA’s Latin American hempSMART joint venture is designed to serve medical users in Brazil, enabling them to purchase hemp-derived CBD hempSMART products by prescription from Brazilian doctors. “Our joint venture in Brazil is building a solid base for our sales of hempSMART product line in Brazil and other significant South American markets, and is a major strategic partnership for MCOA,” said MCOA CEO and CFO Jesus M. Quintero in the press release. “Brazil, with a sales potential of hundreds of millions of consumers, is central to our vision for expansion. While the US CBD market has matured and is saturated with brands, we believe there is an early market entrant advantage for us entering the market with our established hempSMART brand. Marco Guerrero is building out our South American framework and adding him as a special advisor to that MCOA division further aligns our focus on increasing sales in the region. We are focused on the opportunity for significant market penetration in the expanding Brazilian CBD market.”

LOS ANGELES, CA / ACCESSWIRE / July 12, 2022 / Marijuana Company of America Inc. ("MCOA" or the "Company") (OTC PINK:MCOA), an innovative hemp and cannabis corporation, today announced the appointment of former director Marco Guerrero as special advisor to the Company's hempSMART™ South American division.

Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today announced that its cDistro operating entity has entered a master distribution agreement with Mellow, a multi-brand cannabis ecommerce and marketing company. According to the update, Mellow is a subsidiary of CBD of Denver Inc. (OTC: CBDD) , a cannabis roll-up company. The agreement covers the launch and distribution of dosist health’s award-winning line of high-concentration CBD+ formulas, products and innovative delivery vape devices to the U.K. and Europe. “Not only do we have several new exciting distribution brands and products coming down the pipeline in the CBD/cannabis sector,” said MCOA’s Chief Executive Officer Jesus Quintero, “but we now have the right partner on-point in the U.K. and European markets with deep distribution and marketing experience to help us ensure success as we actively build up our international distribution product portfolio on behalf of dosist health and their award-winning product portfolio.”

Denver, Colorado--(Newsfile Corp. - July 6, 2022) - CBD of Denver, Inc. (OTC Pink: CBDD), a cannabis roll-up company and...

LOS ANGELES, CA / ACCESSWIRE / July 6, 2022 / Marijuana Company of America, Inc. (OTC:MCOA) ("the Company"), which operates, invests, and acquires companies exclusively in the cannabis sector; today announced that the Company's cDistro distribution operating entity has signed a Master Distribution agreement with multi-brand cannabis eCommerce and marketing company Mellow, a subsidiary of CBD of Denver, Inc. (OTC: CBDD), a cannabis roll-up company. The agreement covers the launch and distribution of dosist health's award-winning line of high-concentration CBD+ formulas & products and innovative delivery vape devices to the UK & Europe. Mellow will be doing this via its newly established Mellow Distribution division.

Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today issued a letter to shareholders providing highlights of the company’s recent achievements, approved reverse split and outlook. “During the past year, we have made tremendous strides in our laying the foundation for our acquisition strategy by making accretive acquisitions, thus improving revenues and overall performance at MCOA. We continue to build on this strategy in order to ensure ongoing growth in shareholder value,” stated Jesus M Quintero, chairman of the board and CEO. “To continue to embark on our strategy, we have elected to conduct a reverse stock split in order to reduce the number of outstanding shares in the market. We believe that consolidating our shares, thus making them proportionally more valuable, should potentially enhance our stock price and put us in a position of strength for negotiations as we continue to explore the many distressed assets available to acquire in cannabis.”

LOS ANGELES, CA / ACCESSWIRE / July 5, 2022 / MARIJUANA COMPANY OF AMERICA INC. ("MCOA" or the "Company") (OTC PINK:MCOA), operates, invests, and acquires companies exclusively in the cannabis sector today issued a Letter to Shareholders providing highlights of the Company's recent achievements and its approved reverse split.

Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today announced that it will be presenting at the 12th annual Invitational hosted by LD Micro taking place June 7 – 9, 2022, at the Four Seasons Westlake Village. MCOA CEO Jesus Quintero will deliver the company’s in-person presentation at 5:00 p.m. Pacific time on Wednesday, June 8. He will provide updates on all MCOA initiatives, discuss the company’s activity in strategic acquisitions that fall into diversified cannabis categories, and continued review of opportunities to grow its national footprint in the U.S. and in emerging markets such as Brazil and Uruguay. Quintero will also conduct one-on-one meetings during the conference. Interested parties may visit https://ibn.fm/6YmDJ to register for the event and access the presentation.

LOS ANGELES, CA / ACCESSWIRE / June 1, 2022 / Marijuana Company of America, Inc. (OTC PINK:MCOA) ("the Company"), operates, invests, and acquires companies exclusively in the cannabis sector, today announced it will be presenting at the 12th annual Invitational hosted by LD Micro at the Four Seasons Westlake Village, on Wednesday, June 8th at 5:00 pm Pacific time.

Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today announced the financial results for the first quarter ended March 31, 2022. Among the highlights, the company reported revenues of $561,321 and $34,930 for the three months ended March 31, 2022, and 2021, respectively. The 1,507% increase is primarily attributed to the company’s new acquisition of cDistro, which distributes CBD and hemp products throughout the United States. “This first quarter demonstrates that we are off to an exciting start of 2022. This represents our second consecutive quarter with record revenue growth,” said MCOA’s Chief Executive Officer Jesus Quintero. “Our growth is expected to continue to accelerate into the next quarter as we continue to grow our business. We also remain active in strategic acquisitions that fall into diversified cannabis categories and continue to pursue deals to build scale in our existing markets while continuing to look at opportunities that continue to grow our national footprint in the U.S., as well as in emerging markets such as Brazil and Uruguay.”

LOS ANGELES, CA / ACCESSWIRE / May 24, 2022 / Marijuana Company of America, Inc. (OTC PINK:MCOA) ("the Company"), operates, invests, and acquires companies exclusively in the cannabis sector, today announced the financial results for the first quarter ended March 31, 2022.

Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today released an annual letter to its shareholders from the company’s CEO and Chairman Jesus M. Quintero. In the letter, Quintero reflects on milestones the company achieved in 2021, including streamlining its businesses and expanding into domestic and international consumer markets, while discussing MCOA’s commencement of its new path to growth and success. “Our 2022 objectives include continuing to seek mergers and acquisitions, as well as strengthening our new businesses by streamlining operations and generating greater awareness. We also look forward to continuing to tell the MCOA story by participating in key cannabis investor conferences, broadening our media exposure, and continuing a transparent line of communication with our shareholders,” Quintero states in the letter. “Like 2021, it continues to be an exciting time to be part of MCOA as we enter the middle of 2022 with a stronger balance sheet to accelerate our operations and continue to build shareholder value.”

LOS ANGELES, CA / ACCESSWIRE / May 17, 2022 / Marijuana Company of America, Inc. (OTC PINK:MCOA) ("the Company"), operates, invests, and acquires companies exclusively in the cannabis sector. Dear Shareholders, As I reflect on 2021, we continue to recognize and show our appreciation to the many healthcare workers and companies that have worked to combat the COVID-19 pandemic. MCOA began to enter a phase of our Company's development that we

SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform, hosted the 2022 Cannabis and Psychedelic Conference, a preeminent virtual investor event, on April 20. The elite event featured presentations from over 25 premier cannabis and psychedelic stock market companies, as well as talks with industry experts. Sponsors of the exciting event were Marijuana Company of America Inc. (OTC: MCOA) , Item 9 Labs, Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) (FRA: 6X0) , Can B Corp., and Pressure BioSciences Inc. (OTCQB: PBIO) . To view all presentations and keynotes from the conference, visit the event website at https://Cannabis-Conference22.MySequire.com .

Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, has released a correction regarding its participation at the upcoming Planet Microcap Showcase 2022. MCOA’s presentation is scheduled for May 4, 2022, at 10 a.m. PT. The event will be held at Bally’s Hotel & Casino in Las Vegas. According to the announcement, MCOA’s CEO Jesus Quintero will host the company’s presentation, which will include a question-and-answer period. Following Quintero’s live presentation, a replay of the webcast will be available on the Planet Microcap Showcase event website.

Please replace the release with the following corrected version due to a correction in the live presentation time. The updated release reads: LOS ANGELES, CA / ACCESSWIRE / April 26, 2022 / Marijuana Company of America, Inc. (OTC PINK:MCOA) ("the Company"), operates, invests, and acquires companies exclusively in the cannabis sector, today announced that it will be presenting at the Planet MicroCap Showcase 2022 at the Bally's Hotel &

Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today announced that it will be presenting at the Planet MicroCap Showcase 2022 , which is slated to take place from May 3-5, 2022, at the Bally’s Hotel & Casino in Las Vegas, Nevada. MCOA’s CEO Jesus Quintero will host the company’s presentation, beginning at 10 a.m. ET on Wednesday, May 4, and will answer questions from investors. Interested parties should visit https://ibn.fm/9o6Es and https://ibn.fm/yoDmU to register for the event, book one-on-one meetings and access MCOA’s presentation. All company presentations (“webcasts”) will be available directly on the conference event platform for those unable to attend live.