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Marijuana Company Of America Inc (OTCMKTS:MCOA) Unveils The Marketing Strategy Of Its Subsidiary Hempsmart

Marijuana Company Of America Inc (OTCMKTS:MCOA) has today disclosed details on the progress of its subsidiary hempSMART. The business guru outlined that hempSMART had given an outstanding overview of its 2020 marketing strategy. It also disclosed details about its sales on a global scale.

The business strategy

The company’s Chief Financial Officer, who also happens to be the Principal Executive Officer Jesus Quintero, has given out a statement about the latest developments. Quintero says that he is impressed by the way hempSMART has been going about its business activities.

This subsidiary has been playing a huge role in pushing the company forward through the formulation of new marketing and distribution strategies. Quintero says that they remain committed to embracing all strategies revolving around strengthening their brand and making it even more competitive.

Plans underway

 The official has also spoken about the company’s plan to open some new distribution channels in different parts around the globe.

HempSMART™ is one of the businesses that are set to grace the CBD Conference that will be conducted in Las Vegas Convention Center. This will be the first time that the company will be a part of the industry trade show. There are plans underway to establish some international industry tours that will bring together many attendees from around the globe. HempSMART™ is set to come in contact with about 11,000 attendees from different regions and get to exchange business ideas.

The company’s latest product line is known as the “smart. – powered by hempSMART”. Reports indicate that the product will win over the hearts of the young and active consumers seeking to enjoy the attributes of high-quality CBD. It will be an opportunity for them to lead better lifestyles and promote their wellbeing.

The Global Marketing and Sales Manager working with the subsidiary Ms. Gloria Albarran Lynch has also spoken about the latest developments. Lynch will be spearheading the hempSMART marketing strategy set to help the business develop some premium products for the product consumers. The official says that they are looking forward to winning over an expanded market as they seek to take over leadership.

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Marijuana Company Of America Inc (OTCMKTS:MCOA) Posts Robust Revenues Of $114,810 in Q1 2019 On Improved Sales Of hempSmart Products

Marijuana Company Of America Inc (OTCMKTS:MCOA) has reported robust revenue of $114,810 in Q1 2019. The impressive year on year growth of 504% is achieved through improved sales and demand for hempSMART Products.

Increase in gross profit

The gross profit of Marijuana Company increased from $8,564 in Q1 2018 to $74,932 in Q1 2019. Its gross margins also surged to 65.3%. However, it posted a net loss of $4.2 million from operations in Q1 2019 when compared to a net income of $4.2 million for the same period last year.

The net assets of Marijuana Company have surged by 12% to $2.143 million in Q1 2019 mainly on account of increase in long-term investments, inventory, and cash. Its total liabilities have surged from $5.053 million in Q1 2018 to $8.087 million in Q1 2019 mainly due to an increase in derivative liabilities and convertible notes.

Progress of Oregon hemp project

According to Marijuana Company, the Scio, Oregon based hemp project is on track. It is also putting in efforts for the renewal of hemp grower’s license.

Considerable achievements of Marijuana Company in January 2019 include successful prelaunch of the hempSMART brand in the UK. Its hempSMART brain has got the US patent in February 2019.

To create a JV, Marijuana Company signed an LOI with Natural Plant Extract of California in March 2019. Following the successful completion of an agreement in April, the JV will operate Viva Buds, a cannabis delivery service in California. It has issued a letter to the shareholders providing detailed information on operating performance and financial details. The company also shared information on the acquisitions, which are underway. It signed a partnership accord with MassRoots for the promotion of hempSMART CBD.

CEO of Marijuana Company, Don Steinberg said robust results in Q1 2019 show the company’s commitment to establishing the presence in hemp, cannabidiol, and cannabis markets. He said the company successfully introduced hempSMART products in the UK in Q1 2019. The company’s focus is mainly on hempSMART wellness products that garnered significant interest and demand worldwide. Marijuana Company has expanded the hemp R&D and grow business following the growing demand for hempSMART wellness products.

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Marijuana

Marijuana Company Of America Inc (OTCMKTS:MCOA) Prelaunches Hempsmart In The United Kingdom

Marijuana Company Of America Inc (OTCMKTS:MCOA) is a company in the United States that focuses on hemp and cannabis production. HempSMART™, Ltd is one of its progressive subsidiaries. The business undertook a successful Hempsmart prelaunch in the United Kingdom. It disclosed the details today in its press briefing.

Current state of affairs

In the statement, it outlined that hempSMART™, Ltd had completed the signups successfully. The network marketing sector undergoes dynamics now and then. The division has invested time and effort in the implementation of a customer service team and a regional office. It seeks to accomplish much more. The employment of personnel with many years of experience will turn the distribution center into a major success according to analysts.

The company has plans underway to celebrate the launch hempSMART UK which will most probably take place in March. Quite a significant number of associates already have their tickets, and they look forward to the big day.

A close outlook

The company’s spokesperson says that a number of international speakers will make speeches. The associates from the UK will also be in attendance, and it most probably will be a great event.

Full field training and marketing activities are already underway. The HempSMART team knows that the demand for products will be monumental. That is the reason it is working around the clock to produce adequate inventory.

MCOA remains optimistic that the UK event will mark a new beginning. It seeks to make sells in more countries within the European continent.

HempSMART’s Global Sales Director Ian Harvey believes in every move they are making lately.

He opines, “We have invested in a support infrastructure that will give our associates a fantastic platform to build on, one that supports growth on both a personal and business level.”

Analysts say that the 900 pre-registered persons are a good number for starters. They project that the full launch in March will help the Company make major headway in the sale of its products. They think that the current number will rise to almost double.

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Marijuana

Marijuana Company Of America Inc (OTCMKTS:MCOA) Gears Up for Capacity Expansion in 2019

Marijuana Company Of America Inc (OTCMKTS:MCOA) has completed the submission of Form S1 registration statement with the securities and exchanges commission of the US. It helps the company to generate funds of $10 million for the expansion in 2019 and working capital needs of the ongoing projects.

Marijuana Company sells 500 million common shares to K&J Funds

In the prospectus filed to the US SEC, the company included the proposed resale of 500 million common shares to the selling stakeholder K&J Funds, LLC. It is as per the agreement entered into with K&J on December 20, 2018. Marijuana Company can sell shares worth $10 million for up to 30 months to K&J under the existing investment accord. It accounts for 20.08% of the outstanding and issued common shares of Marijuana Company.

Marijuana Company announces clone production

Marijuana Company announced that clone production for the 2019 season is in top gear at its high yielding hemp project in Scio, Oregon. The company is making efforts for early plantation this year during May and June 2019. Planting is delayed due to late acquisition of the 109-acre farm for the project. It requires an additional two months for the plants to grow larger. The larger plants facilitate higher quantity for biomass.

Marijuana Company expects to cultivate three hemp strains for the extraction of high CBD content. It also yields higher biomass. The hemp strains feature disease tolerance, pest resistance, and shorter flowering period. It facilitates early harvest probably before the onset of the rainy season.

The company carefully selected the hardiest phenotypes for the mother plants, which feeds the cloning process. The cloning process started in November 2018. It will generate more than 40,000 clones for planting in lower 35 acres of the farm. Marijuana Company’s team at Scio, Oregon project is involved in the expansion of cloning operations through upgrading electrical and lighting facilities in the greenhouse. The company will sell the excessive clones generated at the facility for other farms in the region.

Oregon Department of Agriculture has granted the registration to Covered Bridge Acres (CBA), the operating company of the project, for the cultivation of hemp in 2019.

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Marijuana

Marijuana Company Of America Inc (OTCMKTS:MCOA) Joint Venture Completes Three Greenhouses

Marijuana Company Of America Inc (OTCMKTS:MCOA) recently announced that BV-MCOA Management, LLC, its joint venture project has managed to complete three greenhouses encompassing 7,000 square feet area. It is a part of the joint venture agreement that MCOA signed with Bougainville Ventures, Inc last year on March 16.

Apart from the construction of greenhouses on 30,000-square-foot cultivation facility of which 23% has now been completed, the agreement also requires MCOA to arrange funding of $800,000 for purchasing land and constructing more greenhouses.

MCOA Waiting For Inspection To Start Cultivation

A total construction of 7,000 sq.ft has been completed in the greenhouse space as a preparation for the planting season of this year. The construction now will be finally checked for the security system after the complete greenhouse construction is completed in the coming few days. MCOA is waiting for the final inspection because unless the inspection authority grants approval, the licensed tenant is not allowed to occupy the area and start cultivation.

According to Donald Steinberg, MCOA CEO, “We are pleased to see the completion of the first phase of the greenhouse facilities. Once the security system is in place, we are confident the site will pass final inspection.”Steinberg stated that his company is exploring opportunities so that it can replicate the current business model and contribute to the expansion of MCOA’s real estate portfolio.

As per the model of the joint venture, the turnkey property will be leased out to a licensed tenant and the company will support as a landlord providing an ideal environment for cultivation to its tenants. Once the construction of the entire area is completed it will have the cultivation capacity of 4,000 plants.

MCOA Acquires 109-Acre Agricultural Land                                                  

The innovative hemp and cannabis corporation recently acquired an 109-acre agricultural land in Scio, Oregon as a part of its partnership with Global Hemp Group ORD (OTCMKTS:GBHPF). The joint venture has invested in the land for cultivating high CBD yielding hemp to be planted in the growing season of 2018. One of the reasons for choosing this particular property is because it has a history of hemp cultivation and has been used for more than last two growing seasons.

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Marijuana

Marijuana Company Of America Inc (OTCMKTS:MCOA) Closes Investment In MoneyTrac Technology

Marijuana Company Of America Inc (OTCMKTS:MCOA) has closed an investment worth $250,000 into MoneyTrac Technology, Inc. in lieu for a 15% ownership stake. MoneyTrac is the subsidiary firm of Global Payout, Inc. (OTCMKTS:GOHE).

The details

Marijuana Company completed this investment to help develop and market MoneyTrac as an alternative banking option for the cannabis industry. MTT’s software has the feature to integrate and simplify electronic payment processing, such as mobile applications and E-Wallet, as well as process and manage debit cards, credit card payments and prepaid cards.

As part of the investment terms, Donald Steinberg, the President and CEO of Marijuana Company of America, was appointed to the MTT board this year where he is sharing the invaluable experience he has earned throughout his career in creating alternative financial solution firms to the MoneyTrac executive management team.

Steinberg added that they are thrilled to help guide MoneyTrac through its advancement stages and positive about the prospect of company’s investment into this new assignment. This is another instance of company’s strong strategic associations with emerging firms in their industry.

Since the Global Payout’s inception in 2009, the company has been a major provider of customized and comprehensive prepaid payment solutions for international and domestic organizations distributing funds worldwide. In 2014, the company launched its first web payment platform named the Consolidated Payment Gateway, which enabled its enterprise customers to transfer money to global bank accounts, prepaid card accounts and mobile accounts.

The advancement of the CPG became the base for the launch of its new, advanced FINTECH payment system this year, for both mobile and online applications to permit account holders to increase an expanded suite of financial services and reduce operational costs. The company will continue to provide its FINTECH payment system to distinct vertical markets for support of digital currency and foreign currency exchange, including relentless support of the banking industry and global governments.

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