NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Reports Year-End 2018 Financial Results, 840 Percent Revenue Growth

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTCQB: MCOA) this morning announced its financial results for the year ended December 31, 2018, as reported in its annual report on Form 10-K. According to the update, MCOA realized total revenues of $252,135 from its hempSMART products for the 12-month period, which represents an 840 percent year-over-year increase as compared to 2017 revenues of $26,830.

“I could not be prouder of the growth and accomplishments our company and team members achieved in 2018,” Marijuana Company of America Founder, Chairman and CEO Don Steinberg said in the news release. “Our industry experienced unprecedented legislative developments, including Canada going full adult use and the Farm Bill passing in the U.S. We are now better positioned than ever to be a leader in the cannabis industry. Not only did we expand our team, but we also launched our hempSMART sales in Europe. We expect to complete and announce our acquisition of a California marijuana manufacturing and distribution license shortly. Upon completion, this acquisition will allow us to capture additional market share, implementing a fully integrated cannabis model that includes cultivation of hemp, distribution and manufacturing of cannabis, and the retail delivery of our new Viva Buds brand.”

To view the full press release, visit http://nnw.fm/7pB9c

About Marijuana Company of America Inc.

MCOA participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART, which targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com

NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://nnw.fm/MCOA

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More News From The Financial Capital

China faces debt fears ahead of construction forum

Apr 25, 2019

BEIJING — China's finance minister tried Thursday to dispel complaints its Belt and Road infrastructure-building initiative leaves developing countries with too much debt, promising "sustainable financing" as leaders gathered to celebrate the project. Liu Kun's comments came as Chinese authorities blanketed the capital with security for the forum celebrating President Xi Jinping's signature foreign initiative. Developing nations have welcomed the initiative to increase trade by building ports and other facilities in a region the Asian Development Bank says needs $26 trillion of investment by 2030 to keep economies growing. But countries including Malaysia and Thailand have canceled or scaled back...

Hand-carved mahjong tiles are a dying craft in Hong Kong

Apr 25, 2019

HONG KONG — Just opposite the entrance to a neon-lit night market, one of Hong Kong's few remaining carvers of mahjong tiles engraves the two Chinese characters for the number 8,000 on a piece of acrylic. With a knife in his right hand, Cheung Shun-king turns the tile with the other to cut into it. From time to time, he gently blows away the shavings. His is a dying craft in an era of mass-produced tiles for the table-top game, popular in southern China, Hong Kong and Taiwan. The 65-year-old artisan believes there are only three or four carvers left...

Beijing celebration of building binge overshadowed by debt

Apr 25, 2019

BEIJING — A conference this week showcasing a Chinese initiative to help build ports, railways and other infrastructure in the developing world is casting a spotlight on complaints the projects leave some countries with too much debt. Asian and African leaders plan to press for relief from politically volatile debt burdens at the Belt and Road conference that begins Thursday in Beijing. That could bring a note of tension to an event meant to be an official celebration of President Xi Jinping's signature foreign policy initiative. The Belt and Road has stirred anxiety in Washington, Moscow and Tokyo about Beijing's...

Myanmar lawmaker: 50 believed dead in mudslide at jade mine

Apr 25, 2019

NAYPYITAW, Myanmar — More than 50 people are believed to have died in a mudslide at a jade mining site in northern Myanmar, a lawmaker representing the area said Tuesday. Tin Soe said three bodies have been recovered and 54 people remain missing after the accident Monday night in the Hpakant area of Kachin state. "The rescue process will not be easy as they're under the mud, not just ordinary soil. It is really difficult to get the bodies back," he said. The mud flowed down on the workers from a collapsed reservoir made from a disused mining pit to...

China's Xi urges closer naval ties amid regional tensions

Apr 25, 2019

QINGDAO, China — Chinese President Xi Jinping urged closer ties among the world's navies on Tuesday, amid tensions over China's rapid expansion of its naval forces and forceful assertions of territorial claims in the South China Sea. Xi's remarks came in an address to foreign naval officers attending a fleet review marking the 70th anniversary of the People's Liberation Army Navy, an event Beijing is using to showcase its growing ability to exert force far from its shores. Following his speech, Xi boarded the destroyer Xining, one of China's most modern and capable warships, at the northern port of Qingdao...

Sign up now!

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.

Contact us: sales[at]thefinancialcapital.com