Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Someone just load over 40 mill chunk.
Yes if you have the $$$$ and can hold till that . It will be a great flip. Same with others dead cats.
#MCOA: LOOK AT THAT...100 MILLION SHARES $0.0007 ON THE BID NOW...WoW...!
#MCOA: GREAT TIME TO LOAD THE BOAT...
WE KNOW CANNABIS WILL BE FEDERALLY LEGALIZED SOON...!
THE POLITICIANS HAVE NOTHING ELSE FOR THE NOVEMBER ELECTION TO RUN ON...!
As long the weed sector keeps bleeding same will happen here..
#MCOA: LOOKS LIKE $0.0006 WILL BE ON THE BID TODAY...!
Its surprising given the other MJ stocks today are still twisting in the wind. I would say momentum building towards the 1st quarter report next week (?).
The problem is that every day now 25%+ of the volume is the company creating new shares and diluting us.
Looks like accumulation mode this one moves even when the mj sector is doa
Marijuana sector is bleeding once again . Because Schumer change date on draft that bill now is August. Till that nothing will happen. I'm waiting to load more 0005s possible.then in August if Schumer bring that bill to the table. Sector will move same as here. Is all on what kind of news we get in August.
#MCOA: LOOKS LIKE YOU CALLED IT... ONE TIC AWAY...!.GO...mojo
with almost 11 billion shares in the float a $.01/share price would make this a $107 million $$ company. Somebody pass it to me.
Made huge money here back in February of last year .bought at avg of 0004s and flip at 03s. Now my avg is 0007 .did flip some at 002s this last run. Now im holding for next run once again.
He announced during the conference that there is no more convertible debt they took care of everything. And there revenue is up 237% or something like that from last year. And they are continuing to aquire more companies
$$$$$$$MCOA
Im been waiting for that price. Even lower. Great flip if you can hold for a while
Setting up bids at .0006 is rather pessimistic. It plays into the hands of the MM's.
#MCOA: SETTING UP MY BIDS ...LIKE YOU... GO MOJO. 0.0006
#MCOA: FEDERAL LEGALIZATION JUST AROUND THE CORNER... 0.0008
#MCOA:.Marijuana.Company.of.America.Reports.Year.2021.Financial.Results...
https://www.marijuanacompanyofamerica.com/
https://www.facebook.com/MCompanyofAmerica/
https://twitter.com/MCOAmerica
https://www.marijuanacompanyofamerica.com/news-media/press-releases/detail/193/marijuana-company-of-america-reports-year-2021-financial
https://d1io3yog0oux5.cloudfront.net/_ecd35e2421d6c46d46c07fbea2ad1f38/marijuanacompanyofamerica/files/theme/images/header-logo.png
LOS ANGELES, CA / ACCESSWIRE / April 19, 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 year ended December 31, 2021, as reported in its annual report on Form 10-K. Here are some of the notable highlights for the FY2021:
Record revenues for the year end December 31, 2021 were $1,030,249 or an increase of 267.1 percent.
The Company lowered its operating expenses by 2.2 percent by becoming more efficient and making better cash flow decisions.
Significant efforts to expand into South America and move key parts of supply chain to Brazil and Uruguay to improve gross margins and overall profitability.
MCOA paid off most variable priced convertible notes prior to conversion over the last quarter with funds raised from its Form S-1 registration statement.
The Company successfully negotiated a full settlement of its largest senior convertible note holder at a fixed price, preserving shareholder value and minimizing the impact of the dilutive nature of the notes, resulting in a decrease of the derivative liability from $4,426,057 in 2020 to only $749,756 for the year ended December 31, 2021.
MCOA has successfully negotiated and completed acquisitions including cDistro, Inc. that resulted in the Company's market capitalization increasing substantially during the year to enhance shareholder value.
The Company's total stockholder equity increased from a negative $5,461,367 deficit for the year ended December 31, 2020 to an actual stockholder's surplus of $230,889. This is the first time in the Company's history that it has had a positive equity position and is solvent.
The Company is getting close to being a "Penny Stock" exempt company, which requires more than $2M in net assets. It plans on achieving this milestone in Q2 or Q3 this year.
The Company's total assets increased by $5,853,405 from $2,106,494 in 2020 to $7,959,899. The Company expects its assets to continue to increase exponentially if the pending acquisition of VBF closes, as well as with the continued increase in positive operating results.
https://www.accesswire.com/users/newswire/images/697872/MCOA-Financial-Results-2021.jpg
Total revenues for the year end December 31, 2021 and December 31, 2020, were $1,030,249 and $280,653, respectively, an increase of $749,596 or 261%. This increase is attributed to the Company's hempSMART product lines and new line of businesses including cDistro, Inc., a distributor of hemp and CBD products, and equipment lease rental from new joint venture.
MCOA's Chief Executive Officer, Jesus Quintero, said, "We are excited to have commenced deployment of our new acquisitions, streamlining of our businesses and expansion into consumer markets domestically as well as internationally. Our Company has begun its new path to historical results and success. The new positive trends also complement the political market as the U.S. Congress drives toward the legalization of Cannabis, and we are proud to be part of this trend."
Quintero added, "This year we had been active in our acquisitions that fall into a few different cannabis categories. MCOA is currently in the process of finalizing the acquisition of VBF Brands, Inc., pending regulatory approval which we expect to complete in early 2022. The Company continued to pursue deals to build scale in its existing markets while continuing to look at opportunities that continue to grow our national footprint in the U.S. as an MSO, as well as in emerging markets such as Brazil and Uruguay. This is an exciting time to be part of MCOA, as we enter 2022 with a stronger balance sheet to accelerate our operations and continue to build shareholder value."
For the year ended December 31, 2021 and December 31, 2020, gross profit was $156,878 and $121,349, respectively. This increase was attributed to MCOA's hempSMART products and the cDistro, Inc. acquisition. Gross margins were 15.2% and 43.2% for the years ended December 31, 2021 and December 31, 2020, respectively. This decline in gross margins is due to cDistro being a distribution company that experiences slim margins as a reseller.
For the year ended December 31, 2021, operating losses were $4,711,133 which is a 2.2. percent decrease from operating losses of $4,854,891 for the year ended 2020. This decrease is attributed to the Company's ability to manage expenses and accordingly become more operationally efficient.
Net losses for the year ended December 31, 2021 and December 31, 2020 decreased by 28% to $10,191,450 for 2021 as compared to $12,145,382 in 2020. This represents a decrease in net losses of approximately $2M for the year ended December 31, 2021 as compared to December 31, 2022.
MCOA believes the reduced operating losses incurred in 2021, as compared to 2020, reflect the effectiveness of the Company's management team in 2021. MCOA expects to continue to reduce its losses as it continues to implement its plan for new sales strategies and cost-cutting measures in the near future until profitability is achieved. The Company plans on utilizing more funds from operations to cover its obligations rather than relying on dilutive equity and debt financing going forward.
For further information on Form 10-K, please visit www.sec.gov. Further details regarding the year ended 2021, will soon be made available in the investor relations section of the Company's website at www.marijuanacompanyofamerica.com.
Forward-Looking Statements
This news release contains "forward-looking statements," which are not purely historical and may include statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities and words such as "anticipate," "seek," "intend," "believe," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's" reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic reports filed from time to time with the Securities and Exchange Commission.
For more information, please visit www.marijuanacompanyofamerica.com or visit www.sec.gov.
CONTACT:
info@marijuanacompanyofamerica.com
info@mcoainvestments.com
888-777-4362
SOURCE: Marijuana Company of America Inc.
https://www.otcmarkets.com/stock/MCOA/profile
https://cdistro.com/
BUSINESS DESCRIPTION
Through H Smart, Inc., our retail CBD product division, we develop and sell consumer products that include industrial hemp derived, non-psychoactive CBD as an ingredient, under the brand name â??hempSMARTâ?¢â? Through cDistro, our wholly-owned CBD product distribution business, we distribute hemp and CBD products throughout the United States. Through cDistro, we distribute high quality hemp-derived cannabinoid products, as detailed on our cDistro website, www.cdistro.com. cDistro offers CBD brands along with smoke and vape shop related products to wholesalers, c-stores, specialty retailers, and consumers in North America. Through cDistro, we work exclusively with select manufacturers to deliver retail service and products at wholesale prices. Through our wholly owned subsidiary Salinas Diversified Ventures, Inc., we operate a cannabis nursery, cultivation facility and manufacturing and distribution operations in Salinas, California.
$MCOA: BACK TO FORTUNE... 0.001
Great time to load up.....
https://www.facebook.com/MCompanyofAmerica/
https://twitter.com/MCOAmerica
https://pbs.twimg.com/media/Ex-ow2fW8AQXZ4O?format=jpg&name=large
https://www.marijuanacompanyofamerica.com/
https://d1io3yog0oux5.cloudfront.net/_ecd35e2421d6c46d46c07fbea2ad1f38/marijuanacompanyofamerica/files/theme/images/header-logo.png
https://www.otcmarkets.com/otcapi/company/logo/MCOA
https://investorshub.advfn.com/boards/board.aspx?board_id=10460
https://ih.advfn.com/stock-market/USOTC/marijuana-company-of-ame-pk-MCOA/stock-news/87841901/annual-report-10-k
https://www.stockscores.com/chart.asp?TickerSymbol=MCOA&TimeRange=180&Interval=d&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=&Band=&avgType1=&movAvg1=&avgType2=&movAvg2=&Indicator1=None&Indicator2=None&Indicator3=None&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen
Heavy volume so far some big blocks been bought today. End of the month is coming lets hope we hear some positive news from congress . that will wake up the whole sector once again.
From the recent 10K regarding VBF Brands:
"VBF and SIGO agreed to sell and transfer to the Company (MCOA) all of VBF’s outstanding stock, and, by virtue of the Management Services Agreement, appoint Mr. Jesus Quintero as President of VBF, vesting management and control of VBF’s licensed cannabis operations in the Company. Concurrently, VBF and Livacich entered into a Cooperation Agreement, whereby VBF and Livacich agreed to cooperate to facilitate the transfer of ownership of VBF, which includes licenses issued by the City of Salinas, County of Monterey, and the State of California, to operate a cannabis nursery, cultivation facility and manufacturing and distribution operations to the Company. The Company also agreed to retain Livacich as Chief Executive Officer for a term of two years and agreed to compensate her with a salary including a signing cash bonus of $250,000, and a $250,000 performance cash bonus payable after six months after the Effective Date. The bonus is conditioned upon Livacich meeting an agreed to “Net Revenue” target of one million dollars ($1,000,000) from VBF’s operations during the six-month period after closing of the Asset Purchase Agreement, and her compliance with the terms and conditions of this Asset Purchase Agreement, the Management Services Agreement and the Cooperation Agreement."
As you can see, a potential one million dollar plus Net Revenue infusion in the near term is a hell of a lot more than what we currently can rely on.
The current bright spot in MCOA is the recent purchase of VBF Brands. The purchase had not yet closed as of 12/31/21, so its performance is not included in the Annual 10K just released. Too bad. It most likely will be the largest contribution to MCOA revenue this year. The MJ greenhouses have made tremendous progress in a very short period of time. I encourage everyone to do some DD on this and see for yourselves.
If Jesus is smart, he will prominently feature VBF Brands at the upcoming seminars this week. Positive Forward Guidance is the one bright spot we need after that lackluster 10K which no one can bring themselves to commented on.
https://www.instagram.com/p/CbjP4eAj8m1/
Just read the 10K. MCOA obviously needs a few positive distractions next week. Lets hope Jesus is eloquent and has a few rabbits to pull out of his hat at the conferences regarding forward guidance.
Hurry up Congress.
Could Look better after 4/20 . Let's hope something good comes from congress. And both parties can agreed in something . if that happens sector will pop big . Imagine here. We own a large position here..
Dead cat or not. If we get good news on congress agreement to pass a bill
MCOA will =$$$$$$$
This ticker moves at sametime sector move. Dripping now same as whole sector doing. Soons Schumer said something positive or comes from congress this will pop like everything else. I take any thing under 0008s anytime. Scam or not is going to pop
nothing but a f ing scam timber crash burn....mcoa crooked imho put the top brass in prison imho...
Anything under 0008 is a buy for me
That would be by end of the month or maybe before congress goes on vacations.
Schumer cannot introduce it on the 20th, Congress is not in session that week. They are on a break.
I still think we'll hit .01-.02 this year
theyre going to pump it when schumer introduces the bill i think during or after 4/20....
theyre going to pump it when schumer introduces the bill i think during or after 4/20....
I Will take anything under 0008.another sector pop will happen again very soon. Big avg volume for the last 14 days over 430 million daily avg.
Benzinga gonna be biggggg
Over 103 mill at bid nice wall. The whole sector is on accumulation mode since last spike on vote. Now lets hope that we get a bullish signal from the house to pass at least something sector will continued to move forward. Same as here pps will spike. I take 01 anytime. And it could happen if we hear good news from both parties on agreed to pass something.
Unrestricted count went up about a billion from last time I checked.. what’s up with that?
New Mexico cannabis sales pass 1.8 million the first day https://www.krqe.com/news/marijuana/new-mexico-cannabis-sales-pass-500000-in-first-12-hours/
Followers
|
580
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
43554
|
Created
|
09/13/07
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |