Marijuana Company of America Inc (MCOA)

[Captainandy]

#MCOA: FEDERAL LEGALIZATION JUST AROUND THE CORNER... 0.0008

[getyourownshares]

https://www.marijuanamoment.net/biden-finally-grants-relief-to-people-with-federal-marijuana-and-drug-convictions-after-more-than-a-year-in-office/

[getyourownshares]

[Captainandy]

#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


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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:
[e-mail]
[e-mail]
888-777-4362

SOURCE: Marijuana Company of America Inc.

[Captainandy]

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.

[Captainandy]

https://twitter.com/MCOAmerica

[Captainandy]

https://www.facebook.com/MCompanyofAmerica/

[Captainandy]

$MCOA: BACK TO FORTUNE... 0.001

Great time to load up.....


https://www.facebook.com/MCompanyofAmerica/

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https://www.marijuanacompanyofamerica.com/





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[mojo joyo]

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.

[Sat Naam]

https://www.wsj.com/articles/pot-investors-have-little-to-celebrate-on-4-20-cannabis-holiday-11650453053

[Funnyguy148]

Good news now!! 4/20 tomorrow!

[Funnyguy148]

https://www.stocktitan.net/news/MCOA/marijuana-company-of-america-reports-year-2021-financial-h8qdepkopfj7.html

[dcspka]

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.

[dcspka]

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/

[dcspka]

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.

[mojo joyo]

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 =$$$$$$$

[getyourownshares]

Marijuana

[Funnyguy148]

Looking good for 4/20

[mojo joyo]

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

[stock king 1]

nothing but a f ing scam timber crash burn....mcoa crooked imho put the top brass in prison imho...

[mojo joyo]

Anything under 0008 is a buy for me

[mojo joyo]

That would be by end of the month or maybe before congress goes on vacations.

[Funnyguy148]

Copy that

[NorthShoreTrading]

Schumer cannot introduce it on the 20th, Congress is not in session that week. They are on a break.

[Funnyguy148]

I still think we'll hit .01-.02 this year

[Funnyguy148]

theyre going to pump it when schumer introduces the bill i think during or after 4/20....

[Funnyguy148]

theyre going to pump it when schumer introduces the bill i think during or after 4/20....

[mojo joyo]

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.

[getyourownshares]

Benzinga gonna be biggggg

[mojo joyo]

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.

[JBZ]

Unrestricted count went up about a billion from last time I checked.. what’s up with that?

[from poor to rich]

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/

[dcspka]

Remember the recent 1A/POS filing:

" MARIJUANA COMPANY OF AMERICA, INC., a Utah corporation, is offering 10,000,000,000 shares (the “Shares”) of common stock, no par value , on a “best efforts” basis (the “Offering”). This means that, although we are offering Shares having an aggregate purchase price of up to $2,000,000 (the “Maximum Offering Amount”), we are not required to sell a specified number of Shares in the Offering prior to accepting any subscriptions, and no assurance can be given that all or any of the Shares will be sold. The public offering price per Share is $0.0002."

Well, if you re-visit the SEC filings, you will see that the filing has been nullified. Thank God. They were going to sell 10 Billion shares at .0002, thus ruining all the existing shareholders. That apparently is no longer the case. They evidently feel that they can raise money thru other means and not destroy the PPS. Unfortunately they will continue to dilute us just the same, but at least it will be at the prevailing market price.

Has anyone else verified this to be true? Please post your opinion.

[dcspka]

It was a big nothing, since everyone was already positioned for House passage. Unfortunately, the vote went exactly the same as the last time it passed in the house. Literally no Republican support.

Unfortunately, Schumer in the Senate has crafted his own bill, so this newly passed House bill won't even be brought up for a vote, just like last time.

These people have learned nothing in 1 1/2 years. The only thing that is going to change is the re-balance of Congress when the Dems lose control in the mid term elections..

That will make MJ legalization even tougher to accomplish. Oh, well.

[BOS]

Back in today

[Funnyguy148]

If this bill passes I'm guessing .003-.01 for first run.

[from poor to rich]

MCOA News https://finance.yahoo.com/news/marijuana-company-america-inc-present-190000788.html

[mojo joyo]

The whole sector is accumulating. Tomorrow could've the start of a big run bigger than last February of last year. Is up to congress now to wake up the weed sector

[from poor to rich]

I agree. Profit taking is healthy for stock to continue climbing. Good luck to all longs

[mojo joyo]

Profits taking all across the sector including here. Investors waiting for Wednesday vote and another pop will happen.
Where is ubgood now not a word from him guess he is on vacations.he did the magic act of disappearing.lol

[LionCub1]

Agreed.

I just got in today so happy for the dip. OTCX was on that ask today.

As long as they let it run, I don't mind a little dilution. Just not enough to kill the obvious MOMO!!

[XJINVESTOR]

Kind of an ugly day across the board for pot stocks.I bought more MCOA today as there is just too much going on right now industry wide and I see big things ahead. If they want to drop the price thanks I will take the discount.

Big things ahead for both MCOA as well as the entire industry!!

[LionCub1]

Looks like MCOA is going for a lunchtime dip today. I guess the real bounce will happen afterwards.

[bcarefulwhatuwish4]

Gotta be in it to win it. Just about to sell my pet . : )

[mojo joyo]

Some profits taking. Wednesday is the vote and I hope another spike on price 005s lets hope so

[bcarefulwhatuwish4]

The current big board rallies were of the usual but delayed February peak after the lows that shorties have accomplished all year and after the tax loss sells IMO. Will see what's to come for all boards.

[bcarefulwhatuwish4]

Don't know about Ubgood. So much one can do with own/limited resources. Don't forget commodities may get peeps somewhere too(?, no trading advice) in these war, inflation, pandemic(?) and plenty of shi*** times. LOL

[Razor09]

Hold for the big pop it’s coming imo don’t pay much attention to the small up and downs over the next week or so.

[mojo joyo]

What kind of trading week we have from tomorrow on. Another 900 mill trading day.? Do the uptrend continues for the rest of the week.? Where is Ubgood now.?lol

[mojo joyo]

Correct. the last few months was the best time to buy this burn to the ground tickers like here and few others. Even big boards tickers. Now the heat is on and sector is reversing now that = lots $$$$ profits if you got in on this cheaper prices.