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News:
Marijuana Company of America Announces Virtual Launch Party of Cannabis Delivery Service VivaBuds
Published: Aug 8, 2019 8:17 a.m. ET
ESCONDIDO, Calif., Aug 08, 2019 (GLOBE NEWSWIRE via COMTEX) -- ESCONDIDO, Calif., Aug. 08, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - MARIJUANA COMPANY OF AMERICA INC. ("MCOA" or the "Company") (otcqb:MCOA), an innovative hemp and cannabis corporation, today announced the virtual launch party of its premium cannabis delivery service, VivaBuds, which will initially deliver to the San Fernando Valley, located in Los Angeles, California.
In April, Marijuana Company of America announced it had acquired a 20% ownership interest in Natural Plant Extract of California ("NPE") to establish a joint venture to create VivaBuds. VivaBuds will hold its virtual launch party on Friday, August 9, 2019, at 7:00 p.m. PT via the following link: www.VivaBuds.live.
VivaBuds' virtual launch party will feature prominent members of the MCOA and NPE management teams, a tour of the live VivaBuds website, swag giveaways (www.VivaBudsSwag.com), and other important information regarding how to become one of the first customers to receive orders.
"Our Company is enthusiastic about providing customers with the opportunity to participate in the VivaBuds virtual launch party Friday evening," said Mr. Don Steinberg, CEO of MCOA. "VivaBuds will offer our customers low-cost premium cannabis, fast delivery times, and quality customer service. California's cannabis delivery regulations, which were implemented earlier this year, introduced a new burgeoning market that VivaBuds will not only benefit from, but also help set the industry standard by contributing to California's cannabis revenue surge."
For more information, please visit the VivaBuds website at www.VivaBuds.com. The VivaBuds mobile application is currently live on Google Play and available for download on all Android devices.
Agree. So much news in past 6 months. Now in the THC. Market. Investments in licensed grow operation etc.
17 million shares traded by 2:30 PM.
I bet the MMs were just waiting for this split so they could butcher it. Now all certainties are off the table...Love it. And I hope you are right about the 10:1 that would be much more doable.
the reverse split will occur at a future date Updates regarding the approval and a new effective date of the proposed reverse stock split will also be posted on the Company's website and will be filed on Form 8-K with the Commission.
Funny how things work out sometimes. Everyone was so sure that this would go down yesterday and today however now we find out that the date is uncertain and approval in the hands of the Fed.
Not looking real good here folks. In short We're Screwed. There is no reason that They will stop selling shares they will probably sell more since they will be worth more. Welcome to shit creek. Where's my paddle?
It is anybody's guess what will happen four days from now. I tend to think the RS will be a flop with out news of some kind to drive it above the atmosphere. I am thinking the Sandman is right although I hate to say it. When it comes to These stinky Pinkies, the realists are usually right. But at this point with 650K shares I am stuck one way or the other.
If my theory is correct then this will be a nervous day for shorts. Who will cover first?
This will go up. I highly recommend a purchase at this price.
Marijuana Company of America, Inc. (otcqb:MCOA) BREAKING NEWS: Marijuana Company of America, an innovative hemp and cannabis corporation, is pleased to announce the prelaunch of cannabis delivery service Viva Buds Inc. in the San Fernando Valley in Los Angeles, California, with sign-ups now available on its website at https://vivabuds.com.
Viva Buds' staff and marketing team have successfully initiated the prelaunch for prospective customers ahead of its official 2019 launch date. By signing up for free for the Viva Buds prelaunch, customers will have the opportunity to make referrals before the actual launch date. Viva Buds will offer customers a dynamic opportunity to purchase low-cost premium cannabis products and utilize the "call your friend" approach to build their own personal business. Viva Buds will have its own user-friendly app and will utilize its strategic partnership with MassRoots Inc. (otcpk:MSRT) to reach out to thousands of its social media followers, beginning in the San Fernando Valley.
In March, Natural Plant Extracts of California ("NPE") and MCOA announced they had established a joint venture to form Viva Buds, sharing the net profits on a 50-50 basis. NPE will manage all operations pertaining to distribution, manufacturing and delivery of cannabis products, and MCOA will provide capital, consulting and marketing services. Additionally, MCOA is the direct owner of 20% of NPE.
"Our management team is excited to provide this innovative opportunity to future customers of Viva Buds in one of the largest U.S. markets for recreational cannabis," said Mr. Don Steinberg, CEO of Marijuana Company of America.
"We are excited to be a partner in what we believe will be a game changing and disruptive delivery model in the marketplace," said Mr. Alan Tsai, CEO of Natural Plant Extracts of California. "We offer an incentivized program that is mutually beneficial for our customers as well as the company. We are confident this adds a lot of unique value and will position Viva Buds as a key player in the delivery sector.". Read this and more news for MCOA at: https://www.financialnewsmedia.com/news-mcoa/
Demand for CBDs are at an all time high. Being in the Medical Supply business as I have been for the past 20 years I have seen interesting developments with CBDs. We sell a number of manufacturers Hemp4 Wellness, Bluejay, and now Lazarus. I Don't Sell MCOA because there is just not enough profit and they are more geared for non business people selling to friends etc.
My point in bringing this up is that I see how many people not only know about CBDs but are currently using them. And a lot of older people are now taking them. It is like the internet at first it was just young people but at some point every one was learning how to surf the net.
There is a demand for Hemp and quality organic Hemp. This is where MCOA comes in. It is my belief that everything they grow will be anxiously awaited. And then there are the seeds. There is a huge market for their seeds because it takes years for this to be developed into quality hemp. Recently Prevention Magazine came out with a journal all about hemp CBDS.
The reason I am writing this is MCOA is a huge opportunity. Don't let the trends of Share price scare you away from this Company that will soon dominate the market.
The next two weeks should be very interesting. Mcoa gave us a month's notice. Correct me if I am wrong but normally they don't give much of a notice when there is a RS. At some point I would think the shorts that have choked this down to where it is now, will cover.
New LOI JV with NLD. News on FB. You snooze you loose.
New PR out.
Cannabis stocks rally after FDA says it will speed up effort to create rules for CBD
Published: July 15, 2019 11:11 a.m. ET
Organigram becomes first company to post earnings for latest quarter, Aurora Cannabis gets approval for outdoor grow Stock Cannabis oil extracts in jars.
By
Ciara
Linnane
Corporate news editor
Cannabis stocks were mostly higher on Monday, after the U.S. Food and Drug Administration said it is expediting its effort to create a regulatory framework for CBD with plans to publish a report on its progress by early fall.
Amy Abernathy, acting chief information officer, said in a series of tweets sent on Friday that the agency is “expediting its work to address the many questions about cannabidiol (CBD). This is an important national issue with public health impact, & an important topic for American hemp farmers and many other stakeholders.”
The FDA is still working its way through the public comments posted after more than 100 speakers presented at a May 31 public hearing on the subject, she said, urging anyone who still plans to submit information to do so by Tuesday.
CBD, a non-psychoactive ingredient in cannabis, is widely held to have wellness properties and to help treat a range of complaints, from pain management to inflammation to anxiety. But the FDA cannot allow companies to add it to food and beverages, because it’s the main ingredient in the only FDA-approved cannabis-based drug, GW Pharmaceuticals Plc’s Epidiolex, a treatment for severe childhood epilepsy. That makes it a drug in the FDA’s eyes, and means it would require research and trials to determine its efficacy and safety.
But with many companies anxious to launch products containing CBD, the FDA has come under pressure to devise rules sooner, rather than later. Clinical trials typically take several years to complete. Former FDA Commissioner Scott Gottlieb proposed congressional action to speed things up, based on using very low doses of the substance.
Read now: Cannabis stocks fall after FDA hearing on CBD finds conflicting views of substance
Companies are selling topicals and oils containing CBD, which the FDA is tolerating, as long as they don’t make exaggerated health claims.
See also: One Canopy Growth co-CEO is out, and the other isn’t far behind in major shake-up at world’s largest cannabis company
In company news, Organigram Holdings became the first big weed company to report earnings for its fiscal third quarter. The company surprised with a loss and revenue miss, which it said was related to how Ontario, Canada’s most populous province orders pot and the dearth of retail stores there, as MarketWatch’s Max A. Cherney reported.
Organigram Chief Executive said on the earnings call that the increased costs were due to an ultimately unsuccessful experiment it conducted with how it planted new harvests.
The company posted a net loss of C$10.2 million ($7.8 million), or 7 cents a share, after a profit of C$2.8 million, or 3 cents a share, in the year-ago period. Gross revenue increased nearly ninefold to C$30.4 million, while net revenue excluding excise taxes rose to C$24.75 million ($19.0 million) from C$3.4 million. The FactSet consensus was for a profit of 3 cents and revenue of C$29.7 million. Organigram’s fiscal third quarter ended May 31.
The disappointing numbers sent the stock lower early in the day, but it rebounded in official trade and was last up 3.1%.
CannTrust Holdings shares CTST, +13.57% TRST, +10.78% edged higher, putting them on track for their first gain in seven sessions. The stock has been clobbered since the Canadian regulator seized more than five metric tons of the company’s cannabis after discovering it had been growing in unlicensed rooms.
The company’s Danish partner, Stenocare A/S STENO, +2.53% said it received and sold some of the illegal pot. Exporting unlicensed cannabis is an indictable offense, according to Canadian laws.
Mackie Research said it was terminating its coverage of the stock, because it can no longer trust company management. In a note explaining its decision, analysts led by Greg McLeish said Health Canada should crack down hard on the company, because a failure to do so would set a bad precedent for law-abiding companies.
“Management has lost credibility and we now have concerns about the company’s financial accounting,” McLeish wrote. The unlicensed grow happened between Oct. 2018 and March 2019 and raises questions about whether it showed up in inventory and whether it was accounted for. “If it did show up, why didn’t senior management identify a potential problem?” the analyst asked.
Aurora Cannabis shares ACB, +3.20% ACB, +3.75% rose 3.2%, after the company said it has won Health Canada licenses for outdoor growing at two Canadian sites in Quebec and British Columbia. The sites “will be used for cultivation research to develop new technology, genetics and intellectual property in order to drive sustainable, high-quality outdoor production. “
See: Zenabis fought short-selling financiers in the cannabis industry, but did it win?
Aleafia Health ALEAF, +7.67% ALEF, +7.76% shares rose 7.4%, after that company said it has won a license amendment for its entire 1.1 million square feet Port Perry outdoor growing facility. The company’s previous license covered just 292,000 sq. ft.
Flowr Corp. shares FLWR, -6.89% FLWPF, -7.45% fell 8.6% after the company said it has received approval for an outdoor grow area with plans to start building 42 greenhouses of about 4,500 sq. ft. in size. Jefferies analyst Ryan Tomkins, who rates the stock at hold, said the timing of the approval is good.
“It means they should have adequate supply to compete in Flower as well as derivatives. Without this approval, current capacity would have likely meant a ‘flower only’ focus near term (with its high quality flower resonating well with consumers it would have been unwise to give up some of this supply to derivatives),” Tomkins wrote in a note to clients.
I like MCOA and I feel that the company is well on track to do great things. They need a kick start and hopefully this RS will do it. There are people in the company (board of directors etc.) that want this company to succeed. Some of the posts here seem to indicate that the company is just out to sell shares and allow the business to sink. I do not get that impression. But whatever you want to believe is your business. Look for an exit. Happy trails it is your money invest it wisely and best of luck.
Well that is the whole reason for the RS in the first place isn't it. To reduce outstanding shares
It is my understanding that if a QB stock remains above .25 for a month then they can qualify to be a QX listing and from there to Nasdaq. I could see that happening here after the split. MCOA is shaping up to be a monster in the Hemp and Cannabis field. Mcoa is often mentioned in lists of foremost players. One of the primary reasons that they didn't go the other way or accelerate in pps will be removed. Never doubt the future of this mammoth company.
It is interesting that when ever PRs are posted about the CBD growth rate that MCOA is most often mentioned as a major player. As someone once said "Don't let the glasses fool you."
I would love to see the math on that. Albeit if you have any funds available and any hope for remaining with this company perhaps add as many shares at the present cost as possible to bring down your average. The other idea is, if you are correct in this and don't have the funds to average down perhaps look for an exit number. Like you I am in a little less then 3/4 of a million shares and am hoping to see this climb somewhat prior to August/. If I can get close to my average I will exit prior to the split and hope to get back in afterwards when the shorts bring this back down to about .03. Just guessing but I really do believe that there is a big future for this company. If any players are also inclined in this plan it would be important to post only good things about $MCOA from here on out.
Also it would not surprise me that some big PRs may come out prior to August. I am sure that MCOA would like to see at least a .015 going into the split.
What happened here after the 60:1 news reminded me of the Second Home Alone movie when the kid saw the pigeon lady the first time. And he screams and goes running off. But then he stops and thinks about it and wonders what he is so afraid of. So He comes back. So I think it would be good for someone to itemize all of the stuff that this company is doing. That hasn't changed. Also think about the company. What do you see this company doing in 5 years? What roll will they play in the expanding Hemp and Cannabis industries? It has been stated that they will be a major player. Just sayin.
If you sold shares I would recommend buying them back soon. Here is why;
1. No one knows what the future holds for MCOA. There is a possibility that Congress could move to legalize Cannabis. This has been mentioned, there is strong possibility that this could happen before 2020. A slick move from the White House to lock in votes. Really this administration hasn't been all that rough imo. on states Cannabis policies. I think the Obama/Holder/Lynch administration was way rougher. There are pending bills to that affect. This would be ground zero for a big bump.
2. The share price was already ridiculously low based on company growth. And now it is bargain basement price.
3. Second quarter could be a big growth number and most likely will. At this point of the argument we would have to look at some of the developments that have happened in the past year. The right Prs. just before and after August could launch this.
And like I said, no one knows the future. There is always risk and sure other RS have not always turned out good. If Steinberg plays this right and I do believe he is intelligent enough to do just that. The sellers may regret that move.
Thank you. Seems like investors get hung up with the small view of what others are doing. Everyone is selling, I better sell too. Bad idea. We have three quarters of a month to go. If we think of ALL the developments that have taken place, we know the pps should be much higher. This could very well fly post July. No one knows for sure. I would highly recommend patience.
Beware of knee jerk reactions. I expect to climb back to
02 before August.
Mcoa is a fully reporting company with a QB listing.They will be bringing in big money from Hemp, a share in a working licensed cannabis growing facility that delivers. Thos is a bad time to get out. Expect a huge turn around.
I expect a big turn around. Even at a 60 to 1 this price is a steal
What you are saying is true. They diluted the shit out of this and now they want to bring the price up so they can do it again more then likely. I have never been in a 60-1 but have been in RS that were a thousand to one and once the shares were converted, there would be a major sell off at the higher price driving it down to almost where it was before the RS. It is almost never a good thing. Not sure about this however they are giving shareholders almost a months notice.
Sure we could smell this one brewing. Would love to hear some feedback from the Sandman on this. If an investor could break even prior to RS would it be wise to sell before hand or hold???
Mcoa has a lot going on. Love the prs from today. When I think of companies who have been waiting for permits in Canada as well as all over the USA it is really encouraging to see MCOA, oiled and ready to roll.
Huge volume today. 21 million shaes by 12:40. A good indication that something is in the works. My guess is that there will be a big turn around soon. Imo.
MMs loving this stock to death.
Getting close to a 3 year low. Probably be there today.
Worst CEO in the History of Trading. Lock him up!
Wow 49K shares traded today. Going for a record?
Maybe, just maybe the "Fake Polls," that inform us that a big turnaround may happen in 2020 will begin to affect some of these stocks like MCOA. We shall see.
This ain't it.
Can't believe this is trading for a cent??? Think about it.
Glad to see you jumping in. A year ago when I first started buying shares in MCOA, I never expected that the price would be in the low .01s. A lot of prs have been posted in the last year. This company is continually getting stronger and while the share price does not reflect that, we can look at a host of other green stocks in the US and see a similar pattern. One of these days we will see a considerable pop. Lets just hope it is a pop in the right direction.
Hi everyone. Some signs of upward movement. Lets see if it holds.
GO $MCOA
Probably sometime next week we will see a big drop followed by a next day pr detailing audit/uplist update. That is the formula that I am waiting for. Hope I am right.