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I'm that hopes and dreams guy! Lets all dream/hope this gets to $1+
on a more serious note, I do appreciate your honesty and hope I can learn a thing or 2 from you!
hold on tight!!!
HERE WE GO!!
what are the thoughts on the finacials coming out next week?
where is this stock going???????
NEWS OUT - LET THE HARVESTING BEGIN!
ESCONDIDO, Calif., Oct. 22, 2019 /PRNewswire/ -- MARIJUANA COMPANY OF AMERICA INC. ("MCOA" or the "Company") (OTCQB: MCOA), an innovative hemp and cannabis corporation, is pleased to announce the Company has begun its 2019 harvest at its CBD hemp farm in Scio, Oregon. With its joint venture partner, Global Hemp Group Inc. (CSE: GHG/ OTC: GBHPF/ FRANKFURT: GHG), MCOA has created joint venture subsidiary, Covered Bridge Acres Ltd. (CBA), which owns the hemp biomass that runs across 35 acres and incorporates environmentally friendly and biodegradable methods.
Pre-harvest testing from the Oregon Department of Agriculture on the current hemp crop was recently conducted at the farm, CBA, and the final results of these tests determined that the hemp crop was compliant in THC levels. CBA has begun a selective harvest of buds concurrently with the general harvest for extraction and will be completed during the current quarter. Strains selected for this year's outdoor crop are low in THC and are expected to produce CBD levels near 20%. Similar strains are being grown in the greenhouses for the fall harvest program.
"The initial results of this harvest in Oregon are incredibly promising," said Mr. Donald Steinberg, Chief Executive Officer of Marijuana Company of America. "Our commitment to growing only of the most robust and quality plants are providing us with excellent returns that we are confident will be greatly appreciated by our growing customer base. As demand for CBD products continues to escalate, we remain focused on expanding our market footprint, enhancing brand recognition and capturing additional market share. We believe that this harvest is an important step in our growth trajectory and in establishing ourselves as a market leader in this emerging industry."
MCOA has expanded its growing operations to include year-round production from its greenhouses. The Covered Bridge Acres team has populated the first greenhouse (approx. 3,000 sq ft) for a fall harvest. The remaining five greenhouses (19,000 sq. ft.) are processing the current harvest of the outdoor crop. Cultivation will expand into all of the greenhouses on the farm, once processing is complete. Additionally a new 4,000 sq ft greenhouse will be installed to increase the available indoor growing area. Management is currently evaluating greenhouse expansion plans in order to generate a year-round revenue stream for the Company.
Something is going on being the scenes. This keeps creeping up. Big PR coming??
It's a nice green day! I think we touched bottom and are heading back up.. hopefully the haters stay away
very well said Lloyd!
NEWS OUT!!!
Marijuana Company of America Officially Launches VivaBuds in San Fernando Valley
https://www.otcmarkets.com/stock/MCOAD/news/Marijuana-Company-of-America-Officially-Launches-VivaBuds-in-San-Fernando-Valley?id=239229
Marijuana Company of America Officially Launches VivaBuds in San Fernando Valley
Press Release | 09/04/2019
ESCONDIDO, Calif., Sept. 04, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -– MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTCQB: MCOA) (OTCQB: MCOAD), an innovative hemp and cannabis corporation, announced the official launch of its premium cannabis delivery service, VivaBuds, in the San Fernando Valley, California.
In April, the Company announced it had acquired a 20% ownership interest in Natural Plant Extract of California (“NPE”) to establish a joint venture to create VivaBuds, a California marijuana delivery company that offers customers a dynamic opportunity to purchase low-cost premium cannabis products directly from farmers using a “Tell a Friend” approach. 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.
“We are extremely pleased to have officially launched our delivery service throughout the San Fernando Valley, where demand for cannabis continues to increase unabatedly,” said CEO of MCOA Mr. Donald Steinberg. “We believe that by providing delivery and our high-quality premium products to our consumers, we will increase revenues, expand margins, and improve our overall brand recognition. I am confident that this new endeavor dovetails perfectly with our commitment to become a global leader in the legal production, processing, and distribution of cannabis products. Going forward, management will continue to leverage strategic operations and decisions that enhance value for all our shareholders.”
According to an August 15, 2019 Los Angeles Times article, California is on pace to secure $3.1 billion in licensed cannabis sales in 2019, representing the largest legal marijuana market in the world. Legal sales have increased from approximately $2.5 billion in 2018, the first year of licensed cannabis sales in California, according to the analysis by sales-tracking firms Arcview Market Research and BDS Analytics.
About Marijuana Company of America, Inc.
MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™” that 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.
Legal Status of Cannabis
While legalized in California for recreational and medicinal use, cannabis remains a Schedule 1 drug under the Controlled Substances Act (21 U.S.C. § 811) and illegal under the federal law.
they charge a fee?????
Just called Etrade, for anyone like me who have zero shares in their account. They hope to have MCOA stocks all settled and back in accounts by the end of the week. sounds like it got a little messed up because of the ticker change
I thought it was a 1:60 reverse split not 1:30,000 Am I missing something?
WHY ARE ALL MY SHARES GONE? WTH HAPPENED?
Ticker has changed to MCOAD
Good article......
http://mmjreporter.com/marijuana-company-of-america-otcmktsmcoa-reports-strong-sales-as-expansion-strategies-pay-off-39381.html
Marijuana Company Of America (OTCMKTS:MCOA) has announced its second-quarter 2019 hempSMART products sales as well as provided other financial highlights. The company reported a 633.5% year-over-year growth in total product sales.
Marijuana Company of America expects to maintain growth momentum in Q3
Marijuana Company of America CEO, Donald Steinberg, stated that the Q2 2019 had been the most successful quarter for the company to date at hempSMART. He added that the company has continued with the momentum in the third quarter with strong sales, and in July the company managed to generate gross sales of more than $100,000.
The CEO states that the company expects to see significant demand in the coming quarters for its exceptionally formulated hempSMART CBD product brand. The company plans to continue its expansion of the hempSMART brand across the US and also globally in the European market.
MCOA subsidiary generates revenue in its first year
The company has witnessed its expansion strategies starting to pay off. The marijuana company recently announced that its joint venture subsidiary Cover Bridge Acres Ltd had started generating revenue. The subsidiary reportedly generated $525,500 through operations at its hemp farm in Oregon in its first year of operation. The revenue generated was through sales of plantlets, raw biomass, CBD oil and distillate derived from a several processing test runs including other operations.
In a most recent transaction, the subsidiary sold around 10,000 lbs of biomass at an extraction facility in Oregon. The team is currently working together with the party as well as others to finalize the purchase of the rest of the inventory.
The company expects to harvest a large quantity of biomass this year from the hemp farm in Scio, Oregon. The 2019 yield is expected to be more compared to last year because of enhanced genetics to the crop, early planting which means a longer growing season as well as having more plants on the ground. The MCOA joint venture subsidiary planted around 22% more plants in the farm compared to last year.
MCOA IS ON THE OTC MARKET LEADER BOARD TOP MOVERS TODAY!
SIGNED LOI!
signed PR LOI
This stock always pops after STEINBERG sells.....hold on....
Stienberg must be dumping more shares....0.0137 ask: 3,443,258
The one thing I have noticed is that every time there is insiders selling shares...shortly after a news bump comes out and the stock goes up 8%-20%
Well done!
2.4 MILLION ON THE BID....someone wants to get in......they should probably just hit the ask!
am I correct in reading the quarterly report will be file on or before May 20th?
"The Registrant could not complete the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 due to a delay in obtaining and compiling information required to be included in its Form 10-Q, which delay could not be eliminated by the Registrant without unreasonable effort and expense. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Registrant will file its Form 10-Q no later than the fifth calendar day following the prescribed due date."
yes it was!.......
GrowLife
GrowLife, Inc. (OTC: PHOT) reported a 216% increase in revenue for the second quarter to $2,244,279 from $708,936. Still, the company reported a net loss of $2.3 million, an improvement over last year’s loss of $4.2 million for the same time period.
I see this stock holding next week as well, Lots of positive news out there!
another green day...and great volume! enjoy the ride
Some big hits on the ASK. hope it gets wiped out! the shorts are sweating!
excellent volume again so far today!!
Great volume so far today!
The shorts are getting scared......
Marijuana Company of America Reports 840% Year Over Year Revenue Growth for Year End 2018!! GO MCOA!
Loading up! Fins coming out soon!
I believe April 15
annual report is going to be a little late....
https://ih.advfn.com/stock-market/USOTC/marijuana-company-of-america-MCOA/stock-news/79593917/notification-that-annual-report-will-be-submitted
Update on Processing of Hemp From Oregon Joint Venture
https://www.otcmarkets.com/stock/MCOA/news/Marijuana-Company-of-America-Provides-Update-on-Processing-of-Hemp-From-Oregon-Joint-Venture?id=223300
i think you are correct...it's called the reverse split!
Marijuana Company of America Enters Strategic Partnership With MassRoots to Promote the hempSMART CBD Product Line
https://www.otcmarkets.com/stock/MCOA/news/Marijuana-Company-of-America-Enters-Strategic-Partnership-With-MassRoots-to-Promote-the-hempSMART-CBD-Product-Line?id=222577
It's looking good! 0.016 / 0.0168