PENNY WATCH

[Let's Roll]

$MCOA Once listed, hempSMART, Ltd. will be one of the first U.S.-based hemp-derived cannabidiol (CBD) companies to do an initial listing on a European exchange, as most cannabis and hemp public companies opt to list in Europe as a secondary listing. This is a result of the Company's commitment to prioritizing its marketing efforts in the burgeoning European cannabis, hemp and CBD markets, with future plans to expand further.

"We are very excited to do an IPO of hempSMART, Ltd. on such a reputable European exchange," said Don Steinberg, CEO of Marijuana Company of America. "This is a huge leap forward to obtain the necessary capital to bolster our European launch and become a top hemp brand in Europe. Europe's cannabis and hemp markets are undergoing a critical phase in their growth and this is the optimum time to establish our brand as a leader. To date, we have exceeded expectations at our London event in March. In order to capitalize on this positive market momentum, we have planned two additional events in England, with two more following in Liverpool and Birmingham."

hempSMART, Ltd. is expected to enter Portugal later this month, with future plans to extend further in France, Germany and Austria. hempSMART, Ltd. markets and sells the Company's hemp and hemp-based personal wellness products, including the U.S.-patented hempSMART Brain™, an effective wellness product formulated with proprietary composition of natural ingredients and CBD to enhance brain function.

Jesus Quintero, CFO of MCOA, stated, "This offering on the Vienna exchange will help to strengthen the worldwide valuation for our hempSMART brand. We are highly optimistic about the prospects of this offering and the financial success of hempSMART."

Ian Harvey, COO of hempSMART, Ltd., commented, "The U.S. patent issuance is indicative of the advances the Company achieved, and is a testament to the Company's continued commitment to produce unique products of the highest quality, which distinguishes hempSMART as a leader of hemp-based CBD products."

https://www.wsj.com/articles/PR-CO-20190508-909577