Megola Inc (MGON)

[buythebuy]

MGON MJ PLAY WITH $2.4 MILLION IN REVENUES 2018!

Houston, Texas, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Publicly-held Megola, Inc. (OTC Pink: MGON) is pleased to announce current status of revenues and future direction of sales distributions into the United States and
Canadian CBD (Cannabidiol) markets. Acordy President Francisco Baez states: “For 2018, the Company is rapidly approaching 2 million euros ($2.4 million US Dollars) in revenues. This reflects an increase of over 300% compared with the same nine month period of 2017. Pretax profits for the nine months ending 9-30-2018 came in at €490,524
(approximately USD$ 585,000) representing nearly a 200 % increase over 2017. With Megola introducing CBD products and CBD infused olive oil into the U.S. and Canada, we are poised for substantial growth in 2019”. Eric Ottens, CEO of Megola states, “Utilizing our existing products from our olive farms and olive oil production facilities
coupled with CBD and marijuana legalization, we are in perfect position to quickly launch, products and distribute into the US and Canadian cannabis markets.”

Francisco Baez also stated, “Our legal counsel is continuing to take the necessary steps to bring Megola, Inc. current with all OTC filings and we plan on moving up to OTCQB or OTCQX within the next 6-12 months..”

The company also wishes to notify all shareholders and persons of interest that Megola, Inc. will be making announcements and updates via social media media. Updates can be found at on newly created new social media channels on Twitter https://twitter.com/MegolaMMJand a Facebook Business Page https://www.facebook.com/Megola-Inc-1844493719004617 .

Management also wants to notify all shareholders and persons of interest to visit http://www.acordyinvest.com for updates and notifications of the company’s original programs and directives.

About Acordy SA.
Acordy S.A. is currently a privately owned Spanish company that was formed in 2014. Acordy has been primarily
involved in the production and distribution of food items from Spain with a concentration in olive oils and wines
from the Iberian Peninsula. Acordy is also involved with commercial horse breeding. The company is currently
planning to become involved in the production and distribution of medical marijuana products and already has the
necessary infrastructure in place to commence commercializing CBD products in the next three months.

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Sections of this press release contain forward looking statements that reflect management’s best judgement based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward looking statements as a result of a number of factors that will be included in the forthcoming financial statements. Forward looking information provided pursuant to the safe harbor established by recent securities legislation should be evaluated in the context of these factors.

SOURCE Megola, Inc.

RELATED LINKS

http://www.acordyinvest.com
https://www.facebook.com/Megola-Inc-1844493719004617
https://twitter.com/MegolaMMJ


SHARE STRUCTURE UPDATED 05/07!

Share Structure
Market Cap
980,475
05/15/2019
Authorized Shares
200,000,000
05/07/2019
Outstanding Shares
196,095,060
05/07/2019
Restricted
22,527
05/07/2019
Unrestricted
196,072,533
05/07/2019
Held at DTC
153,557,217
05/07/2019
Float
88,604,553
11/28/2014

TRADES THIN! 52 WEEK RANGE 0.0006-0.0309


RECEIVERSHIP CLOSED!

Receivership Closed and Next Steps for CBD_Distribution:

Houston, Texas, Feb. 27, 2019 (GLOBE NEWSWIRE) -- Megola, Inc. (MGON),

Megola Corp. CEO Eric Ottens, is pleased to announce that the status of the receivership has been resolved with the Courts and has been posted with the Nevada Secretary of State.
Ottens stated: “This is a major accomplishment. We could not update the company information with OTC until this matter was resolved and finalized. We will now move forward with updating the registration filing with OTC and from there we can begin implementing the operational plans for our partnership with Acordy Spain. Acordy Spain is becoming involved in the production of medical marijuana products and will shortly begin distribution of CBD products in Portugal and Spain.”

The Company again wishes to notify all shareholders and persons of interest that Megola, Inc. will be making announcements and updates via social media. Updates can be found at the social media channels on Twitter https://twitter.com/MegolaMMJ and a Facebook Business Page https://www.facebook.com/Megola-Inc-1844493719004617 .

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

Contacts
SOURCE Megola, Inc.
For further information, contact: Eric Ottens
[e-mail]

NEWS COULD DROP AT ANY TIME AND THIS ONE COULD RUN BACK TO PENNIES.