Marijuana Company of America Inc (MCOA)

[Orion777]

Could be better but I've seen worse - even in the "big" stocks.

Sales are up which is good and should continue to grow in the coming quarters. Hopefully, the company will have enough future earnings to support operations as opposed to relying on notes, issuance of stock, and other debt instruments & investments to finance operations. Management has never withheld informing us of their need for financing. This after all is a growing company operating in an emerging market. Growth costs money. At least MCOA is well positioned to take a reasonable share of the market.

My only gripe is the MLM approach to marketing and selling the products. I agree with you "RarityLovesAll', that the company should go retail or at least include it as part of their basket.

I say give them a chance to balance the debt to income ratio. I'm long on this stock so what's another six months to a year?


Orion777