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MCOA Finalizes Joint Venture Agreement With Bougainville Ventures in Washington State $MCOA.us

Posted by AGORACOM-JC at 1:16 PM on Tuesday, April 4th, 2017

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  • Finalized the joint venture agreement with Bougainville Ventures, Inc. in Washington State
  • MCOA will invest $1 million in cash in a newly formed entity
  • Bougainville Ventures, Inc. will contribute its expertise in the construction and management of a 30,000 sq. ft. greenhouse facility

BONSALL, CA–(Apr 4, 2017) – MARIJUANA COMPANY OF AMERICA (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp marketing and distribution Company, is pleased to announce that it has finalized the joint venture agreement with Bougainville Ventures, Inc. (“BV”) in Washington State.

MCOA will invest $1 million in cash in a newly formed entity. Bougainville Ventures, Inc. will contribute its expertise in the construction and management of a 30,000 sq. ft. greenhouse facility, which will accommodate a Tier-3 production and processing I-502 tenant that has decades of experience and a proven track record of consistency and quality. MCOA and BV will split equity and profits equally, 50/50.

As turnkey landlords, MCOA and BV will provide our I-502 tenant with a state-of-the-art facility that creates an ideal cultivation environment that they can move into and be fully operational on day one. This enables our tenants to focus on what they do best, producing top quality products and not worrying about maintaining their infrastructure.

Donald Steinberg, MCOA President and CEO, said, “This project will help to expand our operations as an ancillary business into the Washington State market. Achieving this milestone of closing this deal, as well as completing our PCAOB audit at the end of the first quarter are two more pillars of the strong foundation we are building for our shareholders.”

The execution of the agreement is the final step in formalizing the Letter of Intent that was publicly announced on February 15, 2017. This joint venture partnership is formed for the purpose of greenhouse construction, management and commercial leasing to I-502 licensed producers within Washington State only and not beyond its borders.

ABOUT BOUGAINILLE VENTURES, INC.

Bougainville Venture Inc. is in the core business of converting irrigated farmland that was traditionally used to grow marginally profitable feed crops, to greenhouse-equipped farmland used to grow luxury crops with a primary focus on high-density and high-yielding crops. Bougainville is an agricultural services company that focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities. Bougainville offers fully built out turnkey solutions to tenant-growers and provides growing infrastructure, as well as landlord services for licensed I-502 producers and processors in the state of Washington.

SAFE HARBOR STATEMENT

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
agoracom.com/ir/MarijuanaCompanyofAmerica

Marijuana Company of America
Investor Relations
1+(888)-777-4362
IR@mcoa.club

Marijuana industry gets boost from anticipated legalization target date $TBP.ca $MCOA.us

Posted by AGORACOM-JC at 9:55 AM on Tuesday, March 28th, 2017

Canadian marijuana businesses got a confidence boost from a CBC News report that the government plans to legalize recreational marijuana by July 2018, although big questions remain about how the legal market will work in different provinces.

The newly revealed date for the debut of legal cannabis is “exactly along the lines of what we expected,” said Neil Maruoka, a stock analyst with Canaccord Genuity who covers publicly traded marijuana companies.

“Certainly there are some companies with more aggressive expansion plans, and this will give some comfort and clarity on what that path forward is going to be,” he said.

Stocks in Canadian marijuana companies swelled on Monday. Shares of Canopy Growth Corp., Canada’s largest publicly traded marijuana producer, gained more than 11 per cent. Shares of Aphria, another large player, gained about 8.4 per cent.

The tabling of the legislation, expected the week of April 10, should be “the tide that lifts all cannabis stocks,” said Maruoka.

Licensed producers bet on recreational sales

Currently, 39 marijuana producers are licensed by Health Canada to cultivate medical marijuana and sell it to patients via a mail-order system. Some of those companies are spending heavily to build up their growing capacity, betting that they’ll be well positioned to sell into the recreational market as soon as the green flag waves.

Alberta-based Aurora Cannabis, which is building an 800,000 square-foot farm near Edmonton International Airport, welcomed the reassurance that Ottawa is committed to recreational sales.

“This is something that we planned on and that’s why we started construction on this enormous facility,” Aurora executive vice-president Cam Battley told CBC Edmonton on Monday.

Canopy Growth CEO Bruce Linton also said the legalization date is in line with his company’s plans.

“It means everything that’s been predicted to be on a path is on a path,” said Linton.

“And when you’re dealing with a government, you can expect things not to stay that course, but they have.”

Who will be allowed to sell?

Even if they weren’t surprised by the date, players in the Canadian marijuana market are taking notice of the news that individual provinces will be deciding how marijuana is sold.

“The dispensary groups, depending on how this plays out, could be big winners,” said Mark Lustig, CEO of CannaRoyalty Corp., which invests in legal aspects of the marijuana industry.

Pharmacies like Shoppers Drug Mart, London Drugs, and Jean Coutu could also benefit if provincial governments tap them as marijuana distributors, said Lustig.

CANADA MARIJUANA/REGULATIONS

Marijuana dispensaries, currently illegal under federal law, could benefit if individual provinces let them sell legal marijuana. (Julie Gordon/Reuters)

In Ontario, the union that represents Liquor Control Board of Ontario workers has pushed for marijuana sales through the government liquor monopoly.

Ontario Premier Kathleen Wynne said Monday that the provincial government has not yet decided who will get to sell marijuana in Canada’s most populous province, although she previously said “it makes sense” to sell marijuana through the LCBO.

Colette Rivet of the Cannabis Canada Association, which represents 15 licensed producers, says her organization’s members favour leaving the mail-order system for medical marijuana in place, and potentially expanding it to recreational sales.

Still, Rivet acknowledges that brick-and-mortar retail sales are “likely to happen, of course.”

In its submission to the federal task force on marijuana legalization, Cannabis Canada said it was against selling alcohol and marijuana in the same location.

Dispensaries hope for inclusion

Owners of some marijuana dispensaries, which are illegal under federal law, are also hoping the provinces will cut them in on the legal marijuana market.

“We feel that we have a very good potential to be included in a regulated environment,” said Jeremy Jacob, a Vancouver dispensary owner and president of the Canadian Association of Medical Cannabis Dispensaries.

In many Canadian cities, dispensaries are frequently raided and shut down by police. But Jacob points out that some B.C. dispensaries have good relationships with local governments in Vancouver and Victoria, where marijuana shops can be licensed by municipal authorities.

Jacob expressed hope that those existing government ties could help pave the way for dispensaries — and the unlicensed producers who grow their product — to take part in the legal marijuana economy in B.C.

“We’re waiting to see how inclusive they actually are,” said Jacob.

Source: http://www.cbc.ca/news/business/marijuana-businesses-legalization-date-1.4042599

Marijuana Company of America Completes 2-Year Audit, Will Apply to Uplist $MCOA.us

Posted by AGORACOM-JC at 8:56 AM on Tuesday, March 28th, 2017

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  • Announced that its PCAOB auditors have completed a two year audit of the Company’s financial statements for the years ended December 31, 2015 and 2016
  • Company will apply to uplist its trading tier with OTC Markets to the OTCQB exchange

BONSALL, CA–(Mar 28, 2017) – MARIJUANA COMPANY OF AMERICA (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp marketing and distribution Company, is pleased to announce that its PCAOB auditors have completed a two year audit of the Company’s financial statements for the years ended December 31, 2015 and 2016.

MCOA‘s SEC legal counsel is now finalizing a Form 10 registration statement for filing with the Securities and Exchange Commission. After the registration statement becomes effective, and the Company’s common stock is registered with the Commission, the Company will apply to uplist its trading tier with OTC Markets to the OTCQB exchange. Completing the two year audit is an integral step in successfully filing a Form 10 registration statement. This significant step has been completed to enhance long-term shareholder value, and attract a broader and more diverse shareholder base, including more institutional investors.

Donald Steinberg, MCOA President and CEO said, “Our goal is to meet the requirements to be a fully reporting company. This is in-line with our business plan to move to a higher level stock exchange. As we continue to grow within our industry, achieving the highest level of transparency for our current and future shareholders is of paramount importance to us. With the audit completed, we are well on our way to becoming fully reporting and offering more transparency to investors and shareholders.”

ABOUT L&L CPAs, PA
L&L CPAs, PA is registered with the Public Company Accounting Oversight Board (PCAOB) and is experienced in conducting audits of public companies in the cannabis industry. Please visit the audit firm’s website at www.llcpas.net to find out more information about the firm.

SAFE HARBOR STATEMENT
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
agoracom.com/ir/MarijuanaCompanyofAmerica

Contact :
Investor Relations
1+(888)-777-4362
IR@mcoa.club

MCOA Continues National Expansion with Production Permit in Adelanto, California $MCOA.us

Posted by AGORACOM-JC at 8:57 AM on Wednesday, March 22nd, 2017

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  • Completed due diligence and entered into a binding joint venture agreement with GateC Research, Inc.
  • MCOA will invest cash and stock in a newly formed entity, and receive a 50% equity and share in the net profits produced in the joint venture in Adelanto, California, where GCR owns a permit for cultivation

BONSALL, CA–(Mar 22, 2017) – MARIJUANA COMPANY OF AMERICA (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp marketing and distribution company, is pleased to announce that it has completed due diligence and entered into a binding joint venture agreement with GateC Research, Inc. (“GCR”) for the purpose of engaging in the cultivation of legal marijuana in Adelanto, California.

The terms of the agreement include that MCOA will invest cash and stock in a newly formed entity, and receive a 50% equity and share in the net profits produced in the joint venture in Adelanto, California, where GCR owns a permit for cultivation.

A three-person board of managing members will oversee operations of the newly formed entity. GCR will contribute its expertise in marijuana cultivation, as well as establish partnerships and licensing agreements that will enable the legal cultivation of marijuana in the State of California.

Donald Steinberg, MCOA President and CEO, commented, “We are excited to work with the GateC Research, Inc. team, and we look forward to strengthening our supply chain pipeline in California. We have some very exciting marketing ideas to implement as regulations allow.”

“Our partners have managed many successful and legally compliant cultivation projects in California and we are looking forward to expanding our operations with MCOA’s assistance into Adelanto County and starting a cultivation model that we intend to successfully replicate with MCOA,” said Adam Agathakis, an Officer of GateC Research, Inc.

This joint venture project is solely for the purpose of cultivation, processing and distribution of legal marijuana within the State of California only and not beyond its borders.

GATEC RESEARCH, INC.

GateC Research, Inc. is a California based Mutual Benefit Corporation that has secured a permit to grow medical marijuana in Adelanto County. The Company’s principals are successful pioneers in the California and Washington state medical marijuana industry that have successfully owned and operated numerous successful pre-ico dispensaries and cultivation facilities. Eddie Manolos is an advisor of GateC Research and has been on MCOA’s advisory board since early in 2016.

SAFE HARBOR STATEMENT

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
agoracom.com/ir/MarijuanaCompanyofAmerica

Marijuana Company of America, Inc.
Investor Relations
888-777-4362
ir@mcoa.club

Expand uses for medical marijuana $MCOA.us $TBP.ca

Posted by AGORACOM-JC at 10:17 AM on Monday, February 27th, 2017
  • New Jerseyans with chronic pain can receive the kind of relief from medicinal marijuana they cannot get from any other drug
  • In many cases pot does a better job reducing the pain, and without unwanted side effects.
  • Limiting its benefits because of outdated notions about the dangers of marijuana use is misguided
On Wednesday advocates for expanding eligible conditions under New Jersey’s medical marijuana program will have their first formal chance to make their case before a special panel created to consider such pleas.

Loosening some of the reins on medical marijuana is long overdue, and we urge panel members to enter the process with an open mind and a willingness to broaden the potential to bring relief to those in pain.

If they do, it will mark a significant contrast to most anything we’ve seen from Gov. Chris Christie’s administration, which has been reluctant to implement the program from the start and has thrown up repeated obstacles that have effectively limited distribution.

Christie inherited the program from former Gov. Jon Corzine, who legalized medical marijuana but left office before any of the particulars of the new law had been put in place. That left Christie — an opponent of legalization — to oversee the details, providing ample opportunity for delay while establishing new regulations.

There was little point to the foot-dragging other than to burnish Christie’s conservative credentials in opposing any form of pot legalization. The governor continues to cling to the widely discredited argument of marijuana as a gateway drug leading to more addictive and more lethal substances. The end result was to deny relief to patients experiencing chronic pain from certain medical conditions, relief that should have been available to them under the law, except for the implementation delays.

Even now, however, patient advocates say New Jersey’s medical marijuana program is needlessly restrictive, failing to include many health issues that should be covered by the law. That’s what Wednesday’s meeting of the Medicinal Marijuana Review Panel could help correct. The hearing is an outgrowth of a 2014 lawsuit that challenged the unacceptably long implementation process.

In July the state health department sought written requests for illnesses to be added to the eligibility list, and among those offered were conditions generating chronic pain such as osteoarthritis and Lyme disease. In September Christie surprised many by making medical marijuana available to post-traumatic stress disorder sufferers, the first new condition added under the law.

The review panel should follow that lead, even if Christie would rather it not. We’ve come a long way in our understanding of the pros and cons of marijuana use for medicinal purpose. Public support to broaden legalization continues to grow across the nation. We continue to oppose it in New Jersey, although attempts to legalize it here are sure to intensify once Christie leaves office.

In the meantime, however, many New Jerseyans with chronic pain can receive the kind of relief from medicinal marijuana they cannot get from any other drug. In many cases pot does a better job reducing the pain, and without unwanted side effects. Limiting its benefits because of outdated notions about the dangers of marijuana use is misguided.

The hearing will begin at 10 a.m. Wednesday in Trenton, at the War Memorial, Turning Point Conference Room at 1 Memorial Drive.

Source: http://www.app.com/story/opinion/editorials/2017/02/21/medical-marijuana-new-jersey-health-conditions/98212062/

Marijuana Company of America Transitions into Cultivation and Processing With New Agreement $MCOA.us

Posted by AGORACOM-JC at 8:51 AM on Wednesday, February 15th, 2017

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  • Entered into a non-binding Letter of Intent  while performing due diligence to finalize a joint venture agreement with Bougainville Ventures, Inc.
  • For the purpose of housing tenant growers engaging in the cultivation, processing and commercial availability of legal marijuana in the State of Washington
  • MCOA will invest up to $1 million in cash in a newly formed entity and receive 50% equity ownership and 50% share in net profits produced by the joint venture
  • Bougainville Ventures, Inc. will contribute its expertise in establishing facilities related to the production, processing and management for tenant growers utilizing an I-502 Tier 3 license, with leased property, established partnerships, licensing agreements and marketing relationships

BONSALL, CA–(Feb 15, 2017) – MARIJUANA COMPANY OF AMERICA (“MCOA” or the “Company”) (OTC: MCOA), an innovative cannabis and hemp marketing and distribution Company, is pleased to announce that it has entered into a non-binding Letter of Intent (“LOI”) while performing due diligence to finalize a joint venture agreement with Bougainville Ventures, Inc. (“BV”) for the purpose of housing tenant growers engaging in the cultivation, processing and commercial availability of legal marijuana in the State of Washington.

Subject to the execution of a final definitive agreement, the terms of the LOI are that MCOA will invest up to $1 million in cash in a newly formed entity and receive 50% equity ownership and 50% share in net profits produced by the joint venture. Bougainville Ventures, Inc. will contribute its expertise in establishing facilities related to the production, processing and management for tenant growers utilizing an I-502 Tier 3 license, with leased property, established partnerships, licensing agreements and marketing relationships.

Donald Steinberg, MCOA President and CEO said, “We are looking forward to getting seed in the ground and ramping up this partnership with Andy Jagpal and Bougainville Ventures. This partnership further strengthens our supply chain and enables MCOA to produce the highest quality products at the lowest possible prices.”

“We couldn’t be happier than to have aligned ourselves with the outstanding team at MCOA,” said Jagpal, President of Bougainville Ventures, Inc. “With the management expertise that the highly skilled professionals at MCOA bring, we have insured the certainty of expanding our Washington State Greenhouse Campuses while achieving our revenue and profitability goals.”

This joint venture project is solely for the purpose of cultivation, processing and commercial availability of legal marijuana within the State of Washington only and not beyond its borders.

“As each new partnership is formed, synergistic benefits will develop organically,” said Steinberg. “Our human, agricultural and technical resources will expand with the end result being the ability to cultivate superior products for the cannabis consumer in each state in accordance with their respective laws.”

With more than half of the United States now allowing for some form of legal medicinal or recreational cannabis use, there is an urgent need to establish cutting edge cultivation facilities and programs to service the continually growing demand for cannabis and CBD products.

“Knowing how to manage the many individual cannabis markets effectively and simultaneously will be the key to success for MCOA’s national rollout,” said Steinberg. “By integrating and aggressively harnessing the collective resources of our companies, we are confident that we will be making a significant impact on sales and distribution in Washington State.”

ABOUT BOUGAINILLE VENTURES, INC.
Bougainville Venture Inc. is in the core business of converting irrigated farmland that was traditionally used to grow marginally profitable feed crops, to greenhouse-equipped farmland used to grow luxury crops with a primary focus on marijuana. Bougainville is an agricultural services company that focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities. Bougainville offers fully built out turnkey solutions to licensed I-502 tenant-growers and luxury crop growers who will lease the facilities for production and processing. Bougainville does not “touch the plant” and only provides growing infrastructure as a landlord for licensed marijuana growers in the state of Washington. Bougainville has a strong management team with relevant experience and education in place with a focus on build-out and occupancy of its planned greenhouses in Oroville, WA. Strategic plans to expand its land bank, greenhouse campus and I-502 tenant-grower clients are scheduled for expanding operations.

SAFE HARBOR STATEMENT
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information, please visit the Company’s websites at:

MarijuanaCompanyofAmerica.com
hempSMART.com
agoracom.com/ir/MarijuanaCompanyofAmerica

Marijuana Company of America, Inc.
Investor Relations
888-777-4362
ir@mcoa.club

Marijuana Company of America Engages 420 Pros to Manage Branding and Marketing

Posted by AGORACOM at 12:13 PM on Wednesday, February 8th, 2017

Marijuana Company of America (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp marketing and distribution company, is pleased to announce that it has retained the services of 420 Pros to provide branding and marketing services for MCOA, targeting the investment community, hempSMART (non-THC cannabinoid consumer market) and Club Harmoneous (THC consumer market).

420 Pros is in the process of redesigning the MCOA, hempSMART and Club Harmoneous websites for a targeted relaunch date of February 27th, 2017. 420 Pros is also in the process of developing comprehensive marketing materials for all three companies as well as designing an Expo Booth for the MCOA companies to attend the various industry expos and conferences. 420 Pros is also developing email and social media campaigns as well as traditional ad placement in industry magazines and banner ads on relevant industry websites.

The Company is also in the process of converting to a new more robust network marketing platform from Multisoft that will enable affiliate leaders to more effectively build and monetize their downlines. The anticipated launch of the new platform will be coordinated with the relaunch of the Company’s websites on or about February 27th.

Mr. Steinberg, MCOA President and CEO, commented, “These two new important relationships will provide new pillars to support the foundation on which we will continue to build a strong company with a long-term vision in an emerging industry that is still in its infancy.”

“We look forward to collaborating and working with the MCOA, and hempSMART team. They have an innovative and original business model that we want to educate the public about. This company is on the cutting edge of the new marijuana market,” said Matt Rosen, President of 420 Pros.

ABOUT 420 PROS

420 Pros is a marketing company that specializes in branding, product development and marketing. They create turnkey solutions and web development packages for cannabis businesses. Their internal network of over 500 cannabis domain names allows them to promote cannabis brands across a spectrum of demographics tailored specifically to the needs of their audience. 420 Pros has developed and worked with some of the top names in the cannabis industry, and represents many celebrity projects trying to bring exciting new formulations, packaging and promotion to their clients.

SAFE HARBOR STATEMENT

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
agoracom.com/ir/MarijuanaCompanyofAmerica
Contact:
Marijuana Company of America, Inc.
Investor Relations
888-777-4362
ir@mcoa.club

Marijuana Company of America Has Engaged Auditing Firm to Prepare for Move to Fully Reporting Public Company $MCOA.us

Posted by AGORACOM-JC at 10:00 AM on Tuesday, December 27th, 2016

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  • Engaged L&L CPAs, PA as its independent audit firm to complete a two-year audit of the Company’s financial statements as part of the process of preparing to become a fully reporting public company with the intent of uplisting to a higher reporting exchange
  • Newly engaged auditors are working together with the Company’s legal counsel to complete the necessary procedures to file a registration statement with the Securities and Exchange Commission

BONSALL, CA–(Dec 27, 2016) – MARIJUANA COMPANY OF AMERICA INC., (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp marketing, consulting and distribution company, has engaged L&L CPAs, PA as its independent audit firm to complete a two-year audit of the Company’s financial statements as part of the process of preparing to become a fully reporting public company with the intent of uplisting to a higher reporting exchange.

The newly engaged auditors are working together with the Company’s legal counsel to complete the necessary procedures to file a registration statement with the Securities and Exchange Commission. When completed and filed with the Commission, this will represent a significant step toward our efforts to enhance long-term shareholder value, while attracting a broader and more diverse shareholder base.

“Our goal is to be a fully transparent reporting public company,” said the Company’s CEO, Donald Steinberg. “As we grow and take these major steps, we want our shareholders to be well-informed about our plans and our progress. By becoming a fully-reporting, transparent public company, we may be better positioned to enhance stock liquidity and attract institutional investors, which will fundamentally enhance the value of our Company.”

Once the audit is completed over the next several months, the Company will have a better idea which stock exchange is most appropriate for the Company. “Our goal is to be fully reporting on the most reputable exchange we qualify for, so our shareholders have all the information they need to follow our progress in detail,” said Mr. Steinberg.

L&L CPAs, PA is registered with the PCAOB and is experienced in conducting audits of public companies in the cannabis industry. Completing this audit will help ensure the accuracy and completeness of the Company’s financial information, and also help to identify and strengthen internal controls over financial reporting.

About Marijuana Company of America Inc.

Marijuana Company of America (“MCOA”) is a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis.

SAFE HARBOR STATEMENT:

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
agoracom.com/ir/MarijuanaCompanyofAmerica

Investor Relations
888-777-4362
ir@mcoa.club

More than $1 billion of marijuana sold in Colorado in 2016 $TBP.ca $MCOA.us

Posted by AGORACOM-JC at 4:23 PM on Tuesday, December 13th, 2016
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  • Last year, the marijuana industry created 18,000 full-time jobs and generated $2.39 billion in economic activity in the state.
  • Recreational and medical cannabis shops have sold more than $1 billion of marijuana and related products so far in 2016, already surpassing last year’s total of $996,184,788

(CNN) It’s always 4/20 somewhere — at least in Colorado. The state’s marijuana shops have reached a massive new milestone: $1 billion in legal, regulated sales in the first 10 months of 2016.
Voters legalized marijuana in Colorado back in 2012, but the dispensaries didn’t open until 2014Last year, the marijuana industry created 18,000 full-time jobs and generated $2.39 billion in economic activity in the state.

And the boom is still growing. According to new data from the state’s Department of Revenue, recreational and medical cannabis shops have sold more than $1 billion of marijuana and related products so far in 2016, already surpassing last year’s total of $996,184,788.

Attorney Christian Sederberg, partner at Vicente Sederberg, played an integral part in Colorado’s Amendment 64, which legalized marijuana in the state. He is estimating that sales of pot will reach $1.3 billion by the end of this year, which could have a total economic impact of over $3 billion.
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“This milestone continues to show that the cannabis industry in Colorado is an engine of growth for the economy, a job creator, and one of the biggest industries in the state,” Sederberg told CNN. “People were consuming cannabis before, but now they are buying it from tax-regulated businesses that are benefiting the economy. This has replaced an underground, illegal market.”
Sederberg says that marijuana has become one of the largest industries in Colorado, and certainly the fastest growing.
“From 2015 to 2016, there has been a 53% increase in retail sales and a 9% increase in medical sales,” he said. “Medical sales are growing at a much slower rate, but recreational sales will continue to grow in the double digits.”

All-time high

Marijuana sales in Colorado hit an all-time high in September 2016, generating $127.8 million, according to The Cannabist, a Colorado-based news site covering the industry. But October’s numbers are still sizable: Shops sold nearly $82.8 million of recreational cannabis and $35 million of medical marijuana.
Colorado has three different taxes on recreational marijuana — a standard 2.9% sales tax, a special 10% sales tax, and a 15% excise tax on wholesale transfers, which go towards schools. The state collected just over $6 million from the excise tax, bringing the yearly total to $49.7 million, The Cannabist tallied.
Of that, the first $40 million will go towards school construction projects, and any additional tax revenue from the excise tax will go directly to the state’s public school fund.
In this past election, California, Massachusetts, Nevada, and Maine all approved legal sales of recreational marijuana. Medical marijuana is now legal in more than half of US states. In total, marijuana sales could expand the national market to $21 billion by 2020. That is up from $5.7 billion last year and an expected $7.9 billion this year.
But in the eyes of the federal government, marijuana is still an illegal substance. The Drug Enforcement Administration classifies marijuana as a Schedule 1 drug, the same as heroin, LSD, and ecstasy.
Source: http://edition.cnn.com/2016/12/13/health/colorado-marijuana-sales-trnd/

Marijuana Company of America Transitions From the Development Stage to a Revenue Generating Company $MCOA.us

Posted by AGORACOM-JC at 11:10 AM on Thursday, November 17th, 2016

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  • MCOA has now commenced generating revenue and started to ship orders for its hempSMART Brain product
  • Donald Steinberg, the Company’s CEO, remarked: “Reporting revenue results to our current and prospective shareholders is an important step as the company continues to expand its footprint across America. Now that we have laid the groundwork for our affiliate program in the U.S., MCOA’s goal is to utilize its global contacts and networks to begin to expand the hempSMART brand in other countries. In the past, I have developed one of the largest affiliate marketing programs in the world, with offices in over 50 countries and an affiliate base of over 100,000 members. I will leverage that experience as we expand the hempSMART brand.”

BONSALL, CA–(Marketwired – Nov 17, 2016) –  MARIJUANA COMPANY OF AMERICA INC., (“MCOA” or the “Company”) (OTC PINK: MCOA), an innovative cannabis and hemp development and distribution company, is pleased to announce that after many months of research and product development and business planning, MCOA has now commenced generating revenue and started to ship orders for its hempSMART Brain product.

Donald Steinberg, the Company’s CEO, remarked: “Reporting revenue results to our current and prospective shareholders is an important step as the company continues to expand its footprint across America. Now that we have laid the groundwork for our affiliate program in the U.S., MCOA’s goal is to utilize its global contacts and networks to begin to expand the hempSMART brand in other countries. In the past, I have developed one of the largest affiliate marketing programs in the world, with offices in over 50 countries and an affiliate base of over 100,000 members. I will leverage that experience as we expand the hempSMART brand.”

Tim Altvater, the Company’s marketing director, commented, “The hempSMART product roll-out is a marketer’s dream come true – especially for those of us in the direct sales industry. Now we can focus on the growth of our affiliate network as people begin to use and share their experiences with hempSMART Brain and the benefits of the hempSMART compensation and rewards program. The ability for entrepreneurs to represent the highest quality products, backed by science, to consumers that are in need and seeking them is the driver for our industry’s continued growth and appeal. We’re poised to see unprecedented growth as we finish 2016 strong!”

The Company’s inaugural product, hempSMART Brain, is formulated with CBD or Cannabidiol as the core ingredient combined with high quality branded ingredients to compliment the CBD to support brain health. hempSMART Brain is formulated to meet the growing demand for neutraceutical products that assist in brain function. This is a first-of-its-kind product with a synergistic blend of natural brain support ingredients, blended with water soluble CBD to provide optimal bioavailability for brain support and protection.

Investors are invited to visit the MCOA IR Hub on Agoracom to post questions and receive answers, or review questions and answers already posted by fellow investors. In addition, the MCOA IR HUB provides a monitored forum for investors and prospective shareholders to communicate within a clean, professional environment. Investors can also visit Uptick Newswire’s MCOA Investor Central to learn more about the Company.

About Marijuana Company of America Inc.

Marijuana Company of America (“MCOA”) is a publicly traded company headquartered in Southern California. MCOA will distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis.

About hempSMART

The hempSMART brand represents MCOA’s non-THC, hemp derived, product line. All hempSMART products are formulated with a cannabinoid base that is derived from hemp and has less than a .3% THC content.

About Club Harmoneous

Club Harmoneous (The Club) delivers all of the benefits of cannabis to its members harmoneously. The Club provides a wide range of cannabis products to its members, medicinal, adult use or healthy foods, body care and cosmetics. The Club products are top-quality and offered to members at competitive prices with the convenience of home delivery.

FORWARD-LOOKING DISCLAIMER

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Marijuana Company of America, Inc. to be materially different from the statements made herein.

LEGAL DISCLOSURE

Marijuana Company of America Inc. will provide management services that assist legal businesses to cultivate, sell, and distribute hemp and marijuana based products within the legal guidelines of individual states and international markets. hempSMART products are derived from Hemp and contain than a .3% THC content.

For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
Agoracom.com/ir/MarijuanaCompanyofAmerica
UptickNewswire.com/Investor-Central-MCOA
Marijuana Company of America Inc.
Investor Relations
888-777-4362
ir@mcoa.club