Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today issued a letter to shareholders providing highlights of the company’s recent achievements, approved reverse split and outlook. “During the past year, we have made tremendous strides in our laying the foundation for our acquisition strategy by making accretive acquisitions, thus improving revenues and overall performance at MCOA. We continue to build on this strategy in order to ensure ongoing growth in shareholder value,” stated Jesus M Quintero, chairman of the board and CEO. “To continue to embark on our strategy, we have elected to conduct a reverse stock split in order to reduce the number of outstanding shares in the market. We believe that consolidating our shares, thus making them proportionally more valuable, should potentially enhance our stock price and put us in a position of strength for negotiations as we continue to explore the many distressed assets available to acquire in cannabis.”
To view the full press release, visit https://ibn.fm/zgELO
About Marijuana Company of America Inc.
Marijuana Company of America operates, invests, and acquires exclusively companies in the cannabis sector. The company is a multistate (licensed) operator and the parent company within the cultivation, distribution and international consumer product sectors. For more information, visit www.MarijuanaCompanyofAmerica.com.
NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://ibn.fm/MCOA
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