Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, on Wednesday announced the CEO’s overview that highlights the company’s 2019 performance and optimistic outlook for fiscal year 2020. According to the update, MCOA expects to close 2019 with gross sales of approximately $650,000 compared to sales of $252,135 in 2018. The company attributes the 258% year-over-year increase in sales to its successful marketing efforts in Europe and growth of its affiliate base in the U.S. “MCOA has never been better positioned to take advantage of the numerous opportunities in the cannabis sector than it is now. We believe there is going to be a significant shakeup in the cannabis sector in 2020, and MCOA is prepared to take advantage of the numerous opportunities that will be available,” MCOA Chief Executive and President Jesus Quintero said in the news release. “We are going to be focused on streamlining our core business operations, increasing sales, and pursuing some M&A activity with distressed assets that fit our portfolio parameters. In 2020, our shareholders will notice radical change at MCOA. The company will have an entirely different culture, new leadership, and new business models and make strategic acquisitions as we position ourselves for what we expect will be a breakout year – it’s a new day at MCOA!”
To view the full press release, visit http://cnw.fm/Q9mQj
About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART(TM)” that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.
NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://cnw.fm/MCOA
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