Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today announced the financial results for the first quarter ended March 31, 2022. Among the highlights, the company reported revenues of $561,321 and $34,930 for the three months ended March 31, 2022, and 2021, respectively. The 1,507% increase is primarily attributed to the company’s new acquisition of cDistro, which distributes CBD and hemp products throughout the United States. “This first quarter demonstrates that we are off to an exciting start of 2022. This represents our second consecutive quarter with record revenue growth,” said MCOA’s Chief Executive Officer Jesus Quintero. “Our growth is expected to continue to accelerate into the next quarter as we continue to grow our business. We also remain active in strategic acquisitions that fall into diversified cannabis categories and continue to pursue deals to build scale in our existing markets while continuing to look at opportunities that continue to grow our national footprint in the U.S., as well as in emerging markets such as Brazil and Uruguay.”
To view the full press release, visit https://ibn.fm/AJNIY
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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