Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) on Wednesday issued an update to its previously disclosed reverse stock split. According to the update, the reverse split is not effective July 31, 2019 as previously stated in the company’s press release dated July 3, 2019 and corresponding Form 8-K filed with the Commission. MCOA filed its notice of corporate action with the Financial Industry Regulatory Authority (“FINRA”), which is continuing its review of the action, as well as its Form 14C with the Commission disclosing the corporate action by consent of its majority stockholders. The reverse split will occur at a future date, pending the Commission’s review of the Form 14C, FINRA’s review of the proposed reverse split, and the mailing of the information statement to the company’s shareholders.
To view the full press release, visit http://nnw.fm/s1hLW
About Marijuana Company of America Inc.
MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART, which targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry as the legalized markets and 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://nnw.fm/MCOA
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