Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA) today announced the company’s hempSMART(TM) product sales and other financial highlights for the second quarter ending June 30, 2019. According to the update, total revenues of hempSMART(TM) products for the second quarter of 2019 were $208,580 as compared to $28,435 from the prior year, representing a significant 633.5 percent year-over-year increase. “Our second quarter of 2019 has been our most successful quarter to date at hempSMART. We continue to generate strong sales and momentum in Q3 with over $100K in gross sales for just the month of July,” MCOA CEO Donald Steinberg said in the news release. “We expect to see sustainable demand for our uniquely formulated hempSMART(TM) CBD product brand in the coming quarters. MCOA will continue to expand our hempSMART brand in the United States as well as internationally in the European marketplace.”
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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.
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