NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Files Application to Uplist to OTCQB Venture Market

Innovative hemp and cannabis corporation Marijuana Company of America Inc. (OTC: MCOA) this morning announced that it has filed an application with the OTC Markets Group to uplist to the OTCQB Venture Market. Additionally, the company intends to file a Form S-1 with the Securities and Exchange Commission in conjunction with an anticipated equity line of financing that will allow MCOA, once the S-1 is effective, to raise up to $10 million. Per the update, the company’s application to uplist to the OTCQB Venture Market is a condition for both the equity line of financing and the Form S-1 registration statement. “Our goal is to obtain the necessary capital through our S-1 to capitalize on the host of opportunities available in the cannabis and hemp industry right now,” Donald Steinberg, president and CEO of MCOA, stated in the news release. “Also, moving to a higher OTC Markets reporting tier will help to provide better access to institutional investors, broaden our shareholder base, and provide greater credibility with the Company’s partners, clients, stakeholders, and customers, as well as with the wider investment community.”

To view the full press release, visit http://nnw.fm/rC2qB

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”, 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) 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

More from NetworkNewsBreaks

NetworkNewsBreaks – Earth Science Tech, Inc. (ETST) In Talks with CBD Grower & Processor About a Potential Exclusive Agreement NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters JV Targeting Mexican Medicinal Cannabis Market NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Posts Corporate Video Featuring its Refinery

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

More News From Asean Coverage

China's growth slows as officials try to reassure investors

Oct 19, 2018

BEIJING — China reported economic growth sank to a post-global crisis low as finance officials launched a media blitz Friday to shore up confidence in its sagging stock market. Growth in the quarter that ended in September slipped to 6.5 percent over a year earlier from the previous quarter's 6.7 percent, official data showed. It was the slowest rate since early 2009. The world's second-largest economy already was cooling before a tariff war between Beijing and President Donald Trump erupted. Beijing tightened controls on lending last year to rein in a debt boom. That has weighed on housing sales and...

US and South Korea again call off a major military exercise

Oct 19, 2018

SINGAPORE — The United States and South Korea are scrapping another major military exercise this year, a Pentagon official said Friday, citing a push for diplomatic progress with North Korea. The top Pentagon spokeswoman, Dana W. White, said Washington and Seoul are suspending an air exercise known as Vigilant Ace "to give the diplomatic process every opportunity to continue." It was the latest move aimed at trying to nudge North Korea into negotiating about giving up its nuclear weapons in a way that can be verified. Vigilant Ace is an annual exercise last held in December 2017. White said Mattis...

Japan orders maker to fix questionable quake shock absorbers

Oct 19, 2018

TOKYO — The Japanese government on Friday ordered a company that falsified quality data for earthquake "shock absorbers" used in hundreds of buildings to speed up an investigation and fix any problems quickly. KYB Corp. said this week that it and a subsidiary had been faking data on the equipment designed to absorb quake shakings since the early 2000s. The materials allegedly were used in some venues for the Tokyo 2020 Olympics, including a swimming pool that is under construction, and the Tokyo Skytree, the city's landmark 634-meter (2,080-foot)-high broadcast tower. It's the latest in a slew of data manipulation...

China says ex-Internet czar on trial over corruption charges

Oct 19, 2018

BEIJING — China's former internet censor, who once held high-profile meetings with industry leaders such as Apple CEO Tim Cook and Facebook founder Mark Zuckerberg, was standing trial Friday on corruption allegations, state media reported. Lu Wei is accused of accepting 32 million yuan ($4.6 million) in bribes and has admitted to his crimes and expressed remorse, according to state broadcaster CCTV. It said his trial began Friday in the eastern city of Ningbo. China has 700 million people online, but it heavily censors content, especially that of a political nature, along with sites related to gambling, drugs and pornography....

Brit, Canadian face 10 years in jail for spraying Thai wall

Oct 19, 2018

BANGKOK — A Briton and Canadian face up to 10 years in prison on charges of spraying paint on an ancient wall in northern Thailand, police said Friday. Security camera footage purportedly showed Furlong Lee and Canadian Brittney Lorretta Katherine Schneider, both 23, spraying a message on the walls of the Tha Pae Gate in the northern province of Chiang Mai at around 4 a.m. Thursday. Pol Col. Teerasak Sriprasert, chief of the Chiang Mai police, said that the tourists are in custody and have been charged with vandalizing registered ancient artifacts, which carries a penalty of up to 10...