MCOA - Marijuana Company of America, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.0135
-0.0001 (-1.10%)
At close: 3:57PM EDT
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Trade prices are not sourced from all markets
Previous Close0.0137
Open0.0140
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0134 - 0.0140
52 Week Range0.0103 - 0.0499
Volume4,530,600
Avg. Volume11,856,509
Market Cap37.6M
Beta (3Y Monthly)-6.96
PE Ratio (TTM)N/A
EPS (TTM)-0.0080
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.07
  • GlobeNewswire5 days ago

    Marijuana Company of America Announces 504% Year-Over-Year Revenue Increase for First Quarter 2019 Financial Results

    ESCONDIDO, Calif., May 21, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – MARIJUANA COMPANY OF AMERICA, INC. (“MCOA” or the “Company”) (MCOA), an innovative hemp and cannabis corporation, today reported its financial results for the first quarter ended March 31, 2019. Total revenues were $114,810 for the quarter ended March 31, 2019, compared to $19,010 for the same period prior year, representing a 504% increase year-over-year. The increase was driven by growth in demand and sales of its hempSMART products in conjunction with the Company’s global expansion program.

  • Benzinga11 days ago

    Marijuana Company Of America Signs LOI For Hemp Farming Cultivation

    Marijuana Company of America and Essence Farms signed a letter of intent to establish a joint venture called Riverside Hemp Project. Under the terms of the agreement, Marijuana Company of America will provide hemp seeds, genetics, as well as management of operations and standard operating procedures.

  • GlobeNewswire12 days ago

    Marijuana Company of America Signs Letter of Intent to Cultivate Large Hemp Farm in California

    ESCONDIDO, Calif., May 14, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- MARIJUANA COMPANY OF AMERICA, INC., (“MCOA” or the “Company”) (MCOA), an innovative hemp and cannabis corporation, announced today that the Company has signed a Letter of Intent (“LOI”) with Essence Farms, LLC, (“Essence”) to form a joint venture (“JV”) called Riverside Hemp Project to run farming operations in California for the purpose of growing, cultivating, manufacturing, extracting and selling legal hemp and hemp-derived CBD. Through the agreement, Marijuana Company of America will provide hemp seeds, genetics, management of operations and standard operating procedures.

  • GlobeNewswire12 days ago

    Uptick Newswire Hosts Marijuana Company of America, Inc. on The Stock Day Podcast to Discuss Its Expansion in the Cannabis Industry

    Uptick Newswire Stock Day Podcast welcomed Marijuana Company of America, Inc. (MCOA)(“the Company”), a Company that specializes in the development of hemp-based products, as well as the expansion of its business into the growing hemp and cannabis market segments. Director, Robert Coale, joined Stock Day host Everett Jolly. Jolly began the interview by asking Coale how the Company stands out among others in the industry.

  • Newsfile18 days ago

    Marijuana Company of America's hempSMART Subsidiary Plans Separate Listing on the Vienna Exchange

    Escondido, California--(Newsfile Corp. - May 8, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, is pleased to announce that its wholly owned subsidiary, hempSMART, Ltd., is taking steps to list on the Vienna Stock Exchange (H Smart SARL), with the intention of raising sufficient capital to expedite the rollout of its hempSMART™ product line in Europe.Marijuana Company of America plans to sell a ...

  • GlobeNewswire18 days ago

    Marijuana Company of America’s hempSMART Subsidiary Plans Separate Listing on the Vienna Exchange

    ESCONDIDO, Calif., May 08, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (MCOA), an innovative hemp and cannabis corporation, is pleased to announce that its wholly owned subsidiary, hempSMART, Ltd., is taking steps to list on the Vienna Stock Exchange (H Smart SARL), with the intention of raising sufficient capital to expedite the rollout of its hempSMART™ product line in Europe. Marijuana Company of America plans to sell a minority interest of hempSMART, Ltd., currently engaged in developing and marketing the hempSMART brand in Europe, for up to $10 million. The Company expects that all of the necessary steps to trade on the Vienna exchange will be completed by the beginning of the third quarter of 2019.

  • Newsfile19 days ago

    Marijuana Company of America Issues 2019 Shareholder Letter

    Escondido, California--(Newsfile Corp. - May 7, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, today announces that on May 1, 2019, the Company mailed a letter to its shareholders to update them on recent developments and new business opportunities. In the letter, the Company provided a discussion on its two current acquisitions underway a review of its recent financial and operating performance and ...

  • Newsfilelast month

    Marijuana Company of America Appoints Edward Manolos to the Board of Directors

    Escondido, California--(Newsfile Corp. - April 24, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, is pleased to announce the appointment of Mr. Edward Manolos as an independent director.Mr. Manolos is one of the most accomplished pioneers in the medical marijuana industry, having opened the very first medical marijuana dispensary in Los Angeles County in 2004 called CMCA. He is also credited with starting ...

  • GlobeNewswirelast month

    Marijuana Company of America Completes Agreement for Cannabis Extraction, Distribution and Delivery Licenses

    ESCONDIDO, Calif., April 17, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (MCOA), an innovative hemp and cannabis corporation, is pleased to announce that the Company has officially acquired a 20% ownership interest in Natural Plant Extract of California (NPE). Under the terms of the agreement, Marijuana Company of America has committed to contribute $2,000,000 in total cash to the project, as well as common shares of the Company with a value of $1,000,000. In exchange, the Company will own a 20% equity position in NPE.

  • GlobeNewswirelast month

    Marijuana Company of America Reports 840% Year Over Year Revenue Growth for Year End 2018

    ESCONDIDO, Calif., April 15, 2019 (GLOBE NEWSWIRE) -- via NetworkWire — MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (MCOA), a vertically integrated hemp and cannabis corporation, is pleased to announce its financial results for the year ended Dec. 31, 2018, as reported in its annual report on Form 10-K. Gross profit for 2018 increased to $170,885, a 68% gross margin, compared to a gross margin of $12,536 for 2017, a 47% gross margin. For the year ended Dec. 31, 2018, the Company realized the following other one-time income items: Gain cancellation of debt of $1,500,000 and a gain of $560,000 from the change in value of its trading securities investment in Global Payout.

  • Newsfile2 months ago

    Marijuana Company of America Provides Update on Processing of Hemp from Oregon Joint Venture

    Escondido, California--(Newsfile Corp. - April 1, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, and its Joint Venture partner Global Hemp Group (CSE: GHG) (OTC: GBHPF) (FSE: GHG) (together with the Company, the "Partners") are pleased to announce that they are currently in negotiations with several cannabinoid extraction companies in Oregon, USA, regarding the acquisition of the joint venture's hemp biomass produced at ...

  • GlobeNewswire2 months ago

    Marijuana Company of America Provides Update on Processing of Hemp From Oregon Joint Venture

    ESCONDIDO, Calif., April 01, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (MCOA), an innovative hemp and cannabis corporation, and its Joint Venture partner Global Hemp Group (CSE: GHG/ OTC: GBHPF/ FRA: GHG) (together with the Company, the “Partners”) are pleased to announce that they are currently in negotiations with several cannabinoid extraction companies in Oregon, USA, regarding the acquisition of the joint venture’s hemp biomass produced at the Scio farm from the 2018 harvest. The team at the Scio farm has prepared processing samples ranging in size from 100 lbs to 2,000 lbs. for the extraction companies.

  • Newsfile2 months ago

    Marijuana Company of America Successfully Launches hempSMART CBD Products at UK Event

    Escondido, California--(Newsfile Corp. - March 28, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, is pleased to announce that the Company's wholly owned subsidiary, hempSMART, Ltd., has successfully launched sales of the hempSMART™ product line in the United Kingdom during the London event on March 23, 2019.The hempSMART UK team successfully sold out its entire promotional inventory at the launch event, which led ...

  • Is This Overlooked Marijuana Stock a Buy?
    InvestorPlace2 months ago

    Is This Overlooked Marijuana Stock a Buy?

    One of the pot stocks that's rarely discussed is Marijuana Company of America (OTCMKTS:MCOA). With its $40 million market cap, it's no wonder most forget about MCOA stock, but it's good to look at all our options in a market with this much potential.Source: Shutterstock The cannabis group has gotten a ton of exposure over the past six months, as investors grow more and more optimistic about its potential. We've seen more legalization, billions of dollars in partnerships and big moves in the stock prices. So what does MCOA stock do? The company says it performs, "product research and development of hemp-based consumer products under the brand name 'hempSMART,' containing CBD derived from Industrial Hemp targeting general health and well-being."Further, it operates an affiliate marketing program around its hempSMART brand, while also engaging in the leasing of property used to grow and/or sell cannabis and cannabis-related products where it is legal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 3 Gold Stocks That Should Glitter With Rising Gold Prices On paper, this sounds like a very solid business, does it not? Particularly in the budding cannabis space where major companies are still trying to get a piece of the action. Is MCOA Stock a Buy?I don't know.I hate to be that candid, but this one is bizarre. For starters, MCOA stock trades at a penny. That has to be an obvious warning sign right off the bat. When we dig through the most recent numbers -- which are for the quarter ending September 30th, 2018, by the way -- we see that revenue exploded to $90,300, from $2,930 in the same quarter a year ago.The massive jump in revenue is impressive but in fact, not surprising at all. While the growth rates are lower for companies like Tilray (NASDAQ:TLRY) and New Age Beverages (NASDAQ:NBEV), they are nonetheless impressive as well. There's clearly growth in the industry, but MCOA stock has other issues.Mainly, SG&A issues.In the quarter with just $2,930 in sales, the company had $700,000 in SG&A expenses. In the most recent quarter, those expenses only climbed to $728,250. However, it still left the company with an operating loss of more than $667,000.Interest expenses came in at more than $1.4 million for the quarter, and really, there are a lot of ups-and-downs on this income statement.For the last five quarters, here is the net income: ($3.44 million), ($10.36 million), $4.15 million, ($7.65 million) and $2.14 million. For such a little company, these are big swings.On the balance sheet, the company has roughly $67,500 in cash, a new short-term investment of $1.43 million and accounts receivable of just $2,150. As for the liability side, it has short-term debt of ~$173,000, accrued expenses of $243,720 and accounts payable of $558,290.On the plus side, there is no long-term debt, but this one is too volatile for me. Bottom Line on MCOA StockSo if the financials are too volatile, why is it an "I don't know" when it comes to an investment?For some investors, a one-cent stock is attractive as a flyer. I don't, personally, but others may find that a move from $0.0125 to $0.025 is a fun "lotto" play on the cannabis space.I don't view it that way and would rather go with a smaller investment in one of the more well-known companies. For instance, Canopy Growth (NYSE:CGC), which has Constellation Brands (NYSE:STZ) as a big investor, or Aurora Cannabis (NYSE:ACB), which counts Nelson Peltz as a newly-added advisor. NBEV also isn't a bad company. And don't forget Altria's (NYSE:MO) investment in Cronos Group (NASDAQ:CRON). * 7 Reasons to Buy Housing Stocks in 2019 All of these stocks have high valuations, but they also have massive growth ahead of them. This makes them a speculative and longer-term play, but if the current trends continue, they could grow into a great investment. The key for these companies is further legalization, both globally and in the U.S.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks With Key Products That Face an Uncertain Future * 7 SaaS Stocks to Buy for Long-Term Gains * 5 Semiconductor Stocks That Are Scorching Hot Buys Compare Brokers The post Is This Overlooked Marijuana Stock a Buy? appeared first on InvestorPlace.

  • GlobeNewswire2 months ago

    Marijuana Company of America Enters Strategic Partnership With MassRoots to Promote the hempSMART CBD Product Line

    ESCONDIDO, Calif., March 26, 2019 (GLOBE NEWSWIRE) -- via NetworkWire - MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (MCOA), an innovative hemp and cannabis corporation, is pleased to announce that the Company’s wholly owned subsidiary hempSMART™ has entered into a strategic marketing agreement with MassRoots, Inc. (MSRT) to promote its hemp CBD formulated product line. Under the terms of the agreement, MassRoots agreed to participate as an associate in the Company’s associate marketing platform, to help promote and sell hempSMART™ products on www.massroots.com, as well as MassRoots’ app and other social media outlets. "We're excited to begin educating MassRoots' community of over a million cannabis consumers about hempSMART's™ innovative line of CBD products," stated MassRoots' Chief Executive Officer Isaac Dietrich.

  • Newsfile2 months ago

    Marijuana Company of America Enters Strategic Partnership with Massroots to Promote the hempSMART CBD Product Line

    Escondido, California--(Newsfile Corp. - March 26, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, is pleased to announce that the Company's wholly owned subsidiary hempSMART™ has entered into a strategic marketing agreement with MassRoots, Inc. (OTCQB: MSRT) to promote its hemp CBD formulated product line. Under the terms of the agreement, MassRoots agreed to participate as an associate in the Company's associate marketing ...

  • Newsfile2 months ago

    Marijuana Company of America Announces Official Launch of hempSMART(TM) in the United Kingdom

    Escondido, California--(Newsfile Corp. - March 21, 2019) - MARIJUANA COMPANY OF AMERICA INC. (OTCQB: MCOA) ("MCOA" or the "Company"), an innovative hemp and cannabis corporation, is pleased to announce that its wholly owned subsidiary, hempSMART, Ltd., a corporation organized in the United Kingdom, will officially launch the Company's industrial hemp CBD formulated hempSMART™ products in the United Kingdom during the Company's March 23, 2019, launch event in London. The hempSMART™ launch event is sold ...

  • GlobeNewswire2 months ago

    Marijuana Company of America Announces Official Launch of hempSMART™ in the United Kingdom

    ESCONDIDO, Calif., March 21, 2019 (GLOBE NEWSWIRE) -- via NetworkWire – MARIJUANA COMPANY OF AMERICA INC. (“MCOA” or the “Company”) (OTC: MCOA), an innovative hemp and cannabis corporation, is pleased to announce that its wholly owned subsidiary, hempSMART, Ltd., a corporation organized in the United Kingdom, will officially launch the Company’s industrial hemp CBD formulated hempSMART™ products in the United Kingdom during the Company’s March 23, 2019, launch event in London.

  • TheStreet.com2 months ago

    Marijuana Co. of America Buys Distributor as California's Pot Market Grows

    has acquired a stake in Natural Plant Extract of California and its subsidiary, Northern Lights Distribution. Marijuana Co., a $21 million market cap cannabis marketing and distribution operation, will take a 20% stake in Natural Plant Extract, another distributor. Marijuana Co. will pay $2 million in cash and $1 million in stock, valuing the target company at $15 million.

  • MarketWatch2 months ago

    Marijuana Co. of America to buy 20% stake in NPE, to form Viva Buds JV for cannabis delivery

    Marijuana Co. of America Inc. announced Wednesday its intent to buy a 20% stake in Natural Plant Extract of California (NPE), and its plan to establish a joint venture operating a cannabis delivery service named Viva Buds. Under terms of a letter of intent, Marijuana Co. (MCOA) will contribute $2 million in cash and $1 million worth of its common stock. MCOA and NPE will share in the profits of Viva Buds. "This partnership will enable MCOA to establish itself as a major player in the cannabis arena," said MCOA Chief Executive Donald Steinberg. "All licenses are in place to allow for vertical integration from farm to consumer." MCOA's stock has tumbled 43.4% year to date, while the ETFMG Alternative Harvest ETF has soared 55.3% and the S&P 500 has gained 13.0%.