Marijuana Firm of America Inc. Publicizes Shareholder Letter to Replace Events on the Firm’s Present Methods

ESCONDIDO, Calif., Nov. 04, 2020 (GLOBE NEWSWIRE) — Marijuana Firm of America Inc. (“MCOA” or the “Firm”) (OTC: MCOA) at present releases the next shareholder letter from Firm founder Robert Hymers and CEO Jesus Quintero, offering shareholders a look on the Firm’s present methods and addressing considerations concerning inherited convertible debt.

To our shareholders,

As a pioneer within the CBD business, MCOA’s journey has centered on the event of high quality CBD merchandise. A lot of you have got traveled this highway with us, supporting our endeavors and watching the evolution of the hempSMART™ model; others of you might be unfamiliar with our background. To totally perceive the place MCOA at present stands and the way we intend to get the place we WANT to be, it’s vital to know our historical past. Like all enterprise, MCOA’s roadmap is flagged with achievements and challenges, the remnants of which stay at present.

Advertising Technique Primarily based on Credibility

When MCOA was based in 2015, the 2018 Farm Invoice was three years away, client curiosity in CBD was minimal, and banking for hashish corporations was nearly unattainable. As a creator of CBD merchandise, MCOA’s problem was to create consciousness and a bridge of acceptance to CBD and hemp in each client and investor circles. Earlier MCOA administration rose to the problem, however not with out investing an exorbitant quantity of capital in advertising and marketing and model constructing.

As consciousness elevated, “CBD” and “hemp” turned widespread advertising and marketing buzz phrases, and administration used that leverage to draw customers. It was a feeding frenzy, and the hashish sector exploded with development. MCOA additionally benefitted, after all, having constructed via years of exhausting work and expense, unbelievable intangible worth as a pioneer within the business. We’re happy to notice that MCOA did loads of heavy lifting for the entire sector, when it comes to client schooling and acceptance.

The “development” of CBD and hemp have since expired, nonetheless, and the Firm’s early methods and initiatives created almost $3.5 million of poisonous convertible debt, which we are going to talk about additional within the letter.

Certainly one of my first duties after being appointed CEO in December 2019, was to overtake MCOA’s advertising and marketing technique and lead us to profitability. Slightly than utilizing buzz phrases to market our hempSMART™ model, we are going to emphasize the standard of our CBD merchandise, shifting the limelight to the merchandise themselves.

MCOA gives natural, pure, high-quality CBD merchandise, and that’s what customers must know. We make investments additional funds to double-test our merchandise, which is uncommon within the well being and wellness business, making certain the integrity of our merchandise is stable. Once we ship hempSMART™ merchandise to a client, we all know it’s backed with belief and credibility.

At present, we’re dedicated to offering CBD merchandise that enhance the lives of customers, elevating hempSMART™ as a trusted legacy model. The advertising and marketing philosophy of earlier administration is gone. Our new technique is to leverage the credibility of our merchandise to pursue worldwide growth and attain greater audiences.

Debt Discount Technique

Of higher significance than a shift in advertising and marketing is the change of tradition. Earlier administration was recognized for promoting stake within the Firm, the optics of which had been dangerous for the market. We wish to guarantee you that underneath present administration, we, as the present administration, have a minimal purchase/promote historical past and the frequent promoting of shares held by the previous govt crew should not a part of our recreation plan.

We’ve got salvaged key property of the Firm, pivoting our gross sales technique from capital-intensive internet affiliate marketing, which was initially used to lift model consciousness. On the time, the MLM construction made sense. Nonetheless, it carried a heavy price ticket.

Due to this mannequin and investments in a number of since-failed ventures, my appointment as CEO carried with it $3.5 million of poisonous, convertible debt. The Firm continues to be laden with that debt, however we see it as a possibility to vary gears and exhibit our dedication to the way forward for MCOA. Although this debt impacts our potential to lift extra capital, we now have efficiently cycled via almost half our legacy debt, preserving MCOA out of chapter and ensuring it stays related to the funding neighborhood.

Our quarterly filings exhibit our potential to scale back debt. As you’ll see, underneath new administration, MCOA’s debt has gone just one path: down.

Addressing Concern of Capital Construction

We additionally wish to handle concern that our fundraising initiatives will contribute new convertible debt and have an effect on share costs. Briefly, we now have transitioned from debt financing to fairness financing, which is much less dilutive to our shareholders.

We consider {that a} well being capital construction is constructed with fairness, not debt. Thus, we’re pivoting away from large debt financing and towards fairness financing, which may be seen by the current S1 Registration assertion.

See our filings right here: https://www.marijuanacompanyofamerica.com/traders/sec-filings.

Outlook for 2021

Our main purpose in 2021 might be to increase our market attain into South America and Europe, and that is an initiative we now have already set in movement. We see important alternative for our hempSMART™ CBD merchandise in these markets and can make the most of present enterprise contacts and relationships to convey this plan to fruition.

We worth your assist as we mitigate inherited challenges to determine MCOA and the hempSMART™ model as an business icon.

We’re optimistic that the way forward for MCOA is stronger than even the very best day of its previous.

Sincerely,

Jesus M. Quintero, CEO and Robert Hymers, Founder

About Marijuana Firm of America, Inc.
MCOA is an rising business chief with focus in product growth and gross sales & advertising and marketing with its proprietary botanical elements authorized hemp-based cannabidiol (“CBD”) high quality merchandise underneath the model identify “hempSMART™”.  The Firm’s premium high quality merchandise are double lab examined for purity and efficiency and bought to wholesalers, distributors, by way of on-line e commerce client platform, and a confirmed community internet affiliate marketing program.  The Firm just lately introduced plans for worldwide gross sales, manufacturing, and advertising and marketing growth. For extra data, please go to: https://www.marijuanacompanyofamerica.com/

About hempSMART Merchandise Containing CBD
The USA Meals and Drug Administration (FDA) has not acknowledged CBD as a secure and efficient drug for any indication. Our merchandise containing CBD derived from industrial hemp should not marketed or bought primarily based upon claims that their use is secure and efficient remedy for any medical situation as medication or dietary dietary supplements topic to the FDA’s jurisdiction.

About Hashish World, Inc.
Hashish World, Inc., previously often called MCTC Holdings, Inc., is a completely audited and reporting Firm with the U.S. Securities & Trade Fee, buying and selling with the inventory image CBGL. The Firm is an rising drive in cannabinoid sciences and extremely bioavailable hemp and hashish infusion applied sciences. The Firm has an actively rising portfolio of hashish investments and mental property, having filed six provisional patents relative to the areas of cannabinoid supply methods and cannabinoid polymeric nanoparticles. The Firm markets its client merchandise underneath the Hemp You Can Really feel™ model identify. Hashish World launched its Undertaking Varin early in 2020, to develop new supply strategies for uncommon cannabinoid Tetrahydrocannabivarin (THV-C) and develop merchandise primarily based on this and different uncommon cannabinoids.

Ahead Wanting Statements
This information launch comprises “forward-looking statements” which aren’t purely historic and will embrace any statements concerning beliefs, plans, expectations or intentions concerning the longer term. Such forward-looking statements embrace, amongst different issues, the event, prices and outcomes of latest enterprise alternatives and phrases equivalent to “anticipate”, “search”, intend”, “consider”, “estimate”, “count on”, “mission”, “plan”, or comparable phrases could also be deemed “forward-looking statements” inside the that means of the Non-public Securities Litigation Reform Act of 1995. Precise outcomes might differ from these projected in any forward-looking statements attributable to quite a few elements. Such elements embrace, amongst others, the inherent uncertainties related to new initiatives, the longer term U.S. and world economies, the influence of competitors, and the Firm’s reliance on present rules concerning the use and growth of cannabis-based merchandise. These forward-looking statements are made as of the date of this information launch, and we assume no obligation to replace the forward-looking statements, or to replace the explanation why precise outcomes might differ from these projected within the forward-looking statements. Though we consider that any beliefs, plans, expectations and intentions contained on this press launch are cheap, there may be no assurance that any such beliefs, plans, expectations or intentions will show to be correct. Buyers ought to seek the advice of the entire data set forth herein and must also consult with the chance elements disclosure outlined in our annual report on Type 10-Ok, our quarterly reviews on Type 10-Q and different periodic reviews filed from time-to-time with the Securities and Trade Fee. For extra data, please go to www.sec.gov.

Contact:
Tel: 888-777-4362
[email protected]
https://www.marijuanacompanyofamerica.com/

SOURCE Marijuana Firm of America, Inc.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Kibo Code Quantum Overview & $6,752 Bonus by Digital...

Veteran Ecommerce Specialists Steve Clayton & Aidan Sales space formally opened enrollment for the absolutely upgraded “Kibo Code Quantum System”. By means of unique mentorship,...

Four Efficient Methods to Assist Pivot Your Integration Enterprise...

In 1884 in a small city in Hassroun, Lebanon an eleven-year-old boy, Thannous Michael Saadi, made the courageous and pivotal life determination to depart...

How Choices Buying and selling Might Be Fueling a...

The inventory market is close to file highs, and optimism abounds. Coronavirus vaccines are lastly being jabbed into arms. Rates of interest are at...