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Marijuana Company Of America Inc (OTCMKTS: MCOA) Reports a spectacular 223% increase in current assets

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Marijuana Company Of America Inc (OTCMKTS: MCOA) has reported a spectacular 223% increase in gross assets in the quarter ended March 31, 2021.

Highpoints from the Quarter Concluded March 31, 2021

  • Existing assets swelled to $1,738,978 as of March 31, 2021, compared to $537,593 on December 31, 2020, signifying a spectacular 223% growth in only three months.
  • Cash at the end of the first quarter of 2021 was $639,983 compared to $55,251 at the finish of December 31, 2020, providing the company with more reserves for purchases and processes.
  • Full relocation to e-commerce auctions platform began in Q1
  • Rebranding of hempSMART™ CBD Produces to Encourage Mental and Bodily Wellness
  • Titled Board Member Marco Guerrero as Executive Vice president of the company’s hempSMART™ Brazil and hempSMART™ Uruguay divisions.
  • Signed Tactical Collaboration Contract with Eco Innovation Group Inc. (OTCMKTS: ECOX)
  • Released hempSMART Powder Mix Drink, a powdered premium CBD drink

MCOA’sMCOA’s Chief Executive Officer, Jesus Quintero, said, “We are delighted with all the exertions and accomplishments we achieved during the first quarter. It was a busy quarter as we began our global sales efforts, rebranded our hempSMART products, and for the first time commenced our e-commerce platform.” He added,” “We are perched for growth and have the needed capital to organize to acquire key purchase targets. Our total assets nearly doubled in the last three months since year-end, notwithstanding the challenges of functioning during the epidemic. We anticipate sales to surge during the rest of 2021 as our new e-commerce sales platform and rebranding originates from being accepted.”

The company reports a net operating loss of $782,917 for the current quarter

The company produced incomes of $34,930 and $81,819 for the three months ended March 31, 2021, and 2020, correspondingly. For the three months concluded March 31, 2021, and 2020, MCOA also conveyed net operating losses of $782,917 compared to $392,157, correspondingly. This surge in the loss was due mainly to a considerable change in the estimation of offshoots.

The marginal increase in losses quarter over quarter was primarily attributed to the restructuring of MCOA’s sales team and migration to new e-commerce platform, compliance with regulatory requirements for rebranding of products, and significant infrastructure development of MCOA’s website.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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BUSINESS

GrowLife Inc (OTCMKTS: PHOT) Registers $7 Million in Income in the Fiscal Year 2020

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GrowLife Inc (OTCMKTS: PHOT) has registered annual revenue of $7 million in income for the fiscal year 2020.

“We took a hard look at expenses in 2020 and were proficient to reduce our expenses by over 30%. We are fixated on constructing a cost-effective business wherever conceivable.” said GrowLife CEO Marco Hegyi. “Our cash situation is eight-fold what is was in the previous year and we have executed a deliberate plan that I trust will station GrowLife for the best future, looking past 2021 and afar.”

GrowLife sank its General & Organizational Expenditures from $7.6M in 2019 to $4.9M

The company produced $7M in income for the fiscal year 2020, notwithstanding the continuing COVID-19 epidemic. GrowLife reported a merged gross margin of 42% in 2020, up from 31% in 2019, gross returns registered an improvement of $0.4M for 2020, even with the income drop. Lastly, GrowLife in 2020, a $2.7M, or 35% savings over last year due to continuing and actual cost decreases.

The company adds two new faces to its advisory board

GrowLife has made two additions to the company’s consultative board, Mr. Lewis Swarts and Dr. Daniel Harder. Each transports exclusive experience that will help the company in increasing its CBD-rich hemp replicating business.

Mr. Swarts is a cannabis business expert, having functioned in decision-making positions at some of the domain’s most prominent cannabis and cultivation businesses for more than ten years. He brings unmatched knowledge in running working productivities for large-scale cannabis and hemp farming companies. This knowledge adds vast worth to GrowLife’s growing CBD-rich hemp clone process. Dr. Harder is a plant scientist who has devoted his profession to Botany and Agronomic Genomics. An alumna of the University of California, Berkeley, and Dr. Harder has held manifold professional, lawmaking, and board positions at highly valued plant science foundations, parks, and educational organizations.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Metatron Inc (OTCMKTS: MRNJ) States Share Repurchase Plan

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Metatron Inc (OTCMKTS: MRNJ) has announced that its Board of Directors has approved the repurchase of up to 1 billion stocks of the company’s shared stock from time to time on the open marketplace in secretly transferred dealings. 

“The share repurchase sanction imitates our continuing promise to refine the asset worth of the company’s stock,” said CEO Joe Riehl.

Stocks to be repurchased under a Rule 10b5-1 strategy

The company’s management will schedule and amount any stocks repurchased based on its valuation of market conditions and other matters. It may also complete repurchases under a Rule 10b5-1 strategy, which would license stocks to be repurchased when the company might be prohibited from doing so under insider exchange regulations. The repurchase package may be deferred or withdrawn at any time. Any repurchased stocks will be obtainable for usage associated with its stock tactics and for other business determinations.

Metatron to partner Krave Games LLC

In other news, Metatron declared a partnership with Krave Games LLC, directed to the discharge of their first game. The new game is an addicting cosmos-themed mobile game application christened Holo Ball for the iPhone and iPad. Krave transports its advanced mobile game know-how to the table and has admission to the nets of millions of Instagram and social media groups. The two businesses plan to air a collective rollout of diverse mobile submissions geared towards gaming, entertaining, and existence classes.

With the prevalent online occurrence behind Krave games, t Holo Ball’s proclamation responses surpass anticipations, and handlers can’t seem to get adequate. Players having been giving frenzied evaluations on the game and are happy to see the following announcements from the enterprise of Krave and Metatron. Holo Ball has been out for iOS and is presently accessible on the iTunes app repository. Form 1.1 of the game was published on February 18, 2019, and presently has a 5-star score. 

Rendering to Small Biz Daily, the #1 most general iOS Mobile Submissions group is games, and in 2018 games accounted for 76% of the anticipated 92.1 Billion mobile application income. 

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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Innovative Industrial Properties Inc (NYSE: IIPR) Affirms A Second-Quarter Dividend Of $1.40 Per Share Of Common Stock

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Innovative Industrial Properties Inc (NYSE: IIPR) declared that its board of directors had confirmed a second-quarter dividend of $1.40 per share of common stock. This new declaration represented an around 6% upsurge over IIP’s first quarter 2021 dividend of $1.32 per share of common stock and an around 32% increase over IIP’s second-quarter 2020 disbursement of $1.06 per share of common stock. 

The disbursement is correspondent to an annualized disbursement of $5.60 per share and is the eleventh disbursement upsurge since IIP accomplished its initial public offering in December 2016. Furthermore, IIP proclaimed today that its board of directors had confirmed a consistent quarterly disbursement of $0.5625 per share of IIP’s 9.00% Series A Cumulative Exchangeable Preferred Stock.  The disbursements will be paid on July 15, 2021, to shareholders of record after trade on June 30, 2021.

In other news proclaimed today, the company stated that it had padlocked on purchasing a property in North Adams, Massachusetts, encompassing about 70,000 square feet of manufacturing space. The acquisition price for the property was $3.1 million (discounting business charges). Simultaneous with the conclusion of the acquisition, IIP arrived into a long-term, triple-net let at the stuff with Temescal Wellness of Massachusetts, LLC (Temescal) for usage as a delimited cannabis farming and dispensation provision upon conclusion of revitalization. 

Temescal is projected to finalize added lessee developments for the property, for which IIP has settled to deliver compensation of up to $15.0 million. IIP’s entire speculation in the property is projected to be $18.1 million. As the ground-breaking real estate investment trust (REIT) for the controlled cannabis business, IIP associates with knowledgeable, accredited cannabis operatives and assists as a basis of capital by purchasing and letting back their real estate possessions, in toting to posing other imaginative real estate-based wealth answers.

[optin-monster-shortcode id="lt2ftjs5qhrst1pzmmap"] *Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
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