BONSALL, CA--(NewMediaWire - Dec 1, 2015)
- MARIJUANA COMPANY OF
AMERICA ("MCOA" or the "Company")
(OTC
PINK: MCOA) is pleased to announce that FINRA has approved
its name and symbol change. The Company will begin trading under
its new name, Marijuana Company of America Inc., and new trading
symbol, MCOA, effective December 1st, 2015.
Completion of the change of business and resultant name change
was subject to a number of conditions, including but not limited to
FINRA approval. Majority consent was received from shareholders and
approved by the Board of Directors on September 9, 2015.
Marijuana Company of America Inc. is an innovative marijuana
marketing and distribution company that intends to distribute a
wide range of marijuana, CBD and related products nationally and
internationally, via a marketing and distribution strategy that is
unique to the marijuana industry.
The newly appointed Chairman and CEO, Donald Steinberg, is
assembling a top-notch team to execute the MCOA business plan. As
the Company embarks on its first year under new management and a
new direction, the Company is enlisting partners, establishing
joint ventures, negotiating contracts and building a powerful
consortium of industry experts and companies that share the MCOA
vision.
Mr. Steinberg's experience in launching successful marketing and
sales organizations on a global basis will benefit the Company and
shareholders greatly. He has been out front of many new and
developing industries and products, and will contribute
significantly to what could potentially become the biggest new
industry boom since the dot-com era.
The MCOA business model will set the Company apart. Management
is developing a proprietary, high quality product line that will be
exclusively available through MCOA. The specifics of how these
products will be marketed and distributed will be disclosed just
prior to launch.
The marijuana industry is still in its infancy and it is
currently one of the fastest growing industries in the global
economy. According to the Marijuana Business Daily's (MBD) Funding
& Financing Handbook, marijuana product sales in the United
States for 2015 are projected to be in the range of $2.7
to 3.1 billion, and that is only reported sales within the
U.S. Worldwide sales are potentially equal to or greater than
U.S. sales. Projections by MBD target a $6.8 to $8 billion
U.S. market by 2019.
Never before in economic history has a commodity or product been
prohibited by governments worldwide for nearly 80 years, whilst
society has considered it to be generally acceptable and safe.
Legalization continues to build momentum worldwide, and there is an
economic tipping point on the immediate horizon, which could
potentially be the largest in history. The number of jobs that will
be created, and the taxes that will be generated by the marijuana
industry will be significant. The marijuana industry will also
stimulate growth in many other ancillary industries as expansion
continues.
Donald Steinberg, MCOA's President, said, "It is an exciting
time to launch a new company in this rapidly emerging industry. As
the global marijuana revolution continues to expand and evolve,
MCOA will contribute to its evolution with a brand new approach to
the product development, marketing and distribution of medical and
adult use marijuana products."
On behalf of the Board of Directors,
"Donald Steinberg"
Donald Steinberg
President & CEO
888-777-4362
www.MarijuanaCompanyofAmerica.com
About Marijuana Company of America Inc.
Marijuana Company of America ("MCOA")
is a publicly traded company headquartered in Bonsall, California.
MCOA will distribute marijuana and products related to marijuana as
well as CBD and hemp, using a variety of marketing approaches to
distribute on a global basis.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are
forward-looking in nature and subject to risks and uncertainties.
Such forward-looking statements by definition involve risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of Marijuana Company of
America, Inc. to be materially different from the statements made
herein.
LEGAL DISCLOSURE
Marijuana Company of America Inc. will provide management
services that enable legal businesses to cultivate, sell, and
distribute hemp and marijuana based products within the legal
guidelines of individual states and international markets.
For more information, please visit the company's website at:
www.MarijuanaCompanyofAmerica.com