September 6, 2019 - 8:30 AM EDT
CannabisNewsBreaks – Marijuana Company of America Inc. (MCOAD) Announces Completion of Reverse Stock Split


CannabisNewsBreaks – Marijuana Company of America Inc. (MCOAD) Announces Completion of Reverse Stock Split

Innovative hemp and cannabis corporation Marijuana Company of America (OTCQB: MCOA, MCOAD) today announced that it began trading on a split-adjusted basis on September 3, 2019. The company announced its proposal for a 1-for-60 reverse stock split on July 31, 2019. According to the update, the company’s common shares, which previously traded under the ticker symbol “MCOA,” began trading on a post-split basis under the symbol “MCOAD.” This will continue for a period of 20 business days, after which the “D” will be removed, and the symbol will revert back to “MCOA.” The reverse stock split affected all issued and outstanding shares of MCOA common stock without changing the par value, which remained at $0.001 per share. The reverse stock split uniformly affected all stockholders and will not alter any stockholder’s percentage interest in MCOA’s equity. No fractional shares have been issued in connection with the reverse split. Stockholders otherwise entitled to receive a fractional share have instead received one additional share as determined in good faith by MCOA’s Board of Directors.

To view the full press release, visit: https://cnw.fm/6qS0o

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART, which 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.

NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at https://cnw.fm/MCOA

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks 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, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only)

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

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

Do you have a questions or are you interested in working with CNW? Ask our Editor

CannabisNewsWire (CNW)
Denver, Colorado
www.CannabisNewsWire.com
303.498.7722 Office
Editor@CannabisNewsWire.com


Source: CannabisNewsWire (September 6, 2019 - 8:30 AM EDT)