Marijuana Company of America, Inc. (OTCMKTS:MCOA)
The company we are going to highlight to get things kicked off right this week, is one that we’ve been talking about in our newsletters for years. In fact, if you take a look at our MCOA archive pages, you can see that our history covering this stock runs all the way back to 2015, the year that it began operating under its current name and symbol.
We have always been steadfast in our support and enthusiasm for the still relatively new cannabis industry, and confident in its big future. That includes the various sub-sectors of cannabis byproducts such as hemp-derived CBD- the area of the industry in which MCOA operates. None of the company’s products contain actual THC, and are thus perfectly legal for sales throughout the country and most of the world.
It should come as no surprise that the CBD business, like all others, has had to contend with additional struggles in 2020 as a result of the global COVID-19 pandemic. However, if anything, that gives opportunistic investors such as ourselves all the more chance to get involved at an opportune moment. The CBD industry itself is still on track to be valued at well over $20B in the very near future, with or without the coronavirus. Indeed, now is a fantastic time to speculate with low priced OTC-traded marijuana stocks, and MCOA is among our favorites.
MCOA has been a prominent name in the CBD business for years, and has undergone shifts in focus of late, making several key announcements in just the past few weeks (links below) to further its strategic agenda.
The company even withdrew and received a buyout from a joint venture with Canada-based Global Hemp Group, Inc. in order to give total focus to its hempSMART™ CBD Consumer Products Division, and has already built a significant global presence in 17 countries.
Since then, the month of October has brought rapid moves to further develop the hempSMART™ brand. New international distribution alliances, as well as a new partnership with beverage company Cannabis Global, Inc. (OTC: CBGL) shows us that MCOA is serious about advancing this property with haste. All of these strategic moves are outlined in the press releases below, and are more than enough to entice us to take a closer look.
In terms of the stock itself, we urge you to view our video chart presentation below to see why now is the time to give this play serious consideration, and don’t forget to monitor your inboxes for further updates in our coverage of MCOA in coming weeks.
RECENT MCOA NEWS:
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