Marijuana Company of America Inc. (MCOA) Achieving Growth Through Acquisitions and Strategic Partnerships
Dec 16, 2021
- MCOA just posted its highest quarterly revenue yet in Q3 2021, attributed to the cDistro acquisition, which was completed towards the end of Q2 2021
- MCOA looks forward to having another record-breaking quarter in Q4, 2021, primarily attributed to additional benefits of the cDistro acquisition, along with strategic partnerships with key players within the legal cannabis and industrial hemp sectors
- The company continues to forge these partnerships to diversify its product and services line and provide consistent value to its shareholders
Marijuana Company of America (OTC: MCOA) released financial results for the three months ended September 30, 2021 (“Q3 2021”), posting a 731% year-on-year increase from the same period in Q3 2020. Total revenue stood at $442,178 up from $53,195, with gross profit up from $16,025 in Q3 2020 to $63,687, representing a 297% growth over that period (https://cnw.fm/nfYDO).
MCOA has attributed this impressive growth to its new acquisition of cDistro, an enterprise that distributes CBD brans, smoke, and vape shop-related products to specialty retailers, wholesalers, c-stores, and consumers within the North American market (https://cnw.fm/3U4jm). The acquisition, completed towards the end of…
NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://cnw.fm/MCOA
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