Marijuana Company of America (OTC: MCOA) is a diversified holding company that is looking to grow its business and further establish itself in the legalized cannabis THC, hemp and cannabidiol (“CBD”) industries. MCOA recently achieved the highest quarterly revenue in its history and expects to drive continued growth across the entire business. “As part of the financial results for three months ended Sept. 30, 2021 (‘Q3 2021’), the company reported $442,178 in revenue, up from $53,195 in revenue reported in Q3 2020. This represented a 731% year-on-year increase. In addition, the company’s gross profits grew by 297%, from $16,025 reported in Q3 2020 to $63,687 in the most recent quarter,” reads a recent article, which quotes MCOA CEO Jesus Quintero on the company’s strong performance. “During the third quarter 2021, despite the fact that we have been in the midst of a global pandemic, the company produced the highest revenues in its history,” said Quintero. “Our Q3 financial performance was strong and reflects our ability, despite being in a challenging environment, to execute on the strategy by diversifying within the Cannabis industry through strategic acquisitions along with organic growth.”
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About Marijuana Company of America Inc.
Marijuana Company of America operates and invests in the cannabis sector directly. The company’s operations include C-Distro, one of the fastest growing distribution companies in the THC, Hemp and CBD cannabis industries, hempsmart(TM), a premium CBD company, and a Salinas, California-based cannabis nursery cultivation facility that is a cultivator and distributor utilizing its own growing systems to produce desirable cannabis clones. The company’s core mission is to leverage its experience and access to capital to identify and invest in acquisitions with unique growth potential. For more information, visit www.MarijuanaCompanyofAmerica.com.
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