NetworkNewsBreaks – Marijuana Company of America Inc. (MCOA) Issues Update Regarding its Investment in MoneyTrac Technology
Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced that it has received 150,000,000 shares of common stock of Global Payout Inc. (OTC: GOHE) as part of its reverse merger with MoneyTrac Technology Inc. MCOA previously entered into a stock purchase agreement to acquire 15,000,000 common shares of MoneyTrac Technology for $250,000. As part of MoneyTrac’s merger with GOHE, GOHE issued shares to MCOA on August 24, 2018. Based on the closing price of GOHE’s stock on the date of the share issuance at $.0116 a share, the value of the 150M shares held by…