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LOS ANGELES, CA / ACCESSWIRE / Might 17, 2022 / Marijuana Firm of America, Inc. (OTC PINK:MCOA) (“the Firm”), operates, invests, and acquires corporations completely within the hashish sector.
Expensive Shareholders,
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As I mirror on 2021, we proceed to acknowledge and present our appreciation to the various healthcare staff and firms which have labored to fight the COVID-19 pandemic. MCOA started to enter a part of our Firm’s improvement that we imagine will create vital worth for shareholders and place the Firm to benefit from alternatives within the rising U.S. hashish and CBD market worldwide. The Firm operates, invests, and acquires corporations completely within the hashish sector, and is a multi-state distributor of non-THC hashish merchandise within the nationwide and worldwide client product sectors.
We’re excited to have streamlined our companies and expanded into client markets domestically in addition to internationally. Our Firm has begun its new path to development and success. The brand new optimistic development additionally enhances the present political surroundings, because the U.S. Congress considers the legalization of Hashish, and we’re proud to assist this development.
We’ve been energetic in strategic acquisitions that fall into diversified hashish classes. The Firm continued to pursue offers to construct scale in its current markets whereas persevering with to take a look at alternatives that proceed to develop our nationwide footprint within the U.S., in addition to in rising markets reminiscent of Brazil and Uruguay.
In 2021, we achieved vital transformational milestones, which we imagine created significant intrinsic worth and helped to advance us towards our strategic targets. We decreased our debt and total working bills and made vital acquisitions which have generated historic income for the Firm.
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In June 2021, we grew our operations and entered into the Nationwide Distribution enterprise by buying cDistro, a number one nationwide distributor of a portfolio of trusted client Hemp & CBD branded merchandise to greater than 250 wholesalers, c-stores, specialty retailers, and dispensaries in North America. The Firm makes use of a drop-ship achievement technique to make sure effectivity, which contributes to higher total margins. As well as, we plan to launch Vape TV, Inc. for the formation of a brand new in-store promoting enterprise to be referred to as VapeTV US, Inc. VapeTV UK is a number one European supplier of in-house media for the vaping trade, offering in-store show techniques for retail vape shops that run paid promoting content material for client appreciation. VapeTV is at the moment put in in 1900 + shops within the UK, and we plan to copy this similar success within the U.S.
We’re within the means of including Cultivation to our enterprise platform this 12 months. The acquisition goal is a multi-licensed hashish cultivation and distribution operation that operates inside a ten,000-square-foot greenhouse with robust current repeat prospects. Via this potential acquisition, we’re excited at the opportunity of offering superior effectivity and sustainable cultivation strategies that may present growers with entry to domestically grown, high-quality clones to develop hashish crops sooner, and guarantee higher yields.
In 2021, we expanded MCOA’s client product sector enterprise with our signature model hempSMART™ CBD model by promoting merchandise for the primary time in Brazil and Uruguay. hempSMART™ is a premium CBD model portfolio that we imagine supplies the purest, simplest, and finest tasting merchandise worldwide.
Our 2022 aims embody persevering with to hunt mergers and acquisitions, in addition to strengthening our new companies by streamlining operations and producing higher consciousness. We additionally sit up for persevering with to inform the MCOA story by collaborating in key hashish investor conferences, broadening our media publicity, and persevering with a clear line of communication with our shareholders.
Like 2021, it continues to be an thrilling time to be a part of MCOA as we enter the center of 2022 with a stronger stability sheet to speed up our operations and proceed to construct shareholder worth. Please you’ll want to go to our web site at www.marijuanacompanyofamerica.com for extra data.
We want to thank our shareholders in your loyalty and ongoing assist. We want you all the easiest for the rest of 2022 and past.
Very actually yours,
Jesus M Quintero
Chairman of the Board and CEO
CONTACT:
Brenda Andrews, Communications Director
[email protected]
[email protected]
888-777-4362
SOURCE: Marijuana Firm of America, Inc.
View supply model on accesswire.com:
https://www.accesswire.com/701736/Annual-Letter-to-MCOA-Shareholders
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