ClargyInvesting

$MCOA Federal Legalization Play

Long
OTC:MCOA   Marijuana Company of America, Inc
This is strictly a speculative play on federal marijuana legalization, with reform being a top issue in politics currently.

I dug a little deeper and found some promising words from the organization's CEO Jesus Quintero in an audio interview with SmallCapVoice.com, posted today on March 4th. Part of the transcript goes as follows:


“We have made great strides towards reducing our overall debt and overhead. Our new eCommerce platform emphasizes a leaner model with larger margins. More than that, we are maturing as a Company. We want to enrich the lives of our customers and our shareholders. We want to build a community that holds everyone in high regard. The global pandemic has isolated people. However, through our updated and enhanced social platforms we are reaching to let everyone know that you are not alone, and we are in this together.”

Quintero discusses how MCOA’s share exchange program with Cannabis Global Inc. (OTC: CBGL) has strengthened both companies’ balance sheets, as well as their ability to gain greater market traction and expand operations. That is just the beginning Quintero stresses, “It is more than just a share exchange. It is each company leveraging their core competencies to bring out the best for our shareholders. That is why I am so excited about the work we have launched with Eco Innovation Group, Inc. (OTC: ECOX), an innovative company aggregating investments in new technologies that promote environmental and social well-being, and the advancement of green energy solutions. We have strong synergies with ECOX and look forward to leveraging their recently acquired exclusive rights to a disruptive solution that holds the potential to upend traditional sourcing methods for extraction from medicinal plants and flowers for the holistic, cosmetics, and food markets.”

Quintero concluded, “We continue to be very optimistic about a national cannabis market here in the U. S.A. As I have said before, we are committed to establishing ourselves as the premier source of quality in cannabis products, processes, distribution, and development.”


Seems like $MCOA has a promising year ahead, with various partnerships and brand deals announced quite frequently. I really get the sense that they are attempting to capitalize on new leadership and the potential for federal cannabis legalization.

Disclaimer. My ideas are for informational purposes only. My ideas do not constitute solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments. You should not construe any such information or other comments as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, options, and money market funds involves risk of loss. Loss of principal is possible. Please exercise your own due diligence.

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