Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today announced the financial results for the first quarter ended March 31, 2022. Among the highlights, the company reported revenues of $561,321 and $34,930 for the three months ended March 31, 2022, and 2021, respectively. The 1,507% increase is primarily attributed to the company’s new acquisition of cDistro, which distributes CBD and hemp products throughout the United States. “This first quarter demonstrates that we are off to an exciting start of 2022. This represents our second consecutive quarter with record revenue growth,” said MCOA’s Chief Executive Officer Jesus Quintero. “Our growth is expected to continue to accelerate into the next quarter as we continue to grow our business. We also remain active in strategic acquisitions that fall into diversified cannabis categories and continue to pursue deals to build scale in our existing markets while continuing to look at opportunities that continue to grow our national footprint in the U.S., as well as in emerging markets such as Brazil and Uruguay.”
To view the full press release, visit https://ibn.fm/AJNIY
About Marijuana Company of America Inc.
Marijuana Company of America operates, invests, and acquires exclusively companies in the cannabis sector. The company is a multistate (licensed) operator and the parent company within the cultivation, distribution and international consumer product sectors. For more information, visit www.MarijuanaCompanyofAmerica.com.
NOTE TO INVESTORS: The latest news and updates relating to MCOA are available in the company’s newsroom at http://ibn.fm/MCOA
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com
InvestorWire is part of the InvestorBrandNetwork.
