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Marijuana Company of America Issues Shareholder Letter and Outlook for 2021

Marijuana Company of

iCrowdNewswire   Jan 13, 2021  3:48 PM ET

Marijuana Company of America Inc., an innovative hemp and cannabis corporation, is pleased to provide a letter to shareholders from Company CEO Jesus M. Quintero.

Dear Shareholders,

2020 was one of – if not the most – challenging year in the history of man. Like other businesses, MCOA experienced its own portion of struggles and challenges due to COVID-19. However, we also achieved a number of major milestones that demonstrate our commitment for continued growth. In 2020, we:


On behalf of all of us at MCOA, we expect 2021 to be an exciting breakout year for the Company as we aggressively deploy our sales and business strategies, which include increased sales and new market penetration; direct-to-consumer marketing; cost-effective product manufacturing; and strategic acquisitions.

Our vision for 2021 is growth and expansion with continued expense reduction. In addition, these strategies and goals will lead us to the most important milestone for the Company: improved shareholder value. We expect that MCOA will finally be able to settle all of the legacy debt (most of which was inherited by the new management team) during the first quarter of 2021.

It’s an exciting time for MCOA to break out from the shackles of our past, concurrent with the whole sector resurgence that we expect in 2021!

Thank you for your support in 2020 and the years ahead,

Jesus M. Quintero
Chief Executive Officer

About Marijuana Company of America Inc.

MCOA is an emerging industry leader, focusing on product development and the sales & marketing of its proprietary botanical ingredients legal hemp-based cannabidiol (“CBD”) quality products, marketed and distributed under the “hempSMART™” brand name. The Company’s premium quality products are double lab tested for purity and potency and sold to wholesalers and distributors, as well as via online e-commerce consumer platform and a proven network affiliate marketing program. The Company has defined it plans for international sales, production and marketing expansion. For more information, visit

Tel: 888-777-4362

Contact Information:

Tel: 888-777-4362

Tags:    Wire, Disclosure Newswire, United States, English