Marijuana Company of America (OTC: MCOA), which operates, invests and acquires companies exclusively in the cannabis sector, today announced financial results for the year-ended Dec. 31, 2021, as detailed in its annual report on Form 10-K. Among notable highlights, the company reported record revenues of $1,030,249 for year-end Dec. 31, 2021, reflecting an increase of 267.1%, and the lowering of its operating expenses by 2.2%. In addition, MCOA has successfully completed acquisitions, including cDistro Inc., which resulted in a substantial increase in the company’s market capitalization. “We are excited to have commenced deployment of our new acquisitions, streamlining of our businesses and expansion into consumer markets domestically as well as internationally,” said MCOA’s Chief Executive Officer Jesus Quintero. “Our company has begun its new path to historical results and success. The new positive trends also complement the political market as the U.S. Congress drives toward the legalization of cannabis, and we are proud to be part of this trend.”
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About Marijuana Company of America Inc.
Marijuana Company of America operates and invests in the cannabis sector directly. The company’s core mission is to leverage its experience and access to capital to identify and invest in acquisitions with unique growth potential in the cannabis and CBD marketplace. 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
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