Marijuana Company of America (OTC: MCOA), a diversified holding company with operations and investments throughout the cannabis industry, today announced its financial results for the third quarter and nine months ended Sept. 30, 2021, which reflected the highest quarterly revenue reported in the company’s history. Total revenues for the three months ended Sept. 30, 2021, were $442,178, an increase of $388,983 from the same period in 2020. The company attributed the increase mainly to $407,246 of product sales from its new acquisition of cDistro, which began full operations during the quarter ended Sept. 30, 2021. “During the third quarter 2021, despite the fact that we have been in the midst of a global pandemic, the company produced the highest revenues in its history,” said Jesus Quintero, CEO of Marijuana Company of America. “Our Q3 financial performance was strong and reflects our ability, despite being in a challenging environment, to execute on the strategy by diversifying within the cannabis industry through strategic acquisitions along with organic growth.”
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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 operations include C-Distro, one of the fastest growing distribution companies in the THC, Hemp and CBD cannabis industries, hempsmart(TM), a premium CBD company, and a Salinas, California-based cannabis nursery cultivation facility that is a cultivator and distributor utilizing its own growing systems to produce desirable cannabis clones. The company’s core mission is to leverage its experience and access to capital to identify and invest in acquisitions with unique growth potential. 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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