28.9 F
New York
Thursday, January 21, 2021

Marijuana Company Of America Inc (OTCMKTS:MCOA) Seeing Major Price Discovery

Must read

Solar Integrated Roofing Corp (OTCMKTS:SIRC) Stock is on a Tear. Buy, Sell, or Hold?

Solar power has grown in popularity in recent years owing to a definite shift towards clean energy. Solar Integrated Roofing Corp (OTCMKTS:SIRC)...

Critical Update: HUMBLE; Tesoro Enterprises, Inc. (OTCMKTS:TSNP)

Over the course of the past week, the rally in Tesoro Enterprises, Inc. (OTCMKTS:TSNP) has been one of the most eye-catching ones...

American Battery Metals Corp (OTCMKTS:ABML) Hits New High On Critical Milestones

The lithium-ion battery sector has been in focus in the markets for quite some time now, and the latest company to have...

Every Financial Professional Needs A CamScanner APP

Paid Advertisment: The job description of a financial professional demands a great level of...

Marijuana Company Of America Inc (OTCMKTS:MCOA) is a stock that’s been ripping higher, recently powering as high as about $0.20/share before falling back under the $0.10 level. However, that still represents a massive increase in share pricing over the past 3 months, with the company coming out of sub-penny land in manic step with the rest of the marijuana space into the November 8 vote.

The big catalyst here was that vote. The cannabis patch went wild into the ballot-casting, where we saw 8 of 9 states move to greater legalization of pot on medicinal or recreational levels. This stock advanced more than 2000% into that vote. But there was also another more proximal theme for the stock, which we will hit on below.

Marijuana Company Of America Inc (OTCMKTS:MCOA) trumpets itself as a company that operates as a marijuana marketing and distribution company. It intends to distribute a range of marijuana, CBD, and related products in the United States and internationally.

The company was formerly known as Converge Global, Inc. and changed its name to Marijuana Company of America, Inc. in December 2015. Marijuana Company of America, Inc. was founded in 1985 and is headquartered in Bonsall, California.

According to the Company’s press materials, “MCOA plans to distribute marijuana and products related to marijuana as well as CBD and hemp, using a variety of marketing approaches to distribute on a global basis.”

You can find out when $MCOA stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, while the vote was of central importance, there is more going on with Marijuana Company Of America Inc than just that macro level catalyst: The company recently announced the inaugural product launch of hempSMART Brain on November 4. Members and non-members became able to place orders for the product on November 7, 2016 in conjunction with the launch of the full hempSMART.com website.

We have not yet seen data on the marketplace or customer response to the launch, but the company stated that, “the Company’s supply chain partners are established, inventory purchase contracts are in place, customer support centers are trained and ready to assist customers. The product is bottled, labeled and ready for shipping… The inaugural product, hempSMART Brain, is formulated with CBD or Cannabidiol as the core ingredient combined with high quality, branded ingredients to compliment the CBD to support brain health. hempSMART Brain is formulated to meet the growing demand for products with medicinal benefits that assist in brain function. This is a first-of-its-kind product with a synergistic blend of verified natural brain support ingredients, blended with water soluble CBD to provide optimal bio availability for brain support and protection.”

“The MCOA- hempSMART team have worked diligently to bring this product to market, and we are now ready to share it with the world,” said CEO, Donald Steinberg.

The end market for the product is anticipated to expand explosively in the coming decade, with the fastest growth expected in the next 1-4 years. The addition of the California recreational marijuana market along could as much as triple the legal US cannabis sales footprint. This is all spectacular news for companies in the space.

However, we saw massive share run-ups into the voting last week, and the wheat will have to be separated from the chaff. Time will tell where MCOA fits into the larger picture. However, the company has fulfilled its promise of getting to market with hempSMART brain, which is a good signal on execution.

At this time, carrying a capital value in the market of $86M, Marijuana Company Of America Inc  has minimal cash on the books, which must be weighed relative to an appreciable load ($589.68k) of total accumulated debt.

We have covered MCOA extensively over the past 3 months. We’ve witnessed just shy of 360% tacked on to share pricing for the listing in the past month. This is emblematic of the stock. MCOA has a track record that includes a number of dramatic bounces. Moreover, the listing has seen interest climb, with an increase in recent trading volume of topping 440% beyond what we have been seeing over the larger time frame. This is an exciting story with tremendous potential and we will update it again very soon. For continuing coverage on shares of $MCOA stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

Latest article

Artificial Intelligence Technology Solutions (OTCMKTS: AITX) Moves Up Quickly On Solid Volume

The artificial intelligence industry has grown at a remarkable pace over the past half a decade or so and over the coming...

Signal Advance Inc (OTCMKTS:SIGL) Makes a Big Move, Again.

Speculation and confusion can often lead to strange occurrences on the stock markets and that is what happened...

Ozop Energy Solutions Inc (OTCMKTS:OZSC) Remains Volatile: Stock in Focus

Those who are looking to discover stocks that may have made big moves over the course of the past week could consider...

Data Storage Corp (OTCMKTS:DTST) Gets Sudden Attention: What’s The Buzz?

One of the stocks to have made significant gains this week was that of Data Storage Corp (OTCMKTS:DTST). The Data Storage Corporation...

A Closer Looks at American Battery Metals Corp (OTCMKTS:ABML) Developments

American Battery Metals Corp (OTCMKTS:ABML) is one of the stocks to have been in focus among investors over the course of the...