CannabisNewsBreaks – Marijuana Company of America, Inc. (MCOA) Issues Shareholder Letter with Status Update During COVID-19

Marijuana Company of America (OTCQB: MCOA), an innovative hemp and cannabis corporation, today issued a letter to shareholders from its CEO, Jesus Quintero, that provided a status update on MCOA during the COVID-19 pandemic. The update covers steps Quintero has taken to steer MCOA to success and profitability, with a focus in recent months on streamlining the company’s organizational structure to minimize operational costs and continue to strengthen its sales. “Our primary sales strategy capitalizes our Network Marketing program, which has been operating successfully over these past three years with growth and success,” Quintero stated in the letter. “My vision is to introduce a wholesale business model that will complement our Network Marketing program. This will give us the opportunity to increase our sales significantly over the next 2 to 3 years.”

To view the full press release, visit http://cnw.fm/wW8FN

About Marijuana Company of America Inc.

MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART(TM), which targets general health and well-being; (2) an affiliate marketing and retail sales program to promote and sell its legal hemp-based consumer products containing CBD; (3) joint ventures and acquisitions of business entities engaged in the growth and sale of hemp and cannabis products in jurisdictions where cultivation is legal; and (4) the expansion of its business into ancillary areas as market opportunities in this segment mature and develop. 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://cnw.fm/MCOA

About CannabisNewsWire

CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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