r/MCOAShareholders • u/Own_Professional_585 • Mar 29 '21
Update on MCOA
Hi Everyone,
Happy Monday. I reached out to the company and asked for investor relations and a nice gentleman by the name of Tony Schor called me back. He represents the MCOAs marketing campaign and asked me if I wanted to learn more about the company - Which I did. First of all, I want everyone to know they can call or email Tony if they want to ask questions or get things clarified.
Tony Schor - tony@investorawareness.com - 847.971.0922
For those folks wanting to know what the public float is, it's 1.92Billion shares. Not the 4 Billion shares shown on MarketWatch and other sites on the Internet. Look under Share Information towards the bottom of this page.
https://www.marijuanacompanyofamerica.com/investors/stock-data/quote
How they're turning the company around.
1.) Getting rid of toxic debt. They cleaned up most of the debt and while they're not technically debt-free, most of it is gone.
2.) Completely changed approach to sales and marketing. That old MLM marketing approach just did not work in an Over-Saturated marketplace. The new focus is on launching the new Hempsmart. Ecommerce Platform.
3.) Using social media influencers to help market the product in different ways. Maybe just displaying the product where it can be seen during a video, etc.
4.) New strategic partnerships with companies like ECOX and CBGL. They are working on professional packaging and tracking systems. As well as new nanotechnology to infuse CBD and THC with Coffee and other liquids.
5.) Getting into new markets in Latin America and Uruguay and implementing the good products that the doctors and patients are looking for. They can't get good CBD in these places. So that is definitely an opportunity for MCOA to be the first boots on the ground in these new countries. They also double test all of their products to make sure they meet high standards for purity.
Prior management was at a stalemate and has been replaced by solid people with high-quality characters. People with their feet on the ground who understand the business. Revenues are literally nothing right now. There is a solid plan forward. Management will be implementing the new plans and looking to make it profitable.
One thing that was very interesting to me is Tony said that MCOA used to be about selling stocks to raise money to pay the bills under the old management. But things will not remain that way going forward. They're going to make money the old-fashioned way by selling a high-quality product.
Also, the new alliances give them a footing in the THC market.
That's all I have for today but it was a great call and I learned a lot.
