- MCOA wants to extend its CBD-infused hempSMART brand into Asia and Europe using capital raised from the sale of common stock
- March launch of hempSMART in the U.K. kicks off planned entry of the brand into Europe
- hempSMART campaign in U.S. includes participating in high-level events such as the Super Bowl and pre-Academy Awards festivities
Marijuana Company of America Inc. (OTCQB: MCOA) is raising the profile of its hempSMART subsidiary in the United States and is planning an expansion of the brand into Asia and Europe. The company intends to use $10 million in new capital that it plans to raise from the sale of common stock to fund these expansion efforts. MCOA has already filed a form S-1 with the SEC to begin the registration process (http://cnw.fm/aFDU9).
MCOA has also begun to unveil the hempSMART brand in the United Kingdom prior to entering the continent of Europe, including scheduling a pre-launch event in London this month. In addition, Marijuana Company of America has established a regional office, a customer service team and a distribution center in London. Field marketing and training have already been completed for hempSMART UK (http://cnw.fm/k55Nc).
In a news release, MCOA CEO Donald Steinberg said, “As legislation continues to evolve and the demand for hemp-derived CBD products grows internationally, we will continue to launch our hempSMART associate marketing model and products to additional countries across the world.”
MCOA conducts product research and development of legal hemp-based consumer products containing CBD under the brand name hempSMART. Focused on general health and well-being, the company also conducts an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD. In addition, MCOA is expanding its business into ancillary areas of the legalized cannabis and hemp industry as this segment matures and develops.
To further raise its brand profile in the States, MCOA participated in high-awareness events at Super Bowl LIII and prior to this year’s Academy Awards. During those activities, athletes, celebrities, actors, musicians and other attendees received samples of hempSMART products (http://cnw.fm/kt0AU).
For more information, visit the company’s website at 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
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