BONSALL, CA--(NewMediaWire - Dec 27, 2016) - MARIJUANA
COMPANY OF AMERICA INC., ("MCOA" or the "Company") (OTC
PINK: MCOA), an innovative cannabis and hemp marketing,
consulting and distribution company, has engaged L&L CPAs, PA
as its independent audit firm to complete a two-year audit of the
Company's financial statements as part of the process of preparing
to become a fully reporting public company with the intent of
uplisting to a higher reporting exchange.
The newly engaged auditors are working together with the
Company's legal counsel to complete the necessary procedures to
file a registration statement with the Securities and Exchange
Commission. When completed and filed with the Commission, this will
represent a significant step toward our efforts to enhance
long-term shareholder value, while attracting a broader and more
diverse shareholder base.
"Our goal is to be a fully transparent reporting public
company," said the Company's CEO, Donald Steinberg. "As we grow and
take these major steps, we want our shareholders to be
well-informed about our plans and our progress. By becoming a
fully-reporting, transparent public company, we may be better
positioned to enhance stock liquidity and attract institutional
investors, which will fundamentally enhance the value of our
Company."
Once the audit is completed over the next several months, the
Company will have a better idea which stock exchange is most
appropriate for the Company. "Our goal is to be fully reporting on
the most reputable exchange we qualify for, so our shareholders
have all the information they need to follow our progress in
detail," said Mr. Steinberg.
L&L CPAs, PA is registered with the PCAOB and is experienced
in conducting audits of public companies in the cannabis industry.
Completing this audit will help ensure the accuracy and
completeness of the Company's financial information, and also help
to identify and strengthen internal controls over financial
reporting.
About Marijuana Company of America Inc.
Marijuana Company of America ("MCOA")
is a publicly traded company headquartered in Southern California.
MCOA will 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.
SAFE HARBOR STATEMENT:
This release contains forward-looking statements that are based
upon current expectations or beliefs, as well as a number of
assumptions about future events. Although we believe that the
expectations reflected in the forward-looking statements and the
assumptions upon which they are based are reasonable, we can give
no assurance or guarantee that such expectations and assumptions
will prove to have been correct. Forward-looking statements are
generally identifiable by the use of words like "may," "will,"
"should," "could," "expect," "anticipate," "estimate," "believe,"
"intend," or "project" or the negative of these words or other
variations on these words or comparable terminology. The reader is
cautioned not to put undue reliance on these forward-looking
statements, as these statements are subject to numerous factors and
uncertainties, including but not limited to: adverse economic
conditions, competition, adverse federal, state and local
government regulation, international governmental regulation,
inadequate capital, inability to carry out research, development
and commercialization plans, loss or retirement of key executives
and other specific risks. To the extent that statements in this
press release are not strictly historical, including statements as
to revenue projections, business strategy, outlook, objectives,
future milestones, plans, intentions, goals, future financial
conditions, events conditioned on stockholder or other approval, or
otherwise as to future events, such statements are forward-looking,
and are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks
and uncertainties that could cause actual results to differ
materially from the statements made.
For more information, please visit the Company's websites
at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
agoracom.com/ir/MarijuanaCompanyofAmerica