BONSALL, CA--(NewMediaWire - Mar 28, 2017) - MARIJUANA COMPANY
OF AMERICA ("MCOA" or the "Company") (OTC
PINK: MCOA), an innovative cannabis and hemp marketing and
distribution Company, is pleased to announce that its PCAOB
auditors have completed a two year audit of the Company's financial
statements for the years ended December 31, 2015 and 2016.
MCOA's SEC legal counsel is now finalizing a Form 10
registration statement for filing with the Securities and Exchange
Commission. After the registration statement becomes effective, and
the Company's common stock is registered with the Commission, the
Company will apply to uplist its trading tier with OTC Markets to
the OTCQB exchange. Completing the two year audit is an integral
step in successfully filing a Form 10 registration statement. This
significant step has been completed to enhance long-term
shareholder value, and attract a broader and more diverse
shareholder base, including more institutional investors.
Donald Steinberg, MCOA President and CEO said, "Our goal is to
meet the requirements to be a fully reporting company. This is
in-line with our business plan to move to a higher level stock
exchange. As we continue to grow within our industry,
achieving the highest level of transparency for our current and
future shareholders is of paramount importance to us. With the
audit completed, we are well on our way to becoming fully reporting
and offering more transparency to investors and shareholders."
ABOUT L&L CPAs, PA
L&L CPAs, PA is registered with the Public Company Accounting
Oversight Board (PCAOB) and is experienced in conducting audits of
public companies in the cannabis industry. Please visit the audit
firm's website at www.llcpas.net to find out more information
about the firm.
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