Marijuana Company of America Inc. Signs $10 Million Equity Line with White Lion Capital, LLC

Rhea-AI Summary

Marijuana Company of America (MCOA) has announced a $10 million equity line of credit agreement with White Lion Capital, LLC to facilitate growth and acquisitions in the cannabis sector. This financing is expected to enable MCOA to provide compelling structures for prospective acquisitions to go public, increasing capital access. CEO Jesus Quintero highlighted the importance of this partnership in enhancing their business strategy and capital backing in the evolving cannabis market. MCOA focuses on acquisitions and investments in the cannabis industry, including its cDistro and hempSMART brands.

Positive

• Secured $10 million equity line of credit with White Lion Capital to drive growth.
• Partnership expected to enable strategic acquisitions and public offerings for target companies.

Negative

• None.

LOS ANGELES, CA / ACCESSWIRE / September 28, 2021 / Marijuana Company of America, Inc. (OTC PINK:MCOA) ('the Company'), a diversified holding company with operations and investments throughout the cannabis industry, today announced the signing of a definitive equity line of credit agreement with White Lion Capital, LLC for $10 million, which will be used to drive growth.

White Lion Capital, LLC invests in high growth early-stage public companies that seek to become industry leaders in trending sectors and become long-term financial partners.

MCOA believes that the new Equity Credit Line will facilitate MCOA's Strategic Plan to expand its business by organic growth and acquisitions of synergistic and often undercapitalized assets. This credit line is expected to afford MCOA to offer a compelling structure that will enable one or more target acquisition companies to go public, thereby accessing capital for both entities.

"This financing relationship with White Lion not only provides a valuable partner for our business strategy, but also provides us with strong capital backing to continue to execute on our growth of operations and seize the numerous acquisition opportunities existing today in the Cannabis industry," said Jesus Quintero, CEO of Marijuana Company of America, Inc. "Having reliable capital backing in this environment through White Lion Capital, LLC builds on our growth momentum that is starting to occur at MCOA."

About Marijuana Company of America, Inc.

Marijuana Company of America is a diversified holding company with a focus on acquisitions, operations, and investments throughout the cannabis industry. The Company's current operations include cDistro Distributor and hempSMART™ premium brand of hemp-based CBD (legal cannabidiol) products.

Forward-Looking Statements

This news release contains 'forward-looking statements,' which are not purely historical and may include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities and words such as 'anticipate,' 'seek,' 'intend,' 'believe,' 'estimate,' 'expect,' 'project,' 'plan,' or similar phrases may be deemed 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K, our quarterly reports on Form 10-Q, and other periodic reports filed from time to time with the Securities and Exchange Commission.

For more information, please visit www.marijuanacompanyofamerica.com or visit www.sec.gov.

CONTACT:
info@marijuanacompanyofamerica.com
info@mcoainvestments.com
888-777-4362

SOURCE: Marijuana Company of America, Inc.

View source version on accesswire.com:
https://www.accesswire.com/665786/Marijuana-Company-of-America-Inc-Signs-10-Million-Equity-Line-with-White-Lion-Capital-LLC

FAQ

What is the significance of the $10 million equity line announced by MCOA?

The $10 million equity line allows MCOA to support its growth initiatives and pursue strategic acquisitions.

How will the partnership with White Lion Capital benefit MCOA?

The partnership provides MCOA with strong capital backing, helping to facilitate acquisitions and enhance operational growth.

What does MCOA plan to do with the funds from the equity line of credit?

MCOA plans to use the funds to expand its business through acquisitions and organic growth in the cannabis industry.

What is Marijuana Company of America's focus in the cannabis industry?

MCOA focuses on acquisitions, operations, and investments across the cannabis sector, including its brands like cDistro and hempSMART.

When was the equity line agreement with White Lion Capital announced?

The agreement was announced on September 28, 2021.