MARIJUANA CO OF AMER INC - MCOA STOCK NEWS

Cannabis Global Inc. (OTC PINK:CBGL) has announced the upcoming launch of several premium cannabis products through its subsidiary, Natural Plant Extract (NPE). Set for introduction in June, these products include THC-A Diamond, Live Resin-infused pre-rolls, and a new line of vegan cannabis candies. Aimed at the competitive Southern California market, the products boast unique attributes such as ultra-high potency and premium ingredients. The company is also enhancing its distribution capabilities with Northern Light Distribution and progressing toward completing a volatile extraction laboratory in partnership with Marijuana Company of America (OTC PINK:MCOA).

Marijuana Company of America (MCOA) announced its participation in the LD Micro Invitational XI Conference from June 8-10, 2021. CEO Jesus M. Quintero will present on June 9, 2021, at 2:00 PM ET. The presentation will cover MCOA's strategic plans, including international market expansion and the launch of a new e-commerce site for its hempsmart™ CBD products. Investors can schedule one-on-one meetings with management on this day. For attendance, interested parties should contact registration@ldmicro.com.

Marijuana Company of America (MCOA) reported a significant growth in current assets, rising to $1,738,978 by March 31, 2021, up 223% from $537,593 in December 2020. Cash reserves increased to $639,983 from $55,251, enhancing funding for acquisitions and operations. However, MCOA faced a net operating loss of $782,917 versus $392,157 in the same period last year, primarily due to a shift in valuation of derivatives. Revenue was $34,930, down from $81,819 year-over-year. The company aims to boost sales through its new e-commerce platform and rebranding efforts.

Marijuana Company of America (MCOA) has successfully acquired cDistro, LLC, a rapidly growing distributor in the hemp industry. This acquisition is set to enhance MCOA's distribution capabilities within North America. cDistro has built strong relationships with over 250 customers and generates approximately $150,000 monthly in gross revenues. The merger involves exchanging cDistro's membership interests for MCOA stock. MCOA's CEO highlighted the deal as a strategic move to capture market share in the specialty distribution sphere, leveraging cDistro's established presence and product lines.

Cannabis Global, Inc. (OTC PINK:CBGL) and Marijuana Company of America (OTC PINK:MCOA) have announced the funding of a new cannabis extract laboratory in Lynwood, California. This facility, managed by Cannabis Global's subsidiary, Natural Plant Extract, is set to produce a crystalline THC-A product known as 'Diamonds'. Aiming to capitalize on the growing demand for potent cannabis products, the laboratory will enhance both companies' revenue streams and market presence. The cannabis concentrate market has seen over 40% growth, making this investment timely.

Cannabis Global (OTC PINK:CBGL) and Marijuana Company of America (OTC PINK:MCOA) announced the closure of a joint venture to establish a manufacturing and research facility for cannabis concentrates and cannabinoid polymeric nanoparticles in Lynwood, California. This venture, named MCOA Lynwood Services, Inc., will focus on producing cannabis concentrates for the California market and advancing Cannabis Global's patented technologies. Cannabis Global will hold a 60% stake, allowing consolidation of revenues, while MCOA will contribute capital and equipment for production.

Marijuana Company of America (MCOA) has announced that CEO Jesus M. Quintero will present at the Benzinga Global Small Cap Conference on May 13, 2021, at 2:20 PM Eastern Time. The event aims to connect investors with small-cap companies, incorporating educational modules and curated investment opportunities. The presentation will be available via webcast for seven days following the event. MCOA focuses on acquisitions and the sales of its hempsmart™ CBD products while pivoting away from farming to supply the growing cannabis industry.

Marijuana Company of America (MCOA) announced a Letter of Intent to acquire cDistro, a distributor of CBD products based in Florida. This acquisition aims to enhance MCOA's revenue and market presence in the cannabis sector. cDistro specializes in a range of CBD products and serves various retail channels across North America. CEO Jesus M. Quintero believes this move will generate additional revenue from high-margin products, while cDistro's CEO anticipates synergistic opportunities in the hemp cannabis market.

Cannabis Global, Inc. (OTC PINK:CBGL) and Marijuana Company of America (OTC PINK:MCOA) announced plans to create a cannabis laboratory in Lynwood, CA. Under a letter of intent, MCOA will invest $250,000, with $135,000 allocated for equipment. The lab, managed by Natural Plant Extract of California (NPE), focuses on volatile extraction for market sale. Cannabis Global aims to reduce costs and enter the cannabis concentrate market. Both companies will negotiate profit-sharing terms. The venture leverages NPE's Type 7 permit, which is stringent in California.