PALM BEACH, Florida, August 29, 2018 /PRNewswire/ --
MarketNewsUpdates.com News Commentary
Cannabidiol(CBD) and Hemp oil have come to fuel a multi-billion dollar movement as consumers come to understand the benefits the extracts can provide. The uses for these extracts are endless and their utility is a large reason why the overall Hemp CBD market is
Marijuana Company of America, Inc. (OTCPK:MCOA) BREAKING NEWS: Marijuana Company of America, an innovative hemp and cannabis corporation, is pleased to announce that it has received 150,000,000 shares of common stock of Global Payout Inc. (OTCPK:GOHE) as part its reverse merger with MoneyTrac Technology. Based on the market price of GOHE's stock on the date of the share issuance, MCOA has a contingent unrealized gain of approximately 700% on its $250,000 investment, subject to future price fluctuations in the market for GOHE's stock.
On March 13, 2017, MCOA entered into a stock purchase agreement to acquire 15,000,000 common shares of MoneyTrac Technology, Inc., for a total purchase price of $250,000.
As part of MoneyTrac's merger with GOHE, GOHE issued shares from treasury to MCOA on August 24, 2018. On the date of the share issuance, the closing price of GOHE's stock was $.0116 a share, valuing the 150M shares position at approximately $1,740,000.
Regarding the share issuance, Don Steinberg, President and CEO stated, "we are pleased to announce that we have received a substantial amount of stock in GOHE. Since we are receiving stock in a publicly traded company, we have the opportunity to realize a gain from our investment in MoneyTrac to help provide the Company with capital to help accomplish our aggressive growth goals and business plan in 2018."Read this and more news for MCOA at http://www.marketnewsupdates.com/news/mcoa.html
In the industry developments and happenings in the market this week include:
Medical Marijuana, Inc. (OTCPK:MJNA), the first-ever publicly traded cannabis company in the United States, announced yesterday that former New York Yankees and San Diego Padres right-hand relief pitcher and Pro Baseball Hall of Famer Goose Gossage has become a spokesperson for its subsidiary Kannaway® to help spread awareness on the benefits of cannabidiol (CBD) for athletes and active consumers. "We're looking forward to working with Goose Gossage to continue spreading awareness about the health and wellness benefits of CBD," said Kannaway® CEO Blake Schroeder. "His personal story is a prime example of how CBD is a great supplement that can be taken daily to help people, especially former athletes, continue living active lifestyles and we are thrilled to have such a passionate spokesperson join our team."
Tilray, Inc., (NASDAQ:TLRY) a global pioneer in cannabis production and distribution, late yesterday reported financial results for second quarter and six months ended June 30, 2018. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. "We are very pleased with our strong start to 2018. Tilray is well-positioned to continue to pioneer the development of the global medical cannabis market and to become a leader in the adult-use cannabis market in Canada," said Brendan Kennedy, President and Chief Executive Officer of Tilray. "In the second quarter, we generated significant revenue growth as a result of our global strategy, our multinational distribution network and our commitment to research, innovation, quality and operational excellence." Read the full Quarterly Earnings Here. https://finance.yahoo.com/news/tilray-inc-reports-second-quarter-200500994.html
Player's Network, Inc. (OTCQB:PNTV), a rapidly growing company in the recreational and medical marijuana industry with licensed grow operations in 2 states, announced yesterday they have achieved record sales of over $2.1 million since the recent acquisition of Green Leaf Farms Salinas Valley. They are hosting a live online webinar to discuss the Company's revenue and acquisition strategy at 4:20 p.m. PDT (7:20 P.M. Eastern) on Wednesday, August 29th, 2018. Online attendees are limited to the first 100 people who RSVP. The purpose of this announcement is to provide an update to the Company's Shareholders and the investment community with regards to their recent and substantial increase in sales (unaudited). Additionally, the Company has filed an extension for their quarterly report while they implement the necessary compliance controls including but not limited to; books and records and standard operating procedures as they transition the acquisition from a private business to a wholly owned subsidiary of PNTV.
Aphria Inc. (TSX:APH) (OTCQB:APHQF) announced this week that it has entered into a supply agreement (the "Agreement") with the Nova Scotia Liquor Corporation ("NSLC") to provide a range of high-quality branded cannabis and cannabis derivative products for sale in Nova Scotia's adult-use market starting on October 17, 2018. "Today the NLSC has ensured that Nova Scotia's adult-use consumers will have access to our thoughtfully developed brands and products come October 17 ," said Jakob Ripshtein, Chief Commercial Officer at Aphria. "We are seeing tremendous momentum as provincial liquor boards and cannabis authorities across the country continue to respond favourably to our extensive range of product offerings. Each of our brands have been carefully developed to meet the needs and interest of distinct consumer segments, and we look forward to ensuring an ample supply is available to consumers in Nova Scotia and across the country.".
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty four hundred dollars for news coverage of the current press release issued by Marijuana Company of America, Inc. by the company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
Contact Information: email@example.com +1(561)325-8757
Subscribe to our Free Newsletters!
DOOR syndrome is a rare genetic disorder marked by deafness, short or absent fingernails, abnormal ...
Are you gluten intolerant? Stay away from gluten allergy and celiac disease by shifting to ...
Moxetumomab pasudotox-tdfk is used to treat hairy cell leukemia (a form of chronic lymphocytic ...View All