Marijuana Company Of America Inc (OTCMKTS: MCOA) Continues To Improve Its Appeal For Investors

In our last review of Marijuana Company of America Inc (OTCMKTS: MCOA) the company was making great strides in establishing credibility in an effort to increase its appeal to investors. The company continues on this tract, and has made some very positive inroads. Including reporting revenues for the fourth quarter of 2016.First, for those that are not familiar with the company, Marijuana Company of America is headquartered in Southern California. It is acquiring, or partnering with companies across all sectors of the marijuana industry, constructing a portfolio of synergistic companies involved in cultivation, extractions, oils, tinctures, edibles, and distribution of medical and adult use marijuana in compliance with the laws of each individual state.MCOA provides a wide range of products and services all dedicated to educating and supporting its patients/members in obtaining all the benefits of a cannabis lifestyle. MCOA has developed a knowledge base complete with information from subject matter experts, medical articles and opinions, current articles, YouTube and other videos, blogs, and industry news and papers. MCOA is dedicated to transferring knowledge to its patient/members to allow them to become their own advocates. MCOA provides comprehensive information on popular and rare strains, and other processed products that will be available through the MCOA club. MCOA tracks industry and consumer information and posts to their social media and online knowledge base.In a new development since our last review, Marijuana Company of America announced on April 4, 2017 that that it has finalized the joint venture agreement with Bougainville Ventures, Inc. in Washington State. Bougainville Venture Inc. is in the core business of converting irrigated farmland that was traditionally used to grow marginally profitable feed crops, to greenhouse-equipped farmland used to grow luxury crops with a primary focus on high-density and high-yielding crops. Bougainville is an agricultural services company that focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities. The company offers fully built out turnkey solutions to tenant-growers and provides growing infrastructure, as well as landlord services for licensed I-502 producers and processors in the state of Washington.MCOA will invest $1 million in cash in a newly formed entity. Bougainville Ventures, Inc. will contribute its expertise in the construction and management of a 30,000 sq. ft. greenhouse facility, which will accommodate a Tier-3 production and processing I-502 tenant that has decades of experience and a proven track record of consistency and quality. MCOA and BV will split equity and profits equally, 50/50. Donald Steinberg, MCOA President and CEO commented:

"This project will help to expand our operations as an ancillary business into the Washington State market. Achieving this milestone of closing this deal, as well as completing our PCAOB audit at the end of the first quarter are two more pillars of the strong foundation we are building for our shareholders."

To further establish its credibility, on Apr 19, 2017, Marijuana Company of America established a Strategic Advisory Board, with the appointment of Noble DraKoln as Chairman, and the appointment of Andy Carter and David Hill as Advisors. Noble A. DraKoln comes from a background in the investment and money management industry. He will apply his expertise to business development and executive consulting. Andy Dane Carter has been investing in real estate for many years and is a licensed real estate broker in California. His extensive real estate experience will give MCOA an advantage in conducting due diligence and structuring all aspects of current and future real estate acquisitions. David Hill is the Co-Founder and President of Hill & DraKoln Media & Brand Management ("H&D"). He has strategically positioned new brands as well as revamped old brands. Having strong branding, marketing and media support will enable MCOA to build its brand and share its story with a broad consumer base.

MCOA shows a market capitalization of $68.65 million, on 1.62 billion shares outstanding as of December 31, 2016. The stock is currently trading at $.0424, right at a support level that goes back to December of 2016. Volume has normalized. As for the financials, the company reported revenues of $8,729,000 for the quarter ending December 31, 2016. A sharp increase from the rest of 2016. If the company continues to report revenues of this magnitude, its appeal to investors will certainly increase. We will be updating our subscribers as soon as we know more. For the latest updates on MCOA, sign up below!Disclosure: We have no position in MCOA and have not been compensated for this article.