Strong Financial Performance for MCOA but is this Cannabis Stock a Buy?
Marijuana Company of America (OTC: MCOA) is uniquely positioned to benefit from the cannabis market’s growth and associated opportunities as more states and countries worldwide push for the legalization of cannabis. MCOA offers diverse operations that include its cDistro distribution company, as well as hempsmart(TM) and VBF brands, a premium CBD company and a cannabis nursery cultivation facility in Salinas, California, respectively.
Related: Marijuana Company of America Expands Footprint in Country’s Largest Cannabis Market
In addition, the company is building its portfolio of investments and joint ventures, representing the highest standards of professionalism and integrity in the legal cannabis and industrial hemp markets.
“MCOA recently reported a significant milestone, reaching the highest quarterly revenue numbers since its inception, according to the company’s financial results report for the third quarter ending Sept. 30, 2021,” reads a recent article that also quotes MCOA CEO Jesus Quintero. “Our Q3 financial performance was strong and reflects our ability, despite being in a challenging environment, to execute on the strategy by diversifying within the cannabis industry through strategic acquisitions along with organic growth,” Quintero said.
He further underlined that the company expects to drive continued growth across the entire business in the coming months.
Strong Financial Performance for MCOA but is this Cannabis Stock a Buy?
Our analysts see holds several negative signals for MCOA and is appears to be downtrending, so we believe MCOA will continue to underperform in the near term. We currently hold a negative evaluation of this stock.
About Marijuana Company of America Inc.
Marijuana Company of America operates and invests in the cannabis sector directly. The company’s operations include C-Distro, one of the fastest growing distribution companies in the THC, Hemp and CBD cannabis industries, and hempsmart(TM), a premium CBD company. The company’s core mission is to leverage its experience and access to capital to identify and invest in acquisitions with unique growth potential. For more information, visit www.MarijuanaCompanyofAmerica.com.
Strong Financial Performance for MCOA but is this Cannabis Stock a Buy?
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