Business
Marijuana Company of America Announces the Filing of Form 10 Registration Statement with SEC
Marijuana Company of America Announces the Filing of Form 10 Registration Statement with SEC.
About this update from Marijuana Company Of America, Inc.
[{"type":"text","content":"\n \n \n Marijuana Company of America Announces the Filing of Form 10 Registration Statement with SEC\n \n \nMarijuana Company of America Announces the Filing of Form 10 Registration Statement with SEC\n \n BONSALL, CA--(Marketwired - May 23, 2017) - MARIJUANA COMPANY OF AMERICA, INC (\"MCOA\" or the \"Company\") (OTC PINK: MCOA), an innovative cannabis and hemp company, is pleased to announce that it has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). This is an important step in helping the Company to raise the necessary capital to fund its projects and expand its operations, as well as provide more transparent and reliable information to investors. \n Once the registration statement becomes effective, the Company will apply to upgrade its trading tier with OTC Markets to the OTCQB. Upgrading to the OTCQB is an efficient way to raise the Company's profile among the investor and broker dealer communities, access greater liquidity, and trade on an SEC-recognized market, removing many of the trading restrictions placed on Pink market securities. The Form 10 filing provides investors detailed and audited information about MCOA's operations, including an overview of the business strategies, risk factors and financial statements. This additional and reliable information will help our investors make a more educated investment decisions about the Company.\n \"Taking steps to become a fully reporting company is yet another way that we are distinguishing ourselves from most of the marijuana public companies that report under the Alternative Reporting Standards on the OTC Pink market,\" said Donald Steinberg, CEO of MCOA. \"MCOA experienced substantial growth in 2016 and we hope to continue this momentum throughout 2017 as well. Our Form 10 filing and ongoing SEC reporting disclosures through audited annual financial statements, auditor reviewed quarterly financial statements and all material events will provide additional transparency to our shareholders and the investment community on our performance as we grow.\"\n MCOA's Form 10 Registration Statement includes audited financial statements of the business, an overview of the markets and industries in which the Company will operate, details regarding the Company's management, and competitive strengths, strategies and risk factors. A copy o...