Marijuana Company of America MCOA is looking very interesting, take a look!

Marijuana Company of America Company Summary

Company Name:  Marijuana Company of America

Ticker: MCOA

Exchange: NASDAQ

Website: https://www.marijuanacompanyofamerica.com/

MCOA Company Summary

Marijuana Company of America (MCOA) invests in the cannabis sector directly. The company’s operations include C-Distro, one of the THC, Hemp & CBD cannabis industries fastest growing distribution companies, and hempsmart™, 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.

Why did Marijuana Company of America go up?

Dec. 15, 2021

Announced that it has recently completed the acquisition of VBF Brands, Inc. (“VBF”) a marijuana cultivator and distributor based in Salinas, California. VBF was previously a wholly-owned subsidiary of Sunset Island Group, Inc. (OTC: SIGO).

MCOA 1 Day Chart

MCOA Technical Analysis

MCOA has been on a major slide for over a month. It appears that it is consolidating and it may be ready to move once we see a double confirmation. We just got one this week the next confirmation will be $.0017, keep a keen eye on that price target. It could take off once it crosses it.