MCOA is happy to announce the signing of a definitive fairness line of credit score settlement with White Lion Capital, LLC for $10 million, which can facilitate the restructure of the Company’s capital construction and considerably assist the Company’s money move place to increase operations and M&A exercise. –

White Lion Capital, LLC invests in excessive progress early-stage public firms that search to turn out to be business leaders in trending sectors and turn out to be long-term monetary companions. – Jesus Quintero, CEO of MCOA and Roberts Hymers, strategic advisor for MCOA, have efficiently negotiated the fairness credit score line with Sam Yaffa, and Dmitriy Slobodskiy, Principals of White Lion Capital, LLC. Messrs. Hymers, Yaffa and Slobodskiy are California State University, Northridge (CSUN) alumni.

CSUN alumni are pioneers within the hashish area. – The new Equity Credit Line will facilitate MCOA’s Strategic Plan to increase into new markets, add new hempSMART product strains and deploy its new advertising methods. – The Equity Credit Line financing will help MCOA in retiring legacy convertible debt notes with much less dilutive fairness line financing, which can strengthen the Company’s steadiness sheet considerably.

 

ESCONDIDO, Calif.June 24, 2020 /PRNewswire/ — Marijuana Company of America, Inc. (OTCQB: MCOA) (“MCOA” or the “Company”), an modern hemp and hashish company, publicizes that MCOA and White Lion Capital, LLC have signed an settlement for a $10,000,000 (ten million US {dollars}) fairness line of credit score.  White Lion Capital, LLC is a millennial run fairness fund, based mostly out of Los Angeles that makes investments into rising public firms.

hempSMART will start manufacturing new hempSMART product strains:  Pure line, Luxe line and the SMART line in response to the Company’s Marketing and Distribution methods. HempSmart Global (HS Global) will unveil new merchandise for the SMART line directed at younger customers who’re lively, and educated about top quality CBD to boost their way of life and properly being.  In addition, HS Global will introduce its Luxe magnificence Line that features top quality CBD skincare merchandise for each women and men.  hempSMART Global’s new retail  / wholesale web site is presently below development and will likely be able to launch when the brand new merchandise arrive to our success middle.

“We are very excited to acquire this new equity credit line as this will facilitate our efforts to execute our marketing strategies and Company projects. We have been working diligently to get all the pieces in place so that our roll-out will be smooth and unified,” states Gloria Albarran Lynch, Chief Marketing Officer.  “Our new product lines are positioned to engage a vast audience, both domestically and internationally. With the strength of the CBD wellness and beauty industry that is expected to grow beyond $25 billion globally in the next decade, we intend to take full advantage of this tremendous opportunity and take a leading position in this market.”

The Company is within the course of of submitting an S-1 Registration assertion with the Securities and Exchange Commission to ensure that the fairness line with White Lion to turn out to be efficient. The Company expects that this submitting will likely be accomplished early within the third quarter of 2020.

Jesus Quintero, CEO of MCOA states “we look forward to a great partnership with White Lion Capital as their assistance will propel MCOA to the level of success we are working towards, as we steer away from traditional convertible notes and shift more to an “investor” fairness based mostly participation mannequin.”

Robert Hymers, Strategic Consultant and MCOA’s Co-Founder said, “I have been working with White Lion for over a year to position them to get involved with MCOA and several other substantial micro-cap cannabis companies. It is rewarding to see young entrepreneurs from my alma matter (Cal State, Northridge) ambitiously following in my footsteps to pave the way for investing a substantial amount of capital in the cannabis sector. It’s a testament to CSUN’s high caliber business department and academic focus on promoting an emphasis on equipping entrepreneurs with functional knowledge that is helping them to become key players in the public company landscape.”

About Marijuana Company of America Inc.
MCOA is an organization that participates in: (1) product analysis and improvement of authorized hemp-based client merchandise below the model title hempSMART™, which targets basic well being and well-being; (2) an internet online affiliate marketing and retail gross sales program to advertise and promote its authorized hemp-based client merchandise containing CBD; (3) joint ventures and acquisitions of enterprise entities engaged within the progress and sale of hemp and hashish merchandise in jurisdictions the place cultivation is authorized; and (4) the growth of its enterprise into ancillary areas as market alternatives on this section mature and develop.

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