
Marijuana Company of America Q4 2016 Outlook and Update
10-18-2016
- hempSMART Brain product release imminent
- Offers brain support and protection
- Product is first-of-its-kind
- Fulfillment center prepared to manage distribution of orders
- Members signing up for PreLaunch
BONSALL, CA--(October 18, 2016) - MARIJUANA
COMPANY OF AMERICA INC., ("MCOA"
or the "Company") (OTC: MCOA), an innovative cannabis and hemp
marketing and distribution company, is providing this update to keep our
shareholders and prospective investors informed.
Our first product, hempSMART
BRAIN, formulated with CBD or Cannabidiol as the core ingredient combined with
high quality, clinically proven, branded ingredients to compliment the CBD to
support brain health. hempSMART BRAIN was formulated to meet the growing demand
for neutraceutical products that assist in brain function.
The hempSMART Brain product is
scheduled for release by the end of October. It was expected to ship by the second
week of October, but delays in receiving key ingredients from suppliers has pushed
back the ship date by approximately two weeks.
Our fulfillment center is ready to manage distribution of orders and they
are working very closely with hempSMART’s manufacturer, which will result in
significant efficiencies of scale.
hempSMART Brain is a first-of-its-kind
product. The synergistic blend of clinically verified natural brain support
ingredients, blended with water soluble CBD, enables crossing of the
blood-brain barrier to provide optimal brain support and protection.
hempSMART Brain was developed to address the
increase in neurologic and neurodegenerative challenges that have prompted a
surge in scientific research on prevention and/or reversal of brain and nervous
system pathology. A variety of natural products have been shown, in
clinical trials, to improve neurological and cognitive function and there has
been a surge of products being marketed to improve brain function.
Marketing leaders are
currently preparing for the Brain product roll-out. The hempSMART prelaunch website: hempSMART.com is now active and accessible to the Company’s members.
According to the Direct Selling Association,
in 2015 over 20 million people in the U.S. were involved in direct selling,
with total sales of $36.1 billion. More than 74 percent of the American public
has purchased goods or services through direct selling. Worldwide sales are
also strong with more than $154 billion in sales. This marketing and
distribution method is incredibly effective at creating solid sales and loyal
members, as well as brand awareness in the marketplace because the sales
"force" are people that passionately believe in the company, product
and the difference it can make in people's lives. The energy they can invest
into the education of potential customers is far more than any other sales
model.
Another key driver in the
affiliate marketing industry is compensation or commission that is based on
performance. Affiliate leaders earn rewards and compensation for
developing training systems for their personal sales "teams" within
hempSMART. Based on this win-win business model, companies can grow rapidly due
to the success of the customer, the affiliate and the entire direct sales
process.
Over the
years, thousands of affiliate marketing teams have been established to
promote new products for launch. Our affiliate marketing leaders are well
established, long-term professionals. They are testing the system as well as
preparing their marketing organizations for the Brain product launch. The
Company has a robust affiliate marketing program that is integrated into the hempSMART.com full website which was designed and developed by
ApogeeINVENT. This user-friendly platform will help our affiliates track their
commissions and provide resources, and helpful information for marketing the
Company’s products.
"We have received significant interest
in this product and we are looking forward to updating the financial markets
and our shareholders as the product release takes place” said CEO, Donald
Steinberg.
The Club Harmoneous pilot program has been
extended due to regulatory challenges under the current non-profit regulatory
model in California. The Company will continue to work through these challenges
to develop a unique operating model that can operate under the current
regulatory framework as well as the upcoming licensing and regulatory structure
proposed by the Medical Marijuana Regulation and Safety Act (MMRSA). The
Company is also prepared for the passing of Prop 64 in November for the adult
use of marijuana in California. The Company continues to work closely with
Green Dot Collective in Los Angeles County to overcome some of the regulatory
challenges and changes in California. Upon satisfactory completion of the
Southern California pilot program, the Company will begin expansion to Northern
California and other legal adult use and medical marijuana states.
Investors are invited to visit the MCOA
IR Hub on Agoracom to post questions and
receive answers, or review questions and answers already posted by
fellow investors. In addition, the MCOA IR HUB provides a monitored forum
for investors and prospective shareholders to communicate within a
clean, professional environment.
On behalf of the Board of Directors,
“Donald Steinberg”
Donald
Steinberg
President
& CEO
888-777-4362
MarijuanaCompanyofAmerica.com
About Marijuana Company of
America Inc.
Marijuana Company of America
("MCOA") is a publicly traded company headquartered in Southern
California. MCOA will distribute marijuana and products related to marijuana as
well as CBD and hemp, using a variety of marketing approaches to distribute on
a global basis.
About
hempSMART
The hempSMART brand represents MCOA’s
non-THC, hemp derived, product line. All hempSMART products are formulated with
a cannabinoid base that is derived from hemp and has less than a .3% THC
content.
About
Club Harmoneous
Club Harmoneous (The Club) delivers all of
the benefits of cannabis to its members harmoneously. The Club provides a wide
range of cannabis products to its members, medicinal, adult use or healthy
foods, body care and cosmetics. The Club products are top-quality and offered
to members at competitive prices with the convenience of home delivery.
FORWARD-LOOKING
DISCLAIMER
This press release may contain certain forward-looking
statements and information, as defined within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934,
and is subject to the Safe Harbor created by those sections. This material
contains statements about expected future events and/or financial results that
are forward-looking in nature and subject to risks and uncertainties. Such
forward-looking statements by definition involve risks, uncertainties and other
factors, which may cause the actual results, performance or achievements of
Marijuana Company of America, Inc. to be materially different from the
statements made herein.
LEGAL DISCLOSURE
Marijuana Company of America Inc. will provide management
services that assist legal businesses to cultivate, sell, and distribute hemp
and marijuana based products within the legal guidelines of individual states
and international markets. hempSMART products are derived from Hemp and contain
than a .3% THC content.
For more information, please visit the Company’s websites at:
MarijuanaCompanyofAmerica.com
hempSMART.com
Harmoneous.com
Agoracom.com/ir/MarijuanaCompanyofAmerica