Innovative hemp and cannabis corporation Marijuana Company of America (OTC: MCOA) this morning announced that it has received 150,000,000 shares of common stock of Global Payout Inc. (OTC: GOHE) as part of its reverse merger with MoneyTrac Technology Inc. MCOA previously entered into a stock purchase agreement to acquire 15,000,000 common shares of MoneyTrac Technology for $250,000. As part of MoneyTrac’s merger with GOHE, GOHE issued shares to MCOA on August 24, 2018. Based on the closing price of GOHE’s stock on the date of the share issuance at $.0116 a share, the value of the 150M shares held by MCOA totals approximately $1,740,000. “We are pleased to announce that we have received a substantial amount of stock in GOHE. Since we are receiving stock in a publicly traded company, we have the opportunity to realize a gain from our investment in MoneyTrac to help provide the company with capital to help accomplish our aggressive growth goals and business plan in 2018,” MCOA president and CEO Don Steinberg stated in the news release.
To view the full press release, visit http://cnw.fm/lh2CG
About Marijuana Company of America Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreational use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com
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