Marijuana Company of America Inc. was established as a publicly traded company “MCOA” in 2015 by Don Steinberg and Charles Larsen, two veterans of the cannabis and industrial hemp industries. Their goal was to capture a piece of the $6.7 billion cannabis and $688 million hemp industries which have been enjoying exponential growth with no slowdown in sight.
The objective is to create an umbrella under which we would place a variety of portfolio companies that participate within this industry. Taking on a long term vision and recognizing the many potential opportunities that exist, we have established ourselves along various points in the cannabis, industrial hemp, and related services supply chain.
Our wholly owned subsidiary hempSMART™ delivers all of the benefits of industrial hemp derived cannabinoid (non THC) products to the world through its unique marketing and distribution platform. MCOA, also, provides turn-key services to the legal cannabis and hemp industry, as well as, strategically investing in synergistic companies to develop a diverse portfolio of subsidiaries and joint ventures that create value for our shareholders.
As MCOA embarks on its 2nd year, we find ourselves with many new partners, joint venture relationships, and a very powerful consortium of companies who share our global vision.
We are in the right business, at the right time, with the right experience to take this company to the next level.
Plant the Seeds of Change
We have combined the most effective ingredients wellness technologies with industrial hemp based cannabinoids to create optimally formulated wellness products for health conscious consumers.
HempSMART™ is a company with a mission of educating and empowering consumers to learn about and become part of the Hemp Movement. This includes consuming and benefiting from some of the world’s most innovative hemp product technologies created by hempSMART.
Our mission is to make potential consumers “hempSMART.” Seeing the wellness environment rapidly shifting regarding premium quality cannabinoid products, the hempSMART founders have selected key professionals for various roles on the hempSMART team. This includes many of the best wellness professionals, health professionals, product formulation experts, educators, marketers and business minds to ensure that hempSMART can place you in a “first to market” position in every way.
The products are only the beginning.
Those that join the hempSMART Mission can start improving their personal wellness from day 1 with hempSMART products as well as become involved in this rapidly emerging industry with unlimited potential in the marketplace. Our product philosophy is to provide consumers with the newest, most innovative products, research and delivery systems related to hemp and CBD based products to improve their personal wellness.
HempSMART also provides a low barrier to entry business opportunity for entrepreneurs in a rapidly emerging, global marketplace.
HempSMART is is about to become a major industry brand with global operations providing wellness and opportunity for potentially millions of people.
MCOA’s Partnership with Convenient Hemp Mart, LLC.
Marijuana Company of America, Inc. has partnered with Convenient Hemp Mart, LLC’s to launch “BeniHemp” branded products targeting convenience stores for CBD product distribution. MCOA has invested $100,000 into the start-up project for a 25% equity stake in Convenient Hemp Mart.
Convenient Hemp Mart has developed unique sample sized packaging for consumers to try its BeniHemp products. When customers have a positive experience with BeniHemp sample products, they will then be able to purchase a monthly supply and sign up for auto ship online. Store owners will continue to generate additional revenue without the burden of managing inventory and shelf space.
MCOA Completes Investment into MoneyTrac Technology
MCOA has completed an investment of $250,000 into MoneyTrac Technology, Inc., a subsidiary of Global Payout, Inc. (OTC PINK: GOHE), in exchange for a 15% ownership interest. MCOA made this investment to help establish and market MTT as an alternative banking solution for the cannabis industry. MoneyTrac’s software has the ability to integrate and streamline electronic payment processing, such as E-Wallet and mobile applications, as well as manage and process prepaid cards, debit cards, and credit card payments.
On August 24, 2018, MCOA was issued 150,000,000 shares of GOHE’s common stock as a part of its reverse merger with MoneyTrac Technology. Based on the market price of GOHE’s stock on the date of the share issuance, MCOA has a contingent unrealized gain of approximately 700% on its $250,000 investment, subject to future price fluctuations in the market for GOHE’s stock.
MCOA and Bougainville Ventures Finish Construction of 10,000 sq. ft. Greenhouse
MCOA’s Washington based joint venture with Bougainville Ventures, Inc. has completed the setup of 10,000 sq. ft. of greenhouse space. The greenhouse is pending the completion of inspection, which is the final step needed before commencing cultivation.
The first 10,000 of a 30,000 square foot facility has been fully erected and is ready for inspection, along with the newly installed security system. The construction crew is currently focused on installing the wiring and mounting panels, plugs and switches, the HVAC system and fans. The Company expects that the final inspection of the security and greenhouse construction will be sometime in May 2018. Once the inspection is approved, the tenant grower will be allowed to occupy the space and begin growing in June 2018
Pursuant to the joint venture, Marijuana Company of America, Inc. is committed to raising up to one (1) million dollars in funding provided to Bougainville Ventures to construct and manage a turnkey state of the art cultivation and processing facility in Oroville, Washington. The 30,000 sq.ft. greenhouse grow will house a Tier-3 production and processing I-502 tenant with decades of experience in high yields, consistency and quality.
MCOA will provide investors updates as the project progresses. MCOA management is in negotiations on deals with similar terms in other legal MMJ states.
Bougainville Ventures Inc. (Bougainville) is an agricultural services company that focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities. Our clients can focus on expanding their market share with minimal capital investment. We create solutions for our tenant-grower partners to become their primary growing infrastructure or to expand the bandwidth of their current farming infrastructure. Bougainville intends to offer fully built out turnkey solutions to licensed I-502 tenant-growers and luxury crop growers who will lease the facilities for production and processing.
FOUNDER, CHAIRMAN & CEO
Don Steinberg has been at the forefront of new business concepts many times, and now brings a lifetime of experience to Marijuana Company of America, Inc. that will serve to benefit the company in a myriad of ways. In the 1980’s Don developed stock option analysis and trading programs. This led to his management of floor traders on multiple options exchanges, and gave him the knowledge and insight he needed to successfully take other companies public.
In the early 90’s, he co-founded Globalcom 2000 and entered into the prepaid phone card business, which at that time was an almost unknown market. Globalcom 2000 became one of the largest phone card companies in the United States, as well as its fastest growing. Among the many firsts accomplished in that business was an account with 7-11, which he personally closed, and which made Globalcom 2000 the 1st phone card in the country with a corporate logo.
In 1994, Don developed an interest in the telecom “Callback” business, and co-founded One World Communications. He subsequently traveled the world, opening up 187 training centers in only 9 months, and created the world’s largest International MLM global sales force selling telecom services.
In 2006, Mr. Steinberg formed Club Vivanet as an International MLM, selling a variety of services. In 2008, he merged Club Vivanet with a publicly traded company. In 2009, Don recognized the emerging opportunities in the medical marijuana industry, and changed the name of Club Vivanet to Medical Marijuana Inc., which became America’s first publicly traded company in the medical marijuana industry. In 2011, he successfully managed the acquisition of Medical Marijuana Inc. and the transition to new management.
Mr. Steinberg brings a lifetime of experience to Marijuana Company of America, Inc. that will serve to benefit the Company in countless numbers of ways. He has vast experience in building and managing start-up companies, managing public company compliance, and spent years managing floor operations on various stock exchanges. Mr. Steinberg has had a life-long career in international sales and marketing, with over 40 years of experience developing and running successful businesses. Using this breadth of experience, Don will provide guidance and day-to-day management for the Company, and will be actively involved in its future and growth.
FOUNDER & DIRECTOR
Charles Larsen has more than 30 years of experience working in government, public, private and start-up companies as an executive manager. In 2009 he was the founding President of the first publicly traded company in the medical cannabis industry, Medical Marijuana Inc. and the CEO of Global Hemp Group Inc. He has been actively involved in the cannabis industry in a full-time capacity since 2008, traveling the world researching the industry, developing relationships with key global players and has been a strategic consultant to many emerging and seasoned cannabis companies.
In addition, Mr. Larsen has significant experience in high volume securities trading, corporate and public debt, equities, options and futures, as well as being an experienced portfolio manager, securities trader and C level executive. He has participated in the highest levels of strategic planning, mergers & acquisitions, financial and operational restructuring, public and private corporate finance, governance and compliance.
CHIEF FINANCIAL OFFICER
From January, 2013 to September, 2014, Mr. Quintero served as the Chief Financial Officer of the Brazil Interactive Media, Inc. Mr. Quintero is the current CFO for Mass Roots Inc (OTC: MSRT ). From 2011 to the present, Mr. Quintero has served as a financial consultant to several multi-million dollar businesses in South Florida. He has extensive experience in public company reporting and SEC/SOX compliance, and held senior finance positions with Avnet, Inc. (NYSE: AVT), Latin Node, Inc., Globetel Communications Corp. (AMEX: GTE) and Telefonica of Spain. His prior experience also includes tenure with Price Waterhouse and Deloitte & Touche. Mr. Quintero earned a B.S. in Accounting from St. John’s University and is a certified public accountant.
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