MCOA is our new technical trade idea
Published: Mon, 06/10/19
 Subscribers, I hope you all had a great weekend. I'm back from vacation and ready to hit the ground running with today's trade idea. Get Marijuana Co of America (MCOA) on your screen immediately. MCOA has been trading in a range between $0.01 and $0.02 in the past few months with strong support at $0.01. Priced at just $0.0125, we think MCOA could make an excellent trade idea at these levels. Just six months ago MCOA traded at over $0.03, and its 52 week high is $0.0495. Therefore we think there is plenty of upside potential. About MCOA... MCOA is a corporation that participates in: (1) product research and development of legal hemp-based consumer products under the brand name hempSMART™, which 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. You can read all about MCOA at their website http://marijuanacompanyofamerica.com/ Latest News... Marijuana Company of America Portfolio Company Signs Letter of Intent to Significantly Build Out Cannabis Facility for Distribution, Delivery and ManufactureThe Company announced the signing of a Letter of Intent (“LOI”) between Northern Lights Distribution LLC (“NLD”) with Alpha Private Equity & Capital LLC (“Alpha”) to form a joint venture (“JV”) called Magnolia Extracts LLC (“Magnolia”) pursuant to large-scale expansion operations to begin distribution, delivery and manufacturing of its cannabis products in the city of Lynwood, California.Marijuana Company of America announced in April 2019 that the Company had officially acquired a 20% ownership interest and signed a joint venture agreement with Natural Plant Extract of California (NPE) to establish a premier cannabis delivery company called Viva Buds. NLD, a subsidiary of NPE, has entered into this partnership and will cover costs up to $1.5 million in phased expenditures, allocated to significantly build out a new production facility and utilize the 18,000 square foot building space to create greater efficiency and capacity for its operations. “As our portfolio of legal cannabis and industrial hemp investments and joint ventures represent a significant portion of our growth strategy, we believe this step represents a strong move forward to establishing our foothold in the market,” said Don Steinberg, Chief Executive Officer of Marijuana Company of America. “This allows us to advance into the next phase of our business plan through NPE, gaining access to over 18,000 square feet of building space. We are confident this joint venture will serve very beneficial for us as well as our investment partner, NLD.” Consummation of the transaction remains contingent upon satisfactory completion of due diligence by both parties and completion of, and agreement on, all final terms and conditions of the engagement. You can read in full at https://finance.yahoo.com/news/marijuana-company-america-portfolio-company-121700076.htmlYou can read more news at https://finance.yahoo.com/quote/MCOA?p=MCOA&.tsrc=fin-srch We think MCOA could make a great medium to longer term trade at these levels. The multi month support at $0.01 appears strong, and recent news could be major catalysts. Get ready for the opening bell and I'll touch base soon. picks@shiznitstocks.com Disclaimer Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. For full disclaimer click here. ShiznitStocks.com is the property of Alpha Stock Media. 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