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MARIJUANA COMPANY OF AMERICA, INC.

(MCOA)
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MARIJUANA CO OF AMERICA, INC. : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

04/27/2021 | 04:16pm EDT

Item 5.02. Departure of Directors or Certain Officers; Election of Directors, Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Amendment to Executive Employment Agreement

Effective as of April 22, 2021, the Board of Directors of Marijuana Company of America, Inc. (the "Company") approved an increase in the cash portion of the compensation payable to Jesus Quintero, the Company's Chief Executive Officer and Chief Financial Officer, effective as of May 1, 2021, from $12,000 per month to $20,000 per month, as well as the immediate issuance to Mr. Quintero of 20,000,000 fully paid and non-assessable shares of the Company's common stock, par value $0.001 per share, as a one-time bonus. Thereafter, on April 27, 2021, the parties entered into an amendment (the "Amendment") to that certain Executive Employment Agreement, dated February 3, 2020, by and between the Company and Mr. Quintero.

The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached hereto as Exhibit 10.1, and is incorporated herein by reference.


Item 9.01.  Financial Statements and Exhibits.



(d) Exhibits



Exhibit No. Description

   10.1+        First Amendment to Executive Employment Agreement, dated April 27,
              2021, by and between the Company and Jesus Quintero



+ Indicates a management contract or any compensatory plan, contract or arrangement.

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Financials (USD)
Sales 2020 0,28 M - -
Net income 2020 -12,1 M - -
Net Debt 2020 1,20 M - -
P/E ratio 2020 -0,33x
Yield 2020 -
Capitalization 31,0 M 31,0 M -
EV / Sales 2019 12,3x
EV / Sales 2020 50,5x
Nbr of Employees 4
Free-Float 99,2%
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Income Statement Evolution
Managers and Directors
NameTitle
Jesus M. Quintero Chairman, Chief Executive Officer, CFO & Treasurer
Edward F. Manolos Independent Director
Tad Mailander Independent Director
Marco Guerrero Director
Glen Bonilla Manager-Sales & Brand
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