Marijuana Company of America, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 20, 2021 at 06:05 am EDT
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Marijuana Company of America, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 16,880 compared to USD 82,958 a year ago. Operating loss was USD 1.026 million compared to USD 875,235 a year ago. Net loss was USD 1.828 million compared to USD 186,819 a year ago. For the half year, total revenue was USD 51,810 compared to USD 164,777 a year ago. Operating loss was USD 1.809 million compared to USD 1.267 million a year ago. Net loss was USD 5.486 million compared to USD 2.305 million a year ago.
Marijuana Company of America, Inc. is an owner and operator of licensed cannabis cultivation, processing, and dispensary facilities. The Company is a developer, producer, and distributor of branded cannabis and cannabidiol (CBD) products in the United States. Through its wholly owned subsidiary cDistro, Inc., it offers CBD brands along with smoke and vape shop-related products to wholesalers, c-stores, specialty retailers, and consumers in North America. Through its wholly owned subsidiary HSmart, Inc., it develops and sells CBD products under the brand name hempSMART. Its hempSMART wellness products offerings include hempSMART Brain, hempSMART Pain, hempSMART Pain Cream, hempSMART Drops, hempSMART Pet Drops, hempSMART Face, and hempSMART Drink Mix. hempSMART Brain is a personal care consumer product encapsulated with enriched non-psychoactive industrial hemp derived CBD. hempSMART Pain Cream each container is formulated with 300mg of non-psychoactive CBD.
MARIJUANA COMPANY OF AMERICA, INC. 
