Marijuana Company Of America Revenue In Q1 2022 Grows 1507% YoY, Here Is How

Marijuana Company of America, Inc. (OTCPK:MCOA) released financial results for the first quarter ended March 31, 2022, revealing revenue of $561,321 compared to $34,930 in Q1 2021.

Q1 Financial Highlights:

  • Revenue increase of $526,391 or 1,507% is primarily attributed to the company's new acquisition cDistro which distributes CBD and hemp products throughout the USA.

  • For the three months ended March 31, 2022, and 2021, MCOA's gross profit was $51,059 and $9,750, respectively.

  • The company's total assets increased to $8.1 million as of the first quarter ended March 31, 2022.

  • The company's net loss for the Q1 ended March 31, 2022, decreased to $3,29 million from $3.66 million for …

Full story available on Benzinga.com

More Marijuana Company Of America Revenue In Q1 2022 Grows 1507% YoY, Here Is How