Marijuana Company of America Inc. (OTCMKTS: MCOA) Competes cDistro Acquisition

Marijuana Company of America Inc. (OTCMKTS: MCOA) has completed a stock-for-stock acquisition of cDistro Inc. cDistro is a fast-growing distribution company in the hemp industry that will deepen Marijuana Company of America distribution footprint in North America.

MCOA acquires cDistro

Marijuana Company of America Inc. (OTCMKTS: MCOA) will operate cDistro as its wholly-owned subsidiary. The former shareholders of cDistro will hold 5.23% of outstanding and issued stock of MCOA and will gain additional stock in the next year if cDistro meets specific revenue targets. The acquisition is an arm’s length deal completed subject to meeting certain conditions that include execution of definitive agreement and completion of due diligence.