Medical Marijuana, Inc. and Subsidiaries HempMeds®, HempMeds® Mexico, HempMeds® Brasil and Kannaway® Announce 2018 as the Largest Sales Booking Year in Company History
SAN DIEGO, PRNewswire/ -- Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that the Company and its subsidiaries Kannaway®, HempMeds® Mexico and HempMeds® Brasil generated the largest-ever (unaudited) revenue year in its history in 2018, as well as reached major milestones in its business operations.
"We are excited to have surpassed our growth and revenue goals for this year," said Medical Marijuana, Inc. CEO Dr. Stuart Titus. "By breaking our annual sales record (unaudited) and investing into our future expansion efforts, we can provide our shareholders with an optimistic forecast for our future success."
In 2018, Medical Marijuana, Inc. had a number of significant accomplishments, including:
Medical Marijuana, Inc. subsidiary Kannaway® was the first direct sales company to offer phyto-cannabinoid botanical products to consumers. A family-oriented company, Kannaway® encourages its brand ambassadors to create their own successful distribution businesses that will positively benefit the wellbeing of the people around them.
In 2018, Kannaway® had a number of significant accomplishments including:
HempMeds® is one of Medical Marijuana Inc.'s subsidiaries that manufactures and distributes CBD products online directly to consumers. The company manufactures health and beauty CBD products in liquid, topical and sublingual delivery methods. The company also sells a cannabis skincare line, edibles and CBD for companion animals.
In 2018, HempMeds® had a number of significant accomplishments, including:
Phyto Animal Health is Medical Marijuana Inc.'s subsidiary that manufactures and distributes CBD products for a variety of companion animals such as dogs, cats and horses. As a company that cares about the health and wellbeing of all animals, it also cares about the earth. Using the least amount of water and other resources to create its products, the company aims to leave the smallest footprint possible while helping provide cats, dogs and horses with the nutrients they need to have outstanding mental and physical health.
In 2018, Phyto Animal Health had a number of significant accomplishments including:
HempMeds® Mexico is Medical Marijuana, Inc.'s distribution branch in the country, focusing on providing non-psychoactive CBD products to the people of Mexico. HempMeds® Mexico was the first company to have a medical cannabis product approved for import into Mexico.
In 2018, HempMeds® Mexico had a number of significant accomplishments including:
Another Latin American subsidiary of Medical Marijuana, Inc., HempMeds® Brasil, is the distribution partner in this country. Medical Marijuana, Inc.'s flagship product, Real Scientific Hemp Oil™(RSHO™) was the first cannabis product to be approved for import by Brazil's federal government and used as a prescription for approved medical indications within Brazil.
In 2018, HempMeds® Brasil had a number of significant accomplishments including:
"The Company and its subsidiaries have worked very hard to further international access to CBD and create the highest quality products on the market," said Medical Marijuana, Inc. COO Blake Schroeder. "Our expansion into Europe and Latin America in 2018 will move our Company and its unique vision forward in 2019."
About Medical Marijuana, Inc.
To see Medical Marijuana, Inc.'s corporate video, click here.
Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.'s shop.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). These companies do grow, sell, and distribute hemp-based products and are involved with the federally legal distribution of medical marijuana-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.
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SOURCE Medical Marijuana, Inc.
Company Codes: OTC-PINK:MJNA