Medical Marijuana Inc OTCMKTS: MJNA is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally friendly, economically sustainable businesses, while increasing shareholder value. For details on Medical Marijuana, Inc.’s portfolio and investment companies.
Medical Marijuana Inc OTCMKTS: MJNA On May 9, 2019 announced that the company had its the largest-ever (unaudited) sales bookings month in its history in April 2019. The company also reached major milestones in its business operations.
“We are proud to announce our impressive growth in April,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “It was just announced by analysts at The Green Fund that the global cannabis industry is positioned to be the world’s most lucrative sector and we’re excited to be at the forefront of cannabidiol (CBD) as a segment of this profitable business.”
The company also achieved significant accomplishments during the month of April including its subsidiary Kannaway® being listed as one of the Top 100 Direct Selling Companies in the world by Direct Selling News, hosting its largest U.S. event – the National Believe Convention, and welcoming athletes such as Paralympic Archer Samantha Tucker and Professional Boxer Austin Trout to its Kannaway® Sports team. Kannaway® also released several exciting new products such as Coffee & Tea Pods, Hemp CBD Gum, CBD cat treats, and an updated version of its Cannabis Beauty Defined™ CBD skincare line.
In addition, Medical Marijuana, Inc. subsidiary Phyto Animal Health released two new products including a topical CBD skin balm and CBD cat treats and subsidiary HempMeds® Brasil hosted a cannabis symposium for Brazilian doctors in San Diego.
Accomplishments also include the portfolio of companies obtaining positive news coverage in several national and international news outlets including Bloomberg, Forbes, The Boston Globe, Fox Business, VICE, Bustle, Who What Wear and more.
Medical Marijuana Inc OTCMKTS: MJNA On May 7, 2019 announced that its subsidiary Kannaway® has released its new Single-Serving Coffee and Tea Pods, infused with 10 mg of hemp-derived cannabidiol (CBD) per pod.
Kannaway® French Roast Coffee cups are made with 100 percent premium Arabica coffee beans expertly batch-roasted by a fifth generation roast master. Kannaway® Rooibos and Citrus Tea cups are a floral blend of antioxidant-rich and caffeine-free tea. Compatible with most single-serve brewing systems, they are quick and easy to use.
“Kannaway’s Single-Serving CBD-infused Coffee and Tea Cups provide a fast and pre-measured way to ingest your daily dose of CBD without disturbing your daily routine,” said Kannaway® CEO Blake Schroeder. “These new products fill a need in the CBD market that very few products currently offer and we are confident that consumers will love the convenience they provide.”
According to a report by Cowen & Co., the CBD market alone is expected to hit $16 billion by 2025. Of the CBD products currently on the market, most are in the form of liquid tinctures or topicals, making CBD-infused coffee and tea a large market opportunity.
“By providing consumers the option to start their day with CBD-infused coffee or wind down at the end of the night with CBD-infused, caffeine-free tea, Kannaway is making it easier to fit CBD into a variety of lifestyles and routines,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “CBD is being researched to provide a variety of therapeutic benefits and we are proud to bring high-quality products to our consumers in the U.S. and abroad.”