The company’s net income and net revenue increased 8% and 86% respectively year-over-year. Net revenue totaled $9.6 million for the quarter while net income reached $7 million. Gross profit for the quarter was $5.6 million.
Medical Marijuana announced that its subsidiaries HempMeds Mexico, Kannaway Japan, as well as its third-party manufacturing and distribution business, each achieved their largest revenue months in their respective histories in July 2021.
HempMeds, a subsidiary of Medical Marijuana, Inc., announced that its Latin American operations achieved its best revenue month ever in June 2021.
Medical Marijuana, the parent company for HempMeds, announced it has welcomed five-time Brazilian national wrestling champion and professional UFC fighter Raoni Barcelos as a company spokesperson.
HempMeds Brasil, a subsidiary of Medical Marijuana, Inc. announced that April 2021 broke records for the best revenue month in company history. “Our HempMeds Brasil operations have seen a consistent increase over the years,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We aim to reach as many consumers in need as possible and last […]
Medical Marijuana, Inc., the parent company of HempMeds®, announced that Italo Penarrubia will be a brand ambassador for the company. Penarrubia is an X Games world record-holding skateboarder. “We are excited to bring Penarrubia on as a part of our team and it is heart-warming to know how much our products have helped him over […]
Medical Marijuana, Inc, parent company of Kannaway, is launching a rebranding of its subsidiary HempMeds. This change comes as part of the company’s recent shift in consumer strategy and executive leadership. “As the CBD industry continues to expand exponentially throughout the world, especially in the US and Latin America, we saw an opportunity to further […]
Medical Marijuana, Inc. announced financial results of $17.7 million in revenue for the quarter ended September 30, 2019, a decrease of 3 percent from Q3 2018. “Medical Marijuana, Inc. and its subsidiaries are excited to continue operating as one of the hemp-based CBD industry pioneers,” said CEO Dr. Stuart Titus. “We are very confident in the continued growth […]
Medical Marijuana, Inc., the first-ever publicly traded cannabis company in the U.S., yesterday announced that former New York Yankees and San Diego Padres relief pitcher and MLB Hall of Famer Goose Gossage has become a spokesperson for its subsidiary Kannaway® to help spread awareness on the benefits of cannabidiol (CBD) for athletes and active consumers. “We’re looking […]