Medical Marijuana, Inc., the parent company of direct selling organization Kannaway, announced a gross profit of $6.7 million and net revenue of $9.2 million for the third quarter of 2021.
Although the company has had an active presence in Finland for years, Finnish Customs confiscated a bottle of Kannaway Pure Gold in 2018, claiming it was illegally imported.
Kannaway, a direct selling subsidiary of Medical Marijuana, Inc., was recently honored at the 2021 CEO Awards with a Gold Globee for Executive Achievement of the Year in the Consumer Products category, an award given to organizations who set industry benchmarks for excellence.
Kannaway, a subsidiary of Medical Marijuana, Inc., has partnered with nonprofit The Por Grace Foundation to provide cannabidiol (CBD) products to families in need.
Medical Marijuana, Inc., announced that its subsidiary Kannaway has expanded its operations into Hong Kong. Kannaway plans to host regional education events for current and prospective distributors about the potential benefits of hemp-derived CBD oil.
HempMeds, a subsidiary of Medical Marijuana, Inc., announced that its Latin American operations achieved its best revenue month ever in June 2021.
Medical Marijuana, Inc., the publicly traded parent company of direct selling company Kannaway, announced its first quarter financial results for 2021. The company reported $8.9 million in net revenue and $3.7 million in net income for the quarter, as well as a cash position of $4.9 million. “Our operations made tremendous advancements in the first […]
Medical Marijuana, Inc., parent company of direct selling company Kannaway, released its 2020 year-end financial report. Gross margins for the company increased from 76% in 2019 to 80% in 2020 and net revenue for 2020 reached $46.9 million. Cash on hand at the end of 2020 was $5.7 million. The company also released year-end 2020 […]
Kannaway, a subsidiary of Medical Marijuana, Inc. announced it has submitted a Novel Foods application for its CBD products to the UK’s Food Standards Agency (FSA) through the European Industrial Hemp Association (EIHA) Novel Foods Consortium. “We are witnessing a pivotal moment in history when the global appetite for free access to CBD for all […]
Medical Marijuana, Inc. CEO Dr. Stuart Titus has been awarded the 2020 Best Business Leader in the United States by Global Brands Magazine. This is the eighth edition of the awards which recognizes companies that demonstrate exceptional service and unique vision. “While I am certainly honored to receive this award, I want to thank my […]
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 […]
Kannaway, a subsidiary of Medical Marijuana, Inc., the first publicly traded cannabis company in the U.S., launched Kannaway Premium CBG with Organic Hemp Seed Oil into the European cannabigerol (CBG) market. “Since launching in Europe in 2018, Europe has become one of our best revenue-generating markets as consumers have responded very positively to Kannaway’s wide […]