Leading this expansion will be Duduzile Mathole, a direct selling industry veteran with experience in the local and regional regulations of South Africa regarding cannabis, who has been hired as Country Manager, South Africa.
The manufacturing subsidiary for Medical Marijuana, Inc. also experienced its largest revenue month in the division’s history.
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.
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.
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 […]
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. announced that its subsidiary Kannaway® has launched a new product line designed to support its Evolve health and fitness program as well as other healthy lifestyles. Led by fitness and nutrition expert Dan Miller, Kannaway’s Evolve is a complete fitness and nutrition program that focuses on the fundamentals of evolutionary science to help participants achieve their […]
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 […]
Jeunesse Global, Kannaway, ARIIX, USANA Health Sciences, Amway, LifeVantage, Neogenics Nutrition and Medical Marijuana, Inc. were winners at the 16th annual International Business Awards®, known as the Stevies. A record total of more than 4,000 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range […]
Medical Marijuana, Inc. (OTC: MJNA) subsidiary Kannaway® experienced significant growth with 2018 revenue of $46.8 million, an increase of nearly 200 percent over 2017. MJNA, the first publicly traded cannabis company in the U.S., announced the Kannaway results as well as the company financial results for the quarter and year ending Dec. 31, 2018. The […]
Kannaway, the first hemp lifestyle network to offer cannabidiol (CBD) hemp botanical products, has placed a significant order for chewing gum with AXIM. Medical Marijuana, Inc., the first-ever publicly traded cannabis company in the United States, announced that its subsidiary Kannaway has placed a significant initial purchase order from major investment company AXIM®Biotechnologies (OTC: AXIM), a world leader in cannabinoid […]