Medical Marijuana, Inc. rides momentum from first half of the year to pass last year’s revenue numbers with just five months left in 2018
Medical Marijuana, Inc. started off the year on the right foot in January – hitting record revenue numbers for the month. It is a feat Medical Marijuana, Inc. would repeat in February, March, April, and June. This upward trending monthly revenue growth is a big reason that Medical Marijuana, Inc. and our companies were able to surpass last year’s total revenue with so much time left in the year.
Our family of companies is busy planning CBD educational and promotional events, developing new hemp and CBD products, and working to enter new markets with our award-winning cannabis brands to position our company for continued success.
Keep reading for highlights from the first half Medical Marijuana, Inc.’s successful year.
Launching Our Pet Line: Phyto Animal Health
Medical Marijuana, Inc. began our year by launching our newest CBD oil company. Designed specifically for pets, the hemp and CBD products distributed by Phyto Animal Health fit the unique needs of pets and larger livestock animals.
The story of Phyto Animal Health begins with Dante the Service Pit. This service dog and his best friend Ian Quinn, CEO of Phyto Animal Health, volunteer at a local VA housing program, supporting veterans in anger management and teaching them meditation. It was here that Ian learned about the growing popularity of CBD among veterans.
Seeing the advantages CBD held, Ian wanted to provide those same benefits to Dante. After consulting with leading veterinarians, Ian created a line of CBD supplements specifically developed for pets.
With nearly $70 billion spent on pets each year in the United States, and the booming popularity of CBD health and wellness supplements, we are proud to have Phyto Animal Health forge a path into this new market.
AXIM® Biotechnologies Applies Proprietary Method for Extracting Cannabinoids
AXIM® Biotechnologies leads the industry in cannabinoid research and treatment innovation with 20 separate cannabis-based pharmaceuticals currently in development.
Giving AXIM® a further edge, the company announced earlier this year that it had successfully executed its proprietary current good manufacturing practices (“cGMP”) methods for extraction and microencapsulation of cannabinoid molecules. These high purity, microencapsulated cannabinoids are ideal for development into a variety of pharmaceutical applications.
Using these delivery systems, AXIM® Biotechnologies is developing a number of cannabinoid-based pharmaceutical treatments, many for hard to treat medical indications. AXIM® currently owns two patents and is awaiting confirmation of an additional 12 patent applications.
Medical Marijuana, Inc. Takes Steps to Enter Canadian Cannabis Market
With Canada announcing its intentions to legalize recreational marijuana, Medical Marijuana, Inc. is preparing our operations to move into this new legal cannabis market. Medical Marijuana, Inc. has signed a non-binding Letter of Intent (LOI) with Canadian company Salvation Botanicals, Ltd. to bring its internationally recognized cannabis products to the quickly growing Canadian cannabis market.
Medical Marijuana, Inc. plans to bring its popular line of CBD products to the Canadian market, potentially offering industry-leading brands like Real Scientific Hemp Oil (RSHO), Dixie Botanicals®, and Cannabis Beauty Defined® in the country.
Medical Marijuana, Inc. has also brought on leadership for its new Canadian efforts. Kenneth Smith has been hired as Medical Marijuana, Inc.’s Director of Canadian Operations. In this new role, Smith will be tasked with overseeing our expansion into the growing Canadian medical and recreational markets, including the introduction of existing Medical Marijuana, Inc. products, development of new cannabis brands, and the creation of distribution pipelines in the country.
Launch of First Non-Cannabis CBD Product
For the first time ever, Medical Marijuana, Inc. is offering a non-cannabis CBD product – RSHO-K. We introduced RSHO-K in June as our newest THC-free CBD supplement, allowing our customers to take advantage of the balancing effects of CBD without the concerns tied to cannabis.
RSHO-K is created with an extract of the Humulus kriya plant, a unique variety of hops found in India. Humulus kriya was discovered as a new source of CBD less than a decade ago by a team of doctors looking for an alternative to cannabis. It naturally contains high levels of CBD, as well as the terpenes beta-caryophyllene and humulene. The plant was selectively bred to further increase its CBD levels, creating a patented extract called ImmunAg, the main ingredient in RSHO-K.
Already widely used as an ingredient in the food and beverage industries, Humulus (hops) extracts are listed as GRAS – generally regarded as safe – by the FDA and is FSSAI (Food Safety and Standards Authority of India) approved, meaning they are available in a greater number of markets than cannabis-based products. This will help Medical Marijuana, Inc. continue to work towards our mission of extending access to cannabinoids like CBD to all who want it.
And New CBD Hemp Oil Products
Medical Marijuana, Inc. and our family of companies launched a number of other new products this month as well, keeping our line of products fresh and competitive in this ever-changing cannabis market.
Our brand Dixie Botanicals® introduced a flavorful new CBD vape. This ultra portable, disposable vape cartridge makes it easy to take your CBD with you for easy use when on the move and can be used wherever vaping is permitted for a fast, efficient method for discreetly getting your daily CBD.
The oil in these vapes is created with pure CBD distillate and flavored with natural terpenes for a slightly sweet citrus and pine flavor. Each 1 ml vape cartridge contains a total of 250 mg of CBD. We’ve included wick-free twin atomizers in our vape cartridges for a smooth, full vapor with every satisfying puff.
Dixie Botanicals® also added two new flavors in its popular Kicks energy chews. Dixie Botanicals® Kicks take advantage of the balancing, restorative effects of CBD, infusing this important compound into every bite-sized Kick, along with energy boosting B vitamins. Now, Medical Marijuana, Inc. has added two new flavors and a new formulation to their Dixie Botanicals® Kicks energy chews, increasing the versatility of the Kicks line.
In addition to the Dixie Botanicals® original chocolate Kicks, Medical Marijuana, Inc. has added two delicious new flavors – sour apple and mango citrus. These fruity new flavor options give our customers more choice than ever before when looking for a Kick of energy anytime throughout the day.
Every bite-sized sour apple Kicks energy chew is enriched with 99 percent pure CBD and 100 mg of caffeine, about as much as a strong as a cup of coffee. The Kick’s controlled release of caffeine provides sustainable energy without the crash or extra sugar and calories that come with energy drinks, coffee beverages, or other energy supplements. For those looking to avoid caffeine in their energy supplement, Dixie Botanicals® citrus mango energy chews provide energy through 60 mcg of Vitamin D3 instead.
Medical Marijuana, Inc. also officially launched Phyto Animal Health’s HempBone Bacon Apple Donuts CBD pet treats. These products are perfect for pet owners looking for a simple, unique way to add CBD to their pet’s diet each day.
HempBone Bacon Apple Donuts are artisanally-baked dog treats infused with 4 mg of CBD per chew and natural bacon and apple ingredients for a delicious daily CBD product. HempBone Apple Bacon Donuts are baked free of corn, wheat, and soy with a mouthwatering bacon, apple, and cinnamon taste your dog will love.
Medical Marijuana, Inc. subsidiary Kannaway also launched a number of new products this year, including its new pet care line, Power Protein diet supplement powder, Hempy’s hemp clothing line, and its KSolar and Kpower energy services. With these new products and services, Kannaway continues to expand its market reach through its network of brand ambassadors.
Featured on National TV
Medical Marijuana, Inc. and our family of companies could be seen on a number of nationally televised programs in 2018, including appearances on the History Channel and CBS.
Medical Marijuana, Inc. and several of our portfolio and investment companies were highlighted in a recent segment on the History Channel show Innovations with Ed Begley, Jr. The show typically looks at the most recent breakthroughs and developments from a wide range of industries. Medical Marijuana, Inc. and our family of companies were featured on the show dedicated to the cannabis industry.
You can see the full segment here.
Medical Marijuana, Inc. subsidiary HempMeds® and its flagship brand RSHO were also featured in a segment on the Emmy® Award-winning show The Doctors on CBS. The Doctors, which is hosted by experienced and board-certified doctors with top tier educations, mostly focuses on health and medical issues relevant to their viewers, giving advice and answering viewer questions. The Doctors is a spinoff of the popular Dr. Phil show and boasts an international audience from countries like Canada, Mexico, Australia, Ireland, Sweden, and Finland. The show receives more than a million viewers each day in the U.S. market, providing incredible exposure for our subsidiary HempMeds® and the RSHO brand of CBD oil products.
This is just a few of the many highlights from Medical Marijuana, Inc.’s year so far. To read more about updates from our family of companies, visit our news feed now.
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Author: Jeffrey Stamberger