SAN DIEGO, July 24, 2018 — Medical Marijuana, Inc. (OTC:MJNA), the first publicly traded cannabis company in the United States, today announced that its subsidiary Kannaway® has garnered international news coverage on leading financial news website The Street’s subscription publication Real Money.
A July 18, 2018, article on the Real Money website entitled “Bath Bombs and Muscle Creams: How Beauty Is Becoming the Fast Lane for Cannabis Growth” discusses the rise in the cannabis beauty market and features an in-depth interview with Kannaway® CEO Blake Schroeder.
Schroeder details the enormous amount of growth Kannaway® has experienced since starting its own cannabis skincare line, Cannabis Beauty Defined. In the article, he states: “Last year, the beauty line represented less than 5% of Kannaway’s business, until the company decided to refocus. The beauty segment shot up to almost 11% of the company’s sales.”
Kannaway® is the first hemp lifestyle network to legally offer hemp-based botanical CBD wellness products. A family oriented company, Kannaway® encourages its brand ambassadors to create their own successful distribution businesses that will positively benefit the wellbeing of the people around them. Under new management, the company has grown more than 50 times in revenue since 2016.
“It was an honor for our company to be featured in this article and Kannaway will continue to be a leader in the space, building upon the growth we’ve already experienced with our cannabis skincare line,” Schroeder said.
Real Money is a subscription-based product of leading financial website The Street. Real Money is aimed at active market participants and self-directed investors looking for timely, action-oriented market commentary and analysis. Its contributors include dozens of experienced financial analysts, traders, money managers and journalists.
Kannaway® is a network sales and marketing company specializing in the sales and marketing of hemp-based botanical products. Kannaway® currently hosts weekly online sales meetings and conferences across the United States, offering unique insight and opportunity to sales professionals who are desirous of becoming successful leaders in the sale and marketing of hemp-based botanical products.
About Medical Marijuana, Inc.
We are a company of firsts®. Our mission 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, visit www.medicalmarijuanainc.com.
To see Medical Marijuana, Inc.’s corporate video, click here.
Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.’s shop.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). These companies do grow, sell, and distribute hemp-based products and are involved with the federally legal distribution of medical marijuana-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.
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Author: Jeffrey Stamberger