Latest Medical Marijuana Inc. Stories
SAN DIEGO, April 12, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) is pleased to announce it has acquired an 80% stake in PhytoSPHERE Systems from CannaBANK Inc. CannaBANK through its wholly owned subsidiary PhytoSPHERE Systems recently acquired from PharmaSphere, LLC the right to purchase the exclusive worldwide license for all cannabis, hemp and cannabinoid based products under terms previously announced. "With the purchase of PhytoSPHERE Systems, this truly sets us...
SAN DIEGO, April 4, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) is pleased to announce it has signed contracts with a European-based Pharmaceutical company for the purchase and development of a patented cannabinoid drug delivery product. The delivery method, in the form of a non-smoked product, will be able to provide benefits of cannabinoid-based healthcare research to medical professionals and patients seeking such innovative products. The product can be formulated in...
SAN DIEGO, March 22, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC Pink Sheets: MJNA) is pleased to announce an update for shareholders of recent corporate activities and events. Numerous transactions are in various stages of development, negotiations, closing and integration that will have a significant positive contribution to the Company's bottom line. The company has been finalizing the purchase of a portfolio of patented cannabinoid based products as well as several...
SAN DIEGO, March 2, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) announced today it has closed on the financing agreement with CannaBANK Inc, a private equity firm specializing in the capitalization and development of cannabis and hemp businesses. The company would like to updated shareholders on the terms of the agreement and the subsequent use of funds. Effective March 1, 2012 Under the terms of the transaction, CannaBANK Inc. shall provide four million ($4,000,000) in...
SAN DIEGO, Feb. 28, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) is pleased to announce it has reached a finance agreement with CannaBANK Inc (CB) for up to four million dollars in equity for the acquisition and development of several pending technologies, patents and operating businesses. CannaBANK will provide the required equity on a non-dilutive basis for an eight percent royalty of each licensed facility or developed product and a twenty percent equity stake in...
SAN DIEGO, Feb. 7, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) is pleased to announce its wholly owned subsidiary Wellness Managed Services has signed an additional management contract which is expected to increase annual revenue by $1,100,000. The company's 4th quarter revenue increased in excess of 116% over the prior quarter from $198,812.60 to $430,139.36. Since the close of the first quarter 2011, to the close of the fourth quarter 2011, company revenue had increased...
SAN DIEGO, Feb. 3, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) is pleased to announce the results for its quarter ending December 31, 2011. The company's revenue increased in excess of 115% over the prior quarter from $198,812.60 to $430,139.36. Since the close of the first quarter 2011, to the close of the fourth quarter 2011, company revenues have increased an accumulative 3941%, and quarter over quarter since the first quarter 2011 have had a compounded quarterly...
SAN DIEGO, Jan. 10, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) the first publicly held company vested in the medical marijuana and industrial hemp industries, is pleased to announce that its quarter over quarter revenue ending December 31, 2011 has increased in excess of one hundred (100%) percent. "As many of you know, there were many challenges that faced the industry in 2011, for which we are extremely pleased with the increase in revenue and the overall numbers...
SAN DIEGO, Dec. 23, 2011 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) is the first publicly held company vested in the medical marijuana and industrial hemp industries. The company is comprised of a diversified portfolio of hemp and cannabis based businesses. These businesses range from hydroponic stores, to pharmaceutical compounds derived legally from the hemp plant. The company has gone through many changes over the course of the past few years, some expected and some unexpected...
SAN DIEGO, Nov. 18, 2011 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA) is proud to announce the execution of an option to acquire 100% of PharmaSphere, LLC. PharmaSphere, a cutting edge biotechnology company which has a solution for the production of high value bio-compounds sourced from plants that can be used as active pharmaceutical ingredients. The production of transgenic plants (genetically engineered plants) for the biotechnology revolution is the cornerstone of PharmaSphere's...
