Medical Marijuana, Inc. Subsidiary HempMeds® Latin American Operations Achieves Best Revenue Month Ever in June 2021
Medical Marijuana, Inc. (MJNA) announced record revenue for its subsidiary HempMeds® in June 2021, achieving an 84% increase compared to May and a 12% increase year-over-year. This marks HempMeds®' best revenue month in the company's history. The growth is attributed to expanding operations in Argentina and a new distribution agreement in Mexico for CBD products. HempMeds® continues to set milestones in Latin America, highlighting its ambition to become a global leader in the cannabis sector.
- Revenue increased by 84% in June 2021 compared to May 2021.
- Achieved a 12% revenue increase year-over-year in June.
- Introduced a new distribution agreement in Mexico for CBD products.
- HempMeds® reported its best revenue month ever.
- None.
SAN DIEGO, CA, July 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Medical Marijuana, Inc. (OTC: MJNA) (the "Company"), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that the Latin American operations of its subsidiary HempMeds® achieved its best revenue month ever in the history of the Company in June 2021.
In Latin America, the Company increased its revenue by 84 percent compared to its revenue in May 2021. Compared to June 2020, the Company increased its revenue by 12 percent.
“This is a very exciting accomplishment and we hope that shareholders and customers alike can view this as a promising sign that our Company continues to expand on its international growth and become the world’s first truly global cannabis company,” said HempMeds® CEO Raul Elizalde. “Our Argentinian operations are growing every month and in Mexico, we just signed a distribution agreement with a large retailer to sell our CBD products nationwide. We are very proud that our product RH Oil, the first-ever CBD product to be imported into Mexico, has become the most recommended CBD product by doctors in Mexico.”
Previously, HempMeds® Latin American operations achieved its highest revenue month in the history of the company in February 2021, signaling that the Company is continuing to set new milestones and grow quicker this year than in any previous year.
To learn more about HempMeds® and its international operations, please visit www.hempmedspx.com.
About HempMeds®
Founded in 2012, HempMeds® was the first company to bring hemp-based cannabidiol (CBD) oil products to market in the U.S. As a subsidiary of Medical Marijuana, Inc., HempMeds is the exclusive distributor for premium brands including Real Scientific Hemp Oil™ and Dixie Botanicals®, and operates in all 50 states and 40 countries. HempMeds® is the only company to have its CBD products listed in the Prescribers’ Digital Reference (PDR), the only company invited to speak to the World Health Organization and FDA on the benefits of CBD, and one of the first to be certified by the U.S. Hemp Authority. To learn more, please visit www.hempmedspx.com.
About Medical Marijuana, Inc.
We are a company of firsts®. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway® and HempMeds®; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including AXIM® Biotechnologies, Inc. and Neuropathix. Medical Marijuana, Inc. was named a top CBD producer by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company's flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.
Medical Marijuana, Inc.'s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting 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.
FORWARD-LOOKING DISCLAIMER
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 Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.
LEGAL DISCLOSURE
Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.
CONTACT:
Public Relations Contact:
Kathryn Brown
Account Director
CMW Media
P. 858-264-6600
kathryn@cmwmedia.com
www.cmwmedia.com
Investor Relations Contact:
P. (858) 283-4016
Investors@medicalmarijuanainc.com
FAQ
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