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Medical Marijuana, Inc. Subsidiary Kannaway Expands Leadership Team With Appointment of Industry Veterans to Roles of Executive Vice President and Vice President of Information Technology

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Medical Marijuana, Inc. (OTC: MJNA) has announced the appointment of industry veterans Mike Randolph and Mike Kolinski to leadership positions within its subsidiary, Kannaway. Randolph, with 31 years of experience, will oversee communications, customer service, and compliance, while Kolinski, a 25-year IT veteran, will manage web and back-office systems focusing on sales. This move aims to enhance Kannaway's global operations amidst ongoing international expansion, emphasizing clarity in its communications and processes to drive positive change in the cannabis industry.

Positive
  • Appointment of experienced leaders Randolph and Kolinski may strengthen company operations.
  • Focus on improving communication and compliance could enhance brand reputation.
  • Leadership changes align with international expansion goals for Kannaway.
Negative
  • Concerns about continuity if leadership styles significantly change.
  • Potential experience gaps in newly created positions may affect operational efficiency.

Direct Selling Subsidiary Taps Network Marketing Legends to Lead Communication and Information Technologies as Company Continues International Expansion

SAN DIEGO, CA, Nov. 29, 2022 (GLOBE NEWSWIRE) -- via NewMediaWireMedical 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 its subsidiary Kannaway, has appointed two industry veterans to leadership roles within the organization; Mike Randolph as Executive Vice President and Mike Kolinski as Vice President of Information Technology.

Mr. Randolph is a 31-year veteran of the industry bringing a combination of entrepreneurial spirit and a diverse professional background with him to Kannaway. He will be charged with oversight of Kannaway’s internal and external communication, customer service and compliance.

“Even if you knew what you were looking for, you could search your entire life and not find a company like Kannaway, with its remarkable founders, captivating story, and its outstanding corporate and field leadership teams,” said newly appointed Executive Vice President Mike Randolph.

Newly appointed Vice President of Information Technology Mike Kolinski brings 25 years of industry experience, having worked in both sales and customer support roles, before taking on a leadership role in information technology where he has held the Vice President title for nearly two decades. Mr. Kolinski has overseen systems for large organizations and will be tasked with managing all web and back-office infrastructure for Kannaway, with an emphasis on sales and commission systems.

“Expanding a cannabis company throughout the world can be complex.  For that reason, the number one value at our company is clarity.  I’m confident that both Mr. Randolph and Mr. Kolinski will help us in our efforts to simplify and make more clear our efforts and message as we push to drive positive global change.”

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.

About Kannaway

A proud member of the US Hemp Authority, Kannaway manufactures and markets some of the world’s most innovative wellness products sourced from the hemp plant, one of the earth’s oldest natural resources. With countless practical uses, including wellness, nutrition, textiles, and renewable construction materials, Kannaway’s goal is to reestablish hemp as an essential part of global commerce and agriculture. With this goal in mind, Kannaway continues as a pioneer in legally delivering cannabidiol (CBD) Products across the US and to over three dozen other countries around the world, following the strictest of GMP practices and producing some of the highest quality products found anywhere in the world.  Kannaway is now one of the largest and fastest growing hemp farming and processing companies in the world.

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:
Kyle Porter
CEO
CMW Media
P. 858-221-8001
mjna@cmwmedia.com
www.cmwmedia.com

Investor Relations Contact:
P. (858) 283-4016
Investors@medicalmarijuanainc.com



FAQ

Who are the new leaders appointed at Medical Marijuana, Inc. subsidiary Kannaway?

Mike Randolph has been appointed as Executive Vice President, and Mike Kolinski as Vice President of Information Technology.

What roles will the new executives play at Kannaway?

Randolph will oversee communications, customer service, and compliance, while Kolinski will manage IT infrastructure related to sales and commissions.

Why were these appointments made at Kannaway?

The appointments aim to enhance operational clarity and support international expansion efforts.

How might these leadership changes impact Medical Marijuana, Inc.'s stock performance?

Strengthening leadership could positively affect operations, potentially improving investor confidence and stock performance.

MEDICAL MARIJUANA INC

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