Medical Marijuana Inc (OTCMKTS:MJNA) portfolio company Kannaway reported 42% sales growth from December 1, 2014 through February 25, 2015. and confirmed that it is nominated in category of Start-Up of the Year Award. Kannaway, LLC, is the first leading hemp lifestyle network marketing firm to sell natural cannabidiol hemp botanical products. During this period, Kannaway announced a letter of intent to be bought by the world’s first ever publicly traded cannabis firm that is none other than Medical Marijuana. The acquisition news was supported by increase customer confidence.
The details
Medical Marijuana stated that Kannaway experienced strong revenue during this period. The count of new Kannaway Brand Ambassadors surged 64%. Moreover, The Academy of Multi-Level Marketing confirmed that it has chosen Kannaway to be a part of 2014 Start-Up of the Year award. The legal counsel of Kannaway’s, Kevin Thomson was awarded 2014 Person of the Year by famous directsellinglive.com. He was even nominated by TAMM for Advocate of the Year.
The management view
Jeff Rogers who is the CEO of Kannaway said that it is an honor to be recognized by TAMM as one of the best startup firms in the industry. The objective of the company is to educate consumers on the facts associated with hemp history. It reflects the passion the brand ambassadors have for the company’s mission. The mission of Medical Marijuana’s portfolio company is to promote the message of the revitalization of Hemp in all possible regions.
The growth
Stuart Titus, PhD and the CEO of Medical Marijuana said that the company looks forward to continued growth of the growing global industrial hemp business. Most of the Medical Marijuana’s portfolio companies, including Kannaway, are concentrated on outreach through awareness and education of industrial hemp’s several practical uses. The management is both thrilled and proud at the progress that portfolio companies have achieved to date.
