Medical Marijuana Inc (OTCMKTS:MJNA) portfolio firm Kannaway posted 42% sales growth for period December 1, 2014 through February 25, 2015. The company said that it is included in category of ‘Start-Up of the Year Award’. Its arm, Kannaway, LLC, is the first ever firm that focuses on hemp lifestyle network marketing in order to bring natural cannabidiol hemp botanical offerings to customers. In the mentioned period, Kannaway confirmed that it received a letter of intent to be purchased by the world’s first publicly-traded ‘cannabis’ firm known as Medical Marijuana. It was the acquisition news of the Kannaway that boosted confidence in Medical Marijuana’s stock.
Medical Marijuana reported that Kannaway recorded robust revenue during this period. The total count of Kannaway Brand Ambassadors jumped sharply by 64%. Also, the company announced that The Academy of Multi-Level Marketing included Kannaway in the list of 2014 Start-Up of the Year award. Kevin Thomson who is the legal counsel of Kannaway was awarded Person of the Year 2014 by directsellinglive.com. Thomson was even nominated in category of Advocate of the Year by TAMM.
The management speaks
Jeff Rogers who is the Chief Executive of Kannaway stated that it is a great honor to be acknowledged by TAMM. The prime goal of the company is to make consumers aware about the facts related with hemp history. The initiatives highlight the fervor the brand ambassadors feel towards the company’s mission. The objective of Medical Marijuana’s portfolio firm is to support the significance of the revitalization of Hemp in all potential regions.
Stuart Titus, PhD and the Chief Executive of Medical Marijuana Inc (OTCMKTS:MJNA) stated that the management looks forward to extended growth of the nascent global industrial hemp market. Most of the portfolio companies are concentrated on extending outreach through spreading awareness and imparting education on industrial hemp’s practical uses.