Medical Marijuana Inc (OTCMKTS:MJNA) just announced that its subsidiary Kannaway, “the first direct selling company to offer cannabidiol (CBD) hemp botanical products”, has attracted new leadership to its Brand Ambassador base. According to the release, “The company is proud to announce that Gordon Oswald and Glade Poulsen have joined the company, both bringing their vast, decade-spanning successes in the direct selling industry to the team.”
Kannaway CEO Blake Schroeder said, “These gentlemen will represent our company well and we could not be more excited about the future of Kannaway. We are confident that their leadership will pave the path for the company’s continued growth and success.”
Medical Marijuana Inc (OTCMKTS:MJNA) bills itself as an investment holding company that operates in the medical marijuana and industrial hemp markets.
The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!
Its products range from patented and proprietary based cannabinoid products to seed and stalk or isolated high value extracts manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries. The company licenses its proprietary testing, genetics, labeling and packaging, tracking, production, and standardization methods for the medicinal cannabinoid industry.
It engages in the research and development of cannabinoid-based pharmaceuticals; and marketing and distribution of cannabidiol hemp oil-based products. In addition, the company provides management support and services to cooperatives, collectives, health and wellness facilities, and medical clinics; and consulting and securities services to businesses and individuals in the legal cannabis industry.
It’s subsidiary, Kannaway, is a network sales and marketing company specializing in the sales and marketing of hemp-based botanical products. Kannaway currently hosts weekly online sales meetings and conferences across the United States, offering unique insight and opportunity to sales professionals who are desirous of becoming successful leaders in the sale and marketing of hemp-based botanical products.
Further, it focuses on the treatment of pain and other medical disorders with the application of chewing gum-based cannabis/cannabinoid medical products.
In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($3.8M against $2.1M).
Always Be Closing
As noted above, MJNA just announced that its subsidiary Kannaway, “the first direct selling company to offer cannabidiol (CBD) hemp botanical products”, has attracted new leadership to its Brand Ambassador base.
According to the company’s release, “Both of these new Kannaway Brand Ambassadors will be working with Randy Schroeder. He has been a leader with Kannaway for several years and has worked his way to earn Crown Ambassador Elite rank. He has been recognized numerous times for his dedication to educating others about Kannaway’s CBD hemp oil products.”
This news, while obviously helpful, figures into a tape that has been defined by some heavy action, with shares of MJNA dealing with some pressure, but coming back on the news to close the last five days more or less flat. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -8%.
“There is no such thing as independent success in Kannaway. We achieve the most when we put our heads together and use our collaborative knowledge to find creative solutions,” Schroeder said. “Gordon and Glade have a combined 50 years of experience in the direct selling industry and their efforts have helped generate over three billion dollars in product sales and distribution for some of the finest companies in the direct selling industry.”
Medical Marijuana Inc (OTCMKTS:MJNA) pulled in sales of $14.8M in its last reported quarterly financials, representing top line growth of 159.5%.
Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!
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