Medical Marijuana Inc (OTCMKTS:MJNA) has posted revenues of $75.6 million in 2019. It is an increase of 26.3% when compared to 2018. The adjusted EBITDA has improved to $139,000 when compared to the loss of $1.2 million in the year 2018. Kannalife Inc, a portfolio investment company of Medical Marijuana, commenced trading under the ticker symbol – ‘KLFE’ on the OTC Markets.
Dr. Stuart Titus invited to speak on CBD products at FDA hearing
Dr. Stuart Titus, Chief Executive Officer of Medical Marijuana received an invitation to deliver a lecture on CBD and cannabis products at the FDA hearing in May 2019. He is one among the sixty-five cannabis experts to speak at a public event for determining how to regulate the products that comprise cannabis as well as its derivatives. The US FDA is gathering the opinion of the experts to legalize cannabis.
Under the leadership of Dr. Stuart, its portfolio companies have developed several CBD products to provide wellness benefits to the consumers. It has provided access to CBD to consumers and patients from over 40 nations across the world.
US Hemp Authority certification seal
The US Hemp Authority has provided certification seal to the subsidiaries of Medical Marijuana that comprise Kannaway, Dixie Botanicals, and HempMeds. Kannaway and HempMeds are the first companies to feature their CBD products in the Prescribers’ Digital Reference.
Dr. Stuart said Medical Marijuana, along with its subsidiaries, have successfully carried out the growth initiatives and the action plan that helped to post better results in 2019. The company could improve its revenues in 2019 and incorporate strategic adjustments to the expenditures to focus on the bottom line.
Medical Marijuana is continuing to report upbeat growth in its international operations in Latin America and Europe. The company is also exploring opportunities in Asia. Chief Operating Officer of Medical Marijuana, Blake Schroeder, said these best efforts will help to improve value for the shareholders and introduce industry-leading products in the markets across the world.
Yahoo Finance has recognized Medical Marijuana as one of the top five hemp-based CBD companies. HempMeds has introduced several innovative products that comprise personal care products for skin and hair, and RSHO Maximum Strength CBD Oil and Everday Wellness products.
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