Medical Marijuana Inc (OTCMKTS:MJNA)’s Subsidiary – HempMeds entered a pact with Sezzle to offer alternative payment solutions to its customers. According to the deal, the alternative digital payment platform – Sezzle allows customers to buy items from HempMeds with a 25% down payment and pay the balance amount in three installments. It is a boon for customers on a budget. They can make the balance payment every two weeks (total 3 EMIs) after initial down payment.
Three EMIs for customers on a budget
Todd Morrow, President of HempMeds, said the customers find it difficult to pay for the items purchased online during the festive season. To help the customers purchase their favorite items from HempMeds, Sezzle offered an alternative payment solution and assumes the risk for the balance amount. He further said the company intends to improve the shopping experience for the customers and ease the financial difficulties.
First to introduce hemp-based CBD oil products
HempMeds is the first company to offer hemp-derived CBD products in bulk quantity for customers in the US. It also gets the credit to obtain important approvals for cannabidiol products from the federal governments in Paraguay, Mexico, Brazil, and Argentina. HempMeds is the first company to get its products certified by Hemp Authority in the US. Prescriber’s Digital Reference has listed the products of HempMeds.
Online search volume for CBD surges
Dr. Stuart Titus, Chief Executive Officer of Medical Marijuana, said online search volume for CBD products has surged by 117.7% this year when compared to the previous year. Alliance with Sezzle will improve customers searching online to purchase CBD products. As a result, more people will get access to its CBD products.
Operational and financial highlights
Medical Marijuana has reported revenues of $17.7 million in Q3 2019. HempMeds has introduced the new CBD products for pets. Medical Marijuana’s subsidiary – Kannaway received the membership in the Industrial Hemp Association of Europe. Both Kannaway and Medical Marijuana have received two Stevie Award International Business Awards. To develop and market CBD DNA test products, Kannaway entered a pact with Endocanna Health.
Stuart said Medical Marijuana, along with its subsidiaries, is pleased to continue the operations in the hemp-derived CBD industry. He said the company is encouraged with favorable regulatory developments and the flourishing CBD market worldwide.