Medical Marijuana, Inc. (OTC: MJNA) this morning announced that the company and its subsidiaries, Kannaway® and HempMeds®, have achieved the largest-ever sales revenue quarter in their history during Q1 2018. The company also reached major milestones in its business operations, including immense expansion and continued growth demonstrated by its HempMeds subsidiary and continued growth in Europe by its Kannaway subsidiary. Per the update, the company’s first quarter revenues surpassed $10.5 million, an increase of more than 190% over the same period of the previous year. Total gross profits for Q1 2018 also recognized an increase of more than 30% as compared to Q1 2017. “In Q1 2018, we had the best revenue quarter in the history of our company,” Medical Marijuana, Inc. CEO Dr. Stuart Titus stated in the news release. “We’re excited that, with the help of our investors, spokespeople and customers, we’ve experienced tremendous growth and the company is positioned well for continued explosive expansion.”
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About Medical Marijuana, Inc.
Medical Marijuana Inc. is a cannabis and hemp industry innovator, leveraging its team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. The company strives to create awareness within the industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value. For more information, visit the company’s website at www.medicalmarijuanainc.com.
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