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.”
To view the full press release, visit http://nnw.fm/8OrWu
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.
More from NetworkNewsBreaks
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
For more information, please visit https://www.NetworkNewsWire.com
New York, New York