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Medical Marijuana, Inc. Reports Record First Quarter 2013 Revenue and Income
Date:4/11/2013

usive use of its name. MJNA also signed a contract with CANV to outsource its manufacturing as well as its hemp production\cultivation. The transaction allowed MJNA to streamline its focus to its core industries while still allowing the company to benefit for the production, distribution and growth of the brand and its licensee.
  • PhytoSPHERE Systems proprietary extraction technology helped the Company produce cost effective, high value CBD oil with concentrations of up to 85% by volume and expects to have full scale production of a 95% plus pre CBD extract in May of this year.
  • PhytoSPHERE successfully produced its first CBG (Cannabigerol) and CBGA (Cannabigerol-Acid) containing hemp oil. Opening up an entirely new market for product development and sales, as well as wholesale raw ingredient sales opportunity. CBG and CBGA have shown to have extensive health and wellness benefits.
  • PhytoSPHERE signed additional contracts to provide for significant expansion of its hemp oil products line. Expected to more than quadruple last year's production.
  • Company expanded its US based laboratory with additional team members and equipment. MJNA actively hiring in all departments. Company signed additional lease space for its expansion.
  • Canchew CBD gum is in full scale Over the Counter product manufacturing and production. Product sales to start third week in April.
  • The Company finalized plans for Canchew biotechnologies European clinical trials beginning in 2013. MJNA provided $12 million in MJNA equity to secure its product development, clinical trials and expansion costs.
  • Rebranding started of CanChew Biotechnologies Corporate Website to be completed in April, updates include: Clinical development path with timelines and interactive update modules, additional and expanded research library.
  • Rebranding and launch started of the Canchew over the counter product sales and informational website, whic
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  • SOURCE Medical Marijuana, Inc.
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