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

, tractability and our ability to quickly launch products. The company believes HempMeds has the ability to create groundswells within the cannabis and hemp industry online product sales and marketing community.
  • The company has greatly expanded its portfolio of products and has put these products into manufacturing over the first quarter of 2013. These products are to be launched this month. Products include CBD-Vape oil and vaporizers, reformulated and branded CBD product lines, Bulk Wholesales raw ingredients, CanChew Over the counter CBD gum, Flavored Vape-CBD product lines and many more.
  • The Company continued to explore several potential acquisition and investment opportunities in established cannabis and hemp related businesses. Expecting closings in May, 2013.
  • Update on Audit-

    In addition, since the close of the first quarter, Medical Marijuana, Inc. continued to retain its auditing firm to perform the audit of its financial records for the quarter ending March 31, 2013 and all the way back for a twenty four month audit history. The Company completed all of the pre-audit work during Q4 and submitted its first audited financials for the quarter ending December 31, 2012. We expect the twenty four months of audit history to be completed no sooner than the end of Q2 of 2013.

    Update on DTC-

    The company had previously submitted all requested documentation from the Depository Trust Corporation (DTC) for the requested "chill" removal, since then the DTC has requested some additional documentation which will be submitted to them in April. Our corporate counsel has addressed in writing and written a legal opinion letter for the DTC to address their questions.

    Update on up listing and fully reporting status with SEC.

    The company has positioned itself to become fully reporting with the Securities and Exchange Commission (SEC) once the twenty four month audit history is completed by the PCAOB auditing f
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    SOURCE Medical Marijuana, Inc.
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