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Medical Marijuana, Inc. Reports Q1 2020 Financial Results

DSN Staff
Medical Marijuana, Inc. Reports Q1 2020 Financial Results

July 1, 2020

Medical Marijuana, Inc. (MJNA), parent company of direct seller Kannaway, announced financial results for the quarter ending March 31, 2020.

Highlights of the quarter included:

  • MJNA generated $13.3 million in net revenue in first quarter of 2020;

  • Subsidiary Kannaway named the Most Popular Cannabidiol (CBD) MLM Company by HealthMJ;

  • Kannaway expanded international operations into Russia, Kazakhstan and Kyrgyzstan and became the first company to legally import CBD products into Russia; and

  • Kannaway welcomed renowned wellness expert and Certified Nutrition Coach Daniel Miller to its team.

“I am extremely proud of the many operational accomplishments of the company during the first quarter of 2020,” said Medical Marijuana, Inc. COO Blake Schroeder. “We were able to announce the company’s expansion into new markets such as Russia and Vietnam. Our pharmaceutical investment companies announced clinical studies as well as acquisitions that further position the portfolio of companies as global leaders in the cannabis sector.”

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