Medical Marijuana, Inc. (OTC: MJNA) and its subsidiary Kannaway “booked the largest-ever (unaudited) sales revenue in its history in March of 2018” according to a statement released by the company.
Medical Marijuana March Madness
Medical Marijuana made several moves throughout March that contributed to their record-breaking month. Through the first-ever hospital sponsored cannabis symposium in Rio Grande do Sul, Brazil, Medical Marijuana agreed to provide materials to support the Lutheran University of Brazil (Ulbra)’s “research to evaluate the use of CBD in patients with Parkinson’s disease in partnership with Dr. Kelson James Almeida, neurologist and current technical director of the Integrated Rehabilitation Center (CEIR)”, as reported by Guacha Saude. This research has the potential to validate CBD use and remove general the stigma. The company’s CEO Dr. Stuart Titus is hopeful that the “research conducted in partnership with the university will provide more information to the medical community and lessen the resistance to the use of cannabidiol” per the company’s statement.
March was also a month that draw favorable media attention the company’s way.
In addition to the CBD research in Brazil, their subsidiary Dixie Botanicals released new Energy Kick flavors which lead to “positive news coverage in several national and international publications including CBS’ The Doctors, The Washington Post, Epicurious, Glam and more” according to the company’s website.
Dr. Titus hinted that the there is more good news from last year’s numbers. In the same statement Dr. Titus said, “[w]e look forward to sharing our full 2017 results in our Annual Report which will be filed this month,” and Dr. Titus has reason to be excited.
The announcement of March’s success comes as the company reported recorded breaking numbers for January and February 2018.
In March, Medical Marijuana announced that February 2018 “generated the largest-ever (unaudited) revenue month in its history.”