SAN DIEGO, Jan. 30, 2014 (GLOBE NEWSWIRE) -- Medical Marijuana, Inc. (MJNA) (OTC Pink:MJNA) is pleased to inform shareholders and the general public that HempMedsPX"a corporate portfolio company of Medical Marijuana, Inc. and the exclusive master distributor and contracted marketing company for CannaVest Corp. (CANV) and Medical Marijuana, Inc. has signed an agreement to exclusively supply the world's first industrial cannabidiol (CBD)-rich hemp oil-based anti-aging Cannabis Beauty DEFINED" product line to a home-based business organization. An additional product line from HempMedsPX", HempVP", will be a non-exclusive offering by the home-based business organization. The contract is for a term of no less than two years. The details of contractual agreement remain confidential at this time.
Charles Vest, VP of Communications for HempMedsPX", states, "We are very excited about the revenue possibilities this opportunity represents. The first purchase order from the home-based business organization will be $1,072,251 in products that will ship before the end of the first quarter."
The home-based business industry is currently a $30 billion dollar a year industry, according to Direct Selling Association. More than 15 million people were involved in a home-based business in 2013.
Vest continues, "Combining the industrial hemp CBD-based anti-aging Cannabis Beauty DEFINED" line with another unique hemp CBD-rich vapor product, HempVP", this new home-based business organization will give their entrepreneurs an opportunity to capitalize on the exciting and massive cannabis industry."
The public will have an opportunity to preview Cannabis Beauty DEFINED" at the San Diego Union-Tribune (U-T)'s Successful Living Expo on Saturday, February 1, 2014 from 9:00 a.m. 4:00 p.m. The expo is open to the public and admission is free. Industrial hemp and anti-aging industry leaders will present "What's the buzz about CBD?"' from 11:15 a.m. 12:00 p.m. in the Town & Country ballroom at the Town and Country Resort & Convention Center at 500 Hotel Circle N. San Diego, CA 92108.
In addition to previewing Cannabis Beauty DEFINED", the full line of products that HempMedsPX" represents will showcase at the U-T Successful Living Expo, including:
- HempVP", a CBD-rich hemp oil vapor product.
- Cibdex" CBD-rich hemp oil drops and vegan capsules.
- Cibaderm" CBD-rich hemp oil infused body wash, shampoo, conditioner and lotions.
- Real Scientific Hemp Oil (RSHO) " natural CBD-rich hemp oil dietary supplement.
- CanChew" hemp CBD mint gum.
- are available for people of all ages
- are available for animals
- can be purchased directly in all 50 states and in more than 40 countries
These products can be purchased directly at:
|Real Scientific Hemp Oil|
HempMedsPX" represented the winner of the world-renowned 2013 High Times Cannabis Cup competition in Amsterdam , 2013 Seattle High Times Cannabis Cup and 2013 Michigan Medical Marijuana Conference "Green Cup" contests for Highest (hemp) CBD Concentrate.
HempMedsPX offers mainstream marketing, sales, customer service, and logistics for the cannabis industry. HempMedsPX is a corporate portfolio company of Medical Marijuana, Inc. (OTC Pink:MJNA) and the exclusive master distributor and contracted marketing company for CannaVest Corp. (OTC:CANV) and Medical Marijuana Inc. In addition to handling sales and distribution, HempMedsPX is the communication hub for the Medical Marijuana Inc. portfolio of companies.
About Medical Marijuana, Inc.
Our mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value. For more information, please visit the company's website at: www.MedicalMarijuanaInc.com
About CannaVest Corp.
CannaVest Corp. is in the business of investing and developing hemp-based cannabinoid companies. CannaVest Corp. also develops, produces, markets and sells end-consumer products to the nutraceutical industry containing the hemp plant extract, cannabidiol (CBD). Additionally, the company resellsto third partiesraw product acquired by CannaVest Corp. pursuant to the company's supply international relationships. CannaVest Corp. seeks to take advantage of an emerging worldwide trend to re-energize the production of industrial hemp and to foster its many uses for consumers. Cannabinoids (cannabidiol/CBD) are natural constituents of the hemp plant, and CBD is derived from hemp stalk and seed. Additional information is available from OTCMarkets.com or by visiting CannaVest.com.
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not intended to diagnose, treat or cure any disease.
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.
Medical Marijuana, Inc., CannaVest Corp., and HempMedsPX do not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). These companies do grow, sell and distribute hemp-based products and are involved with Federally Legal Distribution of Medical Marijuana-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.
CONTACT: For further information, please contact: Investor relations contact: Stuart T. Smith SmallCapVoice.Com, Inc. P. 512-267-2430 email@example.com Corporate Contact: Medical Marijuana, Inc. Toll Free: 888-OTC-MJNA (888-682-6562) www.medicalmarijuanainc.com www.facebook.com/mjnainc
Source: Medical Marijuana Inc 2014 GlobeNewswire, Inc.