SAN DIEGO, March 31, 2015 (GLOBE NEWSWIRE) -- Kannaway, LLC, the first hemp lifestyle network marketing company to offer natural cannabidiol (CBD) hemp botanical products, is proud to announce that it has achieved a significant increase of 42% in new sales revenue from December 1 through February 28.
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During this time, the Company announced a letter of intent to be acquired by the world's first publicly traded cannabis company, Medical Marijuana, Inc. (OTC Pink:MJNA). The news of the acquisition was met by an increase in consumer confidence; in the same timeframe that Kannaway experienced this enormous revenue growth, the number of new Kannaway Brand Ambassadors also increased by an astounding 64%.
In addition, The Academy of Multi-Level Marketing (TAMM) announced that it has nominated Kannaway for their prestigious 2014 Start-Up of the Year award. Kannaway's legal counsel, Kevin Thomson of Thompson-Burton who recently was awarded 2014 Person of the Year by directsellinglive.com and distributor magazine, was also nominated by TAMM for 2014 Advocate of the Year.
"It is an honor to be recognized by The Academy of Multilevel Marketing as one of the Best New Startups in our industry," states Kannaway CEO Jeff Rogers. "Kannaway is on a mission to educate consumers on the truth about hemp history. This nomination is a reflection of the passion our Brand Ambassadors have for our mission and our movement as we share the message of the revitalization of Hemp in every city in America! Kannaway is proud to do our part in reestablishing hemp consumer products in the global marketplace."
Fifty company nominations were announced by TAMM in the following categories: Company of the Year, Hall of Fame, Trainer of the Year, Start Up of the Year, Product of the Year, Distributor of the Year, CEO of the Year, Support Company, Advocate of the Year, and Humanitarian of the Year. According to the TAMM website, the organization's academy members will conduct research and submit ballots. Once the voting has been concluded, audited and verified, award recipients will be announced during an online ceremony. Details can be viewed at http://academyofmlm.com/default/awards.html
Medical Marijuana, Inc.'s newly appointed Chief Executive Officer, Stuart Titus, PhD, recently addressed the "Kannaway Nation" explaining his professional background and vision for expanding the industrial hemp industry through MJNA's portfolio companies including Kannaway. On the call, Dr. Titus detailed his extensive background in Wall Street finance with a track record of raising billions in capital for municipalities and both private and public corporations around the USA. Dr. Titus also has experience in integrative medicine as a clinician with several medical facilities in the Carolinas. Having worked closely for four years with the management group that acquired MJNA from its founders, Dr. Titus most recently led General Hemp, the originators of Kannaway.
"We look forward to continued growth of the global industrial hemp business," states Stuart Titus, PhD and Chief Executive Officer of Medical Marijuana, Inc. "Most of MJNA's portfolio companies and investments, including Kannaway, are focused on outreach through education and awareness of industrial hemp's many practical uses. We are both very proud of and thrilled at the progress that these companies have achieved to date."
Dr. Titus continues, "All of our portfolio companies are pioneers in the rapidly growing global cannabis industry. Companies like Kannaway will continue to introduce new everyday use consumer products that include all-natural hemp CBD oil to benefit customers of their Brand Ambassadors and marketing agents. These 'category creator' products are essential to fueling a continuation of the monumental growth and success that Kannaway has experienced in the network marketing industry. We look forward to seeing the impact that these innovative industrial hemp-based products will have on markets including nutritional health and wellness."
Kannaway's hemp lifestyle product lines consist of:
Rev!ve™ PRO
This industry-leading advanced nutritional supplement is touted as "the single biggest impact product in the history of network marketing." Each Rev!ve Pro™ tube contains over 1500mg of whole food CBD from hemp paired with synergistic Bi-Bong™ herbs, Vitamins D, and organic MCT oil for optimal absorption. This time-tested, proprietary Bi-Bong™ herbal formulation of all-natural & organic ingredients helps to:
- Increase results and benefits of CBD by enabling proper absorption and assimilation of this formula
- Rebalances one's condition
- Increase overall energy
- Promote proper digestion
HempVĀP® PREMIER
The patented lifestyle vaporizer pen, HempVĀP® PREMIER, provides all-natural Bi-Bong™ formulations in interchangeable flavored cartridges. Add to your daily routine: VITALITY with green apple in the morning, INSPIRATION with grape in the afternoon, and PEACE with chocolate mint in the evening.
Great for sustained energy on-the-go, KannaKick™ packs natural encapsulated caffeine that releases over time. Easier to transport than energy drinks, each KannaKick™ is just 20 calories and features 5mg of CBD hemp oil per piece. Great tasting flavors are: sour apple, icy mint, chocolate fudge, orange mango, and cinnamon fire.
Kannactiv™ daily regimen for troubled skin is made of all-natural high-quality formulas designed to provide deep nourishment and bring balance to your skin. Kannactiv™ works to detoxify your pores clearing excess oil, dirt, and irritants that lead to blemishes and an unhealthy-looking complexion. Kannactiv™ Activate, Balance and Clarify are infused with antioxidants found in natural hemp, specifically cannabidiol (CBD) and boosted with proprietary East Asian herbal formulas. These proven Bi-Bong™ formulas and traditional plant-based extracts found in Kannactiv™, have been passed down by revered doctors of East Asia as highly effective natural treatments for troubled skin.
Using proprietary formulations that were passed down through generations of master herbalists, the key ingredients found in Defined Anti-Aging products are more than just a combination of herbal extracts. The main component of the Defined product line is never water or alcohol, but always our luxurious East Asian herbal formulations.
This luxury anti-aging, all-natural product line consists of: cleanser, exfoliant, moisturizer, day & night serum, toner, salve, soak, and capsules. The Defined Transformation capsules provide 4mg of hemp CBD oil per capsule.
For more information on Kannaway™, visit the Company website.
About Kannaway, LLC
Kannaway, LLC, is a network sales and marketing company specializing in the sales and marketing of hemp-based botanical products. Kannaway currently hosts weekly online sales meetings and conferences across the United States, offering unique insight and opportunity to sales professionals who are desirous of becoming successful leaders in the sale and marketing of hemp-based botanical products.
About Medical Marijuana, Inc.
Our mission is to be the premier 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.
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.
FORWARD-LOOKING DISCLAIMER
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.
LEGAL DISCLOSURE
Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). The Company does grow, sell and distribute hemp-based products and are involved with the federally legal distribution of hemp-based products within certain international markets. Cannabidiol is a natural constituent of hemp oil.
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