InvestorsHub Logo
Followers 292
Posts 76099
Boards Moderated 3
Alias Born 03/20/2013

Re: None

Sunday, 08/20/2017 5:41:30 PM

Sunday, August 20, 2017 5:41:30 PM

Post# of 238014
6-28-17 MJNA OPENS FIRST HEMPMEDS MEXICO OFFICE_IN_MONTERREY_MEXICO!!!

Medical Marijuana, Inc. Inaugurates First HempMeds® Mexico Office In Monterrey Mexico As Demand Grows For Company's Zero-THC CBD Hemp Oil Across Country

EXCERPT FROM PR AS FOLLOWS:

Company Appoints Medical Cannabis Advocate and Por Grace Foundation Founder Raul Elizalde as General Manager; Mexico Office to Become Distribution Hub for RSHO-X™, First-Ever Federally Approved CBD Hemp Oil Product in Mexico

SAN DIEGO, June 28, 2017 /PRNewswire/ -- Medical Marijuana, Inc. (MJNA) today announced that its subsidiary HempMeds® Mexico inaugurated its first office in Monterrey, Nuevo Leon, Mexico, as demand continues to grow for the Company's zero-Tetrahidrocannabidiol (THC) Real Scientific Hemp Oil-X™ (RSHO-X™) across the Country. The Company also announced that it appointed medical cannabis activist and Por Grace Foundation founder Raul Elizalde to lead the Company's strategy in Mexico as General Manager.

The new office will serve as the Company's hub for the sales, marketing and distribution of RSHO-X™ to distributors and patients in Mexico. The Company will invest several million dollars over the next year to start scientific research, product development and continue implementing educative programs for health professionals to inform them about the potential benefits of treating neurodegenerative disorders with cannabis. The Company will increase its investment in these areas of interest as market demand grows.

"This new office opening is exciting, as our Company will now be operating on the ground in Mexico, a Country where medical marijuana just became officially legalized," said Medical Marijuana, Inc. CEO Dr. Stuart Titus. "We are confident that Raul's vast experience and diligent work for many years to make the therapeutic use of cannabinoids legal in Mexico will help our Company become even more successful in Mexico by navigating the Country's new federal laws to provide patients in the Country with access to RSHO-X™."

With its over 120 million residents, Mexico represents a potential $1 to $2 billion cannabidiol (CBD) hemp oil market over the next ten years for Medical Marijuana, Inc. RSHO-X™ was the first-ever cannabis product to receive approval from the federal government of Mexico, via a COFEPRIS permit, for importation.

Medical Marijuana, Inc.'s HempMeds® Mexico furthered its efforts to encourage cannabis reform through its close ties with its nonprofit partner in Mexico, the Por Grace Foundation. Following a 2015 court ruling, eight-year-old Grace Elizalde became the first patient in Mexico to legally access and use CBD. Grace's father, Raul Elizalde, started the Por Grace Foundation to further access to CBD by advocating for patients, hosting public forums, and meeting with government officials. Raul joined President Peña Nieto on stage last April as the leader announced the country would pursue medical cannabis reform.

Mexico's wealthiest city Monterrey, where the new HempMeds® Mexico is located, is a dynamic city with a high concentration of businesses and highly skilled talent. In addition, its central geographic location will serve as a strategic bridge to South and North America for San Diego-based Medical Marijuana, Inc.

About HempMeds® Mexico
HempMeds®Mexico is a Mexico-based company that made history by being the first company to receive a COFEPRIS federal government import permit for the cannabis product RSHO-X™ for a medical indication. HempMeds® Mexico plans to work directly with the Mexican government to safely and legally provide access to CBD hemp oil products. For more information, please review the company's website at: http://www.hempmeds.mx.

About Medical Marijuana, Inc.
We are a company of firsts®. 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 details on Medical Marijuana, Inc.'s portfolio and investment companies, visit www.medicalmarijuanainc.com.

To see Medical Marijuana, Inc.'s video statement, click here. Shareholders are also encouraged to visit the Medical Marijuana, Inc. Shop for discounted products.

"The stock market is a device for transferring money from the impatient to the patient" — Warren Buffett

"The Big Money is not in the buying and the selling but in the waiting" — Charlie Munger