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Breaking News$$$ - Medical Marijuana Inc. to Acquire Biotechnology Company PharmaSphere, LLC from
Converted Organics

Executes Option Agreement to acquire a 100% stake in company.

SAN DIEGO, Nov. 18, 2011 /PRNewswire via COMTEX/ -- Medical Marijuana Inc. (MJNA)
is proud to announce the execution of an option to acquire 100% of PharmaSphere,
LLC. PharmaSphere, a cutting edge biotechnology company which has a solution for
the production of high value bio-compounds sourced from plants that can be used
as active pharmaceutical ingredients. The production of transgenic plants
(genetically engineered plants) for the biotechnology revolution is the
cornerstone of PharmaSphere's focus and overall development for the plant based
medical industry. PharmaSphere holds the exclusive worldwide license for medical
herbs from TerraSphere systems.

TerraSphere Systems' (http://www.terraspheresystems.com) uniqueness for growing
plants in environmentally contained and controlled growth environments created
the first pharmaceutical grade environment for plant based compounds. These
compounds will be used as ingredients for drugs, vaccines, diagnostics,
nutraceuticals, cosmeceuticals, and industrial enzymes and materials.

PharmaSphere will install TerraSphere Systems inside retrofitted facilities in
order to grow, extract and purify the compounds using environmental friendly
technologies. Additional environmental benefits include substantially less water
& fertilizer use due to metered dispensing, less waste water or fertilizer
discharge due to plant uptake, no chemical pesticides or herbicides, no fuel and
oil use by agricultural machinery, along with no transportation of bulk plant
materials to distant processing facilities.

A major concern for sellers of natural product drugs, medical herbs,
nutraceuticals, and cosmeceuticals is the unreliable supply of top quality active
ingredients as the cultivation of source plants in the field and outdoors is
erratic and the quality of extracts is uneven. With the TerraSphere System and
state-of-the art extraction, purification and quality control technologies, the
company can assure its customers a reliable consistent supply of high quality
plant based compounds such as Cannabidiol, Vincristine and Vanblastine.

Medical Marijuana Inc. at the moment will be focusing on building PharmaSphere
facilities that will cultivate medical herbs such as Madagascar Rosy Periwinkle,
which is the source of the generic cancer chemotherapy compounds vincristine and
vinblastine. These compounds have worldwide markets for the finished drugs in
excess of $4.5 billion. Once facilities are built and the medical marijuana
market is legally accepting of large scale commercialization, the facilities can
be transitioned to grow any medicinal herb by simply changing seeds. However, the
company does plan on building facilities in countries that legally allow the
cultivation of medicinal marijuana and hemp for medical benefits. A few examples
of these countries are Israel, China, and France. Medical Marijuana Inc.
anticipates closing the purchase prior to the end of the fiscal year.

About Medical Marijuana Inc. (MJNA)

The world's first publically traded Medical Marijuana company. Our mission is to
be the world's premier cannabis and hemp industry innovators, leveraging our team
of professionals to source, evaluate, invest in and purchase value-added
sustainable companies, while allowing them to keep their integrity and
entrepreneurial spirit. We strive to create awareness within our industry, pay
homage to the visionaries and activists of the past and present, and provide the
platform from which the industry can emerge into a global sustainable economy for
all. Medical Marijuana Inc. recognizes the vast and unequaled opportunities that
exist in the rapidly expanding hemp and medical marijuana industries. The
scientific recognition of cannabis has brought legalized marijuana use to the
forefront of mainstream discussion, thus opening the door for safe and lucrative
investment opportunities.

http://www.medicalmarijuanainc.comhttp://http://www.facebook.com/mjnainc

About PharmaSphere Systems, LLC:

PharmaSphere Systems, LLC is a biotechnology company that owns a perpetual
worldwide license to utilize TerraSphere Systems technology to produce
high-value, plant-based biocompounds for pharmaceutical, cosmeceutical and
nutraceutical markets. Using the TerraSphere System allows PharmaSphere to
achieve full environmental containment and controlled growth conditions, which
result in increased production and reduced per-unit costs compared to traditional
production methods. The use of the TerraSphere growth system also gives
PharmaSphere Systems, LLC a market advantage through the unprecedented level of
control and trace capabilities.

About TerraSphere Systems, LLC:

TerraSphere Systems (http://www.terraspheresystems.com) is dedicated to building
highly efficient systems for growing pesticide-free fruits and vegetables in a
controlled indoor environment. TerraSphere's clean technology helps to promote
the sustainable consumption of natural resources by accelerating plant production
and maximizing crop yields, while improving environmental footprints through the
reduction of carbon emissions and fuel use associated with traditional crop
production and distribution. TerraSphere's unique, environmentally and
socially-responsible business model help to facilitate job creation and diverse,
community-based workforces. TerraSphere believes its technology can potentially
revolutionize access to organic produce for both remote and urban communities,
alleviate land management issues for agricultural producers, and ease hunger
crises for the world's growing population.

About Converted Organics Inc.:

Converted Organics (http://www.convertedorganics.com), based in Boston, MA, is
dedicated to producing high-quality, all-natural, organic soil amendment and
fertilizer products through food waste recycling. The Company uses its
proprietary High Temperature Liquid Composting (HTLC) system, a proven,
state-of-the-art microbial digestion technology, to process various biodegradable
food wastes into dry pellet and liquid concentrate organic fertilizers that help
grow healthier food and improve environmental quality. Converted Organics sells
and distributes its environmentally-friendly fertilizer products in the retail,
professional turf management, and agribusiness markets.

Investor Relations Contact:Equiti-Trend Advisors, LLCCarmel Valley Center II11995
El Camino Real, Suite 301San Diego, CA 92130(800)
953-3350http://www.equititrend.com

SOURCE Medical Marijuana Inc.

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