SAN DIEGO, March 20, 2014 (GLOBE NEWSWIRE) -- Medical Marijuana Inc. (OTC Pink:MJNA) is pleased to inform shareholders and the general public it has signed a memorandum of understanding (MOU) to develop a joint venture with LiveWire Ergogenics, Inc. (OTCQB:LVVV) under the name of HempWire, LLC. This MOU enters Medical Marijuana Inc. into the functional foods market with immediate distribution through LiveWire's extensive chain of existing convenience store retailers, grocery stores, and pharmacy chain stores. Research indicates that the overall global functional foods market is valued at $221.58bn in 2014.
The supply chain will begin with HempMedsPX?, a corporate portfolio company of Medical Marijuana, Inc. and the contracted marketing company that distributes non-psychoactive cannabidiol (CBD)-rich hemp oil products nationwide. LiveWire will purchase these hemp oil products from HempMedsPX? then manufacture and package CBD-rich hemp oil-infused functional foods. These first-of-their-kind functional food products from HempWire will include a CBD-rich hemp oil taffy-like consistency chewable square. HempWire will distribute this new product leveraging both LiveWire's and Medical Marijuana, Inc.'s existing network of retailers, resellers, wholesalers and distributors.
"LiveWire has extensively researched the medical marijuana industry, and we find Medical Marijuana, Inc. to have the greatest credibility," said Bill Hodson, CEO of LiveWire Ergogenics, Inc. "We believe our collaborative effort to develop HempWire has the potential to reshape functional foods. We provide precise dosage, consistency and world class manufacturing. Medical Marijuana, Inc., in our opinion, has the best research, industry experts, and regulatory compliance officers. The manufacturing will be done through LiveWire Ergogenics, and we will manage our distribution portion of HempWire through our Herbaceuticals division."
"Signing the MOU to develop HempWire with LiveWire begins the process to create an entirely new market for CBD-rich hemp oil-infused functional foods," commented Michelle Sides, Chief Operating Officer of Medical Marijuana, Inc. "As we continue to develop new products for emerging markets, establishing an appropriate manufacturing relationship for this new market was the natural next step in the process. Medical Marijuana, Inc. selected LiveWire because they are an established manufacturer that can provide our customers with the same consistency and quality that they have come to expect from our company."
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics Inc. was formed in 2008 and its products are available for purchase at thousands of retail outlets nationwide or are available online at: http://www.livewireenergy.com
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
Market Maker will drag PPS down in the 4s before news get ready to rumble and steal his manipulated ask....News is coming on updates. Get them if u can prior to July 1st. I hope Bill Hodson holds off and lets us load up the next few weeks while they intraday shake out traders!!!! News coming its been almost a month
ORBA LINDA, CA -- (Marketwired) -- 05/28/14 -- LiveWire Ergogenics, Inc. (OTCQB: LVVV) announced today the company has signed a national advertising agreement with Adaptive Media, Inc. to provide 100,000 thirty (30) second commercial spots to be shown on over 132 cable television systems. This advertising package will introduce LiveWire Energy chews to millions of consumers with fan-developed content showing how LiveWire helps "Start You Up."
LiveWire commercials will be shown on the most watched cable television networks including: ESPN, CNN, FOX News, Discovery Channel, SPIKE, AMC, TBS, Lifetime, A&E, Comedy, TV Land, Nickelodeon, Travel Channel, ESPN 2, USA, HLN, BET, MTV, SyFy, TLC, TNT, and FX.
Bill Hodson, Chief Executive Officer of LiveWire Ergogenics, stated, "The 'Start You Up' campaign is an important step for LiveWire to support our aggressive expansion plans as we continue to increase our nationwide footprint. The time is now for us to launch an integrated, national advertising campaign to introduce America to fantastic benefits of LiveWire Energy chews. In addition to tagging the ads with the names of retail stores where the product is available, we will also invite consumers to LiveWireEnergy.com to purchase our products. We expect to drive sales and significantly raise awareness of the LiveWire brand by launching this major campaign. Delivering 100,000 ad spots to 900,000 households is a very exciting development for the company."
Michael Heil, CEO of Adaptive, commented, "We will run the 30-second spots before approximately 900,000 households and campus residents across 40 states. We will also use our social media initiatives, including Twitter and YouTube, to raise LiveWire brand awareness."
About LiveWire Ergogenics, Inc. (OTCQB: LVVV) and LiveWire Energy? Chews
LiveWire Energy? chews are manufactured in Yorba Linda, California by LiveWire Ergogenics Inc., the first company to market a full-flavored, soft "energy" chew packed with both B-vitamins and up to 120 mg of time-released caffeine.
Designed for consumers with an action-packed lifestyle, LiveWire Energy? Chews are pocket-sized, portable alternatives to bulky energy drinks or shots. Available in seven different flavors, the Company's grab-'n-go packaging responsibly displays the amount of caffeine in each chew, including Citrus Mango (90 mg caffeine), Pomaberry (90 mg caffeine), Chocolate (100 mg caffeine), Mint Chocolate (120 mg caffeine), Sour Apple (90 mg caffeine), Cinnamon Fire (90 mg caffeine), and Coffee (100 mg caffeine).
LiveWire Ergogenics Inc. was formed in 2008 and its products are available for purchase at thousands of retail outlets nationwide or are available online at: http://www.livewireenergy.com
About Adaptive Media, Inc., formerly Praebius Systems, Inc. (PINKSHEETS: PRCM), Adaptive Media is a digital media and video communications services company which provides quality advertising inventory to the foremost major cable TV networks by deploying its patent pending insertion and streaming media technology into the cable, satellite and IP television markets. Currently Adaptive trades under the symbol of Praebius Communications, Inc. (PRCM) while it awaits approval of a symbol change. Adaptive Cable TV division has been in business since 1984 the media based companies went public in April of 2014 by merging into Praebius.
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