SAN DIEGO, CA–(Business Wire – January 10, 2012) – Medical Marijuana Inc. (OTC: MJNA) the first publicly held company vested in the medical marijuana and industrial hemp industries, is pleased to announce, that its quarter over quarter revenue ending December 31, 2011 have increased in excess of one hundred (100%) percent.
“As many of you know, there were many challenges that faced the industry in 2011, for which we are extremely pleased with the increase in revenue and the overall numbers at the close of the fiscal year. These challenges came primarily from the banking and the financial institution’s guidelines on the regulation of businesses within the cannabis and hemp industry. However, at the end of the fourth quarter when we were able to overcome those issues, revenues fell right in line. We anticipate company revenues to continue to increase dramatically through the end of 2012.” Stated Medical Marijuana Inc.
ABOUT MEDICAL MARIJUANA INC (OTC: MJNA)
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.
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.
2665 Ariane Drive Suite 207
San Diego, CA 92117
Toll Free: 888-OTC-MJNA (888-682-6562)
Investor Relations Contact:
Equiti-Trend Advisors, LLC
Carmel Valley Center II
11995 El Camino Real, Suite 301
San Diego, CA 92130