Medical Marijuana Inc. to Develop Joint Venture with LiveWire Ergogenics

Medical Marijuana Inc. (OTC PINK: MJNA) announced on Mar. 20 that it signed a memorandum of understanding to develop a joint venture with LiveWire Ergogenics Inc. (OTCQB: LVVV) under the name of HempWire, LLC.

This is the San Diego holding company’s foray into the functional foods market with immediate distribution through LiveWire’s extensive chain of existing convenience store retailers, grocery stores, and pharmacy chain stores. Other than this, the Medical Marijuana hasn’t made any major announcements since Feb 5 when its subsidiary reported that it was expanding the global sales base of its industrial hemp-based cannabidiol oil. Still, Medical Marijuana continues to employ a formidable diversified strategy in order to establish a foothold in the burgeoning legal marijuana industry.

For example, on Jan. 31, Medical Marijuana said that it had entered into an agreement with an unnamed company to sell Medial Marijuana’s anti-aging cream through the unnamed company’s in-home sales force. According to the release, the first purchase order from the home-based business organization will be $1,072,251 in products that will ship before the end of the first quarter. This positive news came a few days after Medical Marijuana announced its newly-formed subsidiaries would be providing armored transport services for companies in the cannabis industry. Marijuana Inc.’s subsidiary, Wellness Managed Services, has gained this capability by purchasing a 50% stake in MPS International. Cannabis Security Issue In a written statement, MPS International’s CEO Mike Roberts outlined some specifics about the new armored marijuana transport service.

“Large amounts of product will be moved from grow to wholesaler, warehouse, testing facilities, bakeries, infusion laboratories and finally to retail locations,” Roberts said. “Post transaction, and especially right now with federal regulations prohibiting FDIC insured banks from offering financial services to cannabis industry businesses, large amounts of cash will need to be transported between parties securely as this creates an easy target for predators and competing businesses,” he added. Potentially Lucrative Opportunity In the release, Roberts went on to outline the potential opportunity that existed for providing armor transportation for currently legal cannabis businesses. He pointed out that there are now about 448 dispensaries in Colorado alone, while in California there are an estimated 2,700 dispensaries, co-operatives, wellness clinics, and taxi delivery services. “Using an average of one armed security officer working 10 hour shifts, 7 days per week billing at the industry standard of $25/hour armed, 52 weeks per year, annual gross revenue created by just 11 locations is more than $1,000,000 for just static physical security,” Roberts explained. Once the company establishes this footprint, it says it will evaluate other cannabis markets such as those in Canada.

On Mar. 26, MJNA share price closed at 0.295 cents, down 0.005 cent from its closing price of the 30 cents the previous day. Sign up today for timely and hot stock alerts here, or by cutting and pasting the following link in your Web browser: Growlife Inc.’s Stock Volume Falls In other news, Growlife Inc.’s (OTCBB: PHOT) stock volume fell Mar. 27, with just 23,456,962 shares changing hands, less than one-half its three-month average of 49,050,891 shares.

The Woodland Hills, Calif. holding company that supplies equipment for legal marijuana growers share volume fell in part on the news that its joint venture with CANX USA, LLC, extended the date for completion of due diligence and closing the transaction with RXNB Inc. (“RXNB”) to Apr. 4, 2014. No specific reason was given as to why the extension was necessary, or what part of the due diligence hadn’t been completed. Due Diligence Time Extended Under the agreement, GrowLife will sell and distribute RXNB proprietary technologies globally, and share profits related to technology licensing, subject to the approval of the GrowLife Board of Directors.

GrowLife currently has a 45% ownership interest in OGI, with conditions under which it can gain majority interest. RXNB is an investment company with holdings in drug formulation, manufacturing, and distribution. The company represents a recent roll-up of several independent companies in the pharmaceutical and nutraceutical market. RXNB has numerous pending patents in the field of THC research and development. On Mar. 26, PHOT’s share price closed at 59 cents, up 1 cent from its closing price of the 58 cents the previous day. Sign up today for timely and hot stock alerts here, or by cutting and pasting the following link in your Web browser: mCig Inc.’s Stock Volume Also Down Meanwhile, Bellevue, Wash./Australian e-cigarette maker mCig, Inc.’s (OTCQB:MCIG) stock volume fell Mar. 26 with just 3,842,047 shares changing hands, significantly lower than its three-month average of 5,954,797 shares.

Ironically, the decline in volume comes on the heels of the company’s Mar. 7 announcement that it has achieved its first profitable quarter in its history. Here are the details: Third-Quarter financial Results for the Quarter Ended Jan. 31, 2014 – First Profitable Quarter in Corporate History – Adjusted Non-GAAP Net Income of $30,256* – Sales of $85,109 Reflect Only 24 Inventory Days Due to Chinese New Year and Overwhelming Demand Significant Balance Sheet Improvement – Shareholder Equity Increase to $1,321,736 compared to negative ($210,087) for the quarter ended January 31, 2013 – Debt, Financial Debt, and Interrelated Party Loans Reduced to Zero Completion of Vapolution, Inc. Acquisitions Marking Entrance to Traditional Home-Use Vaporizers mCig, Inc. (OTCQB:MCIG) is pleased to report the results of its first operational quarter since launching the mCig 1.0 in November 15, 2013 and the mCig 2.0 on January 14, 2014.

Due to a combination of factors including: Overwhelming demand for the mCig 1.0, the subsequent decision by management mid-quarter to halt 1.0 production in favor of fast-tracking production and launch of mCig 2.0, and the Chinese New Year affecting resupply of the mCig 2.0 following launch, management would like to qualify that all sales and income figures reported for the period ended January 31, 2014 reflect a total of just 24 inventory days: – 10 Inventory Days for the mCig 1.0 – 14 Inventory Days for the mCig 2.0 Financial Results Notwithstanding these supply issues, the company is pleased to report over $85,000 in revenue reflecting an increase of over 580% over the same quarter in 2013. Gross Profit was $54,474 reflecting a gross profit margin of 64%.

Due to disciplined cost controls the company is pleased to report US GAAP Net Income of $10,804 reflecting a net income margin of 12.7%. *Non-GAAP Adjusted Net Income calculated by excluding non-cash items such as share-based compensation and amortization was $30,256 or 35.6% of revenues. Significant Balance Sheet Improvement Total Shareholder Equity rose to $1,321,736 from a shareholder deficiency of ($210,087) during the same quarter in 2013. Total debt has been retired with mCig carrying zero debt as January 31, 2014 down from $196,000 during the same quarter last year On Mar. 26, MCIG’s share price closed at 77 cents, up 6 cents from the share price of 71 cents the previous day.

Sign up today for timely and hot stock alerts here, or by cutting and pasting the following link in your Web browser: SEC Temporarily Suspends Trading on Petrotech Oil and Gas Finally, on Mar. 14, the Security and Exchange Commission (SEC) announced that it was temporarily suspending trading of Petrotech Oil and Gas Inc.’s (OTC Pink: PTOG) stock. The temporary suspension ends Mar. 27 and was based on questions regarding the accuracy and adequacy of public information concerning the Bedford, Texas-based company’s operations, the SEC said. So far, the company has not commented on the suspension. Going Into Legal Marijuana Production Before the suspension, Petrotech announced on Feb. 26 it has expanded Cannabis and Hemp production and distribution channels in states of Washington and Colorado.

The company said it has secured a Medical and Recreational License from the state of Colorado, and has signed on six licensed growers, as well as three additional growers in Washington. The growers are currently negotiating to lease warehouse space in Tacoma, Washington, and a dispensing storefront in Telluride, Colorado. As a result, Petrotech said at the time that it has increased its projected production capacity to a minimum of 60-70 pounds per state, per month, with an average market price of $3,000.00 per pound.

Sign up today for timely and hot stock alerts here, or by cutting and pasting the following link in your Web browser:

ABOUT issues momentum alerts on stocks that can provide gains to day traders. provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% – 200% or more. monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals is often in the know of several large investor awareness campaigns being deployed. Timing is everything when trading Penny Stocks. Gain an Edge by joining the newsletter and receiving alerts from a Pro-Active team of researchers. believes traders should have a chance at successfully trading penny stocks and invites traders and investors to be part of the Free VIP membership. Simply sign up for free and start receiving exclusive alerts. Subscribe Here: Disclosure is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always own due diligence with any potential investment.


Source: Accesswire IA (March 27, 2014 – 10:01 AM EDT)News by QuoteMedia