SAN DIEGO, CA–(Marketwire – Jun 2, 2011) – Medical Marijuana Inc (PINKSHEETS: MJNA) announced today that additional bidders have presented offers for rights to the distribution of Medical Marijuana Inc’s revolutionary THC-free water products.
One offer being considered is brought in by BullnBear Group, S.A. for Central American distribution rights. This involves a $22.5 million up-front payment to Medical Marijuana Inc (PINKSHEETS: MJNA) on a 10 year distribution agreement plus an 18% back-end royalty as a percentage from sales.
Several other offers for US marketing rights have been presented from a variety of distribution companies, including one that services 77,000 stores worldwide. Terms of offers are still being finalized. In addition to these US and Central American bidders, Medical Marijuana Inc is in the process of reviewing offers from Europe, Asia and Southeast Asia for similar distribution rights. These distribution rights will include the rights to four separate beverages being produced by Medical Marijuana Inc, all within the THC-free line.
In 2008 this wholesale bottled water industry was estimated to exceed $11.2 billion in the USA alone (source: www.bottledwater.org). To differentiate itself from other products within this massive US market, Medical Marijuana Inc is proud to feature a pure, natural spring-water source located in the Mayan Rainforest region of Guatemala as the primary water source for its entire THC-free line. Further, the company will utilize CannaBANK’S CBD (Cannabidiol) infusion process which enables the health and wellness benefits of the cannabis plant to be directly infused into drinking-water beverages. A summary of the four distinct beverage options being readied for market by Medical Marijuana Inc under its THC-free line are as follows:
1. CBD-infused water which carries all the health and wellness benefits of CBD extract
2. THC-free water which features CBD as an ingredient plus the added 500+ infused natural benefits of cannabinoid extract, less the THC. The infusion of cannabinoid extract in addition to CBD adds a variety of vitamins, trace minerals, essential fatty acids and many other properties not found in only the CBD-infused water
3. Hemp water
4. Pure, natural spring water directly from Mayan rainforest source
To back its emphasis on providing CBD and cannabinoid enhanced water to the general public, Medical Marijuana Inc is relying on research by the US Government and other top US University Medical departments. An example of this research can be found in The United States Health Department Patent # 6,630,507, titled “Cannabis as Antioxidants and Neuroprotectants” (seehttp://tinyurl.com/6hwwmt). This article explains many of the benefits of Cannabis while countless other medical and scientific journals also cite CBD as a natural T-cell enhancer and significant source of antioxidant properties. Further, Dr. Donald Abrams, M.D., chief of Hematology and Oncology at San Francisco General Hospital has researched CBD extensively. A review of his findings can be found under the following link: http://www.youtube.com/watch?v=-xVwhCD4jd0.
As more research and technology become available over the next several months, Medical Marijuana Inc will launch several more beneficial beverage products, many of which will be available through The Hemp Network (www.thehempnetwork.com) division.
ABOUT MEDICAL MARIJUANA INC
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, 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.
CannaBANK’s mission is to help create a sustainable economy which in turn helps create a sustainable planet offering health and economic freedom through education and awareness.
CannaBANK™ and the CannaBANK™ logo are registered trademarks of Hemp Deposit & Distribution Corp. (HDDC), d/b/a CannaBANK, Inc. in the U.S. and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word “partner” does not imply a partner relationship between CannaBANK and any other company.
ABOUT BULLNBEAR GROUP, SA
BullnBear Group, S.A. was formalized as a corporation in October 2010 to promote business development, including importation and exportation business, between Guatemala and the more developed countries of the world. The company has had focuses in Financial Services (including corporate payroll services, remittance programs, insurance, investment banking) Agriculture, Medical, Energy and Building Materials. The company plans to shortly announce their additional business programs and new management team to the public. Please watch for additional press releases.
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.