Medical Marijuana, Inc. Eyes Most Successful Year Yet After Record Breaking November
Along with subsidiaries Kannaway and Phyto Animal Health, Medical Marijuana, Inc. celebrates November as largest revenue month in company history.
Medical Marijuana, Inc. and our portfolio of companies have had an incredible year in 2018, recording month after month of record revenue.
We continued this upward trend in November, once again setting a new company monthly revenue record, along with subsidiary companies Kannaway and Phyto Animal Health. With just one month left in 2018, Medical Marijuana, Inc. is working hard across our portfolio to continue to spread access to CBD to consumers around the world.
Here are the highlights from our family of companies in November.
Kannaway Launches in Prague
Medical Marijuana, Inc. is an international company, distributing our line of CBD products to customers around the world. Our companies continued to expand our global reach this past month.
Most recently, subsidiary company Kannaway celebrated its official grand opening in Europe with an event in Prague from November 14-16. The event, Kannaway’s largest ever with over 2000 attendees, was the culmination of a year of work bringing the CBD industry to Europe. At the event, Kannaway executives, top performing brand ambassadors, and special guests took the stage to illustrate Kannaway’s core mission, launch its newest products, and reveal the potential for success when entering the CBD industry.
Due to its unique direct selling strategy, Kannaway is expanding rapidly across Europe as demand for CBD products spreads in the EU. The company’s grassroots, word-of-mouth marketing allows for the benefits of CBD to be quickly disseminated around Europe, generating excitement for these incredible products.
Find more about Kannaway here.
Hempmeds® Products Among Cannabis Products Legal in Mexico
Mexico announced recently that 38 products containing legal levels of cannabinoids are now available in the country without a prescription. Of these products, five of them are from Medical Marijuana, Inc. subsidiary HempMeds® Mexico.
The products that will now be offered by HempMeds® Mexico include the following:
These products will be available online through the company’s website. HempMeds® Mexico was the first company to legally import CBD products into the country beginning in 2016 and has been working to expand access to cannabinoids like CBD in the country ever since.
“We are glad to continue to be a pioneer in this important growing industry and are excited to expand our market reach to a new group of active consumers,” said HempMeds® Mexico President Raul Elizalde of the news. “This will provide our company with the opportunity to provide premium CBD-based products to a much broader customer base in Mexico.”
Find more about HempMeds® Mexico here.
HempMeds® Brasil Cuts Ribbon on New Office
This past month, portfolio company HempMeds® Brasil announced the opening of its newest office. Located in São Paulo, the company’s grand opening event took place in conjunction with the CannX Brazil Conference.
“We were very fortunate to have a successful grand opening event for our new office last week,” said HempMeds® Brasil Vice President Caroline Heinz. “This new space allows us more room and new opportunities to network with doctors, service patients and educate people here about the wellness benefits of CBD.”
Having a local office will help the company in its outreach to doctors and patients in the country. The new facility features a doctor’s office, a clinic, an office space for the HempMeds® Brasil staff, a classroom for educational seminars, and a lounge area to promote institutional events.
You can read more about HempMeds® Brasil, the first company to legally distribute CBD products in Brazil, here.
New Products Introduced to Our Customers
In an effort to keep our companies’ products fresh and competitive, Medical Marijuana, Inc.’s portfolio companies are regularly launching new or limited edition products for their customers. Two of our subsidiaries released new products in November.
First, Medical Marijuana, Inc. active lifestyle brand Dixie Botanicals® introduced a new product category to its store with the launch of the company’s new CBD-infused vape liquids. Available in three delicious flavors, including Blackberry Lemonade, Vanilla Caramel and Sour Watermelon. Each 30 ml bottle contains a total of 1000 mg of CBD. Dixie Botanicals® CBD Vape Liquids can be used with most liquid-compatible vape pens on the market and can be purchased bundled with compatible vape pens in our store.
Also, just in time for the holidays, Kannaway launched its new Holiday Trio. Featuring three seasonally flavored 1 oz CBD tinctures, the Holiday Trio makes a wonderful gift set or can be used personally to add a holiday flair to your CBD routine. The Holiday Trio includes 100 mg tinctures in Pumpkin Spice, Chocolate Mint, and Gingerbread.
Participation in Events Around the World
The Medical Marijuana, Inc. portfolio of companies hosted or participated in a number of major events in November.
Early in November, HempMeds® traveled to Las Vegas for the SupplySide West business to business event at Mandalay Bay from the 7th to the 10th. The company demonstrated its line of wholesale and bulk CBD products to the over 16,000 attendees at the show, answering questions and helping businesses looking to add CBD to their product lines.
That same week, Medical Marijuana, Inc. CEO Dr. Stuart Titus was in Plano, Texas, to speak at the CBD Symposium hosted by SUCCESS Partners® and Direct Selling News. The event was held to look at the business landscape for selling CBD in a direct selling format. Dr. Titus touched on the challenges and advantages of entering the CBD market.
Two of Medical Marijuana, Inc.’s subsidiaries participated in the CannX Brazil Conference in São Paulo on Nov. 12-14. The event conference was designed to bring together leaders in the cannabis industry, the local government, and healthcare to further access to medical cannabis for patients throughout Brazil. HempMeds® was a premier sponsor of the event, and Raul Elizalde, HempMeds® Mexico President, was invited to be a featured speaker at the event, sharing his own family’s experience fighting for access to CBD in Mexico.
Then, HempMeds® returned to Las Vegas from November 14-16 for the Marijuana Business Conference (MJ Biz Con). Considered the preeminent cannabis business event, this event is a must attend for those in the cannabis industry. As the first company in the hemp oil space and an innovator in the CBD market, HempMeds® was on hand to represent this growing, $1 billion segment of the cannabis market.
“We are thrilled to exhibit at the premiere business to business networking event for the cannabis industry,” said Dr. Titus regarding the event. “With the demand for wholesale CBD at an all-time high, and overwhelming media interest in the cannabis industry after still more state victories in this week’s midterm elections, we trust this event will be a huge success on all fronts.”
Participation in these events is a key component of our mission of educating the public on the benefits of CBD and expanding access to these products worldwide.
Opening New Distribution Channels
Late in November, subsidiary Phyto Animal Health finalized an agreement with national distributor Mr. Checkout, known for distributing products from Shark Tank, to offer its CBD pet products to tens of thousands of members of the Independent Pet Retailer Association.
“We are elated to partner with Mr. Checkout to distribute our hemp pet products to thousands of new retailers,” said Phyto Animal Health CEO Ian Quinn. “We are constantly seeking opportunities to expand our reach and we trust this deal will help us increase access to CBD and raise awareness about the many health and wellness benefits of CBD for companion animals.”
This partnership will help to expand the international reach of Phyto Animal Health’s line of pet and livestock products by making it available to retailers in Canada and the Caribbean, as well as adding new markets here in the U.S.
You can find Phyto Animal Health CBD pet products here.
Developments like these from Medical Marijuana, Inc. made headlines in media outlets in the U.S. and internationally as interest in cannabis and CBD grows around the world. As a leader in the CBD industry, our portfolio of companies is regularly a featured part of coverage of the cannabis industry.
In November, our companies were included in the following:
You can find more media coverage of Medical Marijuana, Inc. and our companies here.