April 08, 2011 13:05 ET
SAN DIEGO, CA--(Marketwire - Apr 8, 2011) - Medical Marijuana, Inc. (PINKSHEETS:MJNA) in association with CannaBANK™ is proud to announce the appointment of the Medical Marijuana, Inc. Board of Directors (members to be announced April 15th, 2011) to oversee day-to-day operations, the formation of the CannaBANK Advisory Team to supervise and resolve issues related to compliance and facility management and a new management team ensuring continued smooth operations during this transitional period.
Medical Marijuana, Inc. would also like to pay homage to visionary founder and pioneer Ex-Chairman Bruce Perlowin. Mr. Perlowin, together with Ex-President Donald Steinberg were instrumental in creating the first US publicly traded company in the medical marijuana industry. David Tobias and William Martin, former board members remain as members of the transition team.
"Passing the baton to the next generation of talented young entrepreneurs gives me the greatest hope and confidence in the future of Medical Marijuana, Inc.," Bruce Perlowin stated.
Additionally, Medical Marijuana, Inc. is in the process of becoming a fully-reporting company, leading to an upgraded listing of the company on the OTC Pink Sheets to OTC:QB. Medical Marijuana, Inc. has established a new investor relations team to address shareholder inquiries, making the process more fluid and transparent.
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 MEDICAL MARIJUANA, INC.
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.