The second month of Q1 is record breaking for Medical Marijuana, Inc. as it passes its previous sales records set just a month before.
Medical Marijuana, Inc. is celebrating its largest revenue month in its history in February. This success was driven by significant company milestones from across our portfolio of companies, including the launch of new pet products from subsidiary Phyto Animal Health and the promotion of hemp clothing by Kannaway.
“We’re excited to start off this year strong and have the largest revenue month ever for the second month in a row,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “As the cannabis industry continues its rapid expansion as the fastest-growing in the U.S., we aim to continue to be pioneers in the industry and offer the most high-quality products on the market.”
February earnings from Medical Marijuana, Inc. and its portfolio of companies were notably higher than revenue from January 2018, which was also record revenue month for the company. Looking at year to year growth, February 2018 revenue was more than 300 percent larger than February 2017 revenue.
Medical Marijuana, Inc. subsidiary Kannaway also generated its largest revenue month ever last month. Much of this sales revenue came from a promotion Kannaway ran in February offering reduced prices each day on a different hemp clothing product or accessory, including hemp hats, shirts, belts, wallets, dog chew toys, jeans, and more. Each item was offered for a single day only at a competitive price.
Kannaway also hosted a pair of its regional Roadshow events in February in Columbus, Ohio, and New Orleans, Louisiana. Kannaway Roadshow events are the perfect opportunity for the company’s brand ambassadors to immerse themselves in the Kannaway culture, learn best techniques for building a sustaining CBD business, and network with like minded entrepreneurs.
“Kannaway’s continued growth is exciting to be a part of,” said Kannaway CEO Blake Schroeder. “Our company has started off 2018 at an incredible pace, and we expect our results to continue in March and beyond.”
Medical Marijuana, Inc. also saw a boost in revenue last month from its launch of its new animal health and wellness subsidiary Phyto Animal Health. The company provides a number of specially designed CBD oil product just for pets and livestock animals. In February, Phyto Animal Health announced the creation of its Veterinary Advisory Board, comprised of leaders in the commercial, academic, and veterinary healthcare sectors with the mission to create animal-safe products based on substantive scientific research.
Also in February, Medical Marijuana, Inc. celebrated the two-year anniversary of its subsidiary HempMeds® Mexico. The first company to legally import CBD products to Mexico for patients there, HempMeds® Mexico works closely with patients and their caregivers, medical professionals, and policymakers in the country with the end goal of ensuring safe and reliable access to quality CBD products.
These developments from the Medical Marijuana, Inc. family of companies were covered in a number of national media outlets. You can find out more about Medical Marijuana, Inc. companies featured in the news here.
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