{"id":2350,"date":"2017-11-21T19:56:12","date_gmt":"2017-11-21T19:56:12","guid":{"rendered":"https:\/\/www.medicalmarijuanainc.com\/?p=32552"},"modified":"2017-11-21T19:56:12","modified_gmt":"2017-11-21T19:56:12","slug":"medical-marijuana-inc-portfolio-sees-significant-revenue-gains-3rd-quarter","status":"publish","type":"post","link":"https:\/\/medicalmarijuanainc.com\/2017\/11\/21\/medical-marijuana-inc-portfolio-sees-significant-revenue-gains-3rd-quarter\/","title":{"rendered":"Medical Marijuana, Inc. Portfolio Sees Significant Revenue Gains in 3rd Quarter"},"content":{"rendered":"

Diverse portfolio of investments makes incredible strides in bringing access to cannabinoids to people worldwide. <\/span><\/i><\/p>\n

<\/iframe><\/p>\nMedical Marijuana, Inc. released its Q3 financial numbers this week, revealing remarkable success across its portfolio. Our companies delivered cannabinoids to more people than ever, took steps to enter ground-breaking clinical trials, educated millions of people on the many benefits of cannabis, and shattered sales records with our award-winning CBD oil products. <\/span><\/p>\n<h2>Sales Records<\/span><\/h2>\nThroughout Q3, Medical Marijuana, Inc. broke monthly and daily sales records, bringing our CBD oil products to more customers than ever before.<\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-32553 size-large\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/graphic-1-1024x220.png\" alt=\"\" width=\"640\" height=\"138\" \/><\/p>\nMedical Marijuana, Inc. <\/span>gross revenue soared from $2,188,671 in Q3 2016 to $7,783,297 in Q3 2017, a quarter over quarter increase of 255%. Total gross profit rose from $1,266,488 in Q3 2016 to $5,034,464 in Q3 2017, an increase of 297%.<\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-32554 size-large\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/graphic-2-1024x220.png\" alt=\"\" width=\"640\" height=\"138\" \/><\/p>\n\u201cWe are excited to announce such outstanding leaps in growth and success this quarter.\u201d said Medical Marijuana, Inc. CEO Dr. Stuart Titus. \u201cWe believe that with these record-breaking revenue numbers, we have the capacity to make 2018 the most profitable year the company has ever seen. We are currently spending on international expansion and research efforts, which should pay long-term dividends for shareholders.\u201d<\/span><\/p>\nMedical Marijuana, Inc. had its <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-announces-july-2017-largest-revenue-sales-month-company-history\/\">largest revenue sales month ever<\/span><\/a> in July \u2013 a feat it <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-announces-august-2017-largest-revenue-sales-month-company-history\/\">repeated in August<\/span><\/a>. Additionally, wholly-owned subsidiaries Kannaway\u00ae and HempMeds\u00ae Mexico experienced their largest months of revenue in their respective histories in August.<\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32555\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/graphic-3-1024x512.png\" alt=\"\" width=\"640\" height=\"320\" \/><\/p>\n<h2>MJNA Total Assets Now Approaching $350M<\/span><\/h2>\nMedical Marijuana, Inc.\u2019s total assets are valued at just under $350 million. This value includes all Medical Marijuana, Inc. investments, including our distribution companies like HempMeds\u00ae and Kannaway\u00ae, international divisions in Mexico and Brazil, and our investments in biotechnology companies like AXIM\u00ae Biotechnology and Kannalife\u2122 Sciences. <\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32556\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/graphic-4-1024x1024.png\" alt=\"\" width=\"640\" height=\"640\" \/><\/p>\n<h2>Expanded Warehouse & Increased MJNA Staff<\/span><\/h2>\nMedical Marijuana, Inc. also expanded our operational space and increased the staff necessary to keep pace with our growing business. <\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32557\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/body-image-1-1024x427.jpg\" alt=\"\" width=\"640\" height=\"267\" \/><\/p>\nWe began the process of adding to our office and warehouse space in San Diego and opened a new <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/medical-marijuana-inc-works-summer-increase-access-cbd\/\">local office for HempMeds\u00ae Mexico<\/span><\/a> in Monterrey. We also brought in four new members of our executive team, including Chief Marketing Officer <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/stephen-jones-brings-decades-experience-kannaway-new-chief-marketing-officer\/\">Stephen Jones<\/span><\/a>. <\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32558\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/graphic-5-1024x512.png\" alt=\"\" width=\"640\" height=\"320\" \/><\/p>\n<h2>Influence and Presence at Key Events<\/span><\/h2>\nThe Medical Marijuana, Inc. family of companies was also very active this year, attending, sponsoring, and hosting important medical and cannabis focused events around the world, spreading our message of the benefits of cannabinoids for the human body.<\/span><\/p>\nMedical Marijuana, Inc. sponsored and exhibited at the Aug. 18-20 <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-exhibit-federally-legal-product-zero-thc-real-scientific-hemp-oil-expoweed-mexico-city\/\">ExpoWeed Conference<\/span><\/a>, the largest annual cannabis conference held in Mexico. We exhibited our award winning line of CBD oil products and discussed the role that our RSHO-X\u2122 CBD oil has played in Mexico\u2019s evolving medical cannabis laws. <\/span><\/p>\nDistribution division HempMeds\u00ae traveled to Baltimore September 14-16 to sponsor and participate in the <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-hempmeds-announces-sponsorship-natural-product-expo-east-2017\/\">Natural Products Expo East<\/span><\/a>. The premier natural ingredients exposition, an important B2B event held each year, allows HempMeds\u00ae to expand its wholesale and bulk business.<\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32559\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/body-image-2-1024x768.jpg\" alt=\"\" width=\"640\" height=\"480\" \/><\/p>\nHempMeds\u00ae additionally sponsored the <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-hempmeds-announces-sponsorship-6th-annual-run-4-hope-festival-5k\/\">Run4Hope<\/span><\/a> in Carrollton, Texas, for the 5th time. The event is held to raise funding for medical research into neurological conditions and to honor the memory of Harper Howard, namesake of <\/span><a href=\"http:\/\/www.hope4harper.com\/\">Hope4Harper<\/span><\/a>. <\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32560\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/body-image-3-1024x427.jpg\" alt=\"\" width=\"640\" height=\"267\" \/><\/p>\nInternational portfolio company HempMeds\u00ae Brasil also worked to raise awareness for the role cannabinoids can play in the treatment of neurological conditions. HempMeds\u00ae Brasil sponsored the the <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-hempmeds-brasil-sponsor-8th-abn-rjanerj-congress-rio-de-janeiro\/\">8th Brazilian Academy of Neurology\/Association of Neurology of the State of Rio de Janeiro (ABN-RJ\/ANERJ) Congress Workshops<\/span><\/a> held September 28-30 in Rio De Janeiro.<\/span><\/p>\nLocal division HempMeds\u00ae Mexico similarly worked to increase the understanding of medical cannabis among health officials. First, HempMeds\u00ae Mexico participated in the <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-hempmeds-mexico-discusses-therapeutic-benefits-cannabis-annual-international-league-epilepsy-meeting\/\">LX Annual Meeting and National Congress of the Mexican Chapter of the International League Against Epilepsy<\/span><\/a>, which took place in Tijuana, Mexico, July 26-29. Later in the 3rd quarter, HempMeds\u00ae Mexico participated in the <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-hempmeds-mexico-announces-participation-32nd-international-congress-epilepsy-barcelona\/\">32nd International Congress of Epilepsy<\/span><\/a> in Barcelona, Spain, September 2-6.<\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32561\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/body-image-4-1024x427.jpg\" alt=\"\" width=\"640\" height=\"267\" \/><\/p>\nMedical Marijuana, Inc. also held key events of our own. Portfolio company Kannaway held its regional Red Carpet events for brand ambassadors in <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-kannaway-hold-final-exclusive-red-carpet-event-2017-melville-ny-showcasing-companys-hemp-oil-lifestyle-products\/\">New York<\/span><\/a>, <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-kannaway-hold-another-exclusive-red-carpet-event-phoenix-az-showcasing-companys-hemp-oil-lifestyle-products\/\">Phoenix<\/span><\/a>, and <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-kannaway-announces-exclusive-red-carpet-event-orange-county-ca\/\">Orange County, California<\/span><\/a> to promote its line of CBD hemp oil products and the Kannaway direct selling system.<\/span><\/p>\nFurther south, HempMeds\u00ae Brasil hosted a <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-subsidiary-hempmeds-brasil-hold-second-doctor-symposium-medical-cannabis-sao-paulo-brazil\/\">sold-out doctor symposium<\/span><\/a> in Sao Paulo, Brazil, dedicated to providing the Brazilian medical community with information about the medical value of cannabidiol (CBD), how to legally import CBD into the country and prescribe it for patients and present CBD clinical study results.<\/span><\/p>\n<h2>Access to MJNA CBD Oil Products Internationally<\/span><\/h2>\nMedical Marijuana, Inc. did more than just raise awareness for cannabinoids this past quarter. Our portfolio of companies also took steps to expand access to cannabinoids to people around the world. <\/span><\/p>\nFor the first time ever, the <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/medical-marijuana-inc-announces-state-mexicos-historic-purchase-companys-cannabis-product-citizens\/\">government in Mexico purchased CBD oil products<\/span><\/a> from HempMeds\u00ae Mexico for its citizens. Having governments subsidize the healthcare costs generated by CBD oil is a historic step towards normalization of cannabinoids as a treatment option.<\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32562\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/body-image-5-1024x427.jpg\" alt=\"\" width=\"640\" height=\"267\" \/><\/p>\nMeanwhile in Brazil, new prescriptions for <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/amyotrophic-lateral-sclerosis-als-psoriasis-patients-receive-brazilian-government-permission-treated-medical-marijuana-inc-subsidiary-hempmeds-brasil-flagship-product-rsho\/\">ALS and Psoriasis<\/span><\/a> were written for patients in the country. Other conditions already approved in Brazil include <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/epilepsy-2-medical-marijuana-research\/\">epilepsy<\/span><\/a>, <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/parkinsons-disease-medical-marijuana-research\/\">Parkinson\u2019s disease<\/span><\/a>, <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/pain-medical-marijuana-research\/\">chronic pain<\/span><\/a> and cancer.<\/span><\/p>\nKannaway continued its international expansion efforts last quarter, ending Q3 with a <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/kannaway-begins-european-expansion-cbd-oil-business-local-events\/\">two-week tour of the European Union<\/span><\/a> to generate excitement for its upcoming official launch in Europe and build a foundation of brand ambassadors in the region.<\/span><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-32563\" src=\"https:\/\/www.medicalmarijuanainc.com\/wp-content\/uploads\/2017\/11\/body-image-6-1024x427.jpg\" alt=\"\" width=\"640\" height=\"267\" \/><\/p>\nMedical Marijuana, Inc. and our portfolio of companies have our eyes set on opening other emerging cannabinoid markets around the world.<\/span><\/p>\n<h2>Clinical Drug Development<\/span><\/h2>\nMedical cannabis companies around the world are now working with cannabinoids, the active compounds in cannabis, in hopes of unlocking their potential to treat an extensive list of <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/education\/\">conditions<\/span><\/a>. <\/span><\/p>\nTwo of Medical Marijuana, Inc.\u2019s investments, AXIM\u00ae Biotechnologies and Kannalife\u2122 Sciences are exploring ways to create new cannabinoid-based pharmaceutical drugs for a range of medical indications. \u00a0<\/span><\/p>\nAXIM\u00ae Biotechnologies has entered new clinical development programs for <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-major-investment-axim-biotech-enters-agreement-israel-based-cro-begin-clinical-poc-study-treatment-restless-leg-syndrome\/\">Restless Leg Syndrome<\/span><\/a> and <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-major-investment-axim-biotech-enters-clinical-study-agreement-university-british-columbia-begin-clinical-trial-cbd-chewing-gum-treatment-drug-related-psych\/\">Drug Related Psychosis<\/span><\/a>. These two conditions join 14 others currently being investigated as potential routes for new drug development. <\/span><\/p>\nKannalife\u2122 Sciences, another Medical Marijuana, Inc. biotechnology investment, continued its work to develop cannabis-based drugs for the treatment and prevention of <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/chronic-traumatic-encephalopathy-overview\/\">chronic traumatic encephalopathy<\/span><\/a> (CTE). Company spokesperson and former NFL player Nick Lowery was part of a <\/span><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-portfolio-company-kannalife-sciences-wraps-media-tour-discussing-cte-new-york-new-spokesman-nick-lowery\/\">media blitz<\/span><\/a> to promote cannabis as a solution to the NFL\u2019s CTE epidemic.<\/span><\/p>\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/RpCtCIQKfdo\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h2>Media Coverage<\/span><\/h2>\nThe activities of Medical Marijuana, Inc. and our portfolio of companies and investments were covered nationally and internationally on nearly a dozen news outlets, including the following:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/investors.medicalmarijuanainc.com\/vanity-fair-mexico-article-features-medical-marijuana-inc-subsidiary-hempmeds-mexicos-role-improving-lives-thousands-patients\/\">Vanity Fair<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.forbes.com\/sites\/debraborchardt\/2017\/08\/23\/hemp-cannabis-product-sales-projected-to-hit-a-billion-dollars-in-3-years\/#3cc98b27474c\">Forbes<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/medicalmarijuanainc.com\/watch-kannalife-sciences-new-spokesperson-nick-lowery-several-national-media-outlets-week\/\">CBS Sports Network<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/investors.medicalmarijuanainc.com\/medical-marijuana-inc-portfolio-company-kannalife-sciences-wraps-media-tour-discussing-cte-new-york-new-spokesman-nick-lowery\/\">Fox Business<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/investors.medicalmarijuanainc.com\/fox-4-news-provides-ongoing-coverage-2017-run4hope-festival-5k\/\">Fox 4 News Dallas<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/investors.medicalmarijuanainc.com\/telemundo-visits-medical-marijuana-inc-offices-learn-rsho-mexico\/\">Telemundo<\/span><\/a><\/li>\n<\/ul>\n<h2>MJNA Celebrates Industry Rife with Opportunities<\/span><\/h2>\nMedical Marijuana, Inc. and our portfolio of companies are pleased with the progress made in Q3, as well as with our role in being the <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/we-are-a-company-of-firsts\/\">first company<\/span><\/a> to bring legal CBD oil to market. The cannabinoid market continues to grow both in the U.S. and around the world and we\u2019re excited about the opportunities that await us in this amazing industry.<\/span><\/p>\nDiscover more about Medical Marijuana, Inc. and our family of companies on <\/span><a href=\"https:\/\/medicalmarijuanainc.com\/news\/\">our news feed<\/span><\/a>. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Diverse portfolio of investments makes incredible strides in bringing access to cannabinoids to people worldwide.<\/p>\n","protected":false},"author":1,"featured_media":1980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\n<title>Medical Marijuana, Inc. Portfolio Sees Significant Revenue Gains in 3rd Quarter - Medical Marijuana, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/medicalmarijuanainc.com\/2017\/11\/21\/medical-marijuana-inc-portfolio-sees-significant-revenue-gains-3rd-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medical Marijuana, Inc. 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