Wednesday, April 20, 2011

Medical Marijuana Inc Announces Share Buy-Back Program -- CannaBANK Opens Training Centers

SAN DIEGO, CA--(Marketwire - Apr 11, 2011) - Medical Marijuana Inc (PINKSHEETS: MJNA) is proud to announce the implementation of a share buy-back program beginning on April 11, 2011. Interested parties may contact

CannaBANK training centers are slated to open in Sacramento, California, San Joaquin County, California and Las Vegas, Nevada within the month of April. Onsite training will include caregiver modules to ensure that trainees are up to the challenges of providing for the healthcare, housing and the safety of patients. CannaBANK will hold their trainees to the highest standards in order to prepare them for challenges such as elderly care and hospice work. Additional training centers to be opened in Arizona, Colorado and Michigan in May.


Medical Marijuana, Inc. to Announce New Management Team

AN 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.


Friday, April 1, 2011

Medical Marijuana Inc Enters Into Letter Of Intent to Merge Assets of Hemp Deposit Distribution Corporation

Medical Marijuana Inc (Pinksheets:MJNA - News) is proud to announce the signing of a LOI with Hemp Deposit Distribution Corp (HDDC), a Delaware based Co., d/b/a CannaBANK. HDDC is slated to become a subsidiary of Medical Marijuana Inc (MMI) The LOI calls for an administrative restructure with HDDC being issued a controlling majority of the common stock of the company, the current officers of MMI resigning, and HDDC shareholders electing a new Board. The Hemp Network will remain as an operating division of the Company. MMI will increase the amount of authorized capital shares to accommodate the additional issuance of shares to HDDC based on the assets of the subsidiary (HDDC).

President Donald Steinberg stated, "CannaBANK has shown true leadership and have proven they have the vision to take the medical cannabis industry to the next level. They have provided an opportunity for many others to share in the growth of this new and exciting industry. CannaBANK has management and skill sets in place to set the standards as the industry leader."

Jordanne Brenkwitz, Operation Director of CannaBANK, was equally upbeat saying "The timing is perfect for a strategic move and this merger will allow CannaBANK an increased platform to take transparency, value, education and compliance within the industry to the next level."


The Hemp Network Provides Update on Industrial Hemp Production

Medical Marijuana Inc (Pinksheets:MJNA - News) announces that its division, The Hemp Network®, has made an agreement with a Guatemalan Cooperative for the production and manufacture of Hemp-related products.

The Cooperative in Guatemala has contracted the facilities required to turn our Hemp into finished products including textiles, construction materials, paper products, foodstuffs, shoes, purses, hammocks, and other finished hemp products. All items will be top quality, specialty hand-made goods, not mass produced, in order to further enhance our efforts supporting local communities.

These products will be entirely made by hand. Female artisans will be specially trained to work with hemp. Their salaries will help to make them independent and self-sufficient members of society -- and bring commerce to rural areas that are isolated from major cities. With a variety of goods being produced, there will be education, schools and increased commerce to remote areas. This is a social program endorsed by the Guatemalan Government.

President Don Steinberg stated, "This is not marijuana being grown in Guatemala. This is 'Industrial Hemp,' a product that was cultivated in Guatemala for many years. Guatemalan artisans are noted for fashioning Hemp into fine products that have been available in the world market. Hemp is a plant currently cultivated legally in countries such as Canada and Romania. We are proud to be associated with this project that will bring economic benefit to the fine people of Guatemala."

Medical Marijuana Inc Completes Agreement to Import, Grow and Process Industrial Hemp in Guatemala

Medical Marijuana Inc (Pinksheets:MJNA - News) announces that its division, The Hemp Network, has taken the next step to become a leader in the production and distribution of Industrial Hemp. President Don Steinberg stated, "We will now control our involvement in the Hemp Industry by growing Hemp in Guatemala, making that Hemp into hundreds of useable products, and then use our global base of distributors to create awareness of the qualities of Hemp based products."