Thursday, May 12, 2011

Medical Marijuana Inc Completes Merger With CannaBANK

Medical Marijuana Inc. (Pinksheets:MJNA) has completed an agreement with the Hemp Deposit Distribution Corp (HDDC), a Delaware based Co., d/b/a CannaBANK. This agreement calls for shares of MJNA to be issued to HDDC in exchange for assets which include real estate, Intellectual Properties, patents and future acquisitions.


HDDC will assume administrative control and a majority stock position. The current officers and directors of MJNA will be replaced by officers and directors appointed by HDDC. The Hemp Network will remain as an operating division of the Company.


President Donald Steinberg stated, "The people behind CannaBANK are incredible. I am very impressed with the vision and the leadership they are showing. I am proud to turn over corporate leadership to this fine group."


Bruce Perlowin stated, "We feel that the current stockholders will benefit enormously with the new arrangement and we look forward to an extremely productive and lucrative future for everyone involved with MJNA."


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2 comments:

  1. This will be a good idea for sharing, some of my friends already experience on legal herbs but I didn't tried it yet.Keeping healthy is a must.

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  2. Aim to provide best quality CBD products. In our CBD Shop you will find many products with CBD-infused products including CBD oil, capsules and cosmetics. All made from Hemp.

    ReplyDelete