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."
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Showing posts with label herbs. Show all posts
Showing posts with label herbs. Show all posts
Friday, April 1, 2011
The Hemp Network Provides Update on Industrial Hemp Production
Medical Marijuana Inc (Pinksheets:MJNA - News) announces that its division, The Hemp Network® www.thehempnetwork.com, 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."
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."
Wednesday, July 22, 2009
Medical Marijuana, Inc. Expands Internationally To Canada And Adds More Collectives in CA
MARINA DEL REY, CA--(Marketwire – July 16, 2009) - Medical Marijuana, Inc. (OTC: MJNA) expands internationally by signing Growers with Gardens in Victoria, British Columbia, Canada. MMI has also added five additional collectives in the United States as follows; Soultree Art of Healing Co-Op in Daly City, California; Netexdive Products in Valley Center, California; Chron Don’s Clinic in Garden Grove, California; Association for Alternative Therapy in Westminster, California; and Better Health Group in San Rafael, California.
Bruce Perlowin is living up to his reputation of having built the largest Marijuana business in the US. Now he is doing it legally and because of his vast experience in the business, who better to help medical marijuana become a legitimate business? Check out the latest activity and news on the company's website: www.medicalmarijuanainc.com
Bruce Perlowin is living up to his reputation of having built the largest Marijuana business in the US. Now he is doing it legally and because of his vast experience in the business, who better to help medical marijuana become a legitimate business? Check out the latest activity and news on the company's website: www.medicalmarijuanainc.com
Wednesday, April 1, 2009
Why Not Legalize Marijuana?
Isn't about time we stopped being so righteous and admitted that a big mistake was made when they legalized alcohol and made marijuana illegal. How many lives have been lost to the bottle, while there still is not significant evidence that marijuana kills. From studies conducted, they have found that marijuana actually makes you slow down, so you can actually respond better. And this is not to mention all the medical benefits.
There are so many articles out there that prove this "plant" has more positive properties than negative ones. The only thing we have to do now is to get those conservative minds to accept it. It is always hard to admit you are wrong, especially when you have been at WAR with what you thought were drugs. Think again. Marijuana is not a drug, it is a medicinal plant. I can not find or think of one instance where someone reported a marijuana overdose. At worse case scenario, you smoke yourself into a stupor and don't want to get up. But if moderation is applied, it can be a very creative experience.
Just think of all the products that could be made from legal marijuana crops. Fabric, paper, oil, and many many other "cash" crop products. Of course this would mean that taxes would be applied, but I would rather pay taxes than fines.
I heard on a video today that the government could gain over $17Bil by legalizing marijuana. That should bail out somebody. It is legal in Holland and they have no more crime that when it was not legal.
There are so many articles out there that prove this "plant" has more positive properties than negative ones. The only thing we have to do now is to get those conservative minds to accept it. It is always hard to admit you are wrong, especially when you have been at WAR with what you thought were drugs. Think again. Marijuana is not a drug, it is a medicinal plant. I can not find or think of one instance where someone reported a marijuana overdose. At worse case scenario, you smoke yourself into a stupor and don't want to get up. But if moderation is applied, it can be a very creative experience.
Just think of all the products that could be made from legal marijuana crops. Fabric, paper, oil, and many many other "cash" crop products. Of course this would mean that taxes would be applied, but I would rather pay taxes than fines.
I heard on a video today that the government could gain over $17Bil by legalizing marijuana. That should bail out somebody. It is legal in Holland and they have no more crime that when it was not legal.
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