Medical Marijuana Inc.'s and LiveWire's Joint Venture -- HempWire -- Received Purchase Order for World's First Hemp CBD-Infus...
April 08 2014 - 9:00AM
Medical Marijuana, Inc. (OTC Pink:MJNA) is pleased to inform
shareholders and the general public that HempWire, LLC ("HempWire")
– the Company's joint venture with LiveWire Ergogenics, Inc.
(OTCQB:LVVV) ("LiveWire") – received its initial purchase order for
the world's first CBD-rich hemp oil-infused functional food
products. The $1.1 million purchase order sets into motion
production of retail packaged cannabidiol (CBD)-rich hemp
oil-infused energy chew squares.
"To counter recent reports by the mainstream news media, Medical
Marijuana, Inc. recently launched an awareness campaign through
HempMedsPX™ emphasizing that one does not need to uproot and move
to Colorado to access CBD-rich hemp oil products," states Michelle
Sides, Chief Operating Officer of Medical Marijuana, Inc. "With the
widespread distribution of the first-ever CBD-rich hemp oil
functional food energy chew squares by HempWire, the public's
perception that there is a CBD oil shortage will quickly change. We
are excited to announce that these great tasting taffy-like chew
squares will be available to consumers in May."
Bill Hodson, CEO of LiveWire says, "We've been working closely
with the product development team at Medical Marijuana, Inc. for
the past three months. Our goal has been to become the market
leader in this category, and with this order we take a significant
step towards setting a standard for CBD-rich hemp oil functional
foods."
Studies indicate the global market value for functional food
will be $221.58bn in 2014. HempWire's distribution network includes
LiveWire's extensive chain of existing convenience store retailers,
grocery stores, and pharmacy chain stores in addition to the
established sales network of Medical Marijuana Inc.'s
HempMedsPX™.
About HempMedsPX
HempMedsPX offers mainstream marketing, sales, customer
service, and logistics for the cannabis industry.
HempMedsPX is a corporate portfolio company of Medical
Marijuana, Inc. (OTC Pink:MJNA) and the Company's exclusive
master distributor and contracted marketing company. In addition to
handling sales and distribution, HempMedsPX is the
communication hub for the Medical Marijuana Inc. portfolio of
companies.
About Medical Marijuana, Inc.
Our mission is to be the premier cannabis and hemp industry
innovators, leveraging our team of professionals to source,
evaluate and purchase value-added companies and products, while
allowing them to keep their integrity and entrepreneurial spirit.
We strive to create awareness within our industry, develop
environmentally-friendly, economically sustainable businesses,
while increasing shareholder value. For more information, please
visit the company's website at: www.MedicalMarijuanaInc.com
About LiveWire Ergogenics, Inc.
LiveWire Ergogenics Inc. was formed in 2008 and its products are
available for purchase at thousands of retail outlets nationwide or
are available online at: http://www.livewireenergy.com
Facebook: http://www.facebook.com/LiveWireEnergychews
Twitter: https://twitter.com/EnergyChews
Investor Information:
http://www.otcmarkets.com/stock/LVVV/quote
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the FDA and are not
intended to diagnose, treat or cure any disease.
FORWARD-LOOKING DISCLAIMER This press release may contain
certain forward-looking statements and information, as defined
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and is subject
to the Safe Harbor created by those sections. This material
contains statements about expected future events and/or financial
results that are forward-looking in nature and subject to risks and
uncertainties. Such forward-looking statements by definition
involve risks, uncertainties and other factors, which may cause the
actual results, performance or achievements of Medical Marijuana
Inc. to be materially different from the statements made
herein.
LEGAL DISCLOSURE
Medical Marijuana, Inc. and HempMedsPX do not sell or distribute
any products that are in violation of the United States Controlled
Substances Act (US CSA). The company does grow, sell and distribute
hemp-based products and are involved with the federally legal
distribution of medical marijuana-based products within certain
international markets. Cannabidiol is a natural constituent of hemp
oil.
CONTACT: Investor relations contact:
Perry Coleman
Medical Marijuana, Inc.
P. 443-453-5088
perry@medicalmarijuanainc.com
Corporate Contact:
Medical Marijuana, Inc.
Toll Free: 888-OTC-MJNA (888-682-6562)
www.medicalmarijuanainc.com
www.facebook.com/mjnainc
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