Halfway by way of 2019, Medical Marijuana, Inc. celebrates its largest gross sales month ever, setting the tone for the remainder of 2019.
Medical Marijuana, Inc. and our subsidiary firms Kannaway® and HempMeds® had their largest-ever (unaudited) gross sales bookings month in firm historical past in June of 2019. This accomplishment is a part of an upward development that has been skilled throughout our household of firms over the previous few years. Our firm recorded its highest gross sales yr ever in 2017 after which surpassed that quantity in 2018.
Efforts in 2019 just like the creation of recent merchandise, becoming a member of business associations, opening new markets, and advocating for CBD on the nationwide stage have allowed us to additional our mission of offering entry to high quality CBD to shoppers all over the world.
“As we strategy the mid-year mark, we’re thrilled to see our development in 2019 proceed,” stated Medical Marijuana, Inc. CEO Dr. Stuart Titus. “Our success might be attributed to the corporate’s new administration group from March 2016, dealing with each the Kannaway division in addition to general company-wide operations. This new crew has grown month-to-month income 15 occasions in comparison with March 2016 income. We optimistically take a look at continued development as operational actions increase into new markets through the second half of the yr.”
Final month, HempMeds® added new merchandise to its Private Care Line of hemp bathtub and physique merchandise. The corporate’s Private Care Line contains shampoo, conditioner, physique wash, and lotion, in addition to Lively Reduction mentholated roll on, Soothing Physique Balm, and Important Physique Oil – all formulated with CBD hemp oil. You may store our retailer for the full HempMeds® line.
Our model Dixie Botanicals® launched its new CBD sunscreen in June in partnership with Floor®, Southern California producers of high quality sunscreen. Dixie Botanicals® + Floor® CBD-Infused SPF50 Sheer Contact Sunscreen blends 100 mg of CBD with Floor® sunscreen lotion to supply the most effective pores and skin safety on the market. Dixie Botanicals®’s premium CBD sunscreen is formulated to be ultra-lightweight and go away your pores and skin feeling clear and smooth whereas successfully defending your pores and skin from the damaging results of the solar. Yow will discover Dixie Botanicals® + Floor® CBD-Infused SPF50 Sheer Contact Sunscreen now in our retailer.
Medical Marijuana, Inc. subsidiary Kannaway® additionally kicked off pre-marketing initiatives in Japan, the following market within the firm’s worldwide growth plan. Final yr, the corporate started its worldwide efforts by beginning operations within the European Union, the place the corporate continues to work with the governments of member nations to create a regulated CBD market.
Kannaway® additionally grew to become a member of the European Industrial Hemp Affiliation (EIHA) in June. As an EIHA member, Kannaway will take part within the group’s operational and legislative actions as a part of Medical Marijuana, Inc.’s mission to deliver entry to high quality hemp and CBD merchandise to as many individuals as attainable all over the world.
Medical Marijuana, Inc. introduced in June that it accomplished a milestone within the first-ever high-level stability examine on a CBD hemp oil product. The long-term stability testing is being performed Actual Scientific Hemp Oil-X™ in strict compliance with FDA/ICH pointers. The constructive 6-month accelerated and 9-month long-term stability check outcomes counsel that RSHO-X™ is a steady formulation. A preliminary shelf-life of 12 months was derived from the first and supportive information. The steadiness testing will likely be continued as much as 24 months. A corresponding shelf-life of 24 months is anticipated.