Hot Business News Today

Hot Business News Today

Kannaway Acquired By Medical Marijuana

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Medical Marijuana, Inc. (OTC Pink:MJNA), a leading industrial hemp industry innovator, is proud to announce that it has signed a definitive agreement to acquire 100% membership interest of Kannaway, LLC. The amount of the sale is undisclosed.
The valuation of Kannaway is in the range of $119.6-242.7 million.
The agreement is expected to take at least 90 days to close and will effectively make the cannabis-based network marketing company a wholly owned subsidiary of the first-ever publicly traded cannabis company.
Kannaway’s valuation was performed by none other than esteemed financial advisory and investment banking firm, Houlihan Capital. The firm has performed valuations for similar category creators including: Urban Outfitters, Redbox, Micros Systems Inc., LeapFrog Enterprises, Tootsie Roll Enterprises, U.S. Airways Inc., and more. Houlihan Capital is a Financial Industry Regulatory Authority (FINRA) and SIPC member, committed to the highest levels of professional ethics and standards.
“Quality, ethics and accountability are hallmark principles that are the foundation for each Medical Marijuana, Inc. company,” states Michelle Sides, Chief Operating Officer of Medical Marijuana, Inc. “We are thrilled at the addition of Kannaway to Medical Marijuana, Inc.’s investment portfolio as the Company’s leadership operates under the same beliefs.
Kannaway offers Medical Marijuana, Inc. shareholders a

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Hot Business News Today

Jeunesse Celebrates Record Month In December With $61 Million In Sales

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Finishes 2014 with over $400 Million in Sales Revenue
Jeunesse is celebrating its highest annual sales since the company’s inception, closing 2014 with record-breaking sales surpassing $400 million—a huge increase over its 2013 total of $256 million.
Continuing a streak of explosive growth in its fifth year since inception, Jeunesse achieved a record $61 million in sales in December, with 68,000 new distributors joining that month and over 6,500 on December 31st alone.
This new peak occurred only two months after its previous best month in October, when the company eclipsed $50 million in sales and welcomed more than 42,000 new distributors.
These record numbers cap a remarkable year of accomplishment for Jeunesse. A total of 367,000 distributors joined Jeunesse during the year, with 32 new Diamond Directors and 9 new Double Directors achieving the rank from 2014 alone. In April, Jeunesse won six American Business Awards, including Company of the Year, Corporate Social Responsibility Program of the Year, and Best Corporate Sales Video.
That same month, Jeunesse won twelve Telly Awards for their innovative, distributor-friendly marketing materials and ranked at #46 on Direct Selling News’ Global 100 List—a 32-spot rise from the previous year’s rankings. June 2014 heralded the company’s inclusion in

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