Tag Archive for Medical Marijuana

Hot Business News Today

Kannaway Appoints Brad Tayles As VP Operations

by Ramya Chandrasekaran • August 28, 2015 • 0 Comments

Hemp lifestyle network marketing company Kannaway today announced the addition of Bradley (Brad) J. Tayles as Vice President of Operations. The company focuses on hemp history in the U.S., consumer education of the plant’s more than 50,000 innovative uses, and the opportunity to take part in a “hemp revolution” that is returning hemp to consumers’ daily lives with unique hemp cannabidiol (CBD) oil products.

“We are very fortunate that Brad Tayles joined the Kannaway organization and welcome him to our team,” states Jeff Rogers, Chief Executive Officer of Kannaway. “His experience in the network marketing industry is an invaluable asset to the corporate team and to the ‘Kannaway Nation’. Having the ability to attract industry icons like Brad Tayles is the reason why we feel Kannaway has become a legacy company in the

Hot Business News Today

Kannaway Boosts Medical Marijuana Sales By 280%

by Ramya Chandrasekaran • May 26, 2015 • 0 Comments

Medical Marijuana Inc, the parent company of Kannaway, billed as the world’s first direct sales company specializing in hemp based botanical products, announced its FY2014 report, with a 280% increase in sales.
The CEO also sent a letter to shareholders updating them on the current year’s plans. Additionally, the company also launched a new website, in honor of “420” celebrations. The celebrations mark the changes in the cannabis industry, moving from illegal to legal and the realization of the truth about cannabis.
In its financial report the company reported a year over year increase of 280% in sales. Additional highlights included maintaining a credit reserve of $6 million and an increase in the capacity of merchant accounts to $20 million. The increase in sales has been credited to the expansion of operations and the acquisition

Hot Business News Today

Kannaway Wins Start-Up Of The Year Award From MLM Academy

by Ramya Chandrasekaran • May 8, 2015 • 0 Comments

Kannaway, LLC, the first hemp lifestyle network marketing company to offer natural cannabidiol (CBD) hemp botanical products, is proud to announce that it received the prestigious Start-Up of the Year Award from the Academy of Multi-Level Marketing (TAMM).

Jeff Rogers, Chief Executive Officer of Kannaway, states, “We are truly honored to be recognized by The Academy of Multi-Level Marketing as Start-Up of the Year for 2014. It validates the hard work and commitment of our executive team as well as our family of Brand Ambassadors.”

TAMM is composed of 150 Academy members who oversee the annual award nomination and voting process. No more than three percent can have affiliation with the same MLM Company. These vetted and TAMM Board-approved industry professionals selected 50 nominees and decided the winners of the 2014 TAMM Award in the following categories:

Hall of Fame
Start-up

Hot Business News Today

Kannaway Announces 42% Sales Growth in Q1

by Ramya Chandrasekaran • April 15, 2015 • 0 Comments

Kannaway, LLC, the first hemp lifestyle network marketing company to offer natural cannabidiol (CBD) hemp botanical products, is proud to announce that it has achieved a significant increase of 42% in new sales revenue from December 1 through February 28.
During this time, the Company announced a letter of intent to be acquired by the world’s first publicly traded cannabis company, Medical Marijuana, Inc. (OTC Pink:MJNA). The news of the acquisition was met by an increase in consumer confidence; in the same timeframe that Kannaway experienced this enormous revenue growth, the number of new Kannaway Brand Ambassadors also increased by an astounding 64%.
In addition, The Academy of Multi-Level Marketing (TAMM) announced that it has nominated Kannaway for their prestigious 2014 Start-Up of the Year award. Kannaway’s legal counsel, Kevin Thomson of Thompson-Burton who recently was awarded 2014 Person of

Hot Business News Today

Kannaway Acquired By Medical Marijuana

by Ted Nuyten • January 23, 2015 • 0 Comments

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

Page 6 of 6

« 1 … 4 5 6