FOOTHILL RANCH, CA (Marketwire - June 11, 2010) - Medical Marijuana Inc (OTC: MJNA) has issued a President's letter to shareholders regarding The Hemp Network and general progress.
We are fortunate to have this great opportunity in front of us. We have the ingredients necessary to build a great company with serious value for our shareholders. The medical marijuana, hemp and related products industries are in their infancy and growing at fantastic rates. Although cannabis has been utilized for thousands of years, it is because of changing laws that make it possible for MJNA to be the first public company to step into this business now.
PRODUCTS: Our business model is focused on Medical Marijuana, Hemp and Wholesome products. In the Medical Marijuana field, we are focused on supplying the tools necessary for participants in the supply chain to be in compliance. We have recently upgraded to utility status our patent pending Tax card for dispensaries designed to bring these cannabis outlets and home delivery systems within tax compliance. Recently LA city council determined they wanted to go to a cashless dispensary system. As this desire spreads across America, we plan to participate in implementing these systems.
Bruce Perlowin, our Chairman and CEO, has developed an unparalleled, in-depth knowledge of our industry, ranging from seed development to the efficacy of medicinal products utilized by patients. With that knowledge, we have been able to upgrade our utility patent pending for a complete Tracking system that combines a chain of efficiency and compliance as the laws evolve. Bruce is also working with leading growers to develop certain strains of medical marijuana that are designed to meet a person's medical needs. As medical marijuana laws continue to evolve, our national agent sales force will be equipped to reveal for qualified physicians, the diverse and unique cannabis medicines we have developed so they can prescribe the very best solutions for their patients' needs.
Hemp is one of the most amazing plants on earth, capable of producing fibers for clothing and paper, oil for food, milk, cheese, alternative energy, pharmaceuticals, etc.
The 1st step to wellness is to have a healthy body. In that regard, we are developing a line of health products that will naturally enhance the benefits of medical marijuana to the patient. We have a complete team of doctors, immunologists and scientists developing and formulating what we believe will be the finest supplements to health. Our capsules are being designed to be made of healthy ingredients, and not made from animal products.
We have recently opened a new division "The Hemp Network" which is a network marketing company designed to efficiently distribute our products on a global basis. Based on years of experience owning and administering past network marketing companies, our Chairman/CEO and myself together bring a wealth of background. The official launch date for "The Hemp Network" is August 29, but already nearly 500 people have signed on as agents. As we develop this network into thousands of agents, we are well prepared for massive distribution of our high quality hemp and health related products. We encourage our shareholders to sign up with http://www.TheHempNetwork.com
. We are excited about these products and hope you will be too when you see them displayed on our web site or have the pleasure of enjoying them yourselves in early September.
Don Steinberg, President
Remember, The conference call line is: 218-339-3600 PIN: 321677#.
Spread the word far and wide!
Also, remember we have a pre-recorded conference call that anyone can call in to at any time and get some great information on The Hemp Network at:
712-432-1085 PIN: 768930.