Medical Marijuana, Inc. Subsidiary HempMeds® Signs Agreement with National Distributor Mr. Checkout
SAN DIEGO, Feb. 6, 2019
SAN DIEGO, Feb. 6, 2019 /PRNewswire/ -- Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, today announced that its subsidiary HempMeds® has signed an agreement with national distribution leader Mr. Checkout to distribute its line of cannabidiol (CBD) hemp oil tinctures, liquids, topical and pet products to thousands of members of national and independent retailers including natural grocery and health stores, vitamin retail outlets and pharmacies.
Established in 1989, Mr. Checkout is a national group of independent direct store delivery distributors, full-line grocery distributors and wagon-jobbers, representing products at over 60 major retailers. Its distribution network services over 35,000 retailers across the United States, Canada and parts of the Caribbean. In addition, Mr. Checkout has worked with ABC's Shark Tank to help vet products either before they're on the show or afterward when the deal has closed.
"This partnership signifies the next monumental step for the company to continue to grow and make 2019 a landmark year of outreach and sales," said HempMeds® President Todd Morrow. "We have many world-class CBD products made with the highest-quality European hemp that deserve to be shared with a larger audience of consumers than we currently have and we believe that Mr. Checkout can help us do this."
HempMeds® was the first company to ever bring hemp-based CBD oil products to market in the U.S. in 2012 -- and the first to both make CBD products available in bulk for U.S. consumers and also provide high-quality CBD hemp oil to customers around the world. HempMeds® was also the first-ever company to receive historic federal government import approvals for its CBD products in the nations of Argentina, Brazil, Mexico and Paraguay.
"We are honored to partner with a company such as HempMeds that has such a long history of innovation and success," said Mr. Checkout CEO Joel Goldstein. "We believe this partnership will be both lucrative and rewarding as we distribute the company's all-natural, sustainable products to thousands of independent retailers throughout North America."
HempMeds® is a corporate portfolio company of Medical Marijuana, Inc. (OTC: MJNA) and the Company's exclusive master distributor and contracted marketing company, handling sales and distribution.
About Medical Marijuana, Inc.
We are a company of firsts®. 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 details on Medical Marijuana, Inc.'s portfolio and investment companies, visit www.medicalmarijuanainc.com.
To see Medical Marijuana, Inc.'s corporate video, click here.
Shareholders and consumers are also encouraged to buy CBD oil and other products at Medical Marijuana, Inc.'s shop.
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.
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.
Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act (US.CSA). These companies do 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.
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SOURCE Medical Marijuana, Inc.