Medical Marijuana Inc (OTCMKTS:MJNA) is proud to announce to its shareholders that it has appointed Blake N. Schroeder as Vice President of Operations for MJNA. In addition, he will also serve as CEO for Kannaway, LLC which is a wholly-owned subsidy of Medical Marijuana, Inc.
Blake is a seasoned veteran in the nutritional industry and has experiences in sales, product development, marketing, distribution and operations. He has extensive background in legal and regulatory insight to operating a global company. Schroeder grew European sales to $50 million for MonaVie. He also worked at ForeverGreen where he was responsible for complete rebranding and expanding their largest market, Europe, with sales growth of 50% as President of the region.
The marijuana industry has been reported to be the fastest growing industry across the United States. Its annual growth rate is projected to be 30%+ and estimated to reach over $44 billion within the next few years. MJNA owns and operates several subsidies. The Company operates through the following fully or partially (50% or more) owned subsidiaries: HempMedsPX, LLC (80%),Wellness Managed Services, LLC (80%), Red Dice Holdings, LLC (100%), CanChew® Biotechnologies, LLC (50%), Hempwire, LLC (50%), Kannaway, LLC (100%), and HempVap, LLC (50%).
The CEO of MJNA provided a statement about the new VP saying, “We are thrilled to make the announcement of Blake N. Schroeder, Esq., joining our executive leadership team. Even in turbulent economic times, Blake has consistently proven his capability of increasing revenue and growing multi-national organizations. His background with multinational marketing companies in the health and nutrition field is an extremely valuable asset. We welcome him to the MJNA team.”
Mr. Shroeder stated, “After a few visits with the executive management team at Medical Marijuana, Inc., I was crystal clear about the vision and passion behind the company, as well as the opportunity to lead in an emerging space. The choice to join the MJNA team was simple. My goal is to consistently deliver dramatic performance results, pioneer new business strategies and improve operations. Being a natural communicator has allowed me to implement strong training and leadership structure within companies to generate positive results. I’m looking forward to implementing these proven methods and expanding Medical Marijuana, Inc.’s brand presence worldwide.”
Medical Marijuana Inc (OTCMKTS:MJNA) is the first publicly held company vested in the medical marijuana and industrial hemp markets. The company is comprised of a diversified portfolio of products, services, technology and businesses solely focused on the cannabis and hemp industries. These products range from patented and proprietary based cannabinoid products, to seed and stalk or isolated high value extracts specifically manufactured and formulated for the pharmaceutical, nutraceutical and cosmeceutical industries.
The Company’s services are extensive and varied, ranging from medical clinic management to the capitalization and development of existing industry business and product leaders. Services include development of cannabinoid based health and wellness products, and the development of medical grade compounds. It provides over 85 proprietary and patented cannabinoid delivery methods that are more socially and medically acceptable than typical industry methods. Finally, its services include the licensing of its proprietary testing, genetics, labeling, and packaging, tracking, production and standardization methods for the medicinal herb industry.
MJNA is currently trading at a $63 million market valuation. The company’s new Vice President of Operations should provide credibility to the company. The share price remains depressed after the recent run up in marijuana stocks due to the release of an industry wide report. In addition, marijuana related stocks have been trading low for the last few years due to several pump and dump warnings be USA regulators.
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Disclosure: we hold no position in MJNA either long or short at the publication of this article.