Medical Marijuana Inc. (PINK:MJNA) Stock Profile
Medical Marijuana Inc. (MJNA) is a publicly traded company who has a portfolio consisting of five subsidiaries. Their wide range in companies owned expands into the pharmaceutical, nutraceutical and cosmeceutical industries. Even though their companies are separate entities, they use each others resources as a way to grow off each other. They own over 50 proprietary and patented cannabinoid delivery methods that are considered some of their biggest assets. As of December 31, 2012, Medical Marijuana Inc. had a debt ratio (total liabilities/total assets) of just .52%. This is an unprecedented number, and a good sign for investors.
“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”.
Notable Subsidiaries, Products or Brands:
PhytoSPHERE Systems is a cannabinoid based biotechnology company that builds and develops technologies and deploys them in state -of-the-art facilities. Their products are geared for the pharmaceutical and nutraceutical industries. They have a few key technologies that make their company stand out. They have a structure that places rows of plants perpendicular to an interior light source, which helps the plants thrive more efficiently. PhotoSPHERE also has a proprietary clipping, curing and packaging system, allowing for a pharmaceutical grade method of cultivation. They also own computer operated sprayers that ensure even distribution of nutrient feeding solutions. With this technology crops can be grown year-round in any location using precise combinations of light, water, and nutrients to maximize production. Finally, they use an extraction and production process for cannabinoid based compounds using standardized processes and technology.
Red Dice Holdings LLC is a holding company who owns the fomulas, equipment, and extraction processes for hemp oil based products. The company’s revenue model is developing, selling, and licensing their products to distributors throughout the world. Their most recognized brand, Dixie Elixirs, is in over 400 retail locations in Colorado. Dixie Elixirs also has their own proprietary CO2 extraction process which ensures consistent dosage of medicine and flavor within of their products.
HempMeds RX provides quality hemp based health and wellness products. Their unique and patented and proprietary extraction process allows for an advantage in bringing these products to consumers around the world. The company utilizes the PhytoSPHERE Systems growth and extraction technology to produce its raw plant materials as well as joining in its production from other international producers of hemp.
Wellness Managed Services offers a wide array of clinically designed health and wellness products. Their products are attractive to patients who consistently use medical marijuana as a way of relief. They also help wellness centers through the constantly changing environment of the medical cannabis industry. They have locations throughout North America, and are expected to expand to Europe and Asia in 2013. and services.
CanChew Biotechnologies focuses on the treatment of pain and other medical disorders through the application of chewing gum based cannabis medical products.The company focuses on R&D, execution, and licensing of their technology. Their R&D searches for a better formulation, production and development of chewing gum based products for the treatment of numerous diseases like pain, nausea, vomiting, anorexia, spasticity and various other symptoms.
Key Executives of Medical Marijuana, Inc. and subsidaries:
- Ted Caligiuri - CEO, President and Director
- Robert Plomgren - Chief Financial Officer
- Michelle Sides – Chief Operating Officer and Chairman
- David Darlington - President, PhytoSHERE Systems, and Vice Chairman
- Tripp Keber - President, RDH Licensing
- Babak R. Ghalili - Medical Director
- Dr. Philip A. Van Damme - Director, Canchew Biotechnologies
- Dr. George E. Anastassov - Director, Canchew Biotechnologies
- Lekhram Changoer - Director, Canchew Biotechnologies
Medical Marijuana Corporate Headquarters:
2665 Ariane Drive Suite 207 San Diego, CA 92117
Fax: 888 651-0349
Company Website: Medical Marijuana Inc.
For more investor related information please visit: Medical Marijuana Inc.’s investor relations.