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Medical Marijuana, Inc. Announces First Quarter 2012 Results
Date:5/15/2012

uct development beyond the medical marijuana industry, crossing into the nationally legal category of health and wellness with such products as sleep aids, topical and pain management. A market launch of the new products is expected by the end of the second quarter.
  • Brought PhytoSPHERE systems on-line and will begin to market the benefits of its seed-to-sale product growth and cultivation technology in an attempt to secure licensing agreements worldwide.

    • Comments regarding operations and outlook"The first quarter of 2012 brought into clear focus all that we have been working towards since Cannabank's initial investment into Medical Marijuana, Inc. about a year ago," said Michael Llamas, President of Medical Marijuana, Inc. "We have spent this last year essentially getting our house in order by clarifying the growth strategy and systematically identifying, acquiring and growing early stage companies across the spectrum of the MMJ industry from product development to retail sales.  As witnessed by our strong quarter-over-quarter and year-over-year growth, there is tremendous opportunity in this industry.  We have the capital and the systems in place to buy, incubate and grow the best companies across multiple categories within the industry. At the same time, there is aggressive natural attrition of other companies and whole categories as the industry right sizes itself-which creates further opportunities and differentiation for Medical Marijuana, Inc. this truly is the perfect storm for acquiring income producing businesses.

    "However, we also know that a 12,000 percent year-over-year growth is decidedly a factor of where we are in our growth cycle. We won't always have such favorable comparables moving forward past our second year. We do expect the comparable growth to normalize, but more importantly, we expect continued healthy growth in our core businesses as they begin to mature and the industry stabilizes. I'm equally proud t
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    SOURCE Medical Marijuana, Inc.
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