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Medical Marijuana Inc. to Acquire Biotechnology Company PharmaSphere, LLC from Converted Organics
Date:11/18/2011

, the company can assure its customers a reliable consistent supply of high quality plant based compounds such as Cannabidiol, Vincristine and Vanblastine.

Medical Marijuana Inc. at the moment will be focusing on building PharmaSphere facilities that will cultivate medical herbs such as Madagascar Rosy Periwinkle, which is the source of the generic cancer chemotherapy compounds vincristine and vinblastine. These compounds have worldwide markets for the finished drugs in excess of $4.5 billion. Once facilities are built and the medical marijuana market is legally accepting of large scale commercialization, the facilities can be transitioned to grow any medicinal herb by simply changing seeds. However, the company does plan on building facilities in countries that legally allow the cultivation of medicinal marijuana and hemp for medical benefits.  A few examples of these countries are Israel, China, and France. Medical Marijuana Inc. anticipates closing the purchase prior to the end of the fiscal year.

About Medical Marijuana Inc. (OTC: MJNA)

The world's first publically traded Medical Marijuana company.  Our mission is to be the world's premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate, invest in and purchase value-added sustainable companies, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, pay homage to the visionaries and activists of the past and present, and provide the platform from which the industry can emerge into a global sustainable economy for all. Medical Marijuana Inc. recognizes the vast and unequaled opportunities that exist in the rapidly expanding hemp and medical marijuana industries. The scientific recognition of cannabis has brought legalized marijuana use to the forefront of mainstream discussion, thus opening the door for safe and lucrative investment opportunities.


SOURCE Medical Marijuana Inc.
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