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Medical Marijuana, Inc CEO Featured in Industry Era Magazine Highlighting International Expansion Efforts
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Medical Marijuana, Inc CEO Featured in Industry Era
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Medical Marijuana, Inc. Reports $46.9M in Revenue and Increased Margins in 2020 Year-End .
Medical Marijuana, Inc.April 19, 2021 GMT
SAN DIEGO, CA, April 19, 2021 (GLOBE NEWSWIRE) via NewMediaWire Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today financial results for the quarter and year ending Dec. 31, 2020, and provided an overview of recent operational highlights.
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“While the entire world felt the impact of 2020, I could not be more proud of how our team remained flexible and executed on our mission of bringing the highest-quality, cannabinoid-based products to global markets,” said Medical Marijuana, Inc. CEO Dr. Stuart Titus. “We were able to finish 2020 on a st
Medical Marijuana, Inc Reports $46 9M in Revenue and Increased Margins in 2020 Year-End Financial and Operational Results Filing
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Cannabis company Medical Marijuana, Inc. (OTC:MJNA) posted Monday fourth-quarter and full-year 2020 earnings with yearly net revenue of $46.9 million, compared to $75.6 million in the previous year.
Gross Margins jumped from 76% in 2019 to 80% in 2020.
Its GAAP sales and marketing expense decreased as a percentage of sales from 55% in 2019 to 48% in 2020.
At the end of the year, the company held cash of $5.7 million.
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The San Diego, California-based company recently finalized a clinical study using Real Scientific Hemp Oil-X CBD Oil and released results in the EX Neurology journal;
Its subsidiary Kannaway took part in the 2020 Validcare clinical study on CBD liver toxicity;