Medical Marijuana Inc. (OTCMKTS:MJNA)
Shares of Medical Marijuana Inc. (OTCMKTS:MJNA) gained 10.1% after the company unveiled Subscribe & Save programs for its lead products Real Scientific Hemp Oil, Dixie Botanicals and Cibaderm products. The programs are part of the company’s push to more consistent revenues through subscriptions.
Subscribe & Save Program
Customers will receive automatic shipments of their favorite Medical Marijuana Inc. (OTCMKTS:MJNA) products at a 20% discount. The company is offering the steep discount in a bid to accelerate online sales. Customers will also be able to cancel, pause, or adjust the delivery time of their order.
“We know that many of our customers rely on our CBD products every single day, and have for months or years,” said Medical Marijuana, Inc. CEO Dr. Titus. “With that in mind, we’re glad to bring them and all our customers a more convenient experience with this program, as well as a considerable discount.”
In addition to the Subscribe and Save Program, Medical Marijuana Inc. (OTCMKTS:MJNA) has also set its eyes on the international Cannabis market. The company is currently pursuing sales on the international scene as more governments continue to legalize the use of marijuana for medicinal purposes.
The global hemp industry is set to surpass the $1 billion mark in annual sales by next year thanks to friendly legislations being passed in most countries. Brazil is a market where Medical Marijuana Inc. is eyeing increased sales on the international scene. A Brazilian Federal Judge has ordered the government to start subsidizing payments for the company’s products.
“This amazing progress in the Brazilian courts reaffirms our mission to keep educating the world about the beneficial nature of hemp-based Cannabidiol (CBD) products such as RSHO™,” said Mr., Titus
Medical Marijuana Inc.(OTCMKTS:MJNA) is also pushing for sales in Puerto Rico and other parts of South America as it continues to expand its product reach. The company has also set up a wholesale division that will be responsible for selling high-quality hemp oil to third-party product manufacturers and marketers.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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