"We are very pleased with our year end results; we have had new management in place for just over eight months and have seen very strong growth. However, we did have some setbacks at the beginning of the third quarter and we were able to resolve those at the end of the fourth quarter. We anticipate having significant growth throughout 2012 with the development of Wellness Managed Services as well as the commercialization of our much anticipated Hemp Compounds business, which has focused on the research, development and sales of hemp extracts for the pharmaceutical and nutraseutical industries. It is also important to point out that for the first time since the company's inception it has stabilized its operating costs and with its additional growth from Wellness Managed Services and the launch of Hemp Compounds that should all add to our bottom line." Quote stated by Michael Llamas, President of Medical Marijuana Inc.
ABOUT MEDICAL MARIJUANA INC
Medical Marijuana Inc. ("MJNA") is the first publicly held company vested in the medical marijuana and industrial hemp industries. 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. www.medicalmarijuanainc.com
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana Inc to be materially different from the statements made herein.