PALM BEACH, Florida, October 24, 2017 /PRNewswire/ --
Key factorsdriving the continued growth of the hemp/CBD/marijuana/cannabis market include innovative CBD product introductions, technological advancement in operations, premium pricing due to high energy consumption in marijuana production, rising social acceptance
Medical Marijuana Inc. (OTC: MJNA) recently announced that its subsidiary Kannaway® LLC is welcoming Robert "Bo" Brannin as its new Senior Director of Operations. In this position, Brannin will be responsible for managing every aspect of the company's supply chain operations from purchasing to inventory, production and shipping. He will bring his twenty years of experience in the operations and logistics field to assist the team in building a strong foundation as the company now prepares to establish international operations. "We are excited to bring Bo onto the executive team as Senior Director of Operations and we are more than confident that he has the experience and skills required to effectively serve all of Kannaway's loyal customers and Brand Ambassadors," said Kannaway CEO, Blake Schroeder.
Hemp Inc. (OTC: HEMP) Developments: One Step Vending, Corp. (KOSK), a holdings company specializing in market disruptive acquisitions with an emphasis on the self-serve vending market, after the recent agreement with Hemp Inc. (OTC: HEMP), for the placement of CBD products in Micro Markets network, announces the Company's decision to direct its focus on multi-billion dollar CBD products marketing and sales online as well. As hemp and marijuana-derived CBD products constitute an emerging industry with rapid growth and a multi-billion dollar market, the Company decided to dedicate part of its resources to the creation of an e-shop for the marketing and sale of selected CBD products online. The Company is already in discussions with manufacturers of CBD consumer products and is also exploring the potential to develop its own line under its own brand as revealed in previous press releases. Along with the San Diego Micro Markets on-the-spot network, the e-shop will be the vehicle for the online sale of CBD products.
Amfil Technologies Inc. (OTC: AMFE) announced this week a summary of its Fiscal Q1 2018 Financials and provide an update on Fiscal Q2 2018 progress thus far. Amfil Technologies Inc. posted revenues of $5,900,374 for our Fiscal Q1 2018 up 20,619% from Fiscal Q1 2017 which posted $28,477 in total revenue. The company saw a gross profit of $1,041,121 and a net income of $114,106. The company as at FY Q1 2018 being September 30th 2017 had $297,748 in cash, $4,286,000 in inventory and $6,734,935 in total assets. As of today, the Public Float held with DTC is 285,504,206. Common Shares Outstanding is 488,797,586 and the Authorized Share Count has been reduced down to 600,000,000 from 900,000,000. The company has been heavily reinvesting profits to fuel its expansion since Fiscal 2017. The significant profit increases posted in our recent Q1 2018 financials are a direct result of reinvesting profits to aggressively expand the Snakes & Lattes distribution business last year.
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