New York, NY -- (SBWIRE) -- 02/20/2013 -- Medical Marijuana, Inc. (OTC Pink: MJNA) announced the release of its annual shareholders report including the 2012 financial statements with audited fourth quarter financials. The Company earned net income of approximately $7.1 million on record gross revenues of $12.38 million for the year ended December 31, 2012. The company achieved significant growth in revenue and turned profitable during the year while also acquiring and developing some of the most recognizable and trusted brands in the industry.
Medical Marijuana Inc. operates in the medical marijuana and industrial hemp markets. Its products range from patented and proprietary based cannabinoid products, to whole plant or isolated high value extracts specifically manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries.
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Entest Biomedical, Inc. (OTC Pink: ENTB) has a market cap of 3.04M. As per it recent quarterly data, The Company has a total revenue of 113,000 USD and Cost of Revenue stands at 45,000 USD. The stock has a 52 week range of 0.01 - 2.25. In the last session the stock traded on a volume of 106,830,906 as compared to a 3 month average volume of 905,905. The stock moved down 6.85%.
Entest BioMedical, Inc. engages in the development and commercialization of immunotherapeutic therapies for the veterinary market. The company provides pet products to the general public through its websites. The company was founded in 2008 and is based in La Mesa, California.
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