Medical Marijuana Inc (PINK:MJNA) Looking Ahead After a Great 2012

Las Vegas, NV -- (SBWIRE) -- 02/11/2013 -- Medical Marijuana Inc (PINK:MJNA) has recently announced its financial results for the fourth quarter according to which the company earned net profit of $3.2 million with total revenue of $5.2 million for three months ended December 31st, 2012. The company’s revenue has increased more than 1100 percent as compared to revenue of $0.43 million for the same period in 2011.

Medical Marijuana Inc’s revenue for the year 2012 stands at $12.38 million while its net profit totals to $7.1 million.

Moreover, the company also announced the achievement of significant milestones in the year 2012 which included, selling of its high concentrated Hemp CBD oil for almost $35 million. The company has received its first installment of $4.5 million and will continue to receive installments in 2013.

The company also made its first payment in regards to acquisition of a biotechnology company based in New York. Medical Marijuana also delivered 47 million shares to its 50 percent owned subsidiary CanChew Biotechnologies for the clinical development and trials and for European FDA approval.

To find out what OTCMAGIC projects for Medical Marijuana Inc for both short term and long term please click here: MJNA

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