New York, NY -- (SBWIRE) -- 02/21/2013 -- Medical Marijuana, Inc. (OTC Pink: MJNA) announced the release of its annual shareholders report including the 2012 financial statements with audited fourth quarter financials (Post 2/19/2013- OTC Markets).
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. These include 50% interest in CanChew Biotechnologies. Also acquired the rights and intellectual property to Dixie Elixirs.
Medical Marijuana Inc. operates in the medical marijuana and industrial hemp markets.
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Green Innovations Ltd. (OTCQB: GNIN) announced that its wholly-owned subsidiary, Green Hygienics, Inc., has executed an licensing agreement with Clearly Herbal International for exclusive North American retail distribution of CHI's product line, Clearly Herbal.
"We are extremely pleased to have secured an exclusive North American distribution agreement that will allow us to offer Clearly Herbal's high-quality brand of herbal and bamboo wipes to our growing list of customers," commented Bruce Harmon, CEO of Green Innovations.
Clearly Herbal produces a wide-range of 100% natural baby care products and is a very well-known brand in Western Europe.
Green Innovations Ltd., through its wholly-owned subsidiary Green Hygienics, Inc., is the exclusive licensed North American distributor of American Hygienics Corporation's 100% tree-free bamboo-based product line, including personal care and paper-based goods.
Find out more on GNIN here:
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