Breaking Kannaway News: Medical Marijuana Inc Signs Definitive Agreement To Acquire Kannaway

Kannaway

Kannaway

$119.6-242.7 Million Valuation by Houlihan Capital, a Firm That Performed Similar Valuations for U.S. Airways, Inc. and Redbox

SAN DIEGO, Jan. 22, 2015 (GLOBE NEWSWIRE) — Medical Marijuana, Inc. (OTC Pink:MJNA), a leading industrial hemp industry innovator, is proud to announce that it has signed a definitive agreement to acquire 100% membership interest of Kannaway, LLC. The amount of the sale is undisclosed. The valuation of Kannaway is in the range of $119.6-242.7 million USD. The agreement is expected to take at least 90 days to close and will effectively make the cannabis-based network marketing company a wholly owned subsidiary of the first-ever publicly traded cannabis company.

Read more: http://www.nasdaq.com/press-release/photo-release–medical-marijuana-inc-signs-definitive-agreement-to-acquire-kannaway-llc-20150122-00518#ixzz3PefxDp00

The Rest Of The Story…Breaking Kannaway News: Medical Marijuana Inc Signs Definitive Agreement To Acquire Kannaway

Breaking North American Power News: NAP Suspends MLM Marketing Arm

Although the below statement doesn’t say it, word from top NAP reps is that North American Power will continue to pay former reps for the customers they brought to the company prior to this suspension. Not sure where this will leave Kevin Marino and others, but we will be watching. 

nap

Important Announcement Regarding the Thrive and North American Power Opportunity

After a lot of thoughtful analysis, discussions, and soul-searching, it is with a heavy heart that we are announcing the end of the Thrive and North American Power opportunity. This was an extremely difficult decision that was not taken lightly. Below are some important facts you need to know about this development:

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