Over the last few months, Kannaway has been silent at every level. I checked out KWay News and could find nothing. The only thing we have heard is from the rumor mill, as former insiders, tried to rape and pillage the company as they launched their own network marketing travel companies or joined others. I and others wondered why no one from the Kannaway camp was saying anything.
As I dug into the situation, I was met with a smile from Troy Nihart, president of HempMeds, and Co-Founder of Kannaway LLC, and other insiders at Medical Marijuana Inc.(MJNA), as they basically said “it’s all part of a bigger vision, a true Uprising if you will.”
It caused me to wonder, “what bigger vision, what uprising… Just more hype from a network marketing company?”
After meeting with Nihart, and other corporate executives from Kannaway, Medical Marijuana, and General Hemp, the picture became very clear!
$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.