Medical Marijuana Inc Shareholder Update And Letter
These individuals perform the same actions each quarter and shamefully boasted about their success. Our litigation attorneys are gathering relevant information, will assess the possible claims against all responsible individuals. The Company will move forward based upon the advice and conclusions of our legal counsel.
All we can ask of our shareholders is that you perform your own due diligence to find out the complete facts versus reacting to postings by individuals who are obviously manipulating the stock value for dubious reasons.
Michael Llamas is no longer an executive or board member of MJNA. As previously disclosed, in dealing with certain personal issues, Mr. Llamas decided it was in the best interest of MJNA for him to step down. There are no plans as of now or in the future to have him return to an executive position with MJNA. The restructuring of management has taken longer than anticipated. However we are diligently searching for highly qualified individuals to fill vacancies. It has always been our goal from the onset to retain individuals that will take MJNA to the next level and keep it the industry leader which it is and has always been.MARIJUANA AND THC BASED PRODUCT INVOLVEMENT We have been asked by shareholders if MJNA is involved in any marijuana or THC product sales and manufacturing. The company does own through its 60% ownership in Red Dice Holdings, LLC the formulations, brand names and intellectual property of over 70 products containing THC or marijuana from the Dixie brand purchase. However the company does not operate, distribute or sell those products, but has agreed to its use by a state licensed manufacture within Colorado and is in the process of expanding in several other states. Red Dice Holdings and MJNA does not and has not received any revenue from those operations and does not intend to, until and if marijuana is federally legalized. The company does plan on charging a fee for its use when it is in the best interest of the company via its licensing fee. So that it is clear, MJNA does not grow, sell or distribute marijuana under any circumstances as defined by the USCSA. Red Dice Holdings does sell hemp based products through Dixie Botanicals where these products are legalized and controlled.
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