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Bloomberg: M and A Navigator: Deal pipeline – 23 January

Medical Marijuana Inc. was mentioned in an article by Bloomberg about their companies plans to acquire Kannaway and how this will affect their positioning on the market.

US-based hemp industry company Medical Marijuana, Inc. (OTC: MJNA) has signed a definitive agreement to acquire 100% membership interest of network sales and marketing company Kannaway, LLC. The amount of the sale is undisclosed. The valuation of Kannaway is in the range of USD 119.6-242.7m, Medical Marijuana said. Kannaway specialises in the sales and marketing of hemp-based botanical products.

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