Cannabis Sector Briefing: Company Launches Natural Resource Development Program for Marijuana & Hemp Products
CORAL SPRINGS, Florida, February 20, 2014 /PRNewswire/ --
Healthcare Market updates and Medical Marijuana sector news & developments: PetroTech Oil and Gas Inc. (OTC: PTOG), GW Pharmaceuticals plc, (NASDAQ: GWPH), Medical Marijuana, Inc. (OTC: MJNA), Dehaier Medical Systems Ltd. (NASDAQ: DHRM) and Hemp, Inc. (OTC: HEMP)
PetroTech Oil and Gas Inc. (OTC: PTOG) announced today it will leverage its expertise in natural resource development in enhanced oil recovery and launch LP.US Management Group, Inc. The partnership allows The Company to secure a leadership position in the rapidly developing marketplace around legalized Cannabis and Hemp production. LP U.S. Management Group, Inc. which owns (http://www.legalizepot.us) is structured around three main divisions, including Entertainment Arts, Information and News, and Cannabis and Hemp Production. These divisions will work cohesively to produce and market medicinal and recreational marijuana, as well as the many fiber, oil and seed related Hemp products produced for home and commercial use. The Company is acquiring warehouse facilities in Telluride, CO, and currently has three growers in Colorado and two in Washington, with immediate plans for expansion already formalized.
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The management group, led by Founder, Steven Machat, includes professional producer and comedian Jae Benjamin serving as President, Founding Member, and music industry icon Flash as Founding Member and informational activist largely responsible for getting the legalization of marijuana on the upcoming Florida voting ballot in January. "Our management team has a diverse capability set with a proven understanding and application of creative marketing, disseminating information through traditional and digital media and music, making business growth decisions in this rapidly emerging marketplace in the best interest of shareholders, and a complete understanding of the methods, logistics, and distribution processes necessary to bring the best Cannabis and Hemp products to the people."
GW Pharmaceuticals plc, (NASDAQ: GWPH) a biopharmaceutical company, together with its subsidiaries, is engaged in discovering, developing, and commercializing cannabinoid prescription medicines. GWPH closed down yesterday at $57.44 per share but was up in afterhours trading reaching as high as $60.55 per share
Medical Marijuana, Inc. (OTC: MJNA) and HempMedsPX(TM) -- a corporate portfolio company of Medical Marijuana Inc. and the exclusive master distributor and contracted marketing company for CannaVest Corp. and Medical Marijuana, Inc. -- are pleased to announce that the American Academy of Anti-Aging Medicine (A4M) has approved and is actively promoting HempMedsPX(TM) as a new Platinum Elite Sponsor on both the A4M and Worldhealth.net websites. The A4M is a 501(c)3 non-profit organization with more than 26,000 members including physicians, scientists, and governmental officials in over 120 nations. The A4M seeks to disseminate information concerning innovative science and research as well as treatment modalities designed to prolong the human lifespan. The online information portal for the A4M members, Worldhealth.net, is a leading non-profit source of trusted, non-commercial health information for doctors and the general public.
Dehaier Medical Systems Ltd. (NASDAQ: DHRM) ("Dehaier" or the "Company"), an emerging leader in the development, assembly, marketing and sale of medical devices and homecare medical products in China, announced that it received the exclusive distribution right renewal from Timesco in related to CLX laryngoscope products. Pursuant to the renewal agreement, Dehaier will continue to have the exclusive right to direct sale, distribute and bid of optima range products, including CLX and Eclipse blades and handles in mainland China through 2014.
Webxu, Inc. (OTC: WBXU) announced this week that it will expand its branded web and mobile development services into the industrial hemp industry. By working with Hemp, Inc. (OTC: HEMP) and its subsidiaries, Webxu will be able to expand its reach and provide ongoing services in the areas of online web development and advertising initiatives for businesses in the industry.
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