Medical Marijuana Inc (OTCMKTS:MJNA) announced that its portfolio firm, HempMeds received approval from the ‘Denver Public Health Department’ that RSHO Blue and Gold hemp oil brands were found to be fit as potentially harmless foods not requiring temperature or time control. To follow protocol, the subsidiary firm will offer a copy of the letter with hemp oil shipments to retailers in Denver.
The expert comments
Marcos Agramont, the Operations Manager of Medical Marijuana’s HempMeds subsidiary, said that the company appreciates the efforts of Denver in recognizing RSHO as a food product. As a result of the initiatives with stability of the product and packaging RSHO, Denver verified that no refrigeration is required for on-shelf exhibit of unopened tubes. It enables HempMeds’ approved retailers the flexibility to highly promote RSHO on their shelves against in a limited refrigerated display market. With this approval, the company is looking forward to offer RSHO to more cannabis and hemp retailers in the Denver.
At Medical Marijuana, safety and product quality are most important to guard the reputation of company, brands, customers, and portfolio investments. While not required, the Company gets tested its hemp oil by two of the leading cannabis and food testing labs in the nation. Laboratory qualifications include A2LA: ISO/IEC 17025, FSIS and VASP approved laboratories, USDA accredited laboratory and ASTA check sample program. It should be ISO accredited for compulsory nutritional analyses.
Andrew Hard who is a spokesperson for HempMeds said that every batch of hemp oil supplied by Medical Marijuana and portfolio firms are tested separately at industry-renowned laboratories. The batch number is matched and lab results are assessed and approved. Only then production of final products starts.
In last trading session, the stock price of Medical Marijuana Inc (OTCMKTS:MJNA) declined more than 1% to close the trading session at $0.0770. The decline came at a share volume of 3.89 million compared to average share volume of 6.74 million.