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Medical Marijuana Inc (OTCMKTS:MJNA) has announced that it has decided to invest in Axim Biotechnologies. The company stated that this was done to bring more diversity to the company’s growing investment portfolio. Additionally, the company has launched new peppermint dew drops, through its subsidiary Dixie Botanicals. The subsidiary is well known in the marijuana industry for producing quality CBD hemp oil products. Additionally, the company also comprises of top formulation experts, who work to manufacture a variety of products from CBD hemp oils.

MJNA CEO, Stuart Titus, stated that his company has acquired an ownership interest in the biotech company. He also pointed out that Axim has recently been working on hemp-based innovations, which caught his company’s interests. George E. Anastassov, CEO of Axim, stated that his company focuses on biotech innovations, while keeping in mind environmental protection and conservation. Additionally, the company tends to target areas where there are no feasible solutions.

MJNA itself is a company focused on marijuana based innovations, but concentrates more on edible products. This innovation is reflected on the company’s launch of the new dew drops. Dixie Botanicals aims to bridge the gap between mainstream and cannabis consumer markets. The subsidiary has been showcasing its products in trade shows, natural product expos and private entrepreneurs as well. MJNA makes use of its proprietary cultivars for the production and supply of the hemp plant to its subsidiaries. Dixie Botanicals makes use of only the mature plants from the produce.

Additionally, MJNA has recently been bestowed another honor, with regard to its cannabis based products. ProVerde Labs tested a number of MJNA products for quality assurance and found them to be top notch and clean for human consumption. It is important to note here that ProVerde is considered one of the leading quality testing labs in the world.

Medical Marijuana Inc (OTCMKTS:MJNA) finished the July 1 trading session with a decline of 8.57% in share value, to close at $0.064 after trading 1.84 million shares in the market.

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Steve Kanaval
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.