Medical Marijuana Inc. (OTCMKTS:MJNA) the first-ever publicly traded cannabis company in the United States, has made an announcement on April 28, 2022 that its CEO Blake Schroeder has received a Silver Stevie Award in the Achievement in Management – Consumer Products category in The 20th Annual American Business Awards. The company launched the world’s first cannabis-derived nutraceutical products, brands, and supply chain.
Market Reaction
On Thursday, MJNA stock fell 2.22% to $0.0176 with 4.72 million shares, compared to its average volume of 10.90 million shares. The stock moved within a range of $0.0171 – 0.0192 after opening trade at $0.0192.
Medical Marijuana, Inc. Honored as Silver Stevie Award Winner in the 2022 American Business Awards®
Blake Schroeder was bestowed with this award for his dedication to his colleagues, customers, and shareholders. Ever since joining the company, he has contributed greatly to its remarkable revenue growth and overall internal expansion. Kannaway’s most recent international expansion has been to South Africa where the company is undergoing and enjoying significant growth.
The American Business Awards are the U.S.A.’s premier business awards program. Public and private, for-profit and nonprofit, large and small – all companies operating in the country can submit nominations. This year, more than 3,700 nominations from organizations of all sizes and in virtually every industry, were submitted.
The judges commended Schroeder for his work to diversify the company’s operations into new continents such as Asia and Africa. He is the brains behind the processes and procedures to establish offices and warehouses in these areas and has used his legal expertise from his years as a lawyer before joining Medical Marijuana, Inc. He has created trustworthy relationships with regulatory and legislative bodies in these new market areas.
Key Quote
“It is an honor to receive this award, and I would like to share this recognition with my hardworking team that made our successes over the past few years possible,” said Medical Marijuana, Inc. CEO Blake Schroeder. “I am very optimistic about the future of our company as we continue our mission to take hemp to every home and create the world’s first global cannabis company.”
Traders Review
MJNA stock is trading below the 20-Day and 50-Day Moving averages of $0.0190 and $0.0185 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0229.
