MJNA News Medical Marijuana Inc. Announces that
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MJNA News
Medical Marijuana Inc. Announces that Interim President and CEO, Michael Llamas, is Taking a Leave of Absence from the Company
2012-09-17 08:30 ET - News Release
SAN DIEGO , Sept. 17, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC: MJNA), a leading hemp industry innovator, announces today that its Interim President and CEO, Michael Llamas , is taking a leave of absence effective immediately. According to the company, Mr. Llamas will be stepping down from his position in order to focus his attention on personal business matters that are entirely unrelated to MJNA.
The Company has appointed Ted Caligiuri as the new Interim President and CEO. Mr. Caligiuri has served on the Board of MJNA since the Company was acquired by Cannabank and has been instrumental to the overall development of the company, especially in the area of Hemp-based CBD production.
"We support Michael as he addresses his personal matters and look forward to his involvement with MJNA upon the successful conclusion of those issues. In the meantime, the future for MJNA has never looked brighter and we fully expect to continue executing on our business plan," states Mr. Caligiuri. "With the successful launch of our CBD line of products, the increased production of our hemp-based CBD oil and the positive performance of our other portfolio companies we are confident that MJNA will continue to thrive during this management transition."
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