Investor Ideas #Potcasts; #Cannabis News and #Stocks on the Move:
Interview with Todd Morrow, President of HempMeds, subsidiary of Medical Marijuana Inc.
(OTC: $MJNA)
Delta, Kelowna, BC –October 2, 2019 (Investorideas.com
Newswire) www.Investorideas.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s edition of Investorideas.com potcastsCM -
cannabis news and stocks to watch plus insight from thought leaders and
experts.
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at https://www.investorideas.com/news/2019/cannabis-potcasts/10021Interview-ToddMorrow-OTCMJNA.asp
In
today’s podcast I interview Todd Morrow,
President of HempMeds, a subsidiary of Medical
Marijuana Inc. (OTC:MJNA), where we discussed the recent
developments for HempMeds as well as the CBD space in general.
For
those unfamiliar with HempMeds story Todd elaborated, “HempMeds was the first
company to ever bring hemp based CBD oil products to market in the U.S. back in
2012. The company was also the first ever company to receive the historic
federal government import approval for CBD products from Argentina, Brazil,
Mexico and Paraguay as well as the first to have product listed in the
prescribers digital reference. We are the only hemp-CBD product, our RSHO (Real
Scientific Hemp Oil) Gold is the only product to be listed in the physicians
reference.”
As
Todd and HempMeds have been involved in the CBD space since its inception in
the U.S. market, Todd discussed the changes he and his company have noticed
take place over the last few years. “We’ve been sourcing industrial hemp from
the Netherlands from the very beginning which has given us the opportunity to
trade across state lines since the beginning. The landscape is very interesting
out there and very confusing for consumers. Many consumers have heard of CBD
but they don’t know what to look for in products. In the beginning there was
just a few CBD companies and a few CBD options
and now the market is flooded with thousands
of CBD companies brining CBD products to market. Unfortunately, we’ve got a lot
of folks out there that are making claims on their package that they can’t
substantiate or saying that there’s one thing in the bottle when there’s really
something else. This creates a wild west out there and is very confusing for
consumers. We really believe that a
large portion of our responsibility is education. We’ve put a lot of
time,energy and effort into educating consumers not only on our product but also
on the options available in the marketplace and what consumers should be
looking for when they’re looking to buy CBD product. What sets us apart from a
lot of the other players is our full spectrum oils. All of our products, under
the RSHO brand, are premium industrial hemp/CBD oil.”
Discussing
how the education component of the industry, an element most companies within
either the hemp/CBD or cannabis/THC industries consider paramount, may change
with FDA regulations coming into the market, Todd explained, “I do believe that
once the FDA gets involved, a lot of those concerns will fall to the wayside. I
think there’s going to be quite a tremendous shake out. There will be
standardization around what’s allowed and what’s not, what is required on the
label and all the certifications from soil all the way to a finished good, will
be required, or should be required. With the FDA involvement, this should take
a lot of the owness away from the consumer, but you still always want to make
sure your due diligence in your research.”
Medical
Marijuana, Inc. through their subsidiary HempMeds recently announced that the Company has reached a one-year
milestone for long-term stability testing on its flagship THC-free cannabidiol
(CBD) oil product Real Scientific Hemp Oil-X™ (RSHO-X™).
The stability study was conducted in strict compliance with FDA/ICH guidelines
(Q1A-R2).
“Our
consumers and retail partners deserve the transparency and security of
understanding how stable and dependable our products are throughout numerous
climatic conditions and transportation scenarios,” said Medical Marijuana, Inc.
CEO Dr. Stuart Titus. “This long-term study illustrates our deep commitment to
creating and distributing safe, high-quality products to consumers worldwide
and we aim to continue conducting similar studies in the future with our other
industry leading CBD products.”
The
stability study tested multiple samples of RSHO-X™ while being exposed to
various environmental conditions that may be experienced in various locations
throughout the world. The samples, which were tested for appearance, odor,
specific gravity, viscosity, package compatibility, and complete microbial
characteristics, showcased that the product is stable at the end of a one-year
time period and has identical CBD concentrations to what existed at the
beginning of the study.
The
study was outsourced to one of the most qualified cGLP/cGMP compliant Contract
Research Organizations (CROs) with attained ISO 17025 accreditation and
certification.
It was
performed using fully validated, proprietary analytical UPLC-PDA and LC-MS/MS
methods reflecting the specificity and selectivity toward RSHO-X™, including
data elements and parameters such as accuracy, precision, repeatability,
ruggedness, system suitability, linearity, specificity, dilution integrity, and
dynamic range.
The test
results showed no change (no more than 5%) in the CBD content and other
specifications were observed and the container closure system was faultless at
both long-term and accelerated test conditions.
The
positive 12-month, long-term stability test results suggest that RSHO-X™ is a
stable formulation. The stability testing will be continued for up to 24 months
and a corresponding shelf-life of 24 months is anticipated.
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