GlobeNewswire Inc | Oct 6, 2020 09:01AM EDT

October 06, 2020

SAN DIEGO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Medical Marijuana, Inc.(OTC: MJNA) (the Company), the first-ever publicly traded cannabis company in the United States that launched the worlds first-ever cannabis-derived nutraceutical products, brands and supply chain, announced today that its investment companyAXIM Biotechnologies, Inc.(OTCQB: AXIM) (AXIM Biotech or AXIM) has filed a provisional patent for the first-ever face mask that captures and deactivates SARS-CoV-2, the coronavirus responsible for the ongoing COVID-19 pandemic.

Due to the COVID-19 pandemic, the demand for face masks has grown exponentially and is expected to reach$21.2 billionby 2026 as the scientific data continues to support their ability to lessen risk of infection. AXIMs face mask has a place in almost every setting and could be revolutionary in helping the world achieve its goal of slowing the spread of COVID-19 both in healthcare and everyday circumstances, said Medical Marijuana, Inc. CEO Dr. Stuart Titus. We are proud to support an investment company innovating such creative and necessary solutions as we all fight this pandemic together.

Most commercially available masks are unable to efficiently filter the tiny aerosols that contain the virus. Viruses that are attached to the filtering materials can penetrate through a moist mask and, thus, increase the risk of infection. Noting this major issue, AXIM designed its novel face mask to provide enhanced protection from infection by capturing viruses in the face mask filter layer before they reach or after they exit the user's respiratory system.

To accomplish the goal of capturing SARS-CoV-2 on the face mask, AXIM utilizes a proprietary set of reagents that are permanently embedded into the mask filter and capture the virus instantaneously on contact. AXIMs initial laboratory testing has demonstrated that the SARS-CoV-2 spike protein tightly binds to the capture reagents finely interspersed throughout its face mask fibers, therefore significantly increasing the masks ability to effectively capture the virus when compared to commercially available masks.

SARS-CoV-2 viruses are significantly smaller than the fibers within commercially available masks and so, inevitably, at least some end up passing through the mask. By coating the filtration layers of our face masks with our proprietary reagents, which SARS-CoV-2 binds to, we can capture the virus in the masks to provide enhanced protection and lower the rate of COVID-19 infection, said AXIM Biotech CEO John W. Huemoeller II.

Currently, AXIM is examining the regulatory pathways necessary to obtain approval to distribute the face mask in the U.S., either through the Food and Drug Administration (FDA) or the Environmental Protection Agency (EPA), and in the European Union. AXIM plans to license face mask manufacturers to handle large-scale production and distribution of the face mask while manufacturing the preparatory reagent ingredients in its own laboratory.

To learn more about AXIMs COVID-19-related research, please visit https://aximbiotech.com/.

About AXIM Biotechnologies Founded in 2014, AXIM Biotechnologies, Inc. (AXIM) is a vertically integrated research and development company focused on changing diagnosis and treatment for oncology and SARS-CoV-2 (COVID-19).AXIMs COVID-19 rapid neutralizing antibody testis the first rapid diagnostic test measuring levels of functional neutralizing antibodies that are believed to prevent SARS-CoV-2 from entering the host cells. Additionally, the Company is developing rapid diagnostic tests for the early detection of cancer and proprietary small molecules drugs to treat cancer and block metastasis. For more information, please visitwww.AXIMBiotech.com.

About Medical Marijuana, Inc.We are a company of firsts. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led byKannawayandHempMeds; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners includingAXIM Biotechnologies, Inc.andKannalife, Inc. Medical Marijuana, Inc. was named a top CBD producer byCNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments ofBrazil,Mexico,Argentina, andParaguayand is a leader in the development of international markets. The company's flagship productReal Scientific Hemp Oilhas been used in several successful clinical studies throughoutMexicoandBrazilto understand its safety and efficacy.

Medical Marijuana, Inc.'s headquarters is inSan Diego, California, and additional information is available atOTCMarkets.comor by visitingwww.medicalmarijuanainc.com. To see Medical Marijuana, Inc.'s corporate video,click here.

Shareholders and consumers are also encouraged tobuy CBD oil and other products at Medical Marijuana, Inc.'s shop.

FORWARD-LOOKING DISCLAIMER This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.

FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.

LEGAL DISCLOSURE Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.

CONTACT: Public Relations Contact: Andrew Hard Chief Executive Officer CMW Media P. 858-264-6600 andrew.hard@cmwmedia.comwww.cmwmedia.com

Investor Relations Contact: P. (858) 283-4016 Investors@medicalmarijuanainc.com