Todor Pichurov

Medical Marijuana Inc (OTCMKTS:MJNA) Takes a Breather

by Todor Pichurov March 7, 2016

After some significant intra-day volatility over the course of the last few sessions, on Friday Medical Marijuana Inc (OTCMKTS:MJNA, MJNA message board) managed to rein things in a little, even if it closed red. By the bell MJNA was nearly 4% down, at $0.036 per share.

The company is still doing its best to keep everyone glued to their screens, putting up a neverending stream of press releases. Since we last covered MJNA, not three weeks ago, the company published six separate announcements. This sort of dedication has to count for something, right?

It's not like the market is responding particularly favorably to any of that. By now traders have got used to MJNA using press releases much like a celebrity uses Twitter and announcing every little thing, but in the world of pink sheet stocks, where official filings are few and far between, this is probably still better than complete radio silence.

With MJNA spending the last couple of months bouncing up and down within the three-to-four cent range, it's safe to say many are waiting for the due annual report before they make a bigger move. The biggest highlight that may have caught the eye of investors is in one of the recent PR headlines, announcing MJNA's Kannalife “may explore a possible IPO” in what is termed “the near future”. Obviously, this sort of information is not much of a lead, especially coming from MJNA, who has been claiming plans to go fully reporting and uplist to the QB tier for years now.

The annual report is due in just over three weeks. If the figures derived from MJNA's supposedly most valuable asset – Kannaway LLC, are still as underwhelming as they were in the last quarterly, where Kannaway had a negative bottom line of $532 thousand, the company might need to do an even better job of getting everyone awfully excited about its export of CBD products to Mexico and Brazil to cling onto its chart position.

Comments 3

1. Guest
May 03, 2016, 12:16AM

Quotes Just saw this on twitter!

@LaughinPaulRyan LPR aka Norman Gates aka nmarnier:
https://www (dot) okcupid (dot) com/profile/nmarnier/pictures?cf=profile …) What a PUTZ!

2. Guest
May 02, 2016, 11:05PM

Quotes MJNA is a bagholder stock. Better to go to a casino and put all your money on one number on roulette wheel.

3. Guest
May 02, 2016, 11:00PM

Quotes Alex Klym = MonestHind = KindFinance = @orion_arm.

Doc K = Jerold Kaminsky.

LaughinPaulRyan = Norman Gates

*********Lot's of details in these investigative reports:

********Must read!

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