Todor Pichurov

Medical Marijuana, Inc. (OTCMKTS:MJNA) Approaches 52-Week Lows

by Todor Pichurov April 6, 2015

March has been a rough month for Medical Marijuana, Inc. (OTCMKTS:MJNA, MJNA message board). The stock registered new 52-week lows in mid-March and is now slowly creeping back down to those same levels. On Thursday MJNA closed 2.5% down, stopping just a breath shy of its lowest close for the month.

The last time MJNA popped was on March 18. The move was fueled by the announcement of a new CEO and member of the board. Sadly, the surge lasted a single day and was also combined with a bounce from the fresh 52-week lows registered in the previous session. Since then the stock has completely wiped the 15% it put on in that single day.

Part of the reason for this unimpressive performance could be traders slowly figuring out what is happening on MJNA’s top floor. The company’s new CEO, Mr. Stuart Titus, has ties to the OTC pot sector that go back in time and stretch to CannaVest Corp. (OTCMKTS:CANV) – a bubble that popped with quite a bang in 2014. Mr. Titus managed to sell all his CANV shares before the disastrous slide and pocketed a delicious $7 million in cold, hard cash while doing it.

Mr. Titus is also at the helm of General Hemp. General Hemp happens to be the parent company of Kannaway LLC – MJNA’s latest big acquisition, which is still the focus of most new MJNA PR.

With MJNA seemingly stuck under $0.10 per share for a bit, it remains to be seen whether the stock manages a bounce from its lows at $0.094 or finds a new bottom.

Comments 5

1. Guest
May 09, 2015, 07:02PM

Quotes Any Man (like Floyd Mayweather) who Physically, Sexually, Psychologically or Verbally Abuse Women IS a COWARD!!!
No Amount of MONEY Can't Change That FACT!

2. Guest
April 30, 2015, 01:41PM

Quotes Lynda Maude Logan would not approve....Norman

3. Guest
April 30, 2015, 01:36PM

Quotes Illegal TRTC MJ Laboratory & IVXX Products !

See Here : de.advfn.com/forum/advfn/16158959/1
.

4. Guest
April 07, 2015, 11:00AM

Quotes What you have in MJNA is a goat. Based on the insightful article above. Mr. Titus is going to cut himself a sweet deal as he chops MJNA out...

5. Guest
April 06, 2015, 11:01AM

Quotes Please fix the misleading typo. MJNA is not under $10 dollars a share. MJNA is under 10 cents a share! If it was under ten dollars, i have over a million bucks right now dude!

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