Todor Pichurov

Medical Marijuana Inc (OTCMKTS:MJNA) Goes on New PR Spree

by Todor Pichurov February 16, 2016

Medical Marijuana Inc (OTCMKTS:MJNA, MJNA message board) is still doing its best to get everyone excited about its stock. Sadly, this is primarily done through an endless downpour of press releases. The market is reacting accordingly, with MJNA wobbling near its three-month low. On Friday the stock ended up 1.2% up at $0.032 per share.

MJNA ended last week with a four-day press release streak, with new announcements hitting the wire every single day. The market reacted with no meaningful change in share volumes and the gentlest of price movements in both directions. MJNA is awfully fond of the word “historic”, it seems, as these days anything that the company does is either of historic importance or composes a “new chapter in world history”.

What is really happening is that the Mexican government has allowed Mexican patients to apply for permits and obtain CBD hemp oil products imported by MJNA, if provided with a doctor’s recommendation. MJNA is doing its best to spread the word, delivering said “historic” keynote speech at a global healthcare conference in Mexico late last week. This PR was followed by more fluff and white noise, with MJNA “proud to announce” its hemp products that have existed for quite a while.

In its last PR MJNA, obviously bent on showing the true historical impact of its breakthrough in Mexico, gave investors a convenient summary of all articles published on the matter by various media.

Hopes are high for the revenue potential this new market represents but it may be a little early to make such projections. The fact of the matter is that the two families who spearheaded the legislative push to allow legal CBD medication in Mexico both have children with rare diseases. How many other patients will look for MJNA’s rather expensive CBD oil applicators and how many doctors will be willing to prescribe this sort of medication for other issues remains to be seen.

Comments 3

1. Guest
May 02, 2016, 11:01PM

Quotes Alex Klym = MonestHind = KindFinance = @orion_arm.

Doc K = Jerold Kaminsky.

LaughinPaulRyan = Norman Gates

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2. Guest
February 17, 2016, 11:03PM

Quotes Todor Pichurov is talking MF

3. Guest
February 17, 2016, 04:54AM

Quotes Hey Todor, do you think this medicine is so much more expensive than other prescription medications for the same treatments?

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