Medical Marijuana Inc (OTCMKTS:MJNA) is one of the original Marijuana plays on the OTCBB and the stock has also been one of the most volatile making spectacular gains back in 2012 when the scene 1st started from sub pennies to a high of $0.50 per share.
MJNA performed again last year when pot stocks lit up with the November ballots; running from a dime to highs over $0.45 per share. MJNA run was cut short along with the rest of the industry on March 27 when CANN was halted and an entire industry went into free fall.
Currently bouncing off a dime support MJNA is under accumulation as investors guestimate the industry will heat up again in November with Marijuana on the ballot in Florida. If it does any chances are excellent it will MJNA will be one of the first socks to explode upwards.
Medical Marijuana Inc (OTCMKTS:MJNA) mission is to be the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, develop environmentally-friendly, economically sustainable businesses, while increasing shareholder value.
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The Company has a diversified set of products and services aimed directly at the cannabis and hemp industries. These products include patented cannabinoid-based products and extracts for pharmaceutical, nutraceutical and cosemeceutical industries.
MJNA owns or has partial ownership in the following businesss: Wellness Managed Services 100% Canipa Holdings 80% HempMeds PX 80% Red Dice Holdings 60% CanChew Biotechnologies 50% HempVap™ 50% KannaLife Sciences 16.5%
On October 16 the Company reported MJNA’s HempMeds Gains Global Media Exposure at New York Cannabis Business Conference & Expo. Natural CBD Hemp Oil Products for People and Pets Featured at International Cannabis Association’s Business Conference.
New York is the most recent state to pass medical marijuana laws and an estimated 900 people explored ways to get into the state’s emerging cannabis industry including HempMeds™ – a MJNA portfolio company and the world’s most trusted supplier of natural cannabidiol (CBD) hemp oil products. The Company proudly showcased current products and unveiled innovations in its CBD hemp oil product line at the International Cannabis Association’s East Coast Regulatory Summit and Educational Conference. New York’s first and largest cannabis business conference was held Oct. 12 and 13 at the Marquis Marriott Hotel in Times Square. There, HempMeds™ participated as an exhibitor and as the conference’s industry party sponsor distributing hemp CBD oil samples to attendees.
“Participating in the International Cannabis Association’s New York business conference and expo aided the public with understanding that cannabidiol or ‘CBD’ is available today,” states Andrew Hard, Director of Public Relations for HempMeds™. “To say that we are thrilled at the receptivity of the mainstream news media’s willingness to report on natural CBD hemp oil is an understatement. At the ICA’s business expo, we were inundated by many members of regional, national and global news media with interest in natural CBD oil products on the market and in development.”
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Conclusion: MJNA continues to be one of the top traded stocks on the entire OTCBB market. When pot stocks get hot MJNA explodes and that’s exactly what buyers at current levels are anticipating. With Marijuana on the ballot in Florida come November the industry is going to get a ton of publicity and could easily blow MJNA sky high again!
MJNA is one of the original Marijuana stocks and it’s also been one of the hottest and biggest runners. Currently trading at a $100 million market valuation the Company boasts strong revenues reporting $4.8 million in sales (unaudited) for the period April 1, 2014 to June 30, 2014.
MJNA is technically sound and still trades very close to its historical lows. While MJNA stock is still quite cheap they have developed the type of loyal following that catapulted CBIS to 2,000% + gains. All this Makes MJNA a stock to watch and might just provide a spectacular trade opportunity in the weeks and months ahead.
If pot stocks heat up again and there is much to suggest they will MJNA might be good for monster run number 3!
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Disclosure: we hold no position in MJNA either long or short and we have not been compensated for this article.