Medical Marijuana, Inc. (OTC: MJNA) Penny Stock Making Moves

This Marihuana Penny Stock has seen an incredible run. So What is coming?

MedicalMarijuana, Inc. (OTC: MJNA) has been making another highly explosive move up here on massive volume off its base of a dime. This is a stock that OTCMAGIC has been reporting on for years since it was trading near a penny at the end of 2011 and through the massive run up this time last year when the stock hit an all-time high of $0.50.

Cannabis / Weed / Marijuana Penny Stocks

Medical Marijuana Inc. is the first publicly held company vested in the medical marijuana and industrial hemp industries. The company is comprised of a diversified portfolio of hemp and cannabis based businesses. These businesses range from hydroponic stores, to pharmaceutical compounds derived legally from the hemp plant.

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MJNA has gone through many changes over the course of the past few years, some expected and some unexpected due to the nature of rapidly changing legal and political environments that surround marijuana and hemp in the United States. This ability to change has been one of the corner stones of MJNA's success in laying a much stronger foundation from which the industry can prosper.

After the reverse split and name change from Club Vivanet, Inc. in 2009, MJNA has over the years grown significantly in the Cannabis sector; the Company now operates a number of different divisions and has several subsidiaries.

Back in April 2012, MJNA and Dixie Elixirs formed a limited liability company called Red Dice Holdings (RDH), with MJNA owning 60% of the new venture and Dixie owning 40% Subsequently, Dixie Elixirs created a new brand, Dixie Botanicals, which would manufacture and sell federally legal products containing only Cannabidiol (CBD) extracted from industrial hemp grown outside the United States. Meanwhile, the Dixie Elixirs brand would sell products that contained THC and marijuana.

On November 5, 2013 Dixie Elixirs filed a lawsuit against MJNA in in the Superior Court of California. According to MJNA they have contributed $806,457 in capital to RDH. MJNA has not received a single dollar in return in its investment and Dixie refuses to comply with its obligations under the RDH Operating Agreement, including its refusal to add Ms. Sides or any other MJNA representative as an authorized signatory to RDH's bank accounts."

The dispute between MJNA and Dixie allegedly started after "Vincent M. ("Tripp") Keber, III, Dixie's managing member and the Chief Executive Officer of RDH, was arrested for a controlled substance violation in Baldwin County, Georgia, where he had traveled to attend a music concert."

MJNA is a penny stock that has been around since the late 90's under many different names and was initially registered to trade on a Canada Exchange. The Company used to be run by Michael LLamas who went to jail on a number of different charges where I think he still is today. At one point the Company paid $100,000 to bail him out of jail.

MJNA Conclusion: MJNA is an old shell that has been around for many, many years. Over the past few years however the Company has grown significantly now managing and owning several business’s in the red hot Cannabis sector. The Company however remains on the pinks and their filings are not audited. They claim to have a cash position of over $2 million however the revenues are fairly minimal the Company carries little on its books. There is nothing here to suggest that MJNA should trade anywhere near its current $180 million market valuation but the stock is not only holdings itself here, its rising fast on spectacular volume as investors the world over embrace junior Marijuana Penny Stocks.

Regardless of MJNA shortcomings, and there are many, the stock is in the right place at the right time and the type of trading volume now coming into this one suggests that MJNA could easily keep going to a whole new level.

To find out the inside scoop on MJNA subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!

Medical Marijuana, Inc.
Michelle Sides COO
medicalmarijuanainc.com

STOCK INFORMATION
SYMBOL: OTC: MJNA
Shares Outstanding: 947 mm
Market Cap: $180 mm

Original Article on MJNA when the stock was $0.04: Medical Marijuana, Inc. (OTC: MJNA) is focused on becoming the premier cannabis and hemp industry innovators, leveraging their team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit. Management strives to create awareness within their industry, develop environmentally friendly, economically sustainable businesses, while increasing shareholder value.

The stock had a huge run earlier this year on massive volume from a start point of around a penny and reaching a high of $0.11 The stock moved in tandem with another Marihuana stock; Cannabis Science Inc. (OTC: CBIS)

Currently trading at around $0.04 ($24M market cap) the stock has shown support in this range in the past; MJNA has an enviable cash position with over $4M in treasury. Also the Company did close to $2M in revenues last year with very little overhead. Total Expenses were $200,000. These are numbers one does not see so often in Penny Stock World. 

While it is difficult to predict short term price movements, especially for penny stocks I would say the chances of this one going up are fairly good; the volume is there for sure.

OTCMAGIC loves to report on the Weed sector, check out my articles on MDBX, SKTO, GRNH,     MWIPPHOTHEMPMJNARFMKTRTC, NTRR, ERBB, NVLX and CBIS

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