There is no doubt that Medical Marijuana Inc. (OTC: MJNA) is the most heavily traded Medical Marijuana stock on the OTC even though the company continues to struggle with DTC issues. MJNA can’t be bought and sold with a lot of online brokers, which certainly restricts the audience.
The DTC problems usually occur generally when a large block of stock is created from a debt conversion, though this may not be the case with MJNA.
We saw this one peak back in February and March when they engaged in a wide-spread promotion that saw Medical Marijuana, Inc. being featured in several dime a dozen newsletters.
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MJNA has one thing going for them. They are in one of the hottest sectors in town that is still in its infancy. This company was the first player in the game, the original.
Now we see everyone following suit. We see news announcements daily from companies that barely have a pulse announcing that they plan to enter the lucrative “Medical Marijuana” market. Unfortunately these are mostly just “plans” to grab some headlines that mostly will never come to fruition.
MJNA has an impressive portfolio that includes:
- CanChew Gum
- Canchew Biotechnologies
- Canipa Holdings
- KannaLife Sciences
- HempMeds RX
- Red Dice Holdings
- Wellness Managed Services
With a 52 week range of .024 – .50, MJNA certainly has been volatile and could be worth looking at for those who are interested in a “Real” Medical Marijuana company.
First Quarter results exceeded expectations and we are extremely interested to see what MJNA will bring to the table moving forward. It is certainly a company worth watching.