Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

No, it just means shares are worth $1.35

The deal with CannaVest would have been far less problematic had they simply allowed CannaVest to start trading before the deal was signed, used the closing price on that day to fix the value of the deal, and given all of the shares to MJNA on the closing date.

As it is, they're saying that the deal was worth $8.1M, which makes the price of the (roughly) 6M shares on the day of the deal worth about $1.35, which is about what CannaVest is now using when it sells more restricted shares.