4,663,178 total shares of CANV, is what MJNA holds...
CANV has a low number of outstanding shares, hence is rapid rise and fall!
Any marijuana stock hedge fund or marijuana index holder, has a smattering of all the potential pot play's. Most, if not all pot stocks, saw big gains, and CANV was no exception. Anyone who went to big, at a higher price in the sector, may have a seen a decline in their value. CANV's class action suit most likely reflects a combination of, rapid increase and decrease in pps, and investor complaints. It should be noted, that because CANV's outstanding share count is low and along w/ total daily vol, the price of CANV could have been bided up very easily,.. Go a head and look at the history! As far as I know, there wasn't a bunch of insider selling in CANV (Phot did, hence their halt). The investigation will probably find that CANVs pps was extremely volatile due to market hype, and not any thing fishy!! If that's the case, things should be fine. Besides it looks like CANV is going back up anyway!
MJNA still has it's worth in CANV of 100millish, which is the appreciated value of the initial 35m 2013 deal.
As for any worries about revenue projections for 2014, remember that MJNA turned 35mil in 2013, is now 100mil 2014. Price of MJNA will reflect that, q1 coming!!!
MJNA's growth is undeniable, over the past few years.. MJNA will continue to grow : )
