Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

Apparently, the 16.5% KannaLife share is MJNA's salvation

So, in a report where:

1) MJNA's financials absolutely suck
2) The company essentially announces that major dilution is imminent
3) Management drops the talk of uplisting and the two-year audit from the report
4) Bad corporate governance loses the distribution agreement with CananVest
5) Gross margins have fallen a lot
6) Roen Ventures is suing MJNA for breach of Contract,

One would think that MJNA has some serious problems.

But hey, it's all cool, because a few years down the road, some new projects at KannaLife might make MJNA's 16.5% investment in KannaLife more valuable.

Unfortunately, it won't be as valuable as was thought a few months ago when CannaVest announced the sale of its KannaLife stake to Phytosphere, because "Phytosphere" was actually HDDC Holdings, not MJNA, which means that MJNA didn't pick up those shares.