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Medical Marijuana, Inc. CEO Provides Insight on Future of U.S. Cannabis Market in Nasdaq News
9:00 AM ET 7/26/22 | GlobeNewswire
Medical Marijuana, Inc. CEO Provides Insight on Future of U.S. Cannabis Market in Nasdaq News
SAN DIEGO, CA, July 26, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Medical Marijuana, Inc. (OTC: MJNA) (the "Company"), the first-ever publicly traded cannabis company in the United States that launched the world's first-ever cannabis-derived nutraceutical products, brands, and supply chain, announced today that its CEO Blake Schroeder has published an article in Nasdaq News to provide the industry with insight on the future of federal cannabis legalization in the U.S.
In his article titled, " How Using the CBD Marketplace Can Set a Strong Stage for U.S. Cannabis", Blake explains how the non-psychoactive hemp CBD market presents a unique opportunity to build a customer base and lay the groundwork for psychoactive tetrahydrocannabinol (THC) product sales once federally legal. He explains how the THC market, which is currently only legal on a state-by-state basis, can learn from the regulatory, testing, banking, legal, and other business related challenges that the CBD market overcame prior to the passing of the 2018 Farm Bill. He highlights how this can help businesses that aim to be in the THC space establish a strong foundation for a federally legal market and provide consumers with safe products.
Blake also highlights the importance of international product pipelines as they present unique opportunities and challenges to provide free access to cannabis products to people around the world and reach new and untapped markets that may loosen cannabis sales restrictions in the future.
"I am very proud of the hard work our company has done to create a legitimate and legal non-psychoactive cannabis marketplace that we have today and am excited to see that replicated in the THC market once our federal legislation changes," said Medical Marijuana, Inc. CEO Blake Schroeder. "We believe we are well-positioned in that space when it becomes federally legal. We have global infrastructure that we will be able to leverage as laws change around the world for the better."
To learn more about the company, please visit https://www.medicalmarijuanainc.com/.
About Medical Marijuana, Inc.
We are a company of firsts(R). Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway(R) and HempMeds(R); a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including AXIM(R) Biotechnologies, Inc. and Neuropathix. Medical Marijuana, Inc. was named a top CBD producer by CNBC. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company's flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.
Medical Marijuana, Inc.'s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com. To see Medical Marijuana, Inc.'s corporate video, click here.
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Medical Marijuana, Inc. to be materially different from the statements made herein.
FOOD AND DRUG ADMINISTRATION (FDA) DISCLOSURE
These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.
LEGAL DISCLOSURE
Medical Marijuana, Inc. does not sell or distribute any products that are in violation of the United States Controlled Substances Act.
CONTACT:
Public Relations Contact:
Kathryn Brown
Account Director
CMW Media
P. 858-221-8001
kathryn@cmwmedia.com
www.cmwmedia.com
Investor Relations Contact:
P. (858) 283-4016
Investors@medicalmarijuanainc.com
> Dow Jones Newswires
July 26, 2022 09:00 ET (13:00 GMT)
*****Doesn't look like theres going be an MJ sector run this year !!! So MJNA will remain stagnant for the rest of the year IMO ( In My Opinion ) LOL
WHOOPS
ENOUGH SAID
Preview of Senate hearing testimony
https://www.marijuanamoment.net/im-a-former-marijuana-prisoner-heres-what-ill-tell-senators-at-their-legalization-hearing-op-ed/
You can watch tomorrow's Senate mj hearing LIVE here at 2:30pm Eastern Time:
https://www.judiciary.senate.gov/meetings/decriminalizing-cannabis-at-the-federal-level-necessary-steps-to-address-past-harms
Closing VWAP Down .27%,
Closing price uP 1.40%,
on less than average volume:
Today's 3.34M volume was less
than the 6.34M 10-day average volume.
Will the .0125 intra-day low on 7/13 remain the bottom? It has, so far..., and will do so for a long, long time, imo.
Time will tell...
MJNA VWAPs & Volumes starting 1/3/22:
.0193719 Jan3 8,633,451
.0223347 Jan4 20,340,824
.0214171 Jan5 9,704,712
.0206261 Jan6 6,550,611
.0207484 Jan7 3,614,091
.0199757 Jan10 6,422,942
.0198304 Jan11 3,773,917
.0204270 Jan12 4,665,943
.0203031 Jan13 7,583,951
.0195643 Jan14 7,052,772
.0188152 Jan18 7,856,637
.0181863 Jan19 9,168,287
.0182230 Jan20 7,336,003
.0183787 Jan21 17,861,605
.0163349 Jan24 23,064,393
.0167154 Jan25 9,042,578
.0170050 Jan26 11,010,280
.0161663 Jan27 5,701,072
.0163671 Jan28 6,659,254
.0166581 Jan31 5,895,079
.0176273 Feb1 12,783,532
.0175282 Feb2 8,445,938
.0173017 Feb3 7,594,434
.0168742 Feb4 7,182,440
.0166775 Feb7 7,180,886
.0167501 Feb8 4,862,957
.0165079 Feb9 13,340,563
.0166900 Feb10 6,110,410
.0169629 Feb11 11,047,471
.0166223 Feb14 9,184,180
.0165772 Feb15 5,891,431
.0166644 Feb16 3,079,967
.0167796 Feb17 4,299,971
.0164944 Feb18 7,791,970
.0161877 Feb22 6,492,767
.0162633 Feb23 10,207,031
.0160781 Feb24 6,108,252
.0163278 Feb25 2,523,160
.0168697 Feb28 4,694,641
.0166371 Mar1 3,975,779
.0166835 Mar2 4,357,192
.0166007 Mar3 2,367,392
.0164845 Mar4 3,810,841
.0160663 Mar7 10,195,714
.0153562 Mar8 11,601,616
.0153516 Mar9 5,958,947
.0159488 Mar10 10,344,242
.0152217 Mar11 19,732,530
.0152296 Mar14 6,106,098
.0151328 Mar15 6,981,683
.0153213 Mar16 11,853,268
.0151738 Mar17 4,947,332
.0151805 Mar18 7,135,500
.0154099 Mar21 4,397,588
.0156066 Mar22 5,616,739
.0157786 Mar23. 5,536,513
.0179646 Mar24 40.88M
.0240469 Mar25 78.03M
.0240040 Mar28 21.10M
.0270703 Mar29 32.32M
.0283233 Mar30 35.35M
.0255613 Mar31 14.95M
.0263257 Apr1 33.52M
.0258736 Apr4 18.45M
.0227569 Apr5 19.58M
.0220862 Apr6 12.53M
.0207863 Apr7 13.86M
.0205544 Apr8 8.23M
.0193743 Apr11 9.61M
.0183655 Apr12 9.93M
.0175384 Apr13 12.29M
.0183268 Apr14 5.01M
.0181950 Apr18 4.44M
.0183705 Apr19 4.27M
.0181323 Apr20 3.84M
.0182398 Apr21 5.55M
.0181259 Apr22 3.58M
.0183086 Apr25 3.73M
.0178000 Apr26 6.87M
.0178417 Apr27 4.03M
.0175022 Apr28 4.73M
.0173736 Apr29 3.43M
.0176807 May2 2.21M
.0177068 May3 2.93M
.0178686 May4 6.36M
.0177194 May5 2.61M
.0171870 May6 8.52M
.0162079 May9 9.16M
.0165312 May10 4.81M
.0160325 May11 7.22M
.0160602 May12 7.08M
.0166732 May13 5.08M
.0164490 May16 4.29M
.0163995 May17 4.15M
.0160343 May18 3.04M
.0159949 May19 3.45M
.0161751 May20 4.23M
.0162005 May23 1.51M
.0161984 May24 2.51M
.0158047 May25 6.38M
.0160785 May26 3.05M
.0159949 May27 4.83M
.0159469 May30 4.85M
.0157162 June1 3.44M
.0155888 June2 3.81M
.0152924 June3 8.38M
.0150838 June6 3.31M
.0153384 June7 2.13M
.0154014 June8 1.87M
.0153542 June9 4.12M
.0152320 Jun10 4.24M
.0141422 Jun13 10.79M
.0138600 Jun14 4.26M
.0137232 Jun15 6.03M
.0133387 Jun16 5.41M
.0135819 Jun17 2.47M
.0134835 Jun21 4.01M
.0132863 Jun22 3.42M
.0132143 Jun23 3.54M
.0134522 Jun24 2.92M
.0132344 Jun27 3.27M
.0132392 Jun28 1.97M
.0131446 Jun29 2.08M
.0131957 Jun30 3.75M
.0129101 July1 4.13M
.0132010 July5 3.25M
.0134492 July6 4.39M
.0134203 July7 2.56M
.0132628 July8 1.80M
.0128806*Jul11 4.92M *
.0130048 Jul12 1.41M
.0129179 Jul13 4.09M
.0130539 Jul14 3.51M
.0129354 Jul15 2.77M
.0132950 Jul18 3.60M
.0134753 Jul19 5.80M
.0154928 Jul20 22.97M !!
.0158384 Jul21 12.50M
.0145632 Jul22 8.86M
.0145239 Jul25 3.34M
* lowest VWAP
VWAP means Volume-Weighted Average Price. It is a more realistic fact of a stock's daily price than a closing price, from a volume perspective. It should be viewed in light of the stock's actual volume on a given day, to give it meaning in the bigger picture. VWAP by itself is not an indicator of future price.
Pro & con people scheduled for Tuesday's Senate hearing:
https://www.marijuanamoment.net/senators-pick-former-marijuana-prisoner-anti-cannabis-alex-berenson-and-more-to-testify-at-reform-hearing/
More good news for this week
https://scheerpost.com/2022/07/22/marijuana-justice-coalition-applauds-long-overdue-senate-legalization-bill/
*****Doesn't look like theres going be an MJ sector run this year !!! So MJNA will remain stagnant for the rest of the year IMO ( In My Opinion ) LOL
WHOOPS
ENOUGH SAID
Closing VWAP Down 8.05%,
Closing price Down 5.92%,
on more than average volume:
Today's 8.86M volume was more
than the 6.34M 10-day average volume.
Will the .0125 intra-day low on 7/13 remain the bottom? It has, so far..., and will do so for a long, long time, imo.
Time will tell...
Happy weekend, all. The drama resumes ahead of Tuesday's Senate actions.
MJNA VWAPs & Volumes starting 1/3/22:
.0193719 Jan3 8,633,451
.0223347 Jan4 20,340,824
.0214171 Jan5 9,704,712
.0206261 Jan6 6,550,611
.0207484 Jan7 3,614,091
.0199757 Jan10 6,422,942
.0198304 Jan11 3,773,917
.0204270 Jan12 4,665,943
.0203031 Jan13 7,583,951
.0195643 Jan14 7,052,772
.0188152 Jan18 7,856,637
.0181863 Jan19 9,168,287
.0182230 Jan20 7,336,003
.0183787 Jan21 17,861,605
.0163349 Jan24 23,064,393
.0167154 Jan25 9,042,578
.0170050 Jan26 11,010,280
.0161663 Jan27 5,701,072
.0163671 Jan28 6,659,254
.0166581 Jan31 5,895,079
.0176273 Feb1 12,783,532
.0175282 Feb2 8,445,938
.0173017 Feb3 7,594,434
.0168742 Feb4 7,182,440
.0166775 Feb7 7,180,886
.0167501 Feb8 4,862,957
.0165079 Feb9 13,340,563
.0166900 Feb10 6,110,410
.0169629 Feb11 11,047,471
.0166223 Feb14 9,184,180
.0165772 Feb15 5,891,431
.0166644 Feb16 3,079,967
.0167796 Feb17 4,299,971
.0164944 Feb18 7,791,970
.0161877 Feb22 6,492,767
.0162633 Feb23 10,207,031
.0160781 Feb24 6,108,252
.0163278 Feb25 2,523,160
.0168697 Feb28 4,694,641
.0166371 Mar1 3,975,779
.0166835 Mar2 4,357,192
.0166007 Mar3 2,367,392
.0164845 Mar4 3,810,841
.0160663 Mar7 10,195,714
.0153562 Mar8 11,601,616
.0153516 Mar9 5,958,947
.0159488 Mar10 10,344,242
.0152217 Mar11 19,732,530
.0152296 Mar14 6,106,098
.0151328 Mar15 6,981,683
.0153213 Mar16 11,853,268
.0151738 Mar17 4,947,332
.0151805 Mar18 7,135,500
.0154099 Mar21 4,397,588
.0156066 Mar22 5,616,739
.0157786 Mar23. 5,536,513
.0179646 Mar24 40.88M
.0240469 Mar25 78.03M
.0240040 Mar28 21.10M
.0270703 Mar29 32.32M
.0283233 Mar30 35.35M
.0255613 Mar31 14.95M
.0263257 Apr1 33.52M
.0258736 Apr4 18.45M
.0227569 Apr5 19.58M
.0220862 Apr6 12.53M
.0207863 Apr7 13.86M
.0205544 Apr8 8.23M
.0193743 Apr11 9.61M
.0183655 Apr12 9.93M
.0175384 Apr13 12.29M
.0183268 Apr14 5.01M
.0181950 Apr18 4.44M
.0183705 Apr19 4.27M
.0181323 Apr20 3.84M
.0182398 Apr21 5.55M
.0181259 Apr22 3.58M
.0183086 Apr25 3.73M
.0178000 Apr26 6.87M
.0178417 Apr27 4.03M
.0175022 Apr28 4.73M
.0173736 Apr29 3.43M
.0176807 May2 2.21M
.0177068 May3 2.93M
.0178686 May4 6.36M
.0177194 May5 2.61M
.0171870 May6 8.52M
.0162079 May9 9.16M
.0165312 May10 4.81M
.0160325 May11 7.22M
.0160602 May12 7.08M
.0166732 May13 5.08M
.0164490 May16 4.29M
.0163995 May17 4.15M
.0160343 May18 3.04M
.0159949 May19 3.45M
.0161751 May20 4.23M
.0162005 May23 1.51M
.0161984 May24 2.51M
.0158047 May25 6.38M
.0160785 May26 3.05M
.0159949 May27 4.83M
.0159469 May30 4.85M
.0157162 June1 3.44M
.0155888 June2 3.81M
.0152924 June3 8.38M
.0150838 June6 3.31M
.0153384 June7 2.13M
.0154014 June8 1.87M
.0153542 June9 4.12M
.0152320 Jun10 4.24M
.0141422 Jun13 10.79M
.0138600 Jun14 4.26M
.0137232 Jun15 6.03M
.0133387 Jun16 5.41M
.0135819 Jun17 2.47M
.0134835 Jun21 4.01M
.0132863 Jun22 3.42M
.0132143 Jun23 3.54M
.0134522 Jun24 2.92M
.0132344 Jun27 3.27M
.0132392 Jun28 1.97M
.0131446 Jun29 2.08M
.0131957 Jun30 3.75M
.0129101 July1 4.13M
.0132010 July5 3.25M
.0134492 July6 4.39M
.0134203 July7 2.56M
.0132628 July8 1.80M
.0128806*Jul11 4.92M *
.0130048 Jul12 1.41M
.0129179 Jul13 4.09M
.0130539 Jul14 3.51M
.0129354 Jul15 2.77M
.0132950 Jul18 3.60M
.0134753 Jul19 5.80M
.0154928 Jul20 22.97M !!
.0158384 Jul21 12.50M
.0145632 Jul22 8.86M
* lowest VWAP
VWAP means Volume-Weighted Average Price. It is a more realistic fact of a stock's daily price than a closing price, from a volume perspective. It should be viewed in light of the stock's actual volume on a given day, to give it meaning in the bigger picture. VWAP by itself is not an indicator of future price.
I remember my first trade I sold mjna for 50 Pennie’s.
Id like to see it run to
.75 again
The Good old days
Some VWAP gap-filling in the .014s today, before the next leg up, imo, as it was jumped over on the first leg up up:
.0129354 Jul15 2.77M
.0132950 Jul18 3.60M
.0134753 Jul19 5.80M
.0154928 Jul20 22.97M !!
.0158384 Jul21 12.50M
Wider than usual spreads are more common when a stock like this is in a run-up phase for days. It let's the MMs cover as they go with higher volumes of buying pressure. I'm seeing it today, spreads like .0009 or higher are indicative.
$MJNA Senate Democrats roll out long-awaited bill to legalize marijuana
https://thehill.com/homenews/senate/3569126-senate-democrats-roll-out-long-awaited-bill-to-legalize-marijuana/
*****Doesn't look like theres going be an MJ sector run this year !!! So MJNA will remain stagnant for the rest of the year IMO ( In My Opinion ) LOL
WHOOPS
ENOUGH SAID
>>> MJNA HIT 22.2 CENTS_LAST_YEAR_ON_FEBRUARY_11,_2021!!!_<<<
HOW HIGH WILL MJNA_GO_NEXT_BIG_RUN???_10¢_15¢_20¢_25¢_OR_HIGHER???
IN MY OPINION
*****LAST MJNA RUN MJNA RAN A VERY IMPRESSIVE 21_TIMES_GAIN_IN_~1_YEAR_FROM_.0106_TO_.222!!!
MJNA GAINED .222(2/11/21HIGH)/.0106(2/28/20LOW)_OR_21_TIMES_IN_~1_YR!!!
MJNA HIGH ON 2/11/21 HIGH: .222
MJNA LOW ON 2/28/20 LOW: .0106
.222/.0106 = 20.9 TIMES GAIN
SOURCE: https://www.nasdaq.com/market-activity/stocks/mjna/historical
****A 2015/2016 10 TIMES RUN!!!..._.0275(9/30/15)_TO_.268(11/3/16)!!!****
LOW ON 9/30/15 WAS: .0275
HIGH ON 11/3/16 WAS: .268
MJNA HISTORICAL PPS SOURCE: https://www.nasdaq.com/market-activity/stocks/mjna/historical
.268/.0275 = 9.75 TIMES!!!...
SOURCE OF 1/24/22 10-YR. MJNA CHART PPSs IN ANNOTATED MJNA 10-YR CHART BELOW: https://www.nasdaq.com/market-activity/stocks/mjna/historical
IS MJNA LAUNCHING AGAIN YET?? HOW HIGH_WILL_MJNA_GO_THIS_TIME?_.10,.15,.20,.25_OR_HIGHER??
IN MY OPINION
*****FEBRUARY 11, 2021, MJNA HIT 22.2 CENTS ON FEBRUARY 11, 2011!!!
*****LAST MJNA RUN!!! .222(2/11/21HIGH)/.0106(2/28/20LOW)_OR_21_TIMES_GAIN_IN_~1_YR!!!
MJNA HIGH ON 2/11/21 HIGH: .222
MJNA LOW ON 2/28/20 LOW: .0106
.222/.0106 = 20.9 TIMES GAIN
SOURCE: https://www.nasdaq.com/market-activity/stocks/mjna/historical
SOURCE OF 1/24/22 10-YR. MJNA CHART PPSs IN ANNOTATED MJNA 10-YR CHART BELOW: https://www.nasdaq.com/market-activity/stocks/mjna/historical
*****NUMEROUS MJNA RUNS NOTED IN MJNA_10-YR_CHART_BELOW_INCLUDING:_24X,_21X,_10X,_6X!!!*****
SOURCE OF 1/24/22 10-YR. MJNA CHART PPSs IN ANNOTATED MJNA 10-YR CHART BELOW: https://www.nasdaq.com/market-activity/stocks/mjna/historical
*****IS MJNA LAUNCHING AGAIN YET?? HOW HIGH_WILL_MJNA_GO_THIS_TIME?_.10,.15,.20,.25_OR_HIGHER??
IN MY OPINION
*****LOTTA REC. MARIJUANNA LEGISLATION/LEGALIZATION_ACTION/NEWS_HAPPENING_IN_WASHINGTON,DC!_SEE_BELOW!
14. 6-10-22: https://www.marijuanamoment.net/new-details-on-congressional-marijuana-omnibus-bill-emerge-as-lawmakers-work-for-60-senate-votes/
13. 5-7-22: https://www.marijuanamoment.net/schumer-says-hes-discussed-marijuana-bill-with-six-republicans-in-speech-at-nyc-legalization-rally/
12. 4-11-22: https://www.marijuanamoment.net/marijuana-banking-push-set-to-be-revived-as-congressional-leaders-appoint-negotiators-on-large-scale-manufacturing-bill/
11. 4-1-22: https://www.marijuanamoment.net/house-begins-final-debate-on-federal-marijuana-legalization-bill-with-floor-vote-imminent/
10. 3-9-22: https://www.marijuanamoment.net/marijuana-banking-sponsor-wont-stop-talking-about-his-bill-in-hearings-on-unrelated-legislation/
9. 3-8-22: https://www.marijuanamoment.net/congressman-pledges-to-be-a-real-pest-until-senate-passes-his-marijuana-banking-bill/
8. 3-8-22: https://www.marijuanamoment.net/americans-want-congress-to-pass-marijuana-banking-bill-poll-from-american-bankers-association-poll-finds/
7. 3-1-22: https://www.marijuanamoment.net/marijuana-and-civil-rights-groups-demand-legalization-vote-on-house-floor-this-month/
6. 2-4-22: https://www.marijuanamoment.net/marijuana-banking-sponsor-says-hes-in-amendment-talks-with-senate-leader-as-house-passes-reform-for-sixth-time/
5. 2-3-22: https://www.marijuanamoment.net/house-officially-approves-marijuana-banking-amendment-to-large-scale-bill-set-for-floor-action-on-friday/
4. 2-2-22: https://www.marijuanamoment.net/house-approves-marijuana-banking-on-voice-vote-without-debate-but-roll-call-for-final-approval-expected-thursday/
3. 2-1-22: https://www.marijuanamoment.net/marijuana-banking-reform-cleared-for-house-floor-again-following-committee-action-on-large-scale-bill/
2. 1-31-22: https://www.marijuanamoment.net/schumer-gives-update-on-federal-marijuana-legalization-and-banking-in-meeting-with-equity-advocates/
1. 1-28-22: https://www.marijuanamoment.net/congressman-files-new-marijuana-banking-reform-amendment-to-large-scale-house-bill/
FEDERAL RECREATIONAL MARIJUANNA LEGISLATION/LEGALIZATION WILL HELP CANNABIS/MJ COMPANIES LIKE "MJNA"!!!
$MJNA
MJNA INDICATED IN 2015 THEY_WILL_ENTER_LEGAL_MJ_MARKET_IF_MJ_BECOMES_LEGAL!!!
EXCERPT FROM "LETTER TO SHAREHOLDERS BY CEO STUART TITUS", 5/14/15, AS FOLLOWS:
"...we are poised and consider ourselves well-positioned for eventual cannabis legalization. We have a plan for that eventuality, and intend to leverage our relationships and expertise to help
advance a truly legal cannabis industry when the day comes. Once legalization occurs or becomes better defined regarding states rights – we can quickly implement entry into this new market.
Rescheduling – if not full de-scheduling – from the Controlled Substances Act would signal the clear demarcation point of our entry into the space."
SOURCE: http://medicalmarijuanainc.com/letter-to-shareholders-by-ceo-stuart-titus-2014-annual-report/
3/10/22 ARTICLE, MJNA SATISFIES TWO_MAJOR_O/S_DEBT_LIABILITIES!!!_https://seekingalpha.com/news/3812158-medical-marijuana-satisfies-2-major-outstanding-debt-liabilities?utm_source=advfn.com&utm_medium=referral
**** 4/2/22 PR, MJNA REPORTS $34.1_MILLION_2021_ANNUAL_REVENUES!!!_*****_https://finance.yahoo.com/news/medical-marijuana-inc-reports-34-130000983.html
EXCERPT BELOW OF LINKED PR:
SAN DIEGO, CA, April 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Medical Marijuana, Inc. (OTC: MJNA) (the “Company”), the first-ever publicly traded cannabis company in the United States that launched the world’s first-ever cannabis-derived nutraceutical products, brands, and supply chain, today announced its financial results for the year ending December 31, 2021, and provided an overview of recent operational highlights.
– Third Quarter 2021 Financial and Operational Highlights
– Generated $34.1 million in net revenue for fiscal year 2021;
– Gross profit fiscal year 2021, was $26.9 million representing a gross profit margin of 78%;
– Total cash balance at year end was $5.4 million;
– Medical Marijuana, Inc. experienced substantial growth in its international business segments including the establishment of operations in South Africa and Hong Kong, and celebrated sales growth records in its Japanese, Brazilian and Mexican businesses;
– Added key executive team members with deep experience in high-growth, international companies;
– Increased its advocacy of expanded access to cannabis-based products through participation in industry organizations and supportive stances on regulatory changes in favor of cannabis legalization around the world.
“2021 was a pivotal year for Medical Marijuana, Inc – a year focused on our mission to establish new markets internationally and to bring access to safe and effective cannabis-based products to millions worldwide,” said Medical Marijuana, Inc. CEO Blake Schroeder. “I’m proud of the progress we made in achieving that mission. Medical Marijuana, Inc. is leading the way in becoming the first global cannabis company. We will continue to utilize our first mover advantage in these markets while optimizing and growing our existing operations. In 2021, we improved our operating margins by continuing to develop our own manufacturing capacity where we now produce the vast majority of our own products in-house. We plan to further optimize those operations which inevitably will help our bottom line. On the pharmaceutical side, our major investment companies AXIM Biotechnologies (OTC: AXIM) and Neuropathix (OTC: NPTX) furthered their groundbreaking research and experienced their own set of milestones. AXIM acquired FDA-cleared diagnostic tools that will allow AXIM to pave the way for a bright future in the Dry Eye Disease category. Neuropathix received a grant from the NIH HEAL program, further validating the science it is conducting.
About Medical Marijuana, Inc.
We are a company of firsts®. Medical Marijuana, Inc. (MJNA) is a cannabis company with three distinct business units in the non-psychoactive cannabinoid space: a global portfolio of cannabinoid-based nutraceutical brands led by Kannaway® and HempMeds®; a pioneer in sourcing the highest-quality legal non-psychoactive cannabis products derived from industrial hemp; and a cannabinoid-based clinical research and botanical drug development sector led by its pharmaceutical investment companies and partners including AXIM® Biotechnologies, Inc. and Neuropathix. Medical Marijuana, Inc. was named a top CBD producer by CNBC in 2019. Medical Marijuana, Inc. was also the first company to receive historic import permits for CBD products from the governments of Brazil, Mexico, Argentina, and Paraguay and is a leader in the development of international markets. The company's flagship product Real Scientific Hemp Oil has been used in several successful clinical studies throughout Mexico and Brazil to understand its safety and efficacy.
Medical Marijuana, Inc.'s headquarters is in San Diego, California, and additional information is available at OTCMarkets.com or by visiting www.medicalmarijuanainc.com. To see Medical Marijuana, Inc.'s corporate video, click here.
*****VWAP is one of the weakest of stock indicators - MJNAs VWAP at this point is meaningless
ENOUGH SAID
This Cannabis research bill will be on the Senate floor next week, coincidentally on Tuesday next week when the CAOA bill hearing takes place. They're looking to fast-track it to the President, with a high probability of him signing it:
https://www.marijuanamoment.net/revised-marijuana-research-bill-expected-to-head-to-presidents-desk-soon-with-floor-action-planned-next-week/
Good to know it's of value to you, and glad to help.
I've learned a lot from your VWAP lessons. It is really a helpful indicator. Especially when applied to one of my other stocks.
Closing VWAP uP 2.23%,
Closing price Down 8.98%,
on more than 2X average volume:
Today's 12.50M volume was over 2X more
than the 5.34M 10-day average volume.
Will the .0125 intra-day low on 7/13 remain the bottom? It has, so far..., and will do so for a long, long time, imo.
Time will tell...
MJNA VWAPs & Volumes starting 1/3/22:
.0193719 Jan3 8,633,451
.0223347 Jan4 20,340,824
.0214171 Jan5 9,704,712
.0206261 Jan6 6,550,611
.0207484 Jan7 3,614,091
.0199757 Jan10 6,422,942
.0198304 Jan11 3,773,917
.0204270 Jan12 4,665,943
.0203031 Jan13 7,583,951
.0195643 Jan14 7,052,772
.0188152 Jan18 7,856,637
.0181863 Jan19 9,168,287
.0182230 Jan20 7,336,003
.0183787 Jan21 17,861,605
.0163349 Jan24 23,064,393
.0167154 Jan25 9,042,578
.0170050 Jan26 11,010,280
.0161663 Jan27 5,701,072
.0163671 Jan28 6,659,254
.0166581 Jan31 5,895,079
.0176273 Feb1 12,783,532
.0175282 Feb2 8,445,938
.0173017 Feb3 7,594,434
.0168742 Feb4 7,182,440
.0166775 Feb7 7,180,886
.0167501 Feb8 4,862,957
.0165079 Feb9 13,340,563
.0166900 Feb10 6,110,410
.0169629 Feb11 11,047,471
.0166223 Feb14 9,184,180
.0165772 Feb15 5,891,431
.0166644 Feb16 3,079,967
.0167796 Feb17 4,299,971
.0164944 Feb18 7,791,970
.0161877 Feb22 6,492,767
.0162633 Feb23 10,207,031
.0160781 Feb24 6,108,252
.0163278 Feb25 2,523,160
.0168697 Feb28 4,694,641
.0166371 Mar1 3,975,779
.0166835 Mar2 4,357,192
.0166007 Mar3 2,367,392
.0164845 Mar4 3,810,841
.0160663 Mar7 10,195,714
.0153562 Mar8 11,601,616
.0153516 Mar9 5,958,947
.0159488 Mar10 10,344,242
.0152217 Mar11 19,732,530
.0152296 Mar14 6,106,098
.0151328 Mar15 6,981,683
.0153213 Mar16 11,853,268
.0151738 Mar17 4,947,332
.0151805 Mar18 7,135,500
.0154099 Mar21 4,397,588
.0156066 Mar22 5,616,739
.0157786 Mar23. 5,536,513
.0179646 Mar24 40.88M
.0240469 Mar25 78.03M
.0240040 Mar28 21.10M
.0270703 Mar29 32.32M
.0283233 Mar30 35.35M
.0255613 Mar31 14.95M
.0263257 Apr1 33.52M
.0258736 Apr4 18.45M
.0227569 Apr5 19.58M
.0220862 Apr6 12.53M
.0207863 Apr7 13.86M
.0205544 Apr8 8.23M
.0193743 Apr11 9.61M
.0183655 Apr12 9.93M
.0175384 Apr13 12.29M
.0183268 Apr14 5.01M
.0181950 Apr18 4.44M
.0183705 Apr19 4.27M
.0181323 Apr20 3.84M
.0182398 Apr21 5.55M
.0181259 Apr22 3.58M
.0183086 Apr25 3.73M
.0178000 Apr26 6.87M
.0178417 Apr27 4.03M
.0175022 Apr28 4.73M
.0173736 Apr29 3.43M
.0176807 May2 2.21M
.0177068 May3 2.93M
.0178686 May4 6.36M
.0177194 May5 2.61M
.0171870 May6 8.52M
.0162079 May9 9.16M
.0165312 May10 4.81M
.0160325 May11 7.22M
.0160602 May12 7.08M
.0166732 May13 5.08M
.0164490 May16 4.29M
.0163995 May17 4.15M
.0160343 May18 3.04M
.0159949 May19 3.45M
.0161751 May20 4.23M
.0162005 May23 1.51M
.0161984 May24 2.51M
.0158047 May25 6.38M
.0160785 May26 3.05M
.0159949 May27 4.83M
.0159469 May30 4.85M
.0157162 June1 3.44M
.0155888 June2 3.81M
.0152924 June3 8.38M
.0150838 June6 3.31M
.0153384 June7 2.13M
.0154014 June8 1.87M
.0153542 June9 4.12M
.0152320 Jun10 4.24M
.0141422 Jun13 10.79M
.0138600 Jun14 4.26M
.0137232 Jun15 6.03M
.0133387 Jun16 5.41M
.0135819 Jun17 2.47M
.0134835 Jun21 4.01M
.0132863 Jun22 3.42M
.0132143 Jun23 3.54M
.0134522 Jun24 2.92M
.0132344 Jun27 3.27M
.0132392 Jun28 1.97M
.0131446 Jun29 2.08M
.0131957 Jun30 3.75M
.0129101 July1 4.13M
.0132010 July5 3.25M
.0134492 July6 4.39M
.0134203 July7 2.56M
.0132628 July8 1.80M
.0128806*Jul11 4.92M *
.0130048 Jul12 1.41M
.0129179 Jul13 4.09M
.0130539 Jul14 3.51M
.0129354 Jul15 2.77M
.0132950 Jul18 3.60M
.0134753 Jul19 5.80M
.0154928 Jul20 22.97M !!
.0158384 Jul21 12.50M
* lowest VWAP
VWAP means Volume-Weighted Average Price. It is a more realistic fact of a stock's daily price than a closing price, from a volume perspective. It should be viewed in light of the stock's actual volume on a given day, to give it meaning in the bigger picture. VWAP by itself is not an indicator of future price.
Two years ago, on July 21, 2020, the MJNA price was about the same as it is now, closing at .016
Following that, the price basically climbed from November to a February '21 high of .22
I think there could be a similar price rise scenario this time around, but with the price rise beginning sooner than November.
Is hindsight 2020?
Time will tell...
*****Doesn't look like theres going be an MJ sector run this year !!! So MJNA will remain stagnant for the rest of the year IMO ( In My Opinion ) LOL
WHOOPS
ENOUGH SAID
We are on the rails for a long time!!
We are on the rails !!!
Ready RF. I was with you back in the day riding the pot stocks up in 2014.
$MJNA Ready
Good to see your still here Rat. Been a long time.
Keep telling the facts like always.
Thank you for keeping it real.
MJ is due for that classic run north.
11AUDIS4SC, MJNA UP 26% ON_A_HUGE_23_MILLION_SHARES_VOLUME_TODAY!!!
*****VWAP is one of the weakest of stock indicators - MJNAs VWAP at this point is meaningless
ENOUGH SAID
Followers
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2060
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Posters
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Posts (Total)
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Created
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04/07/09
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Free
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Moderators Blue Skys 1vman Rat Fink Saving Grace |
Market Value1 | $164,938,995 | a/o Aug 04, 2016 | |
Authorized Shares | 5,000,000,000 | a/o Mar 31, 2016 | |
Outstanding Shares | 2,868,504,261 | a/o Mar 31, 2016 | |
Float | 411,045,323 | a/o Mar 31, 2013 | |
Par Value | 0.001 |
Incorporated In: | OR, USA 2005 |
Shareholders of Record | 610 | a/o Dec 31, 2015 |
Medical Marijuana Inc has been featured:
CNN | The New York Times | USA Today | Yahoo | BBC |
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