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Here is a chance to get in on the edibles market both for medicinal and recreational use. PLPRF does edibles both in THC and CBD. Most edibles firms only do it in CBD; from which there is no resulting high.
Most of the companies that do edibles are privately held.
It started to trade on OTCQB about December 10th at roughly $3.50 per share. It had been trading on the CSX for a while, and still is. While the company has been in business since 2015, it is so new here that Seeking Alpha and Motley Fool have not heard of it.
Here is a chance to get in on the edibles market both for medicinal and recreational use. PLPRF does edibles both in THC and CBD. Most edibles firms only do it in CBD; from which there is no resulting high.
Most of the companies that do edibles are privately held.
It started to trade on OTCQB about December 10th at roughly $3.50 per share. It had been trading on the CSX for a while, and still is. While the company has been in business since 2015, it is so new here that Seeking Alpha and Motley Fool have not heard of it.
GOODBYE!!
Mr. Titus should read these posts! Maybe he does?
PREFERRED SHARES: Does anybody know if management got enough votes to issue it?
The following table shows the largest shareholders in MEDICAL MARIJUANA INC COM (MJNA) for the quarter ended December 31, 2018, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 12/31/2018
Institution Shares Shares % Last
Held Changed Held Report
RNC Capital Management LLC 101,000 0 0.003 12/31
Central Trust Co. (Missouri) 90,000 0 0.003 12/31
Bennicas & Associates Inc. 60,000 0 0.002 09/30
CapFinancial Partners LLC 22,331 0 0.001 09/30
Capital Wealth Planning LLC 19,800 0 0.001 09/30
KLCM Advisors Inc. 15,000 0 0.000 09/30
Private Capital Group LLC 15,000 0 0.000 09/30
McQueen Ball & Associates In 10,000 10,000 0.000 12/31
Strategic Wealth Partners Ltd. 6,000 0 0.000 09/30
AlphaMark Advisors LLC 2,000 0 0.000 09/30
Q3 Asset Management Corp. 0 (24,000) 0.000 09/30
13F data provided by: Factset Research Systems Inc.;
Please send questions to ownership@factset.com.
Copyright, Factset Research Systems, 2019. All Rights Reserved.
(END) Dow Jones Newswires
January 20, 2019 04:03 ET (09:03 GMT)
Perhaps AXIM will determine that?
AXIM. What's going on? Why the big jump today? I went over to their board but found nothing!
A reverse split would be TOXIC unless accompanied by an up listing from OTC Pink Current Information to say OTCQB. This would require AUDITED financials too. Some EARNINGS would help.
Let me ask you, wouldn't it be easier to keep bumping up sales and wait for another company to buy us out?
Does anybody think the CEO and BOD read this column?
I tried last November. I went through their website INVESTOR portal. Here is what I got:
Patrick Maine (Medical Marijuana, Inc. Support)
Nov 20, 11:52 PST
Hello,
Unfortunately we don't have an investor relations department to refer you to. In my experience, quarterly financials are posted up to 3 months after the quarter concludes. Hopefully that helps! Take care.
Regards,
Patrick
Mr. Khoo Hsiang Hua, Title: Chief Executive Officer and Chairman AKA Jamie Koo, CEO owns 53% as of the Sept 30, 2014 annual report:
Why on earth do they need EMLL to do this? Why not just start from scratch?
Because these guys still have shares of EMLL stock. EMLL is a live ticker and a new company can be "put into it" without needing SEC filing. It is listed as OTC Pink - No Information These companies either have no disclosure of information, or the released information is more than six months old. This is still alive, even though there is no BID for the shares. Hope this helps, and thank you for your help here!
THANKS!!
50 million shares traded yesterday (Dec 19) all at .0001? Whereas this is a "no bid" stock does that mean all those shares were bought from the market maker? Looks like someone put $5 grand into this? Does anybody understand this?
Thank you!!
What rule? even after the new rule of the USDA.
They just GOTTA have those PREFERRED SHARES:
Medical Marijuana, Inc. (OTC: MJNA), the first-ever publicly traded cannabis company in the United States, held its Annual Meeting of Shareholders on November 30, 2018 which was adjourned to December 3, 2018 due to a lack of quorum.
At the re-convened meeting on December 3, 2018, a quorum was met and all five directors of MJNA were reelected to staggered terms. A second proposal, however, still lacks the votes needed for approval. Accordingly, the Annual Meeting of Shareholders was adjourned indefinitely for a second time solely as it relates to the second proposal. This proposal is only approximately 1% short of the vote needed for approval.
Voting remains open. MJNA management urges its shareholders of record at close of business as of November 12, 2018 to vote their shares "FOR" the second proposal.
The matters to be voted on at the meeting, and the method to do so via online, mail or telephone vote are set forth in the Notice of Meeting and Proxy Statement previously sent to its shareholders.
IS THIS LEGAL?? The vote lost and they do this. They never said WTF is going to be done with those shares. Maybe that's why it lost.
RIGHT ON!
EARNINGS! That's the only thing that will move this stock. A company can make billions in revenue and still lose money.
The positive things are that MJNA has been able to increase its presence to so many countries without toxic financing or dilution of its stock. Now that expansion is paying off with increasing sales.
Now, those sales have to KEEP increasing. If they do we should get SOME upward movement in the price of the stock.
Then the sales need to come to the bottom line; EARNINGS. That's the only time we will get a POP in this stock, perhaps a big one.
I know I am looking at this as an INVESTMENT and not a speculation. I know that very few penny stocks are long term investments.
Perhaps I'm wrong but my feeling is that this one is different.
How do you figure the breakup value?
Perhaps we should instagram the SEC? Give the SEC a link to these posts?
I second that! Ask them about these "expenses" as shown in their 2017 annual report:
Advertising and Promotion $ 1,605,544
General and Administrative 8,110,208 Commissions5,960,261 Depreciation Expense 494,268 Professional Fees 6,592,579 Goodwill Impairment 130,841,396
VOTED AGAINST ON PREFERRED SHARES & ALL MANAGEMENT!! Like so many penny stocks preferred shares give management's friends a chance to lend money to the company at 12%!
THANK YOU!!
Here is the response I got:
Patrick Maine (Medical Marijuana, Inc. Support)
Nov 20, 11:52 PST
Hello,
Unfortunately we don't have an investor relations department to refer you to. In my experience, quarterly financials are posted up to 3 months after the quarter concludes. Hopefully that helps! Take care.
Regards,
Patrick
HOWEVER, RatFink sent me this. See page 15 where Titus dates it Nov 19, 2018: https://backend.otcmarkets.com/otcapi/company/financial-report/207126/content
Maybe TD Ameritrade needs a kick in the butt for confusing me.
THANK YOU!!
I am emailing the company right now to find out why the date keeps getting pushed further into the future. Now TD talks about Nov 27.
Thanks!
HERE: https://research.tdameritrade.com/grid/public/research/stocks/summary?symbol=MJNA
Look to the right under EVENTS. Today it says Nov 20. Yesterday it said Nov 19.
EARNINGS to be announced tomorrow!!!
It touched 0.078 today. Stock did not do as bad as most this week:
The United States Marijuana Index, which tracks most of the largest marijuana stocks in the U.S., lost 25 percent of its value this week, while the North American Marijuana Index, which also includes Canadian stocks, tumbled 20 percent.
Over the last five trading days, the Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) (TSE:HMMJ) slipped 16.7 percent, while the ETFMG Alternative Harvest ETF (NYSE: MJ) lost 14.5 percent. The SPDR S&P 500 ETF Trust (NYSE: SPY) closed the week down 4 percent.
Stock Moves
Here are some of the top marijuana stocks (market cap above $100 million) in U.S. exchanges and how the performed over the last five trading days:
• 22nd Century Group Inc (NYSE: XXII): down 14.1 percent
• Aphria Inc (OTC: APHQF): down 15.1 percent
• Aurora Cannabis Inc (NYSE: ACB): down 29.5 percent
• CannTrust Holdings Inc (OTC: CNTTF): down 18.5 percent
• Canopy Growth Corp (NYSE: CGC): down 17.6 percent
• Cronos Group Inc. (NASDAQ: CRON): down 20.2 percent
• Green Organic Dutchman Holdings Ltd (OTC: TGODF): down 23.3 percent
• Green Thumb Industries Inc (OTC: GTBIF): down 21 percent
• GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH): down 4.5 percent
• Hexo Corp (OTC: HYYDF): down 13.9 percent
• iAnthus Capital Holdings Inc (OTC: ITHUF): down 14.2 percent
• Medical Marijuana Inc (OTC: MJNA): down 7.1 percent
• MedMen Enterprises Inc. (OTC: MMNFF): down 27.2 percent
• Scotts Miracle-Gro Co (NYSE: SMG): down 6.7 percent
• THC Biomed Intl Ltd (OTC: THCBF): down 14.6 percent
• Tilray Inc (NASDAQ: TLRY): down 25.5 percent
• Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE): down 10.5 percent
CORRECT!!
EARNINGS! That's the only thing that will move this stock. A company can make billions in revenue and still lose money.
The sales need to come to the bottom line; EARNINGS. That's the only time we will get a POP in this stock, perhaps a big one.
WHAT! Institutions own this?
Medical Marijuana Inc, Inst Holders, 3Q 2018 (MJNA)
3:33 am ET October 20, 2018 (Dow Jones) Print
The following table shows the largest shareholders in MEDICAL MARIJUANA INC COM (MJNA) for the quarter ended September 30, 2018, listed by holding size. The list represents up to 50 of the largest holders in the company.
Note: Unless otherwise mentioned the reporting date is 09/30/2018
Institution Shares Shares % Last
Held Changed Held Report
Central Trust Co. (Missouri) 90,000 0 0.003 09/30
Bennicas & Associates Inc. 60,000 0 0.002 09/30
CapFinancial Partners LLC 22,331 22,331 0.001 06/30
Capital Wealth Planning LLC 19,800 0 0.001 06/30
KLCM Advisors Inc. 15,000 0 0.000 06/30
Private Capital Group LLC 15,000 (7,500) 0.000 06/30
Strategic Wealth Partners Ltd. 6,000 5,000 0.000 06/30
Accurate Investment Solutions 0 (468) 0.000 09/30
Q3 Asset Management Corp. 0 (24,000) 0.000 09/30
13F data provided by: Factset Research Systems Inc.;
Please send questions to ownership@factset.com.
Copyright, Factset Research Systems, 2018. All Rights Reserved.
(END) Dow Jones Newswires
October 20, 2018 03:33 ET (07:33 GMT)
Ouch!!
Got it. Thanks!
Over one quarter million shares traded yesterday!!
"MJNA has had a few high profile felons involved over the years. Professional con men."
Do you think they are still there? If so, who?
The auditing requirement does not apply because MJNA is not classified as Premier QX
Here is the latest classification of this company from my TD Ameritrade account:
OTC Pink - Current Information: MJNA
From Investopedia:
Current Information. These are companies that are providing information with either the SEC or the OTC Disclosure and News Service. This information is no more than six months old. In order for companies to stay at this tier and not be moved down, they need to have filed a quarterly or annual report within 75 days after the last quarter has ended. The pink sheet OTC market will verify that the information has been posted.
You see, MJNA is doing nothing outside of the law.
Premiere QX. These are companies listed in the U.S. only that meet the Nasdaq's Capital Market continued listing standards. These companies may or may not report to the SEC, yet they still follow all of the guidelines listed by the Nasdaq.
International Premier QX: These companies are based overseas and are listed on an international exchange, but they still meet the financial requirements of the NYSE Worldwide Listing Standards. These companies establish an independent audit as well as providing immediate certification by the CEO of any non-compliance with corporate governance. These companies, while listed in another country on another exchange, still provide the NYSE with a written and updated notification of their corporate-governance practices.
Here is the latest classification of this company from my TD Ameritrade account:
OTC Pink - Current Information: MJNA
From Investopedia:
Current Information. These are companies that are providing information with either the SEC or the OTC Disclosure and News Service. This information is no more than six months old. In order for companies to stay at this tier and not be moved down, they need to have filed a quarterly or annual report within 75 days after the last quarter has ended. The pink sheet OTC market will verify that the information has been posted.
You see, MJNA is doing nothing outside of the law. So how is "Uncle Sam" going to hurt them?
Down 2% today. At least volume was not too heavy.