Empire Building 101
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Calm it is. My guess is we dont see the PR until Thursday but you never know. Would be real nice when they give details on the Pharmasphere deal we get the revenue projection for Q1. That would be significant and a glimpse of what the future brings in frevenue growth. We already know it is there best Q ever.
The New Year and first quarter have proven to be the best to date for the company and we are more than pleased with our results. We look forward to updating shareholders on our progress and would like to thank you for your continued support. Stated Michael Llamas, President of Medical Marijuana Inc.
WE did over $400k last Q so we know that revenues are better but how much is the 64,000 dollar question. My guess and it is only a guess we do over $600K. This will bring the long awaited fanfare and send this stock up to double digits.
I currently hold 500K nand some what skeptical that they will get the product on the shelves by EOM. However , I will be adding another 500K once product is on shelves. My question is... are there any other longs awaiting for product release before adding more shares? I have no doubt they will get product on the shelves but not sure they can accomplish this in the time frame. After all there is alot of things that have to happen. Again anybody waiting for product release before adding?
The company has been finalizing the purchase of a portfolio of patented cannabinoid based products as well as several pharmaceutical grade cannabinoid delivery methods which make for a more sociably accepted method of consuming medical grade marijuana products.
I wonder if this could have anything to do with RFMK's new vaporizer. Looks like management has been very busy here. Very possible I'm in left field but you never know. They are throwing darts in every direction and obviously everything doesnt stick. However, we dont need to hit a bullseye in everything...a couple good hits and we see .25 very soon. Get ready for this rocket to launch soon.
Probably trade between .05-.06 is my guess. There actualy was a real AH trade yesterday as it was a FORM T trade for 300k below market. Seems kind of foolish IMO especially knowing where this s going. Will be gone all day and with a little luck will come home pleasently surprized. I am now fully loaded here.
In the event we go back to the 4's will buy lots more. GLTA!
After reading the PR it looks like we have news coming next week. This is going to rock and become much bigger than most have anticipated including myself.
SAN DIEGO, March 22, 2012 /PRNewswire/ -- Medical Marijuana Inc. (OTC Pink Sheets: MJNA) is pleased to announce an update for shareholders of recent corporate activities and events. Numerous transactions are in various stages of development, negotiations, closing and integration that will have a significant positive contribution to the Company's bottom line. The company has been finalizing the purchase of a portfolio of patented cannabinoid based products as well as several pharmaceutical grade cannabinoid delivery methods which make for a more sociably accepted method of consuming medical grade marijuana products.
Regarding the previously announced proposed acquisition of PharmaSPHERE Systems, LLC the Massachusetts based biotechnology and pharmaceutical grade medicinal herb company, we have finalized our negotiations with the company and will announce next week the positive results of the transaction.
The MJNA Biotechnology division has sourced several partners where the company can deploy presently idle equipment – this is expected to be a significant revenue generator in the California and Colorado markets.
Our HempCOMPOUNDS division is in process of finalizing agreements in the European, Australian and Canadian markets for the syndication, acquisition, capitalization and development of ongoing industrial hemp based businesses to increase our supply of raw ingredients for our longer term needs.
We have sourced several California and Colorado based distribution companies to license our proprietary products and high value- Cannabidiol (CBD) extract. We anticipate licensing these regional distributors exclusively for our products within their markets. These distributors currently have a significant foothold within their states and once finalized these transactions will add a considerable amount of profit as well as exposure to the company.
With the closing these transactions, we inherit several legal marijuana research partners with US and International Universities. These partners have had years of research experience in our industry, and will aid in the company's ability to continually evaluate its products and technologies and procedures. These partnerships will significantly increase our company's exposure to the medical and academic communities.
Wellness Managed Services, a wholly owned subsidiary that is engaged in the management of collectives and the acquisition of hydroponic retailers is in negotiations for the acquisition of several more collective management contracts in California and is expected to expand into Michigan and Arizona in the coming months.
MJNA is further in negotiation to acquire one of a handful of merchant and financial services businesses that can process dispensary and collective based business transactions. This company also has its own proprietary seed-to-sale inventory management and tracking software, making it a prime target to enhance our overall platform of services. This is a significant potential acquisition, as many of our shareholders and the industry is aware, there are only a few financial services and merchant service companies that can process industry transactions.
The New Year and first quarter have proven to be the best to date for the company and we are more than pleased with our results. We look forward to updating shareholders on our progress and would like to thank you for your continued support. Stated Michael Llamas, President of Medical Marijuana Inc.
ABOUT MEDICAL MARIJUANA INC. (OTC: MJNA.PK - News)
Our mission is to be the world's premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate, invest in and purchase value-added sustainable companies, while allowing them to keep their integrity and entrepreneurial spirit. We strive to create awareness within our industry, pay homage to the visionaries and activists of the past and present, and provide the platform from which the industry can emerge into a global sustainable economy for all. Medical Marijuana Inc recognizes the vast and unequaled opportunities that exist in the rapidly expanding hemp and medical marijuana industries. The scientific recognition of cannabis has brought legalized marijuana use to the forefront of mainstream discussion, thus opening the door for safe and lucrative investment opportunities.
www.MedicalMarijuanaInc.com
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 (FDA), products and statements are not intended to diagnose, treat, cure, or prevent any disease
Corporate Contact:
Medical Marijuana Inc.
2665 Ariane Drive Suite 207
San Diego, CA 92117
Toll Free: 888-OTC-MJNA (888-682-6562)
Facsimile: 888-651-0349
www.medicalmarijuanainc.com
www.facebook.com/mjnainc
Investor Relations Contact:
Equiti-Trend Advisors, LLC
Carmel Valley Center II
11995 El Camino Real, Suite 301
San Diego, CA 92130
(800) 953-3350
admin1@equititrend.com
www.equititrend.com
What day do we pass the PPS of CBIS? I say MJNA passes the PPS within 2 weeks or less. As I have said this is the best of breed here bar none. All comments welcome.
Just got back and what a welcome surprize with news(not)! Looks like q1 revenues are gonna rock.
The New Year and first quarter have proven to be the best to date for the company and we are more than pleased with our results. We look forward to updating shareholders on our progress and would like to thank you for your continued support. Stated Michael Llamas, President of Medical Marijuana Inc.
While I am sure we will se a PR soon the fact remains they do not do fluff PR's. Patience is required and my only suggestion is to continue accumulating until we get the PR...otherwis it will be to late. Going outside to do yard work it is beautiful and I find no value today sitting in front of the puter.
Excellent support at .005 I do not believe we will see the .004's anymore today. This is gonna be huge and obviously there was much more going on behind the scene than many thought. hang on for the ride this is gonna be pretty.
Maybe it was Kels not really sure but it was definately said.
Only 500K left on the .0055 i believe we see .0065 with no news. I guess all the excellent DD that has been presented in the last 24 hours we dont need a PR yet.
Wonder what happens once this gets put on the shelves?
Excellent once we break .05 things could get real good quickly. IMO, we do not need a PR to get to .0065 as in reality the things many have posted are news. Silence is golden.
I believe there is over 2 mil on the ask currently.
Hopefully we are settled. Like you I'm entrenched in 2 MMJ stocks heavily although holding 5 in total. Within this industry my largest investments in order of ownership as follows 1)MJNA 2)RFMK 3)MWIP 4)ERBB 5)CBIS
While I believe MJNA is the best of breed anything can happen especially if some of these compnies get a piece of the $100 Mil that will be available for start-up MMJ companies. Looking for some real gains in the next 6 months.
We certainly need news. IMO, while news is imminent the focus should be on Q1 earnings which should show continued growth of atleast 30-50% higher than Q4 which was 100% higher than Q3. A little patience here will go a very long way. However, Ido believe we see a PR very soon.
I think Tom just stuck it to the shorters last night with that update.
R U referring to Fridays after the close PR?
Very good post however things are changing rapidly as MMJ is about to go Mainstream as more states adapt. This is an election year and it is coming very obvious now that MMJ is starting to attract big bucks that some will thrive while some will die at the vine. Personally I believe we will thrive and it is becoming more obvious. Getting cash is the key here and MJNA nows has cash. With this in mind MJNA can now accomplish things that only 2 years ago were merely a pipe dream.
You need faith. Exactly how long have you had this? There is no such thing as a guarentee but this is as close as any. Shut your computer off and wait until Q1 earnings come out(April 15) and you will be positively surprized. If your daytrading your in the wrong kind of a stock. When news comes out we should blow through the last run of .11 IMO.
Good luck!
Looks like they are going to bring it back down on very light volume. This is so wrong but reality...it just stinks when they do this.
We need news period otherwise we will languish in a trading range. Once people realize this is best of breed and realize that Q4 revenues were 100% higher than Q3 with the possibility of Q1 ending 3/31/2012 has the potential to be 100% higher than Q4 we rock. Q4 did this in lieu of the problem last Sept. We are going to wake up some morning and the PR will be looking straight at us with the stock gapping up only to say I wish I would have added mre in the .05-.06 range.
Agreed.
I believe CBIS will be successful however they have no cash and IMO dilution will be the key for them to get money and then at some point the dreaded RS but that is only my opinion.
I believe more and more holders of CBIS are gradually coming here as people realize these fluff PR's are exactly that. while I expected a PR this week for MJNA, obviously it did not happen. My prediction is our share price surpasses CBIS within 2 weeks. Cant wait for thae PR we are all expecting.
Anyone who sold yesterday in the low 4's has got to feel like an imbecile. Oh ya and congrats to those who were able to buy those shares. Unfortunately my last buy was at .05
Patience patience here. Dont know if m.m.'s are playing games or if they just wiped out the stop losses and we have not yet recovered but I do know this is best of breed and we will do very good.
Looks like someone is dumping in a very big way. Maybe something going on within sector...anybody thoughts
Bought a fewe more here at .05 surely this will hold? Sure hope so because I'm all in. Can't understand why anyone would sell. Any ideas...
I believe we got the eyes here but everyone is awaiting news before commitment. Unfortunately for those who are waiting once the news is released we go up immediately and they will chase higher.
Looks like we continue to drift lower awaiting news. Why would anyone sell here knowing that news is pending and we are in the forefront of something absolutely huge is beyond me. Lots of MMJ continue to put out PR's weekly for months making promkises with little to no revenues and here we have a company with revenues soaring in a 9 months period....go figure. I'm not only holding but adding.
I dont think it goes much lower maybe .055 that would be a nice grab. I think we are in for one monster run once q1 comes out.
I hardly doubt tey are associated with RIGH.
Heading out for the day. Would be nice to see s PR today before the open to get things rockin. May today be profitible for all MJNA holders. If no upward movement today will be adding tommorrow. Have a great day!
I've no idea where they are coming from other than what the PR says This increase comes from its subsidiary Wellness Managed Services, which engages in the management and development of Health and Wellness facilities and hydroponics stores throughout North America.
Looking for a great Q1 followed up by an even better Q2. Last chance to get your tickets on sale.
My question is CKGT.OB a fraud? I believe GEO or somebody did a hit long time ago. Supposedly financials did not match. Nada a word since yet they continue to file. Any thoughts or comments welcome. PE is less than 1.
Heavy accumulation here. Looks like somebody was selling in the AM and all were snapped up around .06 but since 11:15 continued buying with a few trades at 200K or more.
Awesome indeed. I believe news is forthcoming...cant wait especially knowing people will be jumping all over the ask to get in. People need to look at Q4 results and act before its too late.
Boy does this wanna take off in the worst way.
Thanks. Never thought much about the facility but you may very well be onto something there. Sure would make a lot of sence especially knowing that sales are growing rapidly. I think this whole story will unfold rather quickly especially knowing the problems they had last Sept. and unable to complete acquisitions. Only a guess but most details were probably already worked out last year before the snafu and more to do with crossing the t's and dotting the i's. GLTA and hold on tight as you haven't seen nothing yet.
Thats what I thought. Thanks for the responce can hardly wait for some news.
and I expect a facility before an acquisition
Exactly what do you mean by facility?
Probably going to see the price sit in a trading range until news. while everyone expects acquisition news I am lookin for an update on Q1 revenues. I expect news very soon was expecting it today but looks like next week. continuing to add here but in small amounts. GLTA