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"No, you always pay taxes on gains, no matter what."
Unless you have offsetting losses
me too...the company has done an excellent job (so far) of creating and implementing their business plan and emerging as a/the major player in many facets of this sector. Kudos to management and kudos to the investors that have ponied up
its still a long road ahead but i like what i've seen so far
Thanks for that post
Ha, funny stuff
That buys alot of Chaka coffee
exactly...was just about to post that
dropped 14% in 50 sec. for 3k shares
CSTI on bid and ask
10-4
ask at .05
fins still not out yet (publicly at least)
starting to bounce now; .046, up 22%
you forgot "load the boat"...it doesn't work unless you use load the boat.
You mean after the sixers game?
Get ready boys and girls...seems like the beginning of a very well thought out PR plan. More news to follow starting with great financials tomorrow (fingers crossed)
Good luck to all
Snap...hope it wasn't an expensive lesson
I believe the trades...it's just for such low/slow volume why would trades happen above the ask.
I guess it's part of being in Unsolicited Quote world...hopefully the company addresses this soon.
My L2 must be broken...buys going off way above the ask.
ask @ .0392
trades (buys I guess) at .04 and .041
...this will allow non MMJ patients access to the healing and preventative benefits of CBDs. Great revenue potential
Web site is really cool. MJNA an Dixie will be bringing CBDs to the masses
...and in about 90 days available throughout the US. I see major revenue and exposure when that happens.
Going by memory here...additionally I think within 90 days (8/1) the CBD products will be available across the US, online
exactly...can't wait to place an order
Thats what I think...I'm buying today
They already have engaged a company for this...small cap voice.
http://www.smallcapvoice.com/disclaimer.html
paying them 5k for 30 days, started on 4-4-12. I don't know how these arrangements typically work but it doesn't seem to be doing too much.
As a side note, personally I don't care if the company does this or not...my core position is long (although it's always good to see positive forward pps direction)
What Timber....it closed flat today. I like a little schwag every once and awhile anyway :)
5/1 Is the date for release of certain CBD products...I believe relating to the phytosphere PR.
DDM, I agree...let's sit back and enjoy the next 4 weeks or so.
great post Whazoo, colorful too :)
Nice to be a part of an OTC stock actually becoming a legit business...ha, kinda ironic given the sector.
Your welcome...but it's still all fairly confusing. Where did mjna get the 2.5 million to purchase 80% of phytosphere from cannabank? Is it part of the non-dillutive 4 million? Who are the 2 individuals backing cannabank? We need audited financials...maybe I'm asking too many questions and should just enjoy the ride :)
http://blogs.wsj.com/privateequity/2012/04/13/cannabank-takes-hit-of-2-5m-sale/
By Beina Xu and Michael Wursthorn
This hemp investor isn’t exactly puffing on its latest deal.
CannaBANK Inc., a self-described San Diego private equity firm that focuses on hemp-based businesses, sold an 80% stake in biotechnology company PhytoSPHERE Systems LLC to Medical Marijuana Inc. for $2.5 million. CannaBANK will hold the remainder of the company’s interests.
But despite the names of the companies involved, this isn’t some deal that’s furthering the sales of marijuana — legal or otherwise. Instead, PhytoSPHERE uses a system known as TerraSphere to create plant-based biocompounds for pharmaceutical and the so-called nutraceutical markets.
Michael Llamas, president of Medical Marijuana, a company that trades on the Pink Sheets and on the Over-The-Counter bulletin board, said PhytoSPHERE extracts hemp – a completely legal process, as it’s derived from hemp seeds and is categorized as food. One of the commodities emerging from the hemp industry is cannabidiol, an extract that comes in the form of crystal, oil or powder, where a “majority of the medical benefits” can be found, Llamas said.
He claims that it helps with treating digestion problems, acting as a super antioxidant, among other things.
“[It’s] completely organic,” Llamas said, “It’s been known to be beneficial in treating things from Alzheimer’s to pain management to multiple sclerosis [and] Crohn’s disease.”
In fact, while hemp and marijuana are from the same species of plant and appear to be similar, they are quite different, according to the North American Industrial Hemp Council Inc., an industry association representing the U.S. hemp industry. Hemp contains no THC, the active ingredient found in marijuana, making it unusable as a drug, unlike marijuana, the NAIHC said.
Medical Marijuana, also based in San Diego and involved with extraction and delivery methods of hemp-based compounds for use in pharmaceutical products, isn’t involved in “selling pot at all,” Llamas said.
But the similar-sounding name and familiar-looking plant have cast a stigma on the hemp industry, according to Llamas.
The Hemp Industries Association, a non-profit trade group, said in June that the retail sales of hemp food and body care products in the U.S. reached $40.5 million in 2010, but that excluded retailers such as Whole Food Market and The Body Shop. The Washington-based trade group estimates that with the excluded retailers included, the total retail value of annual North American hemp-based product sales have been between $121 million and $142 million.
CannaBANK, the largest stakeholder in Medical Marijuana, didn’t return calls seeking comment on Thursday. The firm is backed by two unnamed individuals who have used their own money to fund CannaBANK’s investments so far, according to Llamas.
There's news out from the WSJ though DowJones, just can't seem to find it
why are trades going off continuously below the bid?
Great news out!! More proof that MJNA is an industry leader, just awesome. Need some volume now.
DDM...when you're done with chicken coupes,can we get a couple stickies? lol, thanks
turns out the CC doesn't have anything to do with an MJNA PR (and thank God after listening to those idiots over at COIN)
Anyway, you're right...where's this PR???
good question...if it's related to COIN, they may have to wait until after the 10am CC.
"The Feds can only fight so long as the cat is really out of the bag"
agreed...once the psychoactive properties are removed, there's no more "legitimate" reasons for opposition. Game Over, IMO.
looking forward to what should be a great day