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Thanks Osprey! Really appreciate it.
Osprey charts many stocks and gives his honest opinion of where they are at. He's not bashing, just saying that things are kind of indecisive right now according to the charts and this could go either way. That doesn't take into account any news on the horizon. It's just a simple reading of the charts.
I don't know whether he holds a position here or not but I highly doubt he is trying to manipulate things.
$PHOT
thanks!
I need to learn this charting thing someday.
$MJNA
Well, if you believe that a company with no products, no revenue stream other than dilution, and huge mountain of debt is somehow 'strong' and healthy, more power to you.
But I'm not putting my money anywhere near that kind of thing.
Ain't that the truth. Unless they develop some products and revenue stream they will be the first MMJ stock to go under in my opinion.
The only thing keeping them up right now is the excitement in the rest of the industry.
yup, I bought in at .054.
Someone should add this one to the list of MMJ stocks here.
There's a new MMJ stock as of today. NVLX is joining the Medical Marijuana sector.
up 70% on that news today.
Can you run the chart for that one?
Thanks.
ddm What's the chart looking like?
$MJNA
Mine is MJNA, PHOT, and now a small position in NVLX
ok, I read that wrong. It's not Nutiva, i's Nuvilex.
Huge difference.
http://globenewswire.com/news-release/2013/02/11/522591/10021298/en/Nuvilex-Enters-Medical-Marijuana-Arena.html
Glad I'm long and strong with MJNA.
$MJNA
I bought some shares at .054 and hoping to add more as funds permit.
Looks like MJNA will have some competition now?
Nutiva is getting into the medical marijuana business.
http://globenewswire.com/news-release/2013/02/11/522591/10021298/en/Nuvilex-Enters-Medical-Marijuana-Arena.html
Their stock is up huge right now
NVLX
I think competition will be a good thing for MJNA
$MJNA
The old numbers weren't audited, the new numbers are.
That's why audits are done.
Don't believe the old numbers, believe the new numbers.
$MJNA
yes, especially for the 1.5 million people in the US suffering from Hepatic Encephalopathy.
We also don't know what other patents they are already working on since that one was filed almost 2 years ago.
$MJNA
You're joking right?
Did you actually read what he posted?
Here it is again. It is impressive so read closely:
MJNA provides over 50 proprietary and patented cannabinoid “delivery methods” that are more “socially and medically acceptable” than smoking. Finally, MJNA services include the licensing of its proprietary testing, genetics, labeling, and packaging, tracking, production and standardization methods for the medicinal herb industry.
Medical Marijuana Inc.’s patented and proprietary technologies include the only pharmaceutical grade vertical Bio-Technology Company specializing in the standardization, production and extraction of medicinal cannabinoids. MJNA’s PhytoSPHERE Systems and their advanced plant growth technologies save significantly on resources necessary for production of medical grade cannabis. In addition to providing a medical grade end product, extracts and compounds, PhytoSPHERE Systems also includes pre-and-post production tracking, gemplasm references, packaging and processing to ensure consistency and genetic purity.
Actually it says exactly that. It's not a bad thing though. They can make more.
NOTE 11: Subsequent Events
The Company sold all of its inventory for approximately $35,000,000 and has received its first installment payment of $4,500,000, and will continue to receive installment payments through 2013.
Q4 Audited financials
http://www.otcmarkets.com/financialReportViewer?symbol=MJNA&id=98968
No, the audited financials have already been released.
The shareholders report with projections for the coming year is due out on Feb 17th.
$MJNA
I wouldn't worry about MJNA. They will not only sustain but grow profits in the coming years.
Their brand is only growing bigger and bigger. As more markets open up they are really the only MMJ company out their who has positioned themselves to manufacture on a lever that can distribute their products all over the country.
There is no real competition at this point.
$MJNA
Nope, lots more to come:
Shareholders report including projections for the year on feb 17th
Uplisting
Distribution to california
Distribution to washington
Distribution to Massachusetts
Distribution to Europe
CanChew release to public
New products
Etc etc etc etc
$MJNA
Right on. I was just thinking it would be funny if we bought them to get the goat of all the CBISers that come in here and bash.
Nope it works'
There are plenty of studies showing that CBD's are useful in treating in a number of different conditions. You've seen these and know that it works so I'm surprised that you've forgot.
MJNA = Highly concentrated CBD oil.
MJNA = Medicine.
The way I understand PHOT is more as selling grow systems. You are right that MJNA doesn't need a grow system but I think PHOT's focus is more on grow systems for individuals. THey make small systems that you could grow your own in your apartment. This will be largely popular in places where MJ is legalized.
Always good to diversify. I love MJNA but that doesn't mean there isn't money to be made in some of the other MMJ stocks
$MJNA
oh, I totally agree. PHOT would be a much better investment for them.
It would still be fun to make all the CBIS'er who come in here and bash would automatically become owners of MJNA.
lol, it will be funny when MJNA buys CBIS and you will end up being an investor here as well!
I believe that day is coming. THe way CBIS is going it will be a cheap acquisition for MJNA.
Obviously you are wrong. It has already helped many sick people. Some have even posted on this board with their results. Cancer isn't the only thing that cannabis is good for. There are many other useful applications of both THC and CBD's.
$MJNA
I can't wait until MJNA buys out CBIS. Although I;m not sure if they would really want to take on such a liability.
BTW, I think what CBIS is trying to do is wonderful and I support them 100% but as a business they aren't going to last much longer without real products and revenues.
$MJNA
Even if it were true that MJNA sold nothing but "seed oil" (it's not, they sell THC products as well as CBD products and their CBD products are highly concentrated , unlike other seed oils). it really doesn't matter because they sell a lot of their products.
We buy lots of products that "anyone can make". That doesn't mean the company won't be successful.
Now that we own Kannalife as well, it's clear that we are in the medical marijuana business and are in a prime position to lead the way.
$MJNA
Same here. Bought at .025 and .04.
Sold a few at .23 ( a little early but I wanted to lock in some profits). The rest I'm holding for dollar land.
$MJNA
We are all investors in KannaLife now. MJNA owns them. If you own MJNA then you own a piece of KannaLife as well.
$MJNA
In my experience the two you mention are entirely different. One would say anything even if it's built on misinformation just to try to make MJNA look bad, the other, Osprey, just reads the charts and brings up things he really believes are issues with MJNA. I find his input to be fair and honest even when I don't agree with him.
$MJNA
MJNA is definitely the leader here. Most revenues, most profits. Real products. Very diversified (THC and CBD products).
I'm also invested in PHOT.
$MJNA
Just be aware that the person who wrote that article holds a short position in MJNA.
There is a disclaimer in the article.
In other words, the whole thing is a bunch of hogwash.
Thanks for your honest review of the financials.
I'm not much of an accountant to it really helps put things in perspective.
$MJNA
I might not always trust you but we are in this MJNA boat together and I like your thinking here.
$MJNA
Brains not found. See disclaimer
Disclosure: I am short MJNA.PK. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this
See the disclaimer:
Disclosure: I am short MJNA.PK. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this
Amen Brother!
An article on seekingalpha with a disclaimer on the end that says the author holds a short position in MJNA is not going scare folks away unless they are totally clueless.
Still the best and most profitable MMJ stock out there.
Todays news is fantastic!
Go MJNA!!
Oh c'mon, they are teaming with the NiH now. You can no longer claim they aren't a medical marijuana company.
Seriously, CBD has been found to help with many illnesses. On it's own,. Even without THC.
This is the most profitable, well positioned, MMJ stock out there. Get over it.
$MJNA