I'm glad this question was brought up-- as I would like to read an answer as well. I'm new to the board so here are my thoughts
It's definitely better than a given pink sheet stock... I mean I'm encouraged that this company has a real office, sells real product, has made money in the past and has a legitimate, user friendly website. This is the oldest Cannabis stock in the US, too. To add to your question, I would like to toss in these concerns for the group to discuss...
-How did we get to the point where MJNA is trading at .16, when for 2 1/2 years it struggled to surpass dimes?
-What factors have held it back from trading at a higher, more stable PPS?
-GW Pharma is trading at >$100/share. What can be done for MJNA to be trading that high, let alone $10/share, five to ten years from now?
Obviously when there is actual news about the company, it can generate buzz and some PPS movement. That said, I see the same doggone reposts and optimistic but vague comments each day, which can become mundane. I know penny stocks are so speculative, but let's take an empirical look at MJNA if we can!