Medical Marijuana Inc (MJNA)

[GDorn]

Short Answer, We Don't Know

First, MJNA never produced CBD oil, their HempMeds subsidiary had a master distributorship agreement with Cannavest to sell the CBD oil CANV produced. As of last month that agreement broke down. CANV mentions this in their Q2/14 filings, MJNA has yet to comment on it.

LiveWire and MJNA formed a joint partnership in HempWire where LVVV would provide the "functional food" product and presumably MJNA (HempMeds) would provide the CBD oil and split profits on the joint products 50/50. LVVV's Q2/14 sales including proceeds of the HempWire partnership were about $180K.

Recently LVVV, who have some serious issues of their own, announced a partnership with a Chinese hemp company to develop hemp oil and CBD production. This sounds more like starting from closer to scratch than turning on the delivery spigot. But if LVVV and their new Chinese partner can deliver (not an insignificant question) there is much potential there.

Where does this leave MJNA? Again, we don't know for sure. What happens to the HempWire partnership if LVVV no longer needs MJNA for CBD oil? HempMeds contract with CANV is no more but HempMeds accounted for almost all of CANV's sales to date. It would seem logical that CANV will still sell CBD oil to HempMeds until CANV sets up it's own distribution network.

We don't know, in part because MJNA isn't talking about anything unfit for a press release and are (yet again) very late in filing their quarterlies. Hopefully more information is forthcoming and investors will be able to make more educated buying and selling decisions.