Medical Marijuana Inc (MJNA)

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Medical Marijuana Inc. With a mission to be the premier cannabis and hemp industry innovator, Medical Marijuana Inc sources, evaluates and purchases value-added companies and products in the marijuana, cannabis or hemp related sectors. However and in September of 2012, Medical Marijuana Inc announced that Interim President and CEO, Michael Llamas, would be taking a leave of absence effective immediately in order to “focus his attention on personal business matters that are entirely unrelated to MJNA.” Apparently, the “personal matters” included an indictment for a multi-state mortgage fraud scam/ponzi scheme and it should be mentioned that Llamas owns a company called CannaBank, which in turn owns a 50% stake in MJNA (He still sits on MJNA’s Board according to OTC data). In addition, the latest Medical Marijuana Inc quarterly filing also disclosed an informal SEC inquiry, but it was also mentioned that the Depository Trust Fund (DTF) chill on shares had been lifted. On Thursday, small cap Medical Marijuana Inc surged 22.71% to $0.190 (MJNA has a 52 week trading range of $0.09 to $0.50 a share) for a market cap of $180.24 million plus the stock is up 86.11% over the past year and down 45.7% over the past five years.
http://www.smallcapnetwork.com/Which-Small-Cap-Marijuana-Stock-Generates-the-Highest-Investor-High-MJNA-CBIS-MDBX-PHOT-HEMP/s/via/3414/article/view/p/mid/1/id/1656/