Medical Marijuana Inc (MJNA)

[Det_Robert_Thorne]

I would question that investment number

MJNA isn't using Mark-to-Market accounting for its investments in CannaVest, KannaLife and Axim Biotechnologies, so the actual value of the investments on June 30, 2014 could be higher or lower than $47M, though based on the stock prices of CANV and AXIM at the end of June ($12.90 and $9.50, respectively), it would have been a lot higher.

Right now, however, with CannaVest stock at $2.83, that investment is now worth less than $16M, and while AXIM is at $10, without any income, that stock is tremendously overpriced. MJNA would never be able to sell its nearly 15M shares at that price.

So, take that $47M with a grain of salt.