Medical Marijuana Inc (MJNA)

[goldmansack]

Unfortunately there are a lot of headwinds this time around with the legal cases and over 40M new shares coming to market. The last W you see from last year happened because MJNA was caught up in the Pot Stock Bubble. This year investors are smarter and are picking specific winners instead of blindly buying the space.

It will be much more difficult for MJNA to make any move into the .30s or .40s again unless there is positive material news. One thing you fail to see on the 5 year chart is lower highs over the last two years. Another bearish indicator of toxic financing.