Medical Marijuana Inc (MJNA)

[GDorn]

I Don't Care What the Terms Are

Micheal Llamas, former president and still major share holder of MJNA and Stewart Titus, new MJNA CEO own a crappy little near failed MLM company which in addition to declining revenues also faces potential civil penalties in a trademark lawsuit. They told Houlihan Capital it was worth significantly more than 80 million dollars and Houlihan Capital wrote a report that said, based on what we were told Kannaway is worth significantly more than 80 million dollars.

Now, Llamas and Titus are selling Kannaway to MJNA for 80 million dollars worth of MJNA stock at a 25% discount (to the share, not company price). This will double the O/S and will do so in exchange for a company who, even by what Houlihan Capital was told, netted less than a half a million bucks last year.

Only two (possibly three if M.S. is being cut in) of MJNA's shareholders will benefit from this deal, the rest wont.