Medical Marijuana Inc (MJNA)

[kevindenver]

Sorry not a CPA, but just can't see Kannaway worth that much as a "real" asset nor have that much "goodwill" value.

DEFINITION of 'Goodwill'
An intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company’s brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.



Read more: http://www.investopedia.com/terms/g/goodwill.asp#ixzz3aANEl2RS