Medical Marijuana Inc (MJNA)

[gotw]

Both agree and disagree, what you're describing is brute-force and extreme. It would certainly work, so I can't argue with it.

I think there are multiple things this company, along with most in the sector, could do but it's all predicated on sales. MJNA is ahead in that game from what I can tell. Audited profitability in general would be nice to see before anything I'd describe as super profitable. I'd like to see audited financials. I think all of us would love to see buybacks.

But, I want to see all of this in time, not next week. It would be unwise for a company expanding this quickly to focus on anything like those without the sustained capital to maintain it. If you start auditing, you really can't switch back to unaudited without backlash. If you buyback shares, you shouldn't be in a position to need to offer shares for your expansion the following day. MJNA is smart to absorb all the space they can while the industry is still young, and I'm long because I feel that way. I don't think there is a single possible path to shareholder value with MJNA, and I see it as a reasonable scenario where they win big.

This is all my opinion, but I wouldn't be on a board if I didn't like what I saw.