Medical Marijuana Inc (MJNA)

[Marzoli]

The auditing requirement does not apply because MJNA is not classified as Premier QX
Here is the latest classification of this company from my TD Ameritrade account:
OTC Pink - Current Information: MJNA
From Investopedia:
Current Information. These are companies that are providing information with either the SEC or the OTC Disclosure and News Service. This information is no more than six months old. In order for companies to stay at this tier and not be moved down, they need to have filed a quarterly or annual report within 75 days after the last quarter has ended. The pink sheet OTC market will verify that the information has been posted.

You see, MJNA is doing nothing outside of the law.

Premiere QX. These are companies listed in the U.S. only that meet the Nasdaq's Capital Market continued listing standards. These companies may or may not report to the SEC, yet they still follow all of the guidelines listed by the Nasdaq.

International Premier QX: These companies are based overseas and are listed on an international exchange, but they still meet the financial requirements of the NYSE Worldwide Listing Standards. These companies establish an independent audit as well as providing immediate certification by the CEO of any non-compliance with corporate governance. These companies, while listed in another country on another exchange, still provide the NYSE with a written and updated notification of their corporate-governance practices.